Streetbeat News

Revenues

DAY

Dayforce shares rose after the company reported strong Q3 results and increased its FY24 revenue guidance.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 2:29 pm

SPY

President Biden announced a 12.6% GDP growth since taking office, highlighting record job creation and inflation control without a recession. He criticized the GOP's tariff proposal and emphasized focusing on lowering costs for families and growing the economy from the middle out.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 2:24 pm

MLM

PKB

SUPP

Martin Marietta Materials Inc (NYSE:MLM) reported a 5% decline in Q3 revenue due to severe weather impacts, missing consensus estimates. The company revised its 2024 guidance downward but expects long-term growth from infrastructure investments. Investors can gain exposure through ETFs like TCW Transform Supply Chain ETF (NYSE:SUPP) and Invesco Building & Construction ETF (NYSE:PKB).

Portfolio Pulse from Lekha Gupta

October 30, 2024 | 2:13 pm

PKX

POSCO HOLDINGS reported a decline in Q3 2024 revenue and profit compared to the previous year. Revenue decreased from KRW9.68T to KRW9.48T, and profit fell from KRW0.50T to KRW0.27T. These figures are based on preliminary data and may change after the independent auditors' review.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 2:09 pm

HUM

Humana Inc (NYSE:HUM) reported strong Q3 earnings, beating expectations with an EPS of $4.16 and revenues of $29.30 billion, driven by Medicare growth. The company raised its 2024 profit outlook and expects continued growth in Medicare Advantage membership.

Portfolio Pulse from Vandana Singh

October 30, 2024 | 2:05 pm

DHI

KBH

PHM

SPY

TOL

The USA Pending Home Sales for September increased by 7.4%, significantly surpassing the estimated 1.9% and the previous month's 0.6%.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 2:04 pm

CBRE

CBRE Group (NYSE:CBRE) has outperformed the market over the past 5 years, achieving an average annual return of 18.91%. A $100 investment in CBRE 5 years ago would now be worth $240.72, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

October 30, 2024 | 2:00 pm

LNG

Cheniere Energy (NYSE:LNG) has significantly outperformed the market over the past 20 years, with an annualized return of 14.1%. A $1000 investment in LNG 20 years ago would now be worth $13,741, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

October 30, 2024 | 2:00 pm

SPY

A White House official highlighted the need to lower key costs while acknowledging progress in the economy. The official expects lower payroll numbers this week due to hurricanes and strikes but emphasized the resilience of the labor market.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 1:48 pm

GRMN

Garmin Ltd reported strong Q3 2024 earnings with a 24% revenue growth to $1.59 billion, surpassing analyst expectations. The company's EPS also exceeded estimates, leading to a stock price increase. Garmin raised its FY24 outlook, anticipating higher revenue and EPS.

Portfolio Pulse from Anusuya Lahiri

October 30, 2024 | 1:46 pm