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Beta Signals Bullish Earnings: $W $ET $HAL

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Wayfair Reports Record Revenue

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Wayfair Inc (NYSE:W) has a beta of 3.57 which means though the stock is risky yet offer huge potential returns.

2Q 20201Q 2019
Net Revenue$4.3 billion$2.3 billion
Gross profit$1.3 billion
GAAP net income$273.9 million
Diluted EPS$2.54
Non-GAAP FCF$1.1 billion
Cash, Cash Equivalents$2.4 billion
Active customers in our Direct Retail business26.0 million (Up 46%)
LTM net revenue per active customer$440 (Down 1.6%)
Orders per customer1.891.86
Orders delivered18.9 million (up 106.2%)

The company reported $310.2 million net increase in revenue, up 90% year over year. In addition, the company reported 96.9% in Net revenue Constant Currency Growth. Mobile devices accounted for 60.6% of all orders delivered for the company's Direct Retail business in 2Q2020. This is more than 53.5% in the 2Q2019.

Energy Transfer Lowers Its Capital Growth Projection

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Energy Transfer LP Unit (NYSE:ET) has a beta of 2.69 which means though the stock is risky yet offer huge potential returns.

2Q 20202Q 2019
Net Income Attributable To Partners$353 million
Adjusted EBITDA$2.44 billion$2.83 billion
Distributable Cash Flow attributable to partners$1.27 billion$1.60 billion

ET updated its Adjusted EBITDA outlook FY2020 to range between $10.2 billion and $10.5 billion.

ET has lowered its capital growth projection by a further $200 million and will now invest around $3.4 billion in 2020. The company spent around $1.8 billion on capital growth projects. ET projects that growth capital expenditures will be around $1.3 billion in 2021 and around $500 million to $700 million in 2022 and 2023.ET projects that around 80% of the growth capital in 2020 will be spent on projects that will be operational in 2020 or 2021.

Halliburton Signs Partnership With Honeywell

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Halliburton Company (NYSE:HAL) has a beta of 2.66 which means though the stock is risky yet offer huge potential returns.

Halliburton (NYSE: HAL) and Honeywell (NYSE: HON) have signed a partnership aimed at maximizing the asset potential of the two companies. In partnership will also seek to reduce execution risk and reduce the total cost of ownership of oil and gas resources. In the collaboration, Halliburton will offer its DecisionSpace(R) 365 E&P cloud applications and Honeywell Forge to be used for analytics and insights for oil and gas assets. The two companies are well experienced in the oil and gas industry as well as application of innovative digital technologies to address operational efficiency and increase asset productivity.

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