Streetbeat News

Revenues

NXRT

Analysts have provided mixed ratings for NexPoint Residential (NYSE:NXRT) over the past three months, with a range of bullish to indifferent outlooks. The average 12-month price target has increased by 22.5% to $49.0. Despite revenue challenges, the company shows strong profitability and effective asset utilization, though it has a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

October 21, 2024 | 3:00 pm

AAPL

AMZN

GOOGL

IBM

MSFT

NVDA

RSP

Goldman Sachs warns of low long-term returns for the S&P 500 due to high market concentration, predicting only a 3% annual return over the next decade. Mega-cap companies like Apple, Microsoft, Amazon, Nvidia, and Alphabet drive this concentration. The equal-weighted S&P 500 index, tracked by the Invesco S&P 500 Equal Weighted ETF, may outperform the traditional index.

Portfolio Pulse from Piero Cingari

October 21, 2024 | 2:59 pm

BIDU

Baidu Inc (NASDAQ:BIDU) shares fell 2.7% due to China's interest rate cut, which raised concerns about the country's economic outlook. The rate cut, intended to stimulate growth, failed to reassure markets, affecting Baidu and other US-listed Chinese companies. Baidu's reliance on economic growth sectors like digital advertising and cloud computing makes it vulnerable to China's economic slowdown.

Portfolio Pulse from Henry Khederian

October 21, 2024 | 2:49 pm

BAC

CFG

JPM

KRE

XLF

U.S. banks are planning to reduce interest payments on corporate deposits following the Federal Reserve's recent rate cuts. This move aims to maintain profit margins amid declining interest levels. Large banks like JPMorgan and Bank of America are better positioned to handle these changes, while smaller banks face more challenges. The Financial Select Sector SPDR Fund (XLF) and SPDR S&P Regional Banking ETF (KRE) may see different impacts based on these dynamics.

Portfolio Pulse from Piero Cingari

October 21, 2024 | 2:31 pm

WRB

WR Berkley (NYSE:WRB) has outperformed the market over the past 15 years, achieving an average annual return of 15.21%. A $1000 investment in WRB 15 years ago would be worth $8,396.64 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

October 21, 2024 | 2:30 pm

CHE

Chemed (NYSE:CHE) has significantly outperformed the market over the past 20 years, with an average annual return of 16.29%. A $1000 investment in CHE 20 years ago would now be worth $20,748.94, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

October 21, 2024 | 2:30 pm

TXN

Texas Instruments (TXN) is set to release its Q3 earnings report, with expectations of EPS at $1.38 and revenue of $4.12 billion. Investors are keen on the performance of its automotive and industrial sectors, which saw declines last quarter. The company's ability to maintain strong margins and cash flow amidst macroeconomic uncertainties will be closely watched.

Portfolio Pulse from Henry Khederian

October 21, 2024 | 2:30 pm

LUMN

ROAD

VVI

Several US-listed stocks saw significant gains on Monday. Construction Partners, Inc. (NASDAQ:ROAD) rose 11.1% after announcing FY25 revenue above estimates and an acquisition. Viad Corp (NYSE:VVI) climbed 16.5% following a deal to sell its GES business. Lumen Technologies, Inc. (NYSE:LUMN) gained 3.7% due to a partnership with Meta.

Portfolio Pulse from Avi Kapoor

October 21, 2024 | 2:22 pm

LITE

Lumentum Holdings (NASDAQ:LITE) has been evaluated by 12 analysts over the past three months, with ratings ranging from bullish to bearish. The average 12-month price target has increased to $60.67, with a high of $80.00 and a low of $40.00. Analysts have raised their ratings and price targets, reflecting a positive sentiment shift. However, Lumentum faces financial challenges, including a -16.86% revenue decline, negative net margin, and high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

October 21, 2024 | 2:01 pm

WMT

Walmart (NYSE:WMT) has delivered an average annual return of 15.39% over the past 5 years, outperforming the market by 1.26% annually. A $1000 investment in Walmart 5 years ago would now be worth $2,045.09, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

October 21, 2024 | 2:00 pm