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Revenues

CAE

CAE's SkyAlyne joint venture has been awarded a 25-year contract worth CDN$11.2 billion for Canada's Future Aircrew Training (FAcT) Program. This contract is a significant achievement for CAE and will support the modernization of Canada's defence forces.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 6:05 pm

SPY

The Federal Reserve's Beige Book reports that national economic activity continued to expand from early April to mid-May, but conditions varied across industries and districts. The overall outlook has grown more pessimistic due to rising uncertainty and greater downside risks. Prices increased at a modest pace during the reporting period.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 6:01 pm

GMED

The article provides an in-depth analysis of Globus Medical (NYSE:GMED) based on recent analyst ratings. Over the past 30 days, 7 analysts have given mixed ratings, with a majority being bullish. The average 12-month price target has increased by 9.09% to $70.0. Key analysts from firms like BTIG, Piper Sandler, and Barclays have raised their price targets, reflecting positive sentiment. Despite strong revenue growth, the company faces challenges with profitability and returns on equity and assets.

Portfolio Pulse from Benzinga Insights

May 29, 2024 | 6:01 pm

LULU

Lululemon Athletica (NASDAQ:LULU) has significantly outperformed the market over the past 15 years, with an annualized return of 28.43%. A $100 investment in LULU 15 years ago would be worth $4,484.33 today. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

May 29, 2024 | 6:00 pm

AMT

American Tower (NYSE:AMT) has outperformed the market over the past 20 years with an average annual return of 13.54%, surpassing the market by 5.63% annually. A $100 investment in AMT 20 years ago would be worth $1,322.50 today.

Portfolio Pulse from Benzinga Insights

May 29, 2024 | 6:00 pm

THR

Thermon Group Holdings, Inc. (NYSE:THR) reported a 4% Y/Y increase in Q4 FY24 revenue to $127.7 million, beating consensus estimates. Despite this, shares are trading lower due to a 6% decline in adjusted EBITDA and a 17% drop in adjusted EPS. The company has set optimistic FY25 revenue and EPS goals.

Portfolio Pulse from Lekha Gupta

May 29, 2024 | 5:41 pm

UNP

Union Pacific (NYSE:UNP) has significantly outperformed the market over the past 15 years, delivering an average annual return of 15.34%. A $100 investment in UNP 15 years ago would be worth $876.23 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

May 29, 2024 | 5:30 pm

AVGO

Broadcom (NASDAQ:AVGO) has significantly outperformed the market over the past 10 years, delivering an average annual return of 34.54%. A $1000 investment in AVGO 10 years ago would be worth $19,382.33 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

May 29, 2024 | 5:30 pm

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TSLA

WKSP

Hyundai is expanding its EV lineup with the introduction of the IONIQ 9, a three-row electric SUV. While General Motors and Ford are scaling down their EV ambitions, Hyundai's EV sales surged 62% in Q1. Hyundai's new SUV will compete with Rivian's R1S, Kia's EV9, and Volvo's EX90. Hyundai has also partnered with Worksport for its innovative solar tonneau cover.

Portfolio Pulse from Upwallstreet

May 29, 2024 | 5:30 pm

CAVA

Cava Group Inc (NYSE:CAVA) reported better-than-expected earnings for Q1, with revenue up 30.3% year-over-year and earnings per share of 12 cents, beating estimates. CEO Brett Schulman attributes success to Cava's unique value proposition, attracting consumers trading down from casual dining and up from fast food. The company plans to open 50-54 new restaurants in 2024.

Portfolio Pulse from Adam Eckert

May 29, 2024 | 5:20 pm