Streetbeat News

Revenues

PTON

Peloton is reassessing its capital allocation strategy with a focus on deleveraging. The company estimates the at-home treadmill market to be more than twice the size of the stationary bike market.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 5:25 pm

BA

EADSY

GCAD

ITA

Boeing's shares are down following news of production delays for the 737 MAX, which were anticipated by analysts. Despite delivering more jets in August compared to last year, Boeing informed suppliers of a six-month delay in reaching a key production milestone. Analysts suggest this delay could strain suppliers. Meanwhile, Airbus plans to launch a new aircraft program by the end of the decade, potentially impacting Boeing's strategy.

Portfolio Pulse from Lekha Gupta

September 11, 2024 | 5:15 pm

RIG

Transocean's shares are rising following a $232 million contract with BP for the Deepwater Atlas in the U.S. Gulf of Mexico.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 5:08 pm

KDP

Keurig Dr Pepper (NASDAQ:KDP) has delivered an average annual return of 13.68% over the past 10 years, outperforming the market by 3.13% annually. A $1000 investment in KDP a decade ago would now be worth $3,662.29, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

September 11, 2024 | 5:00 pm

MCK

McKesson (NYSE:MCK) has significantly outperformed the market over the past 20 years, with an average annual return of 15.73%. A $1000 investment in MCK 20 years ago would be worth $18,461.59 today. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

September 11, 2024 | 5:00 pm

RTX

RTX CEO announced $8 billion in bookings for Raytheon in Q3 and stated there are no plans for transformative mergers and acquisitions like the UTC deal. The company is open to divesting non-core businesses to focus on its portfolio.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 4:37 pm

AMD

Advanced Micro Devices (AMD) has significantly outperformed the market over the past decade, with an annualized return of 43.77%. A $100 investment in AMD 10 years ago would now be worth $3,675.61, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

September 11, 2024 | 4:30 pm

EOG

EOG Resources has outperformed the market over the past 20 years with an average annual return of 10.54%, resulting in a $1000 investment growing to $7,404.84. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

September 11, 2024 | 4:30 pm

T

AT&T's stock declined by 1.9% to $21.30 due to rising U.S. Treasury yields following an unexpected increase in core inflation. This rise in yields could increase AT&T's borrowing costs, impacting its financial performance due to its high debt load.

Portfolio Pulse from Henry Khederian

September 11, 2024 | 4:27 pm

PGR

Progressive (NYSE:PGR) has significantly outperformed the market over the past decade, with an annualized return of 25.59%. A $1000 investment in PGR 10 years ago would now be worth $9,779.50. This highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

September 11, 2024 | 4:00 pm