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Revenues

LUX

LVMUY

RACE

The luxury market is at a critical turning point, with high-end brands like Hermès and Ferrari expected to outperform, while aspirational brands like LVMH and Burberry face challenges. Tema Luxury ETF is positioned cautiously, holding cash for potential dip-buying opportunities.

Portfolio Pulse from Piero Cingari

October 19, 2024 | 4:00 pm

HOOD

DealMaker, a Toronto-based e-commerce platform, enables companies to raise capital online efficiently. CEO Rebecca Kacaba highlighted its streamlined technology and low failed payment rate. The platform allows investments in companies before they go public, with an average investment of $3,600.

Portfolio Pulse from Erica Kollmann

October 19, 2024 | 2:00 pm

TSLA

Gene Munster from Deepwater Asset Management discussed Tesla's autonomous vehicle plans, highlighting potential cost savings and market impact. He revised his timeline for full autonomy, suggesting it will take longer than expected. Tesla's Robotaxi fleet could significantly contribute to its income by 2030.

Portfolio Pulse from Ananya Gairola

October 19, 2024 | 6:32 am

ERJ

Embraer delivered 57 aircraft in Q3 2024, a 33% increase from the previous year, and reached a $22.7 billion backlog, the highest in 9 years. The Defense & Security backlog soared by almost 70%.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 10:50 pm

NSRGY

Procter & Gamble (P&G) reported a 1% drop in net sales for its fiscal 2025 first quarter, missing sales and net income estimates but exceeding adjusted profit estimates. Organic revenue grew 2% due to higher prices, but volume remained flat. P&G's volume grew in the U.S. but declined in China, particularly in hair and oral care. The company reiterated its fiscal 2025 guidance but faces challenges in both the U.S. and Chinese markets. Nestle also reported weak demand and adjusted its corporate structure.

Portfolio Pulse from Upwallstreet

October 18, 2024 | 9:54 pm

WBS

In the past three months, 8 analysts have rated Webster Financial Corp (NYSE:WBS), with a mix of somewhat bullish and indifferent ratings. The average 12-month price target has increased by 4.29% to $57.62. Analysts have adjusted their ratings and price targets, reflecting their response to recent developments. Webster Financial has shown a revenue growth rate of 7.97%, but faces challenges with net margin, ROE, and ROA being below industry averages.

Portfolio Pulse from Benzinga Insights

October 18, 2024 | 9:01 pm

PMAX

Powell Max (NASDAQ:PMAX) reported quarterly earnings of $0.01 per share and $2.91 million in sales for H1 2024.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 8:27 pm

FRAF

Farmers and Merchants Trust, a unit of Franklin Financial Services, has completed a portfolio shift and expects to recover a $3.4 million after-tax loss in approximately 2.3 years, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 8:11 pm

AAPL

GLD

IBIT

NFLX

This week, Wall Street reached record highs due to strong bank earnings and positive economic indicators. Oil prices fell below $70, while gold hit an all-time high. Netflix exceeded earnings expectations, and Apple's iPhone 16 saw a sales boost in China. BlackRock's Bitcoin ETF saw significant inflows.

Portfolio Pulse from Piero Cingari

October 18, 2024 | 8:05 pm

BABA

FXI

GLD

NFLX

SPY

The S&P 500 closed higher, driven by strong performance in Netflix and a rise in Chinese stocks due to positive economic data. Gold prices also surged.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 8:04 pm