Streetbeat News

Revenues

SPY

Federal Reserve Chair Jerome Powell indicated that revisions in the savings rate suggest consumer spending can remain healthy. He is monitoring productivity improvements, though it's too early to determine their sustainability. Powell also noted that the labor market might provide a more accurate real-time economic picture than GDP.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 6:09 pm

SPY

Federal Reserve Chair Jerome Powell stated that revisions in Gross Domestic Income (GDI) and personal income have removed potential downside risks that the Fed was considering. This could influence the Fed's monetary policy decisions.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 6:07 pm

BAC

C

CADE

GS

MTB

PB

RF

USB

WFC

Morgan Stanley anticipates significant gains for certain banks due to recent and potential future Federal Reserve rate cuts. Midcap banks like Prosperity Bancshares and Cadence Bank are expected to benefit from net interest margin expansions. Large-cap banks such as Citigroup, Goldman Sachs, and Bank of America are also poised for gains due to increased capital markets revenues and buybacks.

Portfolio Pulse from Vandana Singh

September 30, 2024 | 6:06 pm

SN

SharkNinja (NYSE:SN) has been analyzed by 5 analysts, showing a range of bullish to bearish sentiments. The average 12-month price target is $105.4, a 19.23% increase from the previous target. Analysts have raised their ratings and price targets, reflecting positive financial performance, including a 31.39% revenue growth rate and strong profitability metrics.

Portfolio Pulse from Benzinga Insights

September 30, 2024 | 6:00 pm

IBM

IBM has been analyzed by 7 financial analysts, showing a range of opinions from bullish to bearish. The average 12-month price target for IBM has increased by 9.44% to $208.71. Analysts have raised their price targets, reflecting positive sentiment. IBM's financials show strong revenue growth, net margin, ROE, and ROA, but a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

September 30, 2024 | 6:00 pm

STR

Analysts have mixed ratings for Sitio Royalties (NYSE:STR), with a recent trend of lowering price targets. The average 12-month price target is now $29.6, down from $30.25. Despite positive revenue growth, Sitio faces challenges with profitability and returns.

Portfolio Pulse from Benzinga Insights

September 30, 2024 | 6:00 pm

NRG

NRG Energy (NYSE:NRG) has outperformed the market over the past 5 years, achieving an average annual return of 18.46%. A $1000 investment in NRG 5 years ago would now be worth $2,362.91. The article highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

September 30, 2024 | 6:00 pm

OVV

Ovintiv (NYSE:OVV) has received mixed analyst ratings over the past three months, with a recent trend of lowered price targets. The average 12-month price target is now $55.92, down from $59.69. Ovintiv's financials show a decline in revenue but strong net margin, ROE, and ROA. However, the company faces challenges with a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

September 30, 2024 | 6:00 pm

HOLX

Hologic (NASDAQ:HOLX) has significantly outperformed the market over the past 20 years, achieving an average annual return of 14.96%. A $100 investment in HOLX 20 years ago would now be worth $1,619.80, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

September 30, 2024 | 6:00 pm

VLTO

Analysts have provided a range of opinions on Veralto (NYSE:VLTO), with recent ratings showing a mix of bullish and neutral sentiments. The average 12-month price target has increased by 8.72% to $112.11. Veralto's financials show strong net margins and ROE, but its revenue growth lags behind industry peers.

Portfolio Pulse from Benzinga Insights

September 30, 2024 | 6:00 pm