Streetbeat News

Revenues

BSX

Mizuho Securities has raised the price target for Boston Scientific Corporation (NYSE: BSX) from $85 to $90, citing strong growth in the cardiology segment driven by products like Farapulse and Watchman FLX. The company is expected to maintain double-digit growth, with potential for a $115 bull case price target.

Portfolio Pulse from Vandana Singh

May 15, 2024 | 7:02 pm

RSG

Republic Services (NYSE:RSG) has outperformed the market over the past 15 years, delivering an average annual return of 15.49%. A $1000 investment in RSG 15 years ago would be worth $8,464.43 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

May 15, 2024 | 7:00 pm

EXP

Eagle Materials (NYSE:EXP) has significantly outperformed the market over the past 5 years, delivering an average annual return of 24.68%. A $1000 investment in EXP 5 years ago would be worth $3,045.98 today. The company's market capitalization is currently $9.35 billion.

Portfolio Pulse from Benzinga Insights

May 15, 2024 | 7:00 pm

ETHUSD

Ethereum's price has increased by 3.89% within the last 24 hours, reaching $2,998.19. Despite this short-term gain, the cryptocurrency has experienced a 1.0% loss over the past week. Trading volume has increased by 5.0%, while the circulating supply has decreased slightly by 0.1%.

Portfolio Pulse from Benzinga Insights

May 15, 2024 | 7:00 pm

NVDA

KeyBanc analyst John Vinh maintains an Overweight rating on Nvidia Corp (NASDAQ: NVDA) with a price target of $1,200, citing the upcoming Blackwell GPUs and strong demand for existing products. Vinh expects Nvidia's fiscal first-quarter results and second-quarter guidance to exceed expectations, driven by improved supply and strong demand from China. He projects significant revenue contributions from new GPU models and data center solutions, estimating over $200 billion in data center revenue by 2025.

Portfolio Pulse from Anusuya Lahiri

May 15, 2024 | 7:00 pm

CME

KRE

SPY

TAN

Blu Putnam, former chief economist at CME Group, discussed April's inflation report and suggested that the Federal Reserve should cut interest rates based on the Taylor Rule. The CPI numbers showed lower-than-expected inflation growth, sparking a market rally. Despite this, interest rate-sensitive sectors like solar and regional banking ETFs underperformed.

Portfolio Pulse from Aaron Bry

May 15, 2024 | 6:45 pm

AMC

GME

GameStop (GME) and AMC Entertainment (AMC) saw significant gains earlier in the week, causing substantial losses for short sellers. Hedge fund Renaissance Technologies increased its stakes in both companies in Q1, potentially benefiting from the surge. Despite a pullback on Wednesday, GME and AMC shares remain significantly up for the week.

Portfolio Pulse from Adam Eckert

May 15, 2024 | 6:44 pm

AMAT

Stifel analyst Brian Chin reiterated a Buy rating on Applied Materials, Inc. (NASDAQ:AMAT) with a price target of $230. The company will report Q2 FY2024 results on May 16, 2024. The analyst highlights China's significant role in revenue and the potential for higher revenue and profitability in the future.

Portfolio Pulse from Nabaparna Bhattacharya

May 15, 2024 | 6:41 pm

SPOT

Spotify Technology (NYSE:SPOT) has outperformed the market over the past 5 years, producing an average annual return of 17.81%. A $100 investment in SPOT 5 years ago would be worth $228.22 today. The article highlights the impact of compounded returns on cash growth.

Portfolio Pulse from Benzinga Insights

May 15, 2024 | 6:30 pm

MELI

MercadoLibre (NASDAQ:MELI) has significantly outperformed the market over the past decade, delivering an average annual return of 35.86%. A $100 investment in MELI 10 years ago would be worth $2,052.27 today. The company's current market capitalization is $85.37 billion.

Portfolio Pulse from Benzinga Insights

May 15, 2024 | 6:30 pm