Streetbeat News

Revenues

AAPL

Apple (NASDAQ:AAPL) has significantly outperformed the market over the past 15 years, with an annualized return of 26.92%. A $100 investment in Apple 15 years ago would be worth $3,601.68 today. This highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

September 04, 2024 | 2:00 pm

SPY

Factory orders for July increased by 5.0%, surpassing the estimated 4.7% and recovering from a prior decline of 3.3%. This indicates a positive shift in manufacturing activity.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 2:00 pm

FIX

Comfort Systems USA (NYSE:FIX) has significantly outperformed the market over the past decade, with an average annual return of 35.82%. A $1000 investment in FIX 10 years ago would be worth $21,097.18 today. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

September 04, 2024 | 2:00 pm

APA

Analysts have mixed ratings for APA Corporation (NASDAQ:APA), with recent evaluations showing a downward trend in price targets. The average 12-month price target is now $39.46, down from $44.08. APA's financials show strong revenue growth and profitability, but high debt levels pose challenges.

Portfolio Pulse from Benzinga Insights

September 04, 2024 | 2:00 pm

SPACEX

TSLA

Elon Musk's dispute with Brazil over the ban of social media platform X could impact his other businesses, including Tesla and SpaceX. The ban has already affected Starlink's operations in Brazil, halting revenue generation. Despite these challenges, investors remain optimistic about Tesla and SpaceX's potential.

Portfolio Pulse from Benzinga Neuro

September 04, 2024 | 1:49 pm

JILL

J.Jill Inc (NYSE:JILL) reported better-than-expected Q2 results with a slight sales decline but beat analyst estimates. However, the company lowered its 2024 guidance due to changing consumer behavior, leading to a 6.13% drop in share price.

Portfolio Pulse from Akanksha Bakshi

September 04, 2024 | 1:42 pm

SPY

The USA Redbook year-over-year growth rate has increased to 6.3% from the previous 5.0%.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 1:28 pm

MULN

Mullen Automotive has begun shipping electric vehicles under a $210 million contract with UAE-based Volt Mobility. The agreement involves the purchase of 3,000 EV cargo vans and trucks over 16 months, with revenue recognition starting in Q1 2024.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 1:16 pm

CRAK

IEO

MPC

Marathon Petroleum's Detroit refinery is facing a strike by half of its workforce due to unresolved pay and safety concerns. This has led to a premarket drop in Marathon Petroleum's stock. The company has been in negotiations with the union for nine months. Despite the strike, Marathon Petroleum has plans to continue operations. The company recently reported strong second-quarter earnings and expects higher refining costs in the third quarter. Investors can gain exposure to Marathon Petroleum through ETFs like iShares U.S. Oil & Gas Exploration & Production ETF and VanEck Oil Refiners ETF.

Portfolio Pulse from Lekha Gupta

September 04, 2024 | 1:14 pm

ASND

RPRX

Ascendis Pharma's stock fell after reporting disappointing Q2 earnings and lowering its fiscal year 2024 sales guidance. The company missed revenue and EPS expectations, with significant sales deductions impacting results. Ascendis also entered a royalty agreement with Royalty Pharma.

Portfolio Pulse from Vandana Singh

September 04, 2024 | 1:09 pm