Streetbeat News

Revenues

TSLA

Future Fund's Gary Black predicts that Tesla's revenue will grow by 24% per year between 2023 and 2027, overtaking Ford and General Motors by 2026 and 2027 respectively. He also expects Tesla's 2024 volume growth to be 53%, nearly double the Street's growth estimate of 27%, and 2024 earnings per share of $5.40, well above the consensus of $4.70. Black suggests that Tesla should be valued more like a tech company than an automaker.

Portfolio Pulse from Shanthi Rexaline

August 07, 2023 | 9:02 am

MAT

Mattel has announced the expansion of its Barbie The Movie product collection. This move is expected to boost the company's revenues and strengthen its position in the toy market.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 4:58 am

BIIB

SAGE

Sage Therapeutics and Biogen announced that the FDA has approved ZURZUVAETM 50 Mg for adults with postpartum depression. This approval could potentially boost the companies' revenues and market share in the pharmaceutical industry.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 4:46 am

WBD

Greta Gerwig's 'Barbie' movie, featuring Margot Robbie, has grossed over $1.03 billion globally in three weeks, making Gerwig the first solo female director to achieve this. The film's success was lauded by Warner Bros Discovery Inc (NASDAQ:WBD). The film's popularity was driven by box office sales in the U.K., Mexico, Australia, and China.

Portfolio Pulse from Benzinga Neuro

August 07, 2023 | 4:35 am

MAT

WBD

The 'Barbie' movie from Warner Bros. Discovery (NASDAQ:WBD) and Mattel (NASDAQ:MAT) is expected to hit $1 billion at the global box office, making it the first billion-dollar film for Warner Bros. Discovery and the first solo female director to reach this milestone. The film's success comes amid a challenging time for studios and ongoing strikes in Hollywood.

Portfolio Pulse from Benzinga Neuro

August 05, 2023 | 3:31 am

PAC

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) reported an 11.5% increase in passenger traffic in July 2023 compared to the same period in 2022. The company's 12 Mexican airports saw a 11.1% increase in terminal passengers, with significant increases in Guadalajara, Los Cabos, Tijuana, Puerto Vallarta, and Montego Bay.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 8:21 pm

CCOEY

Capcom Co., Ltd (OTC:CCOEY) has announced that the 'Resident Evil 2' remake is now the best-selling game in the franchise's history, with over 12.6 million copies sold across console and PC. This surpasses the previous record-holder, 'Resident Evil 7: Biohazard', which sold 12.4 million copies. The company also revealed that the 'Resident Evil 4' remake has sold 4.9 million copies. Overall, the Resident Evil series has sold more than 146 million units worldwide.

Portfolio Pulse from Franca Quarneti

August 04, 2023 | 7:56 pm

ADC

ARI

CHCT

CMTG

EQC

FCPT

IRT

LTC

NNN

Several REITs have reported FFO that met or surpassed analyst estimates or were up year-over-year from Q2 2022, but missed on revenue estimates. This could indicate potential recessionary trends, but strong FFO suggests these companies are preparing for possible economic challenges. The REITs include Agree Realty Corp., Apollo Commercial Real Estate, Claros Mortgage Trust, Community Healthcare Trust, Equity Commonwealth, Four Corners Property Trust, Independence Realty Trust Inc., LTC Properties Inc., NNN REIT Inc., and The Weyerhaeuser Co.

Portfolio Pulse from Ethan Roberts

August 04, 2023 | 6:24 pm

CRLBF

GTBIF

VRNOF

Illinois' cannabis retailers sold $140 million in weed products in July 2023, setting a new record. The state collected $36 million in tax revenue from Wisconsin residents alone. Governor Pritzker noted that cannabis legalization has resulted in the creation of more than 30,000 jobs in Illinois over the past two years. Major companies in the state's cannabis industry include Cresco Labs Inc, Verano Holdings Corp., Green Thumb Industries, and PharmaCann. Illinois' weed sales reached $1.5 billion in 2022, and 2023 is on track to meet or exceed that record.

Portfolio Pulse from Maureen Meehan

August 04, 2023 | 5:54 pm

CME

CME Group's shares are experiencing an increase in value following the release of positive July volume data.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 5:39 pm