Streetbeat News

Analyst Ratings

HRTG

JMP Securities analyst Matthew Carletti downgraded Heritage Insurance Holdings (HRTG) from Market Outperform to Market Perform, indicating a neutral outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 8:57 am

Goldman Sachs analyst James Yaro upgraded Moelis & Company (NYSE:MC) from Sell to Neutral and increased the price target from $53 to $58.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 8:54 am

NVDA

NVIDIA Corp. (NASDAQ:NVDA) has experienced significant volatility, with its stock soaring over 200% in 2023 due to AI buzz, then dropping more than 7% recently. Investors are divided on whether to hold or sell, with some citing overvaluation concerns. Vahan Janjigian of Greenwich Wealth Management sold part of his Nvidia shares, Paul Gambles of MBMG Family Office Group advises selling due to potential declines, while Louis Navellier remains bullish, predicting a future $1,000 stock price.

Portfolio Pulse from Benzinga Neuro

March 13, 2024 | 8:52 am

INAB

JonesTrading analyst Soumit Roy initiates coverage on IN8bio (NASDAQ:INAB) with a Buy rating and sets a price target of $5.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 8:50 am

LEGN

Raymond James analyst Sean McCutcheon initiates coverage on Legend Biotech (NASDAQ:LEGN) with an Outperform rating and a price target of $86.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 8:45 am

IHG

Jefferies analyst Jaina Mistry downgraded InterContinental Hotels (NYSE:IHG) from Buy to Hold, indicating a more cautious outlook on the stock.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 8:42 am

NICE

DA Davidson analyst Gil Luria upgrades NICE (NASDAQ:NICE) from Neutral to Buy and raises the price target from $250 to $300, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 8:36 am

AVGO

COST

LLY

NVDA

ORCL

U.S. stocks rose on Tuesday, driven by positive earnings per share news, according to Jim Cramer. Despite a warmer-than-expected February CPI, stocks like Nvidia, Eli Lilly, and Costco saw gains, while Oracle's strong quarter, attributed to AI, boosted its shares by 11%. JPMorgan CEO Jamie Dimon expressed optimism for the U.S. economy, suggesting the Fed hold off on interest rate cuts until after June. Cramer highlighted the risk of stocks moving in unison and saw a buying opportunity in Broadcom due to its low multiple status.

Portfolio Pulse from Benzinga Neuro

March 13, 2024 | 8:25 am

TIP

Economist Peter Schiff warns of rising inflation, criticizing the Federal Reserve and Chair Jerome Powell for ineffective measures. Schiff predicts inflation could reach double digits, diverging from the Fed's 2% target. The February inflation report showed an increase, and Schiff highlighted the federal budget deficit's growth. Despite these concerns, the iShares TIPS Bond ETF (TIP) experienced a slight decline.

Portfolio Pulse from Shanthi Rexaline

March 13, 2024 | 7:52 am

AAPL

CHTR

CVX

SMCI

TSLA

XOM

Tesla, Inc. (TSLA) remains the most-shorted large-cap stock in the U.S., with a Hazeltree Crowdedness Score (HCS) of 99, indicating high short interest. Chevron Corp. (CVX) and Exxon Mobil Corp. (XOM) also have high HCS scores of 94 and 92, respectively. Apple Inc. (AAPL) saw a decrease in short interest, while Super Micro Computer, Inc. (SMCI) and Charter Communications, Inc. (CHTR) saw increases in their HCS scores. Tesla's stock struggles are attributed to weakening demand, aggressive pricing, and opaque communication from management.

Portfolio Pulse from Shanthi Rexaline

March 13, 2024 | 7:18 am