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VIRT

Virtu Financial, Inc. (NASDAQ:VIRT) shares surged 18.6% after the company reported better-than-expected Q2 financial results. The company posted adjusted EPS of 83 cents, beating the expected 60 cents, and adjusted net trading income of $385.08 million, surpassing the $331.57 million consensus. Total revenues increased by 36.7% to $693.0 million. Virtu also declared a quarterly cash dividend of $0.24 per share.

Portfolio Pulse from Nabaparna Bhattacharya

July 18, 2024 | 3:31 pm

ENPH

Enphase Energy (NASDAQ:ENPH) has significantly outperformed the market over the past 10 years, with an annualized return of 25.49%. A $1000 investment in ENPH 10 years ago would be worth $9,477.14 today. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

July 18, 2024 | 3:30 pm

ROST

Ross Stores (NASDAQ:ROST) has outperformed the market over the past 10 years, delivering an average annual return of 16.56%. A $100 investment in ROST 10 years ago would be worth $465.81 today. The article highlights the impact of compounded returns on long-term investments.

Portfolio Pulse from Benzinga Insights

July 18, 2024 | 3:30 pm

KMI

Kinder Morgan (NYSE: KMI) reported Q2 FY24 revenue of $3.57 billion, missing the consensus of $4.12 billion. Despite the miss, the company saw improved performance in its Natural Gas Pipelines, Products Pipelines, and Terminals segments. Adjusted EPS rose 4% Y/Y to $0.25, missing the consensus of $0.26. The project backlog increased to $5.2 billion, with 80% allocated to lower-carbon energy investments. The board approved a cash dividend of $0.2875 per share. KMI shares are up 3.19% at $21.19.

Portfolio Pulse from Lekha Gupta

July 18, 2024 | 3:25 pm

UAL

United Airlines executives have reported a significant drop in demand for flights to China compared to 2019 levels, as discussed in a recent conference call.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 3:23 pm

DIA

IWM

QQQ

SPY

Major indexes are experiencing a downturn due to recent weakness in tech stocks.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 3:22 pm

ZVSA

ZyVersa Therapeutics shares were halted on a circuit breaker due to a significant upward movement, with the stock now up 7.59%.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 3:21 pm

ZVSA

ZyVersa Therapeutics published a paper in the Angiogenesis peer-review journal demonstrating that their Inflammasome ASC Inhibitor IC 100 restored retinal structure and function in an animal model of Retinopathy of Prematurity (ROP). The study showed that IC 100 suppressed retinal microglia activation, reduced retinal inflammation, and improved retinal function.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 3:20 pm

NEE

NextEra Energy (NYSE:NEE) has seen a 9.41% increase in its short percent of float, now at 1.86% of all regular shares available for trading. This indicates a rise in bearish sentiment among investors. However, compared to its peers, NextEra Energy has a lower short interest percentage.

Portfolio Pulse from Benzinga Insights

July 18, 2024 | 3:15 pm

BX

LBO

PSP

Blackstone Inc (NYSE:BX) reported strong Q2 FY2024 results, with adjusted revenues of $2.796 billion beating expectations. Distributable earnings rose 3% Y/Y to $1.25 billion, while fee-related earnings fell 3% Y/Y. Assets under management increased 7% Y/Y to $1.076 trillion. The company declared a quarterly dividend of $0.82 and repurchased 2.0 million shares. BX shares are up 3.76% following the news.

Portfolio Pulse from Lekha Gupta

July 18, 2024 | 3:14 pm