Streetbeat News

Revenues

OKE

ONEOK (NYSE:OKE) has outperformed the market over the past 20 years with an average annual return of 10.39%, resulting in a $1000 investment growing to $7,279.14. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

October 07, 2024 | 6:00 pm

BRO

Brown & Brown (NYSE:BRO) has significantly outperformed the market over the past 5 years, with an annualized return of 23.16%. A $100 investment in BRO 5 years ago would now be worth $284.17, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

October 07, 2024 | 6:00 pm

CIEN

IYZ

XTL

Ciena Corporation (NYSE:CIEN) was downgraded by JP Morgan due to concerns over telco spending and margin pressures. The analyst highlighted limited EPS upside and a muted capex growth outlook for U.S. telcos. Ciena's telecom revenues are below pre-pandemic levels, and the company has authorized a share repurchase program starting in 2025. CIEN shares fell 3.93% following the downgrade.

Portfolio Pulse from Lekha Gupta

October 07, 2024 | 5:52 pm

BUL

LULU

VFQY

Analysts are optimistic about Lululemon's international growth, particularly in China, despite mixed trends in the US market. JP Morgan and Goldman Sachs analysts have differing views on the company's short-term prospects, with a focus on the upcoming Shanghai Analyst Meeting.

Portfolio Pulse from Lekha Gupta

October 07, 2024 | 5:48 pm

XYL

Xylem Inc. (NYSE:XYL) is trading at $133.65 with a P/E ratio of 41.19, higher than the Machinery industry's average of 28.81. This suggests potential overvaluation or expected future performance. Investors should consider other metrics alongside the P/E ratio for a comprehensive analysis.

Portfolio Pulse from Benzinga Insights

October 07, 2024 | 5:45 pm

DEO

STZ

Constellation Brands reported mixed results for its latest quarter, with strong beer sales offsetting declines in its wine and spirits business. The company posted a 3% YoY increase in net sales, driven by its beer brands, while wine and spirits sales fell by 12%. Constellation expects beer sales to grow, but wine and spirits to decline further. Diageo, another major player in the spirits market, also reported weak results but remains optimistic about future growth.

Portfolio Pulse from Upwallstreet

October 07, 2024 | 5:41 pm

CWBHF

TLRY

Tilray Brands, Inc. has launched new CBD gummies in Canada in partnership with Charlotte's Web. The gummies are available in select retailers and online, featuring two flavors with 25mg of CBD each. Tilray will release its Q1 financial results on October 10.

Portfolio Pulse from Jelena Martinovic

October 07, 2024 | 5:34 pm

BTBT

NVDA

Bit Digital, Inc. (NASDAQ:BTBT) is a unique Bitcoin miner with operations in AI and Ethereum staking. The company has pioneered a business model called The Bit Digital Flywheel, which synergizes Bitcoin mining and Ethereum staking. Bit Digital also offers AI infrastructure services using Nvidia GPUs. Despite its stock trading below $3, the company has a strong balance sheet with no debt and over $200 million in liquidity.

Portfolio Pulse from David Pinsen

October 07, 2024 | 5:31 pm

ANF

Abercrombie & Fitch (NYSE:ANF) has outperformed the market over the past 10 years with an average annual return of 14.87%, turning a $1000 investment into $4,118.54. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

October 07, 2024 | 5:30 pm

TMO

Thermo Fisher Scientific (NYSE:TMO) has delivered an impressive average annual return of 16.12% over the past 5 years, outperforming the market by 2.11% annually. A $1000 investment in TMO 5 years ago would now be worth $2,133.77, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

October 07, 2024 | 5:30 pm