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Revenues

MOV

Movado Group Inc. (NYSE:MOV) reported a mixed Q1 with earnings per share beating expectations but revenues missing estimates. The company plans to ramp up marketing investments in H2 to drive sales growth. Despite a dip in net sales and gross margin, Movado maintains a positive outlook for fiscal 2025.

Portfolio Pulse from Nabaparna Bhattacharya

May 30, 2024 | 4:08 pm

TEVA

Four analysts have recently provided ratings for Teva Pharmaceutical Indus (NYSE:TEVA), showing a mix of bullish and somewhat bullish perspectives. The average 12-month price target has increased to $18.75, with a high estimate of $21.00 and a low estimate of $14.00. Analysts from B of A Securities, Piper Sandler, and Barclays have raised their price targets, while JP Morgan has announced a neutral rating. Despite positive revenue growth, Teva faces challenges with profitability, debt management, and financial returns.

Portfolio Pulse from Benzinga Insights

May 30, 2024 | 4:01 pm

AMSC

FL

MAXN

NBY

ONMD

PATH

U.S. stocks traded lower with the Nasdaq Composite falling over 100 points. Real estate shares rose while information technology shares dipped. Crude oil inventories fell more than expected. Foot Locker, American Superconductor, and OneMedNet saw significant stock price increases following positive news, while Maxeon Solar Technologies, NovaBay Pharmaceuticals, and UiPath experienced sharp declines due to disappointing earnings and guidance.

Portfolio Pulse from Avi Kapoor

May 30, 2024 | 4:00 pm

ICLR

Icon (NASDAQ:ICLR) has significantly outperformed the market over the past 10 years, delivering an average annual return of 22.28%. A $1000 investment in ICLR 10 years ago would be worth $7,562.40 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

May 30, 2024 | 4:00 pm

APD

Air Products & Chemicals (NYSE:APD) has outperformed the market over the past 20 years with an average annual return of 9.02%. A $1000 investment in APD 20 years ago would be worth $5,661.18 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

May 30, 2024 | 4:00 pm

OKTA

Okta CEO Todd McKinnon discussed the company's growth strategy and cybersecurity threats on CNBC. The focus was on how Okta plans to navigate the increasing cybersecurity challenges while continuing to grow.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 3:58 pm

DLTH

Duluth Holdings Inc. (NASDAQ:DLTH) shares are trading lower after the company reported a larger-than-expected loss for Q1 and missed revenue estimates. The company also provided a cautious outlook for FY24.

Portfolio Pulse from Nabaparna Bhattacharya

May 30, 2024 | 3:51 pm

BAC

SPY

Bank of America CEO predicts a 10%-15% increase in investment banking fees for Q2 compared to last year. Additionally, the attrition rate is reported to be half of what it was pre-pandemic.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 3:42 pm

BAC

SPY

Bank of America CEO Brian Moynihan provided insights on inflation, credit risk, consumer credit, loan demand, and trading revenue. He expects inflation to be under control by next year, sees no stress in consumer credit, and notes solid but not robust loan demand. Trading revenue is expected to increase by a single-digit percentage in Q2 compared to last year, with equities performing stronger and fixed income remaining flat.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 3:40 pm

TLT

The iShares 20+ Year Treasury Bond ETF (TLT) has experienced significant declines, with a 12.85% drop over the past year and a 10% drop year-to-date. Investors are closely watching the upcoming PCE Price Index release, which could impact TLT's performance. Recent weak demand in U.S. government-debt auctions has caused Treasury yields to spike, further pressuring bond prices. Technical indicators for TLT remain bearish, and political uncertainties add to the complexity of the bond market outlook.

Portfolio Pulse from Surbhi Jain

May 30, 2024 | 3:40 pm