Streetbeat News

Revenues

EWA

Australia's private new capital expenditure for Q1 increased by 1.0%, surpassing the estimated 0.6% and the revised prior figure of 0.9%.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 4:56 am

AAPL

MSFT

Apple Inc. (NASDAQ:AAPL) has reportedly reached an agreement with OpenAI to integrate ChatGPT into iOS 18, despite potential internal opposition. This partnership could open significant AI revenue opportunities for Apple, as noted by Wedbush’s Dan Ives. The specifics of the agreement remain undisclosed, and Apple may reveal more details at the WWDC keynote on June 10.

Portfolio Pulse from Ananya Gairola

May 30, 2024 | 3:25 am

GOOG

GOOGL

YouTube CEO Neal Mohan outlines plans to expand YouTube beyond mobile devices, emphasizing Shorts and live sports content. This move aims to make YouTube a more pervasive platform under Alphabet Inc. (NASDAQ:GOOG, NASDAQ:GOOGL).

Portfolio Pulse from Ananya Gairola

May 30, 2024 | 2:20 am

ANF

CVNA

ML

MSTR

NVDA

SLNO

VERA

VRT

NVIDIA Corp. (NASDAQ:NVDA) has seen a 186% surge in the past year, driven by high demand for AI chips, making it the third-largest U.S. company by market value. However, seven other U.S. stocks have more than doubled Nvidia's returns over the same period, including Vera Therapeutics, Vertiv Holdings, MicroStrategy, Abercrombie & Fitch, Carvana, Soleno Therapeutics, and MoneyLion.

Portfolio Pulse from Piero Cingari

May 29, 2024 | 9:56 pm

HES

Hess Corporation (NYSE:HES) has significantly outperformed the market over the past 5 years, delivering an average annual return of 21.67%. A $1000 investment in HES stock 5 years ago would be worth $2,720.26 today. The article highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

May 29, 2024 | 9:30 pm

EXP

Eagle Materials (NYSE:EXP) has significantly outperformed the market over the past 15 years, delivering an average annual return of 16.07%. A $100 investment in EXP 15 years ago would be worth $923.83 today. The company's current market capitalization is $7.76 billion.

Portfolio Pulse from Benzinga Insights

May 29, 2024 | 9:30 pm

PSTG

Pure Storage Inc (NYSE:PSTG) shares surged after the company reported better-than-expected Q1 results. The company posted earnings of 32 cents per share, beating the consensus estimate of 21 cents. Quarterly sales were $693.479 million, surpassing the $680.972 million estimate and marking a 17.68% year-over-year increase. Subscription services revenue grew by 23% to $346.1 million, and subscription ARR increased by 25% to $1.4 billion. The company also provided a positive outlook for Q2 and fiscal year 2025.

Portfolio Pulse from Erica Kollmann

May 29, 2024 | 9:15 pm

ZBH

Zimmer Biomet plans to return at least 65% of its free cash flow to shareholders through dividends and share buybacks. The board has approved a new stock repurchase program of up to $2 billion in common stock. The company also provided its long-range plan for 2024-2027, which includes mid-single-digit percentage revenue growth, adjusted EPS growth at least 1.5 times revenue growth, and free cash flow growing at least 100 basis points faster than adjusted EPS.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 9:09 pm

A

Agilent Technologies Inc (NYSE:A) shares fell after the company revised its full-year outlook due to slower market recovery. Q2 revenue was $1.57 billion, slightly below estimates, while Q2 EPS beat expectations. The company also announced a new $2 billion share repurchase program.

Portfolio Pulse from Adam Eckert

May 29, 2024 | 9:07 pm

ZBH

Zimmer Biomet has announced its long-range plan for 2024 through 2027, detailing new capital allocation priorities and a commitment to strategic diversification.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 9:04 pm