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SOFI

SoFi has revised its FY24 revenue guidance to $2.425 billion-$2.465 billion, down from the previous estimate of $2.783 billion and slightly up from the prior range of $2.39 billion-$2.43 billion.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 1:05 pm

PG

Procter & Gamble (NYSE:PG) shares are down 5.40% after reporting Q4 FY24 sales of $20.53 billion, missing the $20.74 billion consensus. Organic sales rose 2%, but foreign exchange impacts offset gains. Adjusted EPS of $1.40 beat estimates. The company projects FY25 sales growth of 2%-4% and EPS growth of 5%-7%.

Portfolio Pulse from Shivani Kumaresan

July 30, 2024 | 1:01 pm

SPY

The S&P/Case-Shiller Home Price Index Composite for 20 cities (YoY) for May came in at 6.8%, higher than the estimated 6.5% but lower than the prior 7.3%.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 1:01 pm

DOC

Analysts have provided mixed evaluations for Healthpeak Properties (NYSE:DOC) over the past three months, with a majority leaning towards a somewhat bullish outlook. The average 12-month price target has increased to $23.5, reflecting a 10.59% rise from the previous target. Key analysts from RBC Capital, Wedbush, Scotiabank, and JP Morgan have raised their price targets, indicating positive sentiment towards the company's future performance.

Portfolio Pulse from Benzinga Insights

July 30, 2024 | 1:01 pm

SPY

The USA S&P/CS HPI Composite - 20 n.s.a. (MoM) for May showed a 1.0% increase, down from the previous 1.4%.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 1:00 pm

REXR

Analysts' ratings for Rexford Industrial Realty (NYSE:REXR) vary from bullish to bearish, with recent updates showing a slight increase in the average 12-month price target. The company's financial performance is strong, with impressive revenue growth, net margin, ROE, and ROA, and a balanced debt approach.

Portfolio Pulse from Benzinga Insights

July 30, 2024 | 1:00 pm

ARE

BXP

CUZ

HPP

KRC

SCHH

VNQ

XLRE

The COVID-19 pandemic has accelerated the trend of remote work, leading to high office vacancy rates in major U.S. cities like San Francisco, Houston, and Seattle. This has negatively impacted commercial real estate, particularly office REITs such as Alexandria Real Estate Equities (ARE), BXP Inc (BXP), Hudson Pacific Properties (HPP), Cousins Properties (CUZ), and Kilroy Realty Corporation (KRC). ETFs like Vanguard Real Estate Index Fund (VNQ), Schwab US REIT ETF (SCHH), and Real Estate Select Sector SPDR Fund (XLRE) have fared better due to diversification.

Portfolio Pulse from Hayden Buckfire

July 30, 2024 | 12:59 pm

SPY

The USA Redbook year-over-year growth for the week ending July 27 is reported at 4.5%, down from the previous week's 4.9%.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 12:57 pm

PFE

Pfizer Inc. (NYSE:PFE) reported second-quarter adjusted EPS of $0.60, beating the consensus of $0.46, and sales of $13.28 billion, up 2% year-over-year. The company updated its 2024 revenue forecast to $59.5 billion—$62.5 billion and expects 2024 adjusted EPS of $2.45-$2.65. PFE stock is up 1.60% in premarket trading.

Portfolio Pulse from Vandana Singh

July 30, 2024 | 12:56 pm

INCY

Incyte shares are trading higher after the company beat Q2 revenue estimates and raised the bottom end of its 2024 Jakafi net product revenue forecast.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 12:55 pm