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Revenues

BCE

BCE Inc. has agreed to sell its stake in Maple Leaf Sports and Entertainment to Rogers Communications for CAD$4.7 billion. The deal includes a long-term content rights agreement for TSN, ensuring its position as a leading sports broadcaster in Canada. BCE plans to use the proceeds to reduce debt and support its transformation strategy.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 12:51 pm

SPY

The Federal Reserve is expected to announce a rate cut, with investor sentiment leaning towards a 50-basis-point reduction. However, Wall Street analysts favor a smaller cut due to potential risks of overheating the economy. Veteran investor Ed Yardeni warns that aggressive rate cuts could lead to rapid GDP growth and inflation, potentially causing a stock market surge. The SPDR S&P 500 ETF Trust (SPY) recently hit record highs ahead of the Fed's decision.

Portfolio Pulse from Piero Cingari

September 18, 2024 | 12:45 pm

OESX

Orion Energy Systems shares are rising following the announcement of over $2 million in project awards from an automotive OEM customer.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 12:40 pm

FEMY

Femasys is expanding its reach by onboarding infertility medical clinic customers in California and Florida to offer its Femaseed infertility treatment. This move could potentially increase the company's market presence and revenue.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 12:37 pm

SPY

The Building Permits for August increased by 4.9% month-over-month, indicating a potential rise in construction activity and economic growth.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 12:30 pm

SPY

The USA Housing Starts for August increased by 9.6%, a significant improvement from the previous month's decline of 6.9%. This data suggests a rebound in the housing market, which could positively impact related sectors and ETFs like SPY.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 12:30 pm

SPY

The USA housing starts for August were reported at 1.356 million, surpassing the estimated 1.310 million and the previous month's 1.237 million. This indicates a stronger-than-expected performance in the housing sector.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 12:30 pm

SPY

The number of building permits issued in August was 1.475 million, surpassing the estimated 1.41 million. This indicates a stronger-than-expected performance in the housing sector.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 12:30 pm

OESX

Orion Energy Systems has secured over $2 million in LED lighting retrofit projects from a leading U.S. automotive OEM. The projects include installation and commissioning across multiple manufacturing facilities.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 12:27 pm

GIS

General Mills reported mixed Q1 results with earnings slightly beating expectations but sales declining. The company is focusing on a 2025 rebound, including selling its North American Yogurt business for $2.1 billion. Shares are trading slightly lower.

Portfolio Pulse from Nabaparna Bhattacharya

September 18, 2024 | 12:20 pm