Streetbeat News

Revenues

SPY

Despite a stronger-than-expected September CPI report, the market narrative of disinflation and potential interest rate cuts in November remains unchanged. The CPI rose by 2.4% year-over-year, slightly above expectations, while core inflation ticked up to 3.3%. The labor market saw a rise in jobless claims, attributed to temporary disruptions. Fed's Goolsbee downplayed the inflation uptick, emphasizing the broader trend of disinflation. Economists have mixed reactions, with some highlighting temporary factors affecting data. The S&P 500 index, tracked by SPDR S&P 500 ETF Trust (SPY), traded flat.

Portfolio Pulse from Piero Cingari

October 10, 2024 | 5:26 pm

ARKF

ARKW

ROKU

JP Morgan analyst Cory A Carpenter has raised estimates for Roku, Inc. due to strong ad trends and political spending, increasing the price target to $92 with an Overweight rating. The analyst expects strong Platform results and anticipates Roku to benefit from the shift to streaming. Investors can gain exposure through ARK ETFs.

Portfolio Pulse from Lekha Gupta

October 10, 2024 | 5:21 pm

SPCE

Virgin Galactic Holdings (NYSE:SPCE) has received mixed analyst ratings over the past three months, with a shift towards more bearish sentiments. Analysts have lowered their price targets, with an average target of $23.8, down 34.25%. The company has shown significant revenue growth but struggles with profitability and debt management.

Portfolio Pulse from Benzinga Insights

October 10, 2024 | 5:01 pm

CELH

Celsius Holdings (NASDAQ:CELH) has significantly outperformed the market over the past decade, with an average annual return of 70.42%. A $1000 investment in CELH 10 years ago would be worth approximately $187,889.25 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

October 10, 2024 | 5:01 pm

HON

Honeywell Intl (NASDAQ:HON) has outperformed the market over the past 20 years with an average annual return of 9.65%, resulting in a $1000 investment growing to $6,456.51. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

October 10, 2024 | 5:01 pm

TEAM

Analysts' ratings for Atlassian (NASDAQ:TEAM) show a mix of bullish and bearish sentiments, with a recent average price target of $208.08, down from $225.91. The company has notable revenue growth but faces challenges in profitability and financial leverage.

Portfolio Pulse from Benzinga Insights

October 10, 2024 | 5:01 pm

NOV

Analysts have varied ratings for NOV (NYSE:NOV), with recent adjustments mostly lowering price targets. The average 12-month price target decreased by 5.26% to $21.6. NOV's financials show a 5.88% revenue growth, a strong net margin of 10.2%, but a low ROE of 3.58%.

Portfolio Pulse from Benzinga Insights

October 10, 2024 | 5:01 pm

PLD

Analysts have varied opinions on Prologis (NYSE:PLD), with recent ratings showing a mix of bullish and indifferent sentiments. The average 12-month price target has increased to $132.75. Prologis faces a negative revenue trend but maintains strong profitability and financial management.

Portfolio Pulse from Benzinga Insights

October 10, 2024 | 5:01 pm

AKA

Analysts have provided mixed evaluations of a.k.a. Brands Holding (NYSE:AKA) over the past three months, with ratings ranging from bullish to indifferent. The average 12-month price target has slightly decreased to $23.0. The company has shown positive revenue growth but faces challenges in profitability and returns.

Portfolio Pulse from Benzinga Insights

October 10, 2024 | 5:00 pm

BANC

Banc of California (NYSE:BANC) has been evaluated by 11 analysts over the past three months, with most ratings being indifferent. The average 12-month price target has increased by 6.56% to $15.27. Analysts have adjusted their ratings and price targets, reflecting a generally positive outlook. Despite strong revenue growth and net margin, the company faces challenges with ROE, ROA, and a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

October 10, 2024 | 5:00 pm