Streetbeat News

Revenues

STLA

FCA US LLC reported a 20% year-over-year decrease in Q3 2024 U.S. sales, totaling 305,294 vehicles. Despite the decline, the company's market share increased from 7.2% in July to 8% in September, and inventory was reduced by 50K units. Incentives will continue across brands like Chrysler, Dodge, FIAT, Jeep, and Ram.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 1:13 pm

MULN

Mullen Automotive anticipates a Q3 2024 revenue of $4.5 million and plans to reduce cash burn through 2025, aiming for cash breakeven by December 2025.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 1:12 pm

FTDS

REGL

RPM

RPM International Inc (NYSE:RPM) reported a decline in sales but beat EPS expectations, leading to a rise in share price. Despite global headwinds, the company showed strong cash flow and liquidity. RPM expects flat sales in Q2 but anticipates EBIT growth. Investors can access RPM through ETFs like REGL and FTDS.

Portfolio Pulse from Lekha Gupta

October 02, 2024 | 1:10 pm

LLY

NVO

Eli Lilly is investing $4.5 billion in a new Medicine Foundry in Indiana to advance drug manufacturing and development. This facility aims to combine research and manufacturing, adding to Lilly's significant investments in the U.S. and positioning it to outpace competitors like Novo Nordisk.

Portfolio Pulse from Vandana Singh

October 02, 2024 | 1:06 pm

NKLA

Nikola Corp's stock rose as the company announced it wholesaled 88 hydrogen fuel cell electric trucks in Q3, surpassing its guidance. This marks a record sales quarter for Nikola, which has sold 235 trucks since Q4 2023. The company is yet to finalize its Q3 financials, with analysts expecting a loss.

Portfolio Pulse from Adam Eckert

October 02, 2024 | 1:03 pm

NKLA

Nikola shares are trading higher following the announcement of selling 88 hydrogen-powered Class 8 trucks to North American customers in Q3.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 1:02 pm

IREN

Iris Energy (NASDAQ:IREN), a Bitcoin mining company, has been evaluated by 15 analysts over the past three months. The majority of analysts are bullish, with an average 12-month price target of $16.27. Recent analyst actions include both maintaining and lowering price targets, reflecting dynamic market conditions. Iris Energy has shown significant revenue growth and maintains a strong financial position with a low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

October 02, 2024 | 1:01 pm

HRMY

Harmony Biosciences (NASDAQ:HRMY) has been analyzed by 6 analysts, showing a range of perspectives from bullish to bearish. The average 12-month price target is $52.67, with a high of $56.00 and a low of $52.00. The company has shown strong revenue growth and profitability, but its ROE is below industry benchmarks.

Portfolio Pulse from Benzinga Insights

October 02, 2024 | 1:01 pm

PAYX

In the past three months, analysts have shown varied sentiments towards Paychex (NASDAQ:PAYX), with most ratings being indifferent. The average 12-month price target has increased by 9.57% to $132.8. Analysts from firms like Morgan Stanley and Citigroup have raised their price targets, reflecting a positive outlook. Paychex's financials show strong revenue growth, net margin, and return on equity, indicating robust financial health.

Portfolio Pulse from Benzinga Insights

October 02, 2024 | 1:01 pm

ZIM

In the past three months, six analysts have provided ratings for ZIM Integrated Shipping (NYSE:ZIM), with a mix of bullish and bearish perspectives. The average 12-month price target is $18.53, slightly down from the previous $18.74. Analysts have adjusted their ratings and price targets, reflecting their views on ZIM's market performance. ZIM has shown strong revenue growth but faces challenges with net margin and debt management.

Portfolio Pulse from Benzinga Insights

October 02, 2024 | 1:00 pm