Streetbeat News

Stock Prices

ROST

Ross Stores has reiterated its prior sales guidance for Q4, emphasizing the need for a cautious approach in forecasting business due to the current market environment.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 9:05 pm

ROST

Ross Stores reported Q3 earnings of $1.33 per share, a 33% increase from $1.00 last year. Sales reached $4.92B, surpassing the $4.82B estimate and marking a 7.87% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 9:03 pm

AMAT

Applied Materials (AMAT) forecasts Q1 adjusted EPS of $1.72-$2.08, surpassing the estimated $1.69. Net sales are projected to be $6.07B-$6.87B, also exceeding the $5.86B estimate.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 9:03 pm

YUM

Over the past 15 years, Yum Brands (NYSE:YUM) has produced an average annual return of 14.21%, outperforming the market. A $100 investment in YUM 15 years ago would be worth $798.72 today. Yum Brands currently has a market cap of $35.49 billion.

Portfolio Pulse from Benzinga Insights

November 16, 2023 | 9:00 pm

APH

Over the past 5 years, Amphenol (NYSE:APH) has outperformed the market with an average annual return of 16.3%, turning a $1000 investment into $2,078.69 today. Amphenol currently has a market cap of $53.27 billion.

Portfolio Pulse from Benzinga Insights

November 16, 2023 | 9:00 pm

HIMX

Himax Technologies, Inc. (NASDAQ:HIMX) shares rose after reporting Q3 earnings that exceeded analyst estimates. Earnings per share were six cents, surpassing the expected four cents, despite being lower than the previous year's 17 cents. Sales also beat estimates, coming in at $238.50 million against the anticipated $229.38 million. The positive earnings report and the announcement of attending the UBS Global Technology Conference have contributed to the stock's upward trend.

Portfolio Pulse from Ryan Gustafson

November 16, 2023 | 8:50 pm

FMX

Over the past 20 years, Fomento Economico (NYSE:FMX) has produced an average annual return of 12.74%, outperforming the market. A $100 investment in FMX 20 years ago would be worth $1,106.41 today. The company's current market capitalization is $226.32 billion.

Portfolio Pulse from Benzinga Insights

November 16, 2023 | 8:30 pm

MSCI

Over the past 5 years, MSCI (NYSE:MSCI) has produced an average annual return of 29.49%, outperforming the market by 18.27% on an annualized basis. A $100 investment in MSCI five years ago would now be worth $361.12. MSCI's current market capitalization stands at $41.57 billion.

Portfolio Pulse from Benzinga Insights

November 16, 2023 | 8:30 pm

BATRA

BATRK

BRK

Warren Buffett's Berkshire Hathaway Inc. disclosed a new position in Atlanta Braves Holdings Inc, owning 223,645 shares valued at around $8 million. The stake was acquired through a distribution to shareholders of Liberty Formula One Group, an existing Berkshire portfolio company. The Braves, a publicly traded MLB team, have a strong performance record and are favorites to win the 2024 World Series. Buffett, a baseball fan, has previously owned a stake in the Omaha Storm Chasers and has been interested in other MLB teams.

Portfolio Pulse from Chris Katje

November 16, 2023 | 8:27 pm

BZH

HD

RDFN

The housing market is showing slight signs of recovery, with top-income earners buying homes and sellers offering concessions. Redfin Corp reports an increase in mortgage applications by 2.5% this week. High-income buyers are active, with the average income of homebuyers at $107,000. Despite a pause in Fed rate hikes, high mortgage rates persist, affecting the housing market. Beazer Homes USA is set to release earnings with high expectations after a 30% stock increase in the past month. Home Depot reported strong earnings, boosting construction and home builder stocks.

Portfolio Pulse from Natan Ponieman

November 16, 2023 | 8:16 pm