Streetbeat News

Revenues

AVGO

The article provides a comprehensive comparison of Broadcom (NASDAQ:AVGO) with its competitors in the Semiconductors & Semiconductor Equipment industry. Broadcom shows high valuation ratios (P/E, P/B, P/S) compared to industry averages, indicating potential overvaluation. Despite strong revenue growth, Broadcom faces challenges with lower ROE, EBITDA, and gross profit compared to peers, and a higher debt-to-equity ratio, suggesting financial risk.

Portfolio Pulse from Benzinga Insights

August 21, 2024 | 3:00 pm

IWM

QQQ

SPY

UUP

The U.S. economy saw a significant downward revision of 818,000 non-farm payrolls from April 2023 to March 2024, indicating a weaker labor market than expected. This has increased expectations for interest rate cuts, leading to a rally in stocks and a weakening of the U.S. Dollar Index.

Portfolio Pulse from Piero Cingari

August 21, 2024 | 2:59 pm

GDS

GDS Holdings Ltd (NASDAQ:GDS) shares surged after reporting Q2 FY24 results. Despite missing revenue expectations, the company showed growth in data center operations and improved financial metrics. GDS reaffirmed its 2024 guidance, contributing to a 37% stock gain over five days.

Portfolio Pulse from Lekha Gupta

August 21, 2024 | 2:31 pm

AME

AMETEK (NYSE:AME) has significantly outperformed the market over the past 20 years, achieving an average annual return of 15.97%. A $100 investment in AMETEK 20 years ago would now be worth $1,920.85, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

August 21, 2024 | 2:30 pm

MSTR

MicroStrategy (NASDAQ:MSTR) has significantly outperformed the market over the past decade, with an annualized return of 25.6%. A $1000 investment in MSTR 10 years ago would now be worth $10,036.06. This highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

August 21, 2024 | 2:30 pm

COSM

Cosmos Health has secured exclusive distribution rights for Mpox virus PCR detection kits in Greece and Cyprus, and non-exclusive rights across Europe. This strategic move could enhance their market presence and revenue potential in the healthcare sector.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 2:25 pm

TCNNF

The battle over Florida's cannabis legalization initiative, Amendment 3, is heating up. The pro-cannabis campaign, led by Smart and Safe Florida, has raised $71.8 million, largely from Trulieve, while opposition PACs have raised $14.5 million, bolstered by Ken Griffin's $12 million donation. Polls show mixed support for the amendment.

Portfolio Pulse from Maureen Meehan

August 21, 2024 | 2:23 pm

VVX

V2X shares surged following the announcement of a significant U.S. Army task order worth $3.7 billion over five years.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 2:20 pm

TGT

ULTA

Ulta Beauty shares are experiencing an uptick following Target's positive Q2 financial results. Target's partnership with Ulta Beauty, offering its products both online and in physical stores, is likely contributing to this positive movement.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 2:14 pm

JD

TGT

WMT

Walmart shares are trading higher following Target's strong Q2 results, which exceeded expectations and led to an increased profit outlook. Walmart is also divesting its stake in JD.com to focus on its operations in China, aiming to raise $3.74 billion.

Portfolio Pulse from Nabaparna Bhattacharya

August 21, 2024 | 2:08 pm