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CNQ

Canadian Natural Resources (NYSE:CNQ) has outperformed the market over the past 5 years, delivering an average annual return of 22.88%. A $1000 investment in CNQ 5 years ago would be worth $2,839.31 today. The article highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

August 08, 2024 | 2:00 pm

SPY

USA Wholesale Inventories for June increased by 0.2%, matching both the estimate and the prior month's increase.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 2:00 pm

ISRG

Intuitive Surgical (NASDAQ:ISRG) has significantly outperformed the market over the past 10 years, delivering an average annual return of 24.53%. A $1000 investment in ISRG 10 years ago would be worth $9,045.45 today. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

August 08, 2024 | 2:00 pm

NVS

The FDA has granted accelerated approval to Novartis AG's (NYSE:NVS) Fabhalta for the treatment of proteinuria in adults with primary immunoglobulin A nephropathy (IgAN). This approval is based on interim results from the Phase 3 APPLAUSE-IgAN study, showing a significant reduction in proteinuria. Continued approval will depend on further clinical benefit verification. Novartis is also developing two additional IgAN therapies.

Portfolio Pulse from Vandana Singh

August 08, 2024 | 1:52 pm

DIS

FSLY

INTC

MODG

TXT

Top Wall Street analysts downgraded several major stocks, including The Walt Disney Company (DIS), Textron Inc. (TXT), Fastly, Inc. (FSLY), Intel Corporation (INTC), and Topgolf Callaway Brands Corp. (MODG). These downgrades led to notable declines in their share prices.

Portfolio Pulse from Avi Kapoor

August 08, 2024 | 1:51 pm

FOUR

Shift4 Payments (NYSE:FOUR) reported a 30% year-on-year revenue increase for Q2 2024, reaching $827 million, though it missed the analyst consensus of $857.23 million. The company's adjusted EPS of 96 cents beat the consensus estimate of 86 cents. Payments-based revenue and subscription revenue saw significant growth, and the stock gained 7.62% following the earnings report.

Portfolio Pulse from Anusuya Lahiri

August 08, 2024 | 1:50 pm

PH

Parker-Hannifin Corp (NYSE:PH) reported strong Q4 2024 results with a 2% sales growth and a 3% organic growth, beating consensus estimates. The Aerospace Systems segment showed a 19.2% increase in sales. The company provided an optimistic outlook for 2025, expecting sales growth of 1.5%-4.5% and adjusted EPS of $26.30-$27.00. PH shares surged 9.44% following the announcement.

Portfolio Pulse from Akanksha Bakshi

August 08, 2024 | 1:48 pm

ERJ

Embraer (NYSE:ERJ) reported Q2 2024 adjusted EPS of $0.438, beating the $0.27 estimate. Sales were $1.49 billion, surpassing the $1.43 billion estimate and marking a 15.63% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 1:43 pm

AAPL

AMD

AMZN

ARM

GOOG

META

MSFT

NVDA

QCOM

QQQ

SPY

TSLA

Meta Platforms Inc. (META) has successfully monetized AI, reporting strong earnings with a 22% increase in revenues and a 73% increase in earnings. In contrast, Microsoft Corp. (MSFT) and Alphabet Inc. (GOOG) are struggling to monetize AI. Nvidia Corp. (NVDA) benefits significantly from AI spending, adding over $300B in market cap in one day. Advanced Micro Devices, Inc. (AMD) is also making inroads in AI. Arm Holdings PLC (ARM) and Qualcomm Inc. (QCOM) gave tepid forecasts. Jobless claims are increasing, and the Bank of England cut its interest rate to 5%. Money flows are positive in AAPL, AMZN, META, MSFT, NVDA, SPY, and QQQ, neutral in GOOG, and negative in TSLA.

Portfolio Pulse from The Arora Report

August 08, 2024 | 1:37 pm

GOOG

GOOGL

META

Google and Meta are accused of secretly targeting Instagram ads to teenagers on YouTube, violating Google's own policies. The campaign aimed at 13- to 17-year-olds was reportedly part of a strategy to boost ad revenue and retain younger users. Google has launched an investigation and canceled the project, while Meta defended its actions. This incident coincides with the expected passing of a new child online safety bill by the U.S. Senate.

Portfolio Pulse from Benzinga Neuro

August 08, 2024 | 1:37 pm