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LVMHF

LVMH reported Q2 revenue of EUR20.98 billion, missing the estimated EUR21.41 billion.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 4:02 pm

BDC

Analysts have shown a bullish sentiment towards Belden (NYSE:BDC) over the past quarter, with all six analysts rating it as a 'Buy'. The average 12-month price target has increased to $111.33, up from $103.60. Despite revenue challenges, Belden's net margin, ROE, and ROA surpass industry standards, although it faces high debt levels.

Portfolio Pulse from Benzinga Insights

July 23, 2024 | 4:01 pm

SAVE

Spirit Airlines (NYSE:SAVE) has been analyzed by 10 analysts over the past three months, revealing a range of perspectives from bullish to bearish. The average 12-month price target has dropped by 24.03% to $2.75. Analysts have predominantly lowered their ratings and price targets, reflecting negative sentiment towards the stock.

Portfolio Pulse from Benzinga Insights

July 23, 2024 | 4:01 pm

VITL

Vital Farms (NASDAQ:VITL) has received mixed ratings from 5 analysts over the past three months, with a recent average price target of $38.8, reflecting a 39.57% increase from the previous target. Analysts have raised their price targets, indicating a positive outlook on the company's future performance.

Portfolio Pulse from Benzinga Insights

July 23, 2024 | 4:01 pm

FCFS

FirstCash Holdings (NYSE:FCFS) has seen a 20.54% increase in its short percent of float, now at 2.23%. This indicates a rise in bearish sentiment, although it remains below the peer group average of 8.04%. Traders should be aware of the increased short interest.

Portfolio Pulse from Benzinga Insights

July 23, 2024 | 4:00 pm

ICE

Intercontinental Exchange (NYSE:ICE) has outperformed the market over the past 15 years with an average annual return of 14.91%, resulting in a $1000 investment growing to $8,215.31. The company currently has a market capitalization of $85.87 billion.

Portfolio Pulse from Benzinga Insights

July 23, 2024 | 4:00 pm

FTAI

FTAI Aviation (NASDAQ:FTAI) has significantly outperformed the market over the past 5 years, delivering an average annual return of 52.92%. A $100 investment in FTAI 5 years ago would now be worth $836.88. The company's current market capitalization is $10.93 billion.

Portfolio Pulse from Benzinga Insights

July 23, 2024 | 4:00 pm

EVTL

Vertical Aerospace Ltd (NYSE: EVTL) shares rose after Deutsche Bank upgraded the stock from Hold to Buy and increased the price target from $1.00 to $1.50. The company is targeting a piloted full transition flight by year-end, which could mark an operational inflection point. Despite needing additional capital, the company has a cash runway through 3Q25.

Portfolio Pulse from Priya Nigam

July 23, 2024 | 3:59 pm

RIVN

TSLA

Rivian Automotive Inc (NASDAQ:RIVN) announced that it has surpassed 100,000 pre-orders for its upcoming R2 SUV, which is set to launch in 2026. The R2, priced under $50,000, aims to compete with Tesla's Model Y. Rivian's production at its Normal, Illinois factory is expected to increase by 30% due to new upgrades. Despite the positive news, Rivian's stock has been underperforming, down 33.3% over the last year.

Portfolio Pulse from Chris Katje

July 23, 2024 | 3:56 pm

VZ

Verizon Communications Inc. (NYSE:VZ) shares fell over 6% following its Q2 results. Analysts from RBC Capital Markets and KeyBanc Capital Markets provided mixed reviews, with RBC maintaining a Sector Perform rating and KeyBanc maintaining an Overweight rating. Verizon's revenues and EBITDA were in line with expectations, while free cash flow exceeded consensus. The company's retail postpaid net adds declined slightly, but broadband growth remained strong.

Portfolio Pulse from Priya Nigam

July 23, 2024 | 3:55 pm