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Analysts from Tesley Advisory Group expect Target Corporation (NYSE:TGT) and Ross Stores, Inc. (NYSE:ROST) to post higher revenues for the second quarter due to resilient consumer spending. Target's revenue is forecasted to rise by 2% to $25.3 billion, while Ross Stores' revenue is expected to jump by 6.9% to $5.28 billion. Both companies have received positive ratings from analysts.

Portfolio Pulse from Michael Juliano

August 17, 2024 | 4:46 pm

T-Mobile US, Inc. (NASDAQ: TMUS) has been fined $60 million by the Committee on Foreign Investment in the U.S. for data security violations related to its 2020 acquisition of Sprint Corp. The fine is the largest ever for the company and stems from unauthorized access to sensitive data in 2020 and 2021. T-Mobile cited technical issues during post-merger integration as the cause. The stock is down 0.72% premarket. ETFs Simplify Next Intangible Value Index ETF (BATS: NXTV) and Invesco BuyBack Achievers ETF (NASDAQ: PKW) are also mentioned.

Portfolio Pulse from Lekha Gupta

August 15, 2024 | 1:21 pm

The Delaware Supreme Court upheld a $267 million legal fee for securing a $1 billion settlement for Dell Technologies shareholders. This ruling could impact similar cases involving Tesla. Dell shares are trading higher premarket. The fee is the second largest in Delaware and fifth largest in federal securities litigation. Tesla is contesting substantial legal fees in other cases.

Portfolio Pulse from Lekha Gupta

August 15, 2024 | 1:11 pm

T-Mobile US, Inc. (NASDAQ:TMUS) is leveraging the launch of Google's latest Pixel devices with exclusive offers and discounts. Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) announced the Pixel 9 Pro XL and Pixel 9, with T-Mobile offering significant discounts and promotions. T-Mobile's recent Q2 results exceeded analyst expectations. Investors can also consider ETFs like Simplify Next Intangible Value Index ETF (BATS:NXTV) and Invesco BuyBack Achievers ETF (NASDAQ:PKW) for exposure.

Portfolio Pulse from Lekha Gupta

August 14, 2024 | 12:36 pm

Comcast Corporation (NASDAQ:CMCSA) reported a 2.7% year-over-year revenue decline to $29.69 billion, missing analyst estimates. Despite beating EPS estimates, analysts have adjusted their expectations due to broadband struggles and theme park downturns. BofA, KeyBanc, and Oppenheimer analysts have reiterated their ratings but adjusted price targets and forecasts. Investors can also consider ETFs like Simplify Next Intangible Value Index ETF (BATS:NXTV) and IShares U.S. Telecommunications ETF (BATS:IYZ) for exposure.

Portfolio Pulse from Lekha Gupta

July 24, 2024 | 6:57 pm

T-Mobile US, Inc. (NASDAQ:TMUS) and KKR & Co. Inc. (NYSE:KKR) have formed a joint venture to acquire Metronet's broadband infrastructure, residential fiber operations, and customer base. T-Mobile will invest $4.9 billion for a 50% stake in the JV, enhancing its 5G Home Internet and fiber partnerships. The deal is expected to close in 2025, pending regulatory approvals.

Portfolio Pulse from Lekha Gupta

July 24, 2024 | 5:31 pm

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