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Zillow reported that it outperformed the residential real estate industry by 12 percentage points in 2023. That’s because one of the main ways Zillow makes money is through lead generation for real estate agents. “This shift in the structure of real estate transaction costs is too new to understand how it will impact housing market dynamics,” a spokesperson said. Zillow could make even more money if real estate agents offer their services piecemeal, he said. The takeawayThere’s a lot of disagreement between analysts about the future of Zillow and the real estate industry at large.
Persons: Zillow, , Dan Kurnos, it’s, Zillow’s, they’ll, who’s, Kurnos, ” Stephen Brobeck, , It’s, Homes.com, William Blair Organizations: CNN Business, Bell, New York CNN, National Association of Realtors, Realtors, Benchmark Company, NAR, Zillow, Consumer Federation of America, CNN, Bank of America Locations: New York
PDD's current market capitalization is nearly $190 billion, compared to Alibaba's market capitalization of $185.8 billion, LSEG data showed. PDD posted 94% growth in third-quarter revenue from a year earlier, far outpacing Alibaba's 9% growth during the same period. Analysts say that consumers increasingly looking for bargains in the face of economic uncertainties have helped boost PDD's growth domestically and internationally. "PDD's strong 3Q23 results imply both sustainable market share expansion of its domestic e-commerce business and strong growth momentum of ... Temu," they told clients. PDD "remains a standout growth stock" amid a broader base economic slowdown in China, wrote The Benchmark Company in a Nov. 29 report.
Persons: Morgan Stanley, PDD, Morgan Stanley Morgan Stanley, Eddy Wang, Kathy Zhu, Gary Yu, Temu's, Temu, Andre Chang, Alex Yao, Nancy Liu, Morningstar Morningstar, Chelsey Tam, Fawne Jiang, Long Lin Organizations: PDD Holdings, Investment, JPMorgan, Morningstar, Alibaba, PDD's Nasdaq, JPMorgan JPMorgan, China Internet, Morningstar Asia, Company Locations: China, 4Q23, U.S, Europe, Australia, New Zealand, Morningstar Morningstar Asia, Temu
The bull case for GM: Shares jump 14% year-to-date
  + stars: | 2023-07-25 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe bull case for GM: Shares jump 14% year-to-dateMichael Ward, The Benchmark Company, joins 'Power Lunch' to discuss the auto sector and his buy rating on GE as its shares trade lower.
Persons: Michael Ward Organizations: GM, Benchmark Company, GE
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGeneral Motors shares dip after second-quarter earnings. Here's what the pros are sayingJim Cramer, Mark Fields of TPG Capital and Michael Ward of The Benchmark Company discussed General Motors after the company reported 2Q results that beat on revenue and raised its full-year guidance.
Persons: Jim Cramer, Mark Fields, Michael Ward Organizations: General Motors, TPG Capital, Benchmark Company, Motors
Analyst explains why he's negative on Netflix's stock
  + stars: | 2023-07-20 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAnalyst explains why he's negative on Netflix's stockMatthew Harrigan, senior equity analyst at Benchmark Company, discusses Netflix's crackdown on password-sharing and its push into video games, which he says won't be an "immediate catalyst."
Persons: Matthew Harrigan Organizations: Benchmark Company
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBenchmark: Comcast and Netflix are best positioned for the SAG-AFTRA strikeMatthew Harrigan, Equity Research Analyst at The Benchmark Company, discusses which companies will be impacted by the strikes across Hollywood.
Persons: Matthew Harrigan Organizations: Comcast, Netflix, SAG, Equity, Benchmark Company Locations: Hollywood
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNetflix's Squid Game success gave more attention to South Korean entertainment exports, says analystMatthew Harrigan of The Benchmark Company discusses the impact of Netflix's contributions to South Korea's streaming landscape.
Persons: Matthew Harrigan Organizations: Benchmark Company Locations: Korean
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWarner Bros. Discovery has a fantastic movie pipeline rest of 2023, says Matthew HarriganThe Benchmark Company's Matthew Harrigan along with CNBC's Julia Boorstin and Alex Sherman join 'The Exchange' to discuss competition in the streaming landscape, building out a resilient streaming subscriber base, and takeaways from this quarters earnings numbers.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThis is the first time that AMD has challenged Intel's market share, analyst saysCody Acree of The Benchmark Company discusses semiconductor consumption and AMD's earnings in the first quarter.
The event may have created a compelling entry point for investors who have been on the sidelines of the long-term shift to electric vehicles. Electric vehicles are becoming much more popular in the U.S. but still make up a small portion of automobiles on the roads. Cutting prices certainly caught the eye of consumers and boosted interest in Tesla vehicles, according to data from Edmunds. And, there are still issues with electric vehicles that make them impractical for large groups of consumers, said Mike Ward, an analyst at The Benchmark Company. There’s also a huge potential in firms that make batteries, key parts of electric vehicles that are also seeing surging share prices.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailYou'll see very strong earnings from General Motors on Tuesday, says Benchmark's WardMichael Ward, The Benchmark Company auto analyst, and Garrett Nelson, CFRA senior auto analyst, join 'Power Lunch' to discuss the bull case for General Motors and Ford, Nelson's thoughts on Ford in the mid- to long-term and more.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHarrigan: Netflix's advertising approach won't turn the company aroundMatthew Harrigan, Senior Equity Analyst at The Benchmark Company, joins Worldwide Exchange to discuss Netflix's Q3 earnings report.
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