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CAL

MYLD

XRT

Caleres, Inc. (NYSE:CAL) reported disappointing Q2 results, missing revenue and EPS expectations, and lowered its FY24 outlook. The company faced challenges from a delayed back-to-school season and operational issues with its SAP ERP implementation. Despite a slight increase in Famous Footwear sales, Brand Portfolio sales declined. Caleres plans restructuring actions to save costs and aims to reduce debt by 2026. CAL shares dropped 18.7% following the news.

Portfolio Pulse from Lekha Gupta

September 12, 2024 | 2:40 pm

BABA

Alibaba's Cainiao unit launches next-day delivery in Europe, plans global e-commerce hubs. The move is part of Alibaba's strategy to expand globally and regain market share. Alibaba's stock is down 4% over the past year but shows potential for recovery with its inclusion in the Stock Connect program.

Portfolio Pulse from Anusuya Lahiri

September 12, 2024 | 2:30 pm

NEE

NextEra Energy (NYSE:NEE) has outperformed the market over the past decade, delivering an average annual return of 13.34%. A $1000 investment in NEE 10 years ago would now be worth $3,503.42. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

September 12, 2024 | 2:30 pm

PSTG

Pure Storage (NYSE:PSTG) has outperformed the market over the past 5 years with an average annual return of 22.08%, surpassing the market by 9.03% annually. A $100 investment in PSTG 5 years ago would now be worth $269.43.

Portfolio Pulse from Benzinga Insights

September 12, 2024 | 2:30 pm

MMM

3M's executive announced that the company has returned to pre-pandemic pricing levels and expects continued price momentum into the next year. This was discussed during a conference call.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 2:24 pm

CCL

NCLH

RCL

The cruise industry is experiencing a steady rise in web traffic, indicating growing consumer interest, while other travel sectors like airlines and hotels see declines. Carnival, Royal Caribbean, and Norwegian Cruise Line stocks showed mixed pre-market movements.

Portfolio Pulse from Michael Juliano

September 12, 2024 | 2:21 pm

DAL

Delta Air Lines executive highlights a positive outlook for the airline industry, citing decreasing fuel costs and increasing revenues as key indicators of a favorable market position.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 2:20 pm

KR

Kroger executives have reported that shrink related to theft remains historically high, indicating ongoing challenges in managing inventory losses due to theft.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 2:18 pm

LLY

Eli Lilly & Co. is investing $800 million in its Irish operations to increase production of its obesity drugs, Mounjaro and Zepbound, amid high demand and past shortages. This move is part of a broader strategy to expand production capacity for its weight-loss and diabetes drugs.

Portfolio Pulse from Pooja Rajkumari

September 12, 2024 | 2:05 pm

AAOI

Analysts have provided mixed ratings for Applied Optoelectronics (NASDAQ:AAOI), with a recent positive shift in average price targets. The company's financial performance shows revenue growth but challenges in profitability and asset utilization.

Portfolio Pulse from Benzinga Insights

September 12, 2024 | 2:05 pm