Streetbeat News

Revenues

SPY

December's New Home Sales increased by 8% month-over-month, showing a significant rebound from the previous month's 12.2% decline. This positive change indicates a potential recovery in the housing market, which could influence investor sentiment and related securities.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 3:01 pm

FTRE

Fortrea Holdings (NASDAQ:FTRE) has been analyzed by 5 analysts over the past three months, with a mix of bullish and somewhat bullish ratings. The average 12-month price target is $38.6, up 16.09% from the previous $33.25. Analysts from Barclays, Jefferies, Citigroup, and Evercore ISI Group have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Fortrea Holdings, a late-stage CRO spun off from LabCorp, has shown revenue growth but faces challenges in market capitalization, net margin, ROE, ROA, and debt management.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 3:00 pm

SPY

USA new home sales for December were reported at 664K, surpassing the estimated 645K and the previous month's figure of 615K. This indicates a stronger housing market than anticipated.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 3:00 pm

DNN

Denison Mines (AMEX:DNN) and Orano Canada have announced the resumption of operations at the McClean Lake uranium mine, with mining activities set to recommence in 2025. The decision is influenced by soaring uranium prices, which recently hit a 16-year high, and is expected to provide modest near-term cash flow for Denison. BMO Capital Markets analyst Alexander Pearce maintains a Hold rating on Denison.

Portfolio Pulse from Stjepan Kalinic

January 25, 2024 | 2:58 pm

AMSC

American Superconductor (AMSC) shares rose following the report of Q3 financial results that surpassed expectations. Additionally, the company provided Q4 revenue guidance that exceeded analyst estimates, further boosting investor confidence.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 2:52 pm

TSN

Tyson Foods, Inc. has inaugurated a new $355 million food production facility in Bowling Green, Kentucky, to expand its bacon production. The 400,000-square-foot plant will produce two million pounds of bacon weekly, including Jimmy Dean and Wright Brand products. This expansion aims to meet the growing demand for bacon, which accounts for over $1 billion in sales for Tyson across retail and foodservice. The facility is expected to create nearly 450 jobs and is strategically located for supply chain efficiency. Tyson's bacon brands have shown significant growth, with Jimmy Dean being the fastest-growing retail food brand and Wright Brand leading in the stack category.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 2:14 pm

BCAN

BYND Cannasoft Enterprises Inc. is set to sign production agreements for its EZ-G device, a product designed to enhance the delivery of medical cannabis. The news indicates progress in the company's product development and potential future revenue streams.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 2:13 pm

AAL

An executive from American Airlines mentioned during a conference call that the company is experiencing bookings for summer long-haul flights on a revenue basis at the same rates as last year, which was notably strong.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 2:10 pm

TAOP

Taoping Inc. (NASDAQ:TAOP) is experiencing revenue growth due to increasing demand for its off-grid wastewater treatment solutions. The company offers comprehensive support for these projects, integrating them with its Cloud Nest AI system and intelligent Cloud platform. Taoping's solutions are gaining traction with the resurgence of outdoor activities post-pandemic and the need for clean water. The company has completed new projects and expanded its order pipeline, indicating ongoing growth. Taoping's technology is particularly relevant in China, where rapid urbanization has increased sewage discharge, and there is a significant need for improved sewage treatment infrastructure.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 2:06 pm

SYT

SYLA Technologies has projected its FY24 revenue to be between ¥27.5 billion and ¥30.0 billion. The company has not provided further details or context regarding this forecast in the article.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 2:04 pm