Streetbeat News

Revenues

MAA

Analysts have provided mixed ratings for Mid-America Apartment (NYSE: MAA) over the past three months, with a slight increase in the average 12-month price target to $141.41. The company has shown strong financial performance, including revenue growth and high net margins.

Portfolio Pulse from Benzinga Insights

May 31, 2024 | 5:01 pm

CSGP

CoStar Group (NASDAQ: CSGP) has significantly outperformed the market over the past 20 years, delivering an average annual return of 15.7%. A $1000 investment in CSGP 20 years ago would be worth $18,773.49 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

May 31, 2024 | 5:00 pm

AZO

AutoZone (NYSE:AZO) has significantly outperformed the market over the past 20 years, delivering an average annual return of 18.72%. A $1000 investment in AZO 20 years ago would be worth $31,020.76 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

May 31, 2024 | 5:00 pm

SHAK

In the past three months, 19 analysts have provided ratings for Shake Shack (NYSE:SHAK), ranging from bullish to bearish. The average 12-month price target is now $117.05, up from $102.71. Analysts have recently raised their price targets, reflecting positive sentiment. Shake Shack has shown strong revenue growth but faces challenges in profitability and asset utilization.

Portfolio Pulse from Benzinga Insights

May 31, 2024 | 5:00 pm

FirstEnergy Corp's Ohio electric companies have requested a review of their base electric rates by the Public Utilities Commission of Ohio (PUCO). They are proposing an annual revenue increase of $93.6 million.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 4:56 pm

QQQ

RSP

SPY

Bank of America Chief Investment Strategist Michael Hartnett has turned bullish on bonds for the second half of the year, predicting a stock market sell-off as investors anticipate the first Fed interest rate cut. Hartnett advises buying dips in bond prices and selling stocks at the first rate cut. He highlights the poor performance of the Equal Weight S&P 500 Index relative to the cap-weighted S&P 500 Index, indicating a market dominated by a few tech giants. The Nasdaq 100 index fell 1.4% following a benign April PCE report.

Portfolio Pulse from Piero Cingari

May 31, 2024 | 4:41 pm

ADSK

Autodesk (NASDAQ:ADSK) has outperformed the market over the past 10 years with an average annual return of 13.84%, resulting in a $100 investment growing to $370.17. The company currently has a market capitalization of $42.63 billion.

Portfolio Pulse from Benzinga Insights

May 31, 2024 | 4:30 pm

BJ's Wholesale Club (NYSE:BJ) has significantly outperformed the market over the past 5 years, delivering an average annual return of 27.75%. A $100 investment in BJ's stock 5 years ago would now be worth $349.32.

Portfolio Pulse from Benzinga Insights

May 31, 2024 | 4:30 pm

AMD

BNGE

INTC

NVDA

TINY

Intel Corp (NASDAQ: INTC) is shifting its focus to private data storage solutions in anticipation of increased AI product demand. The company plans to integrate AI capabilities across various products and expects a slowdown in traditional data center demand. Intel's data center and AI division saw a 5% revenue increase in Q1, and the company aims to ship chips for over 100 million AI PCs by 2025. Intel faces competition from Nvidia Corp (NASDAQ: NVDA) and Advanced Micro Devices Inc (NASDAQ: AMD) in the AI market. Investors can gain exposure to Intel through ProShares Nanotechnology ETF (NYSE: TINY) and First Trust S-Network Streaming And Gaming ETF (NYSE: BNGE).

Portfolio Pulse from Anusuya Lahiri

May 31, 2024 | 4:25 pm

AMBA

CLDI

DELL

GPS

MDB

NVOS

U.S. stocks traded mostly lower with the Nasdaq Composite falling 1.5%. The Dow and S&P 500 saw slight gains. Key movers included Novo Integrated Sciences, Ambarella, The Gap, MongoDB, Dell Technologies, and Calidi Biotherapeutics. The Federal Reserve's preferred inflation measure held steady, keeping investors anxious about potential rate cuts.

Portfolio Pulse from Avi Kapoor

May 31, 2024 | 4:15 pm