Streetbeat News

Revenues

PNC

PNC Financial Services Group anticipates a 5%-7% decrease in adjusted fee income for the fourth quarter compared to the third quarter.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 3:54 pm

LVMUY

LVMH reported a 6% organic growth for the first nine months of the year, with total revenue of €60.8 billion. However, Q3 revenue fell short of expectations at €19.08 billion compared to the estimated €20.33 billion. The fashion and leather goods segment also underperformed, with revenue of €9.15 billion versus the expected €9.82 billion.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 3:50 pm

TGT

UMGNF

Taylor Swift is launching exclusive merchandise at Target for Black Friday, potentially boosting Target's Q4 sales. The release includes 'The Official Eras Tour Book' and 'The Tortured Poets Department: The Anthology' on CD and vinyl. Target's stock has already seen a positive movement.

Portfolio Pulse from Chris Katje

October 15, 2024 | 3:49 pm

CXXIF

C21 Investments, led by CEO Sonny Newman, has achieved significant financial milestones, including paying off $30M in senior debt and expanding its cultivation facilities without issuing new shares. The company dominates the Nevada cannabis market with its Silver State dispensaries, outperforming state averages in sales and profitability.

Portfolio Pulse from Todd Harrison

October 15, 2024 | 3:36 pm

COKE

Coca-Cola Consolidated (NASDAQ:COKE) has significantly outperformed the market over the past 20 years, with an annualized return of 17.35%. A $1000 investment in COKE 20 years ago would be worth $24,506.92 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

October 15, 2024 | 3:30 pm

PODD

Insulet (NASDAQ:PODD) has significantly outperformed the market over the past decade, with an annualized return of 19.64%. A $100 investment in PODD 10 years ago would now be worth $619.45. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

October 15, 2024 | 3:30 pm

GME

GameStop Corp (NYSE:GME) announced a collaboration with Professional Sports Authenticator (PSA) to offer trading card grading services at select stores. This move is part of GameStop's strategy to diversify as it faces challenges in the digital gaming market. Despite recent financial struggles, GameStop reported a surprise profit last quarter.

Portfolio Pulse from Adam Eckert

October 15, 2024 | 3:25 pm

MVIS

MicroVision shares declined after the company reported preliminary Q3 revenue results that were lower than expected.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 3:19 pm

LPX

Over the past three months, analysts have shown varied opinions on Louisiana-Pacific (NYSE:LPX), with recent ratings indicating a more bullish sentiment. The average 12-month price target has increased by 5.92% to $98.33. Analysts have adjusted their ratings and price targets, reflecting positive market conditions and company performance. Louisiana-Pacific has demonstrated strong financial metrics, including a 33.22% revenue growth rate and a net margin of 19.66%.

Portfolio Pulse from Benzinga Insights

October 15, 2024 | 3:01 pm

JD

Analysts have mixed ratings for JD.com, with a recent decrease in the average price target by 4.04%. The company's financial metrics show strong profitability and effective cost management, but its revenue growth lags behind industry peers.

Portfolio Pulse from Benzinga Insights

October 15, 2024 | 3:01 pm