Streetbeat News

Revenues

TMUS

T-Mobile is raising prices on several of its older plans by up to $5 per line per month, affecting a small fraction of customers. The price hike is a response to rising costs and will appear on bills as early as June 5th.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 5:34 pm

AZO

AutoZone (NYSE:AZO) has significantly outperformed the market over the past 5 years, delivering an average annual return of 21.51%. A $100 investment in AZO 5 years ago would now be worth $264.83. The article highlights the power of compounded returns in growing investments over time.

Portfolio Pulse from Benzinga Insights

May 22, 2024 | 5:31 pm

QCOM

Qualcomm (NASDAQ:QCOM) has outperformed the market over the past 20 years, delivering an average annual return of 9.36%. A $1000 investment in QCOM 20 years ago would be worth $6,073.65 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

May 22, 2024 | 5:30 pm

SNY

Sanofi shares are trading higher following new Phase 2 results for Rilzabrutinib in moderate-to-severe asthma, showing potential for advancement to Phase 3.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 5:28 pm

BABA

LVMHF

LVMH is deepening its partnership with Alibaba to leverage Alibaba's cloud and AI capabilities, aiming to boost its presence in China. This move comes as luxury brands focus on improving online shopping experiences and catering to Chinese consumers amid economic challenges.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 5:20 pm

SYK

Needham analyst Mike Matson upgraded Stryker Corp (NYSE:SYK) from Hold to Buy with a $392 price target, citing double-digit organic revenue growth, new product launches, and a strong capital equipment backlog. Matson expects these factors to drive revenue and EPS upside, despite potential recon market slowdowns. SYK's margin improvement and increased M&A activity are also seen as positive catalysts.

Portfolio Pulse from Anusuya Lahiri

May 22, 2024 | 5:17 pm

AMD

NVDA

VRT

The rapid advancements in AI technology by NVIDIA and AMD are driving significant increases in data center power demands, necessitating upgrades in thermal management solutions. Vertiv Holdings is well-positioned to benefit from this trend with its advanced cooling systems.

Portfolio Pulse from Surbhi Jain

May 22, 2024 | 5:02 pm

BZ

Analysts' ratings for Kanzhun (NASDAQ:BZ) have varied over the last quarter, with recent updates showing a mix of bullish and neutral sentiments. The average 12-month price target has increased to $25.0, reflecting a positive outlook. Kanzhun's financials show strong revenue growth, high net margins, and efficient asset and debt management.

Portfolio Pulse from Benzinga Insights

May 22, 2024 | 5:01 pm

AMD

Advanced Micro Devices (NASDAQ:AMD) has significantly outperformed the market over the past 15 years, delivering an average annual return of 26.86%. A $100 investment in AMD 15 years ago would be worth $3,537.58 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

May 22, 2024 | 5:01 pm

X

United States Steel (NYSE:X) has outperformed the market over the past 5 years, delivering an average annual return of 22.31%. A $1000 investment in X stock 5 years ago would be worth $2,737.18 today. The company's current market capitalization is $8.16 billion.

Portfolio Pulse from Benzinga Insights

May 22, 2024 | 5:00 pm