Streetbeat News

Revenues

EWG

Germany's Consumer Price Index (CPI) for February showed a year-over-year increase of 2.5%, aligning with estimates and marking a decrease from the previous 2.9%. The iShares MSCI Germany ETF (EWG) may be impacted as it reflects the performance of the German market.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 7:04 am

EWU

The U.K. unemployment rate for January was reported at 3.9%, slightly higher than the estimated 3.8% and the previous rate of 3.8%.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 7:03 am

EWU

The U.K. Claimant Count Change for February was reported at 16.8K, lower than the estimated 20.3K and higher than the revised prior figure of 3.1K. This indicates a slower increase in unemployment claims than expected.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 7:03 am

JPM

Jamie Dimon, CEO of JPMorgan Chase, described the U.S. economy as 'kind of booming' but also cautioned that a recession remains a possibility. His comments were made at the Australian Financial Review Business Summit and reflect ongoing concerns about the U.S. economy's potential for a recession despite its current strength. Dimon had previously warned about the risks of a recession and the market's underestimation of these risks. The recent increase in the unemployment rate from 3.7% to 3.9% in February has added to these concerns.

Portfolio Pulse from Benzinga Neuro

March 12, 2024 | 1:50 am

KLIC

Kulicke and Soffa Industries reaffirms its Q2 revenue forecast to be around $170M, with a possible variation of plus or minus $10M, aligning closely with the estimated $170.164M.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 9:55 pm

CPT

IRT

REZ

UMH

Rising rents in the U.S., particularly in the Northwest and Midwest, are boosting residential real estate stocks but may hinder the Federal Reserve's goal of achieving a 2% inflation target. The median U.S. asking rent increased by 2.2% year over year in February, with significant regional variations. This increase is driving demand for rentals over buying due to higher mortgage rates, impacting the broader inflationary landscape. The iShares Residential and Multisector Real Estate ETF (REZ) and stocks like UMH Properties, Inc. (UMH), Independence Realty Trust, Inc. (IRT), and Camden Property Trust (CPT) have seen notable growth over the past month.

Portfolio Pulse from Piero Cingari

March 11, 2024 | 9:43 pm

CANG

Cango Inc. forecasts its Q1 total revenues to range between RMB50 million to RMB100 million.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 9:37 pm

ORCL

Oracle announced in a conference call that its total revenues, including contributions from Cerner, are expected to grow by 4% to 6%. Excluding Cerner, Oracle's revenue growth is projected to be between 6% and 8%.

Portfolio Pulse from Charles Gross

March 11, 2024 | 9:31 pm

BHP

FSUMF

RTNTF

VALE

Iron ore prices have dropped nearly 25% from their peak in early January due to reduced demand from China's real estate and manufacturing sectors. Major iron ore producers like Vale SA, Rio Tinto Ltd., BHP Group Ltd, and Fortescue Ltd. reported a production increase of 1.7% in 2023, adding pressure to prices. The National People's Congress in Beijing provided no demand stimulus, with construction activity remaining low amid China's crackdown on property debt. The situation is exacerbated by high iron ore inventories at Chinese ports, indicating a supply surplus.

Portfolio Pulse from Stjepan Kalinic

March 11, 2024 | 9:31 pm

NNBR

NN, Inc. forecasts its 2024 revenue to be in the range of $485M-$510M, aligning closely with the estimated $493.319M. The company also projects its adjusted EBITDA to be between $47M and $55M.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 9:25 pm