Streetbeat News

Revenues

DAL

Delta Air Lines projects its FY24 EPS to be at or above the midpoint of its guidance range of $6-$7. Additionally, the airline anticipates a 4% year-over-year increase in Available Seat Miles (ASMs) for the September quarter.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 1:04 pm

LKQ

Analysts have mixed ratings for LKQ Corporation, with a recent average price target of $58.0, slightly down from $58.60. The company shows strong financial performance with notable revenue growth and profitability, but has a higher debt-to-equity ratio than industry averages.

Portfolio Pulse from Benzinga Insights

September 12, 2024 | 1:01 pm

RJF

Raymond James Financial (NYSE:RJF) has been evaluated by five analysts over the past three months, with ratings ranging from somewhat bullish to indifferent. The average 12-month price target has increased slightly to $132.8. Analysts have adjusted their ratings and price targets based on recent developments, reflecting a mixed sentiment towards the company's performance. Despite positive revenue growth, RJF faces challenges with lower-than-average ROE and ROA compared to industry peers.

Portfolio Pulse from Benzinga Insights

September 12, 2024 | 1:00 pm

CHPT

RIO

SCCO

TECK

JPMorgan analyst Patrick Jones predicts a significant copper deficit by 2030, driven by increased demand from electric vehicles and renewable energy. Despite potential substitution with other materials, the deficit is expected to persist. Key mining companies like Teck Resources and Rio Tinto are poised to benefit, while electrification plays like ChargePoint Holdings could also see gains.

Portfolio Pulse from Surbhi Jain

September 12, 2024 | 12:42 pm

AAWH

GRUSF

RWB

TSNDF

Michigan's cannabis sales reached a record $295.4 million in August, with recreational sales dominating. The state's cannabis industry hit a $3.06 billion milestone in 2023, with projections of $3.32 billion for 2024. Companies like Ascend Wellness, Grown Rogue, TerrAscend, and Red White & Bloom are key players in this market.

Portfolio Pulse from Jelena Martinovic

September 12, 2024 | 12:37 pm

KOPN

Kopin Corporation has received a second production order for its CR3 wearable surgical monitor from HMDmd, Inc. The CR3 is a high-performance head-mounted display compatible with various surgical systems.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 12:37 pm

AMPG

AmpliTech Group's AGTGSS division has received a $50,000 initial order from the University of Edinburgh for midband 5G radio networks. This order marks a significant step for AmpliTech in expanding its presence in the 5G market.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 12:34 pm

RDEI

RDE Inc. has announced significant milestones for its CardCash B2B platform in 2024, including a 10% monthly customer growth, over $3 million in program savings, and 1,000 additional orders per month. The platform will also expand its brand diversity to over 500 retail brands.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 12:33 pm

SPY

The USA Producer Price Index (PPI) for August increased by 1.7% year-over-year, which is slightly below the estimated 1.8% and lower than the previous month's 2.1%. This indicates a slower pace of inflation in producer prices.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 12:30 pm

DOYU

DouYu International Holdings Limited (NASDAQ: DOYU) reported a significant revenue decline of 25.9% in Q2, missing analyst estimates. Livestreaming revenues fell by 37.2%, while innovative business revenues rose by 80.7%. The company declared a special cash dividend and saw a decrease in mobile MAUs and paying users.

Portfolio Pulse from Anusuya Lahiri

September 12, 2024 | 12:28 pm