Streetbeat News

Revenues

CVS

ELV

UNH

Elevance Health, CVS Health, and UnitedHealth Group are facing increased medical costs due to the end of a COVID-19 policy that maintained continuous Medicaid enrollment. This has led to lowered profit forecasts and earnings outlooks for these companies.

Portfolio Pulse from Erica Kollmann

October 18, 2024 | 4:09 pm

ACLX

Arcellx (NASDAQ:ACLX) has received positive analyst evaluations over the past three months, with all four analysts rating it as 'Buy'. The average 12-month price target has increased by 20.66% to $100.75. Arcellx, a clinical-stage biotech company, has shown impressive revenue growth but faces challenges with ROE and ROA.

Portfolio Pulse from Benzinga Insights

October 18, 2024 | 4:01 pm

LYFT

Lyft (NASDAQ:LYFT) has been analyzed by 22 analysts, showing a range of sentiments from bullish to bearish. The average 12-month price target has decreased by 23.01% to $13.55. Analysts have mostly lowered their ratings and price targets, indicating a negative shift in sentiment. Despite this, Lyft has shown strong financial performance with a 40.64% revenue growth rate, a net margin of 0.35%, and a return on equity of 0.94%.

Portfolio Pulse from Benzinga Insights

October 18, 2024 | 4:00 pm

CCI

Crown Castle (NYSE:CCI) has delivered an average annual return of 10.45% over the past 20 years, outperforming the market by 1.82% annually. A $100 investment in CCI 20 years ago would be worth $749.13 today, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

October 18, 2024 | 4:00 pm

JPM

JPMorgan Chase (NYSE:JPM) has delivered an average annual return of 14.53% over the past 10 years, outperforming the market by 2.93% annually. A $100 investment in JPM 10 years ago would now be worth $392.38, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

October 18, 2024 | 4:00 pm

BABA

BIDU

FXI

KWEB

MCHI

Chinese tech stocks Alibaba, JD.com, and Baidu rose due to strong GDP growth in China, boosting U.S.-listed Chinese stocks and ETFs. The People's Bank of China's support program for share buybacks also lifted market sentiment. Alibaba and JD.com benefit from increased retail sales, while Baidu gains from economic growth and rising industrial activity.

Portfolio Pulse from Henry Khederian

October 18, 2024 | 3:36 pm

TRV

Travelers Companies (NYSE:TRV) has outperformed the market over the past 20 years with an average annual return of 10.95%, surpassing the market by 2.32% annually. A $1000 investment in TRV 20 years ago would be worth $8,520.91 today.

Portfolio Pulse from Benzinga Insights

October 18, 2024 | 3:34 pm

AMZN

DELL

IVW

NVDA

TSM

XLK

Nvidia's Blackwell chips face production delays, impacting key clients like Amazon's AWS and Dell. Despite this, Nvidia's CEO reassures that demand remains strong, with expectations of significant revenue. Amazon's partnership with Databricks challenges Nvidia's market position. Nvidia's stock has surged over 227% in the past year.

Portfolio Pulse from Anusuya Lahiri

October 18, 2024 | 3:30 pm

UAL

United Airlines (UAL) shares reached a new 52-week high following a strong Q3 earnings report. The company exceeded revenue and earnings expectations, showing fiscal strength with strong cash flow and liquidity. Despite a slight decrease in TRASM, UAL's strategic initiatives and a new share repurchase program signal confidence in its financial trajectory. However, a slight pullback in Q4 earnings expectations is noted.

Portfolio Pulse from Henry Khederian

October 18, 2024 | 3:25 pm

BAC

Bank of America (BAC) reported a strong Q3 fiscal 2024 net income of $6.9 billion, surpassing analyst expectations. Despite a 12% decline in net income year-on-year due to higher loan loss provisions and operational expenses, the bank saw modest revenue growth. Gains in trading revenue, asset management, and investment banking fees offset a decrease in net interest income. BAC anticipates a positive impact from the Federal Reserve's recent rate cut.

Portfolio Pulse from Henry Khederian

October 18, 2024 | 3:12 pm