Streetbeat News

Equity Actions

FTNT

On CNBC, Stephanie Link announced she has increased her investment in Fortinet (FTNT), signaling her bullish stance on the company.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 4:06 pm

ALLR

Allarity Therapeutics' stock price is trading lower following the announcement that all Series A Preferred shares and all variable priced warrants have been converted to common stock.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 4:06 pm

SAFE

Safehold Inc (NYSE:SAFE) received mixed analyst ratings, with a spectrum of views from bullish to bearish. The recent analysis by 7 analysts showed a shift in sentiment over the past 30 days, with an average 12-month price target of $26.71, slightly up from the previous $26.67. Analyst actions included maintaining, lowering, and adjusting price targets, reflecting changes in market conditions and company performance. Safehold's financials indicate strong revenue growth and net margin, but challenges in ROE and a conservative debt management approach.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 4:01 pm

AGRI

GLDD

GSUN

JELD

NUWE

STIM

UBS

UBS Group AG (NYSE:UBS) shares surged 7% after reporting strong Q1 earnings, surpassing estimates with GAAP earnings of 52 cents per share and sales of $12.739 billion. U.S. stocks, including the Dow Jones, NASDAQ, and S&P 500, traded higher. Real estate and technology sectors showed mixed performance. Other notable movements included Nuwellis, Inc. (NASDAQ:NUWE), Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD), and Golden Sun Health Technology Group Limited (NASDAQ:GSUN) posting significant gains, while AgriFORCE Growing Systems Ltd. (NASDAQ:AGRI), JELD-WEN Holding, Inc. (NYSE:JELD), and Neuronetics, Inc. (NASDAQ:STIM) experienced declines.

Portfolio Pulse from Avi Kapoor

May 07, 2024 | 4:01 pm

CAVA

RDDT

Reddit Inc (NYSE:RDDT) is set to announce its Q1 earnings with Wall Street expecting -$8.71 EPS and $212.83 million in revenues. The stock has seen modest gains recently, with investors hopeful that the earnings report will positively impact its performance. Discussions on r/wallstreetbets show a divided opinion on Reddit's future, with some users optimistic about its growth potential and others cautious about its challenges, including the CEO's significant share ownership and low liquidity in its option chain.

Portfolio Pulse from Surbhi Jain

May 07, 2024 | 3:54 pm

APLD

Oasis Management Company Ltd. has reported a 5.78% stake in Applied Digital (APLD) as of May 1, 2024, according to a 13D filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 3:30 pm

IAK

KBWB

Citadel CEO Ken Griffin, in an interview on CNBC, supported the Federal Reserve's decision to maintain higher interest rates to control inflation, particularly noting its persistence in the services sector. He highlighted the impact of high rates on sectors like commercial real estate and highly-leveraged companies, while suggesting that the financial sector, including banks and insurance firms, could benefit. Griffin also emphasized the positive economic impact of AI adoption in corporate America. The Invesco KBW Bank ETF (KBWB) and the iShares US Insurance ETF (IAK) were mentioned as ways for investors to gain exposure to these sectors.

Portfolio Pulse from Erica Kollmann

May 07, 2024 | 3:30 pm

LRCX

The analysis compares Lam Research (LRCX) with its competitors in the Semiconductors & Semiconductor Equipment industry, highlighting its financial metrics, market positioning, and growth prospects. Lam Research shows potential value with a lower P/E ratio, higher ROE, EBITDA, gross profit, and better revenue growth compared to the industry average. The company's financial health and growth potential are emphasized, despite a high P/B and P/S ratio suggesting possible overvaluation.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 3:00 pm

SNOW

Recent unusual options activity in Snowflake (NYSE:SNOW) indicates a split sentiment among big-money traders, with 50% bullish and 50% bearish. A total of 8 options trades were spotted, including 1 put and 7 calls, targeting a price range from $130.0 to $340.0. The largest trades include bullish calls with strike prices at $130 and $340, and a bearish put at $155. Snowflake, a data warehousing company, has seen its stock price drop by -3.1% to $158.6, with an RSI indicating it may be approaching overbought. Analysts have a mixed outlook, with an average target price of $185 and a recent downgrade by Keybanc to Overweight.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 2:16 pm

MET

Recent analyst ratings for MetLife (NYSE:MET) show a unanimous somewhat bullish outlook, with six analysts rating the company as somewhat bullish over the past three months. The average 12-month price target for MET is $84.67, indicating a 3.47% increase from the previous target of $81.83. Analyst actions include both raises and lowers in ratings and price targets, reflecting adjustments to market conditions and MetLife's performance. MetLife's financial indicators such as revenue growth, net margin, ROE, and ROA are discussed, highlighting its market position and financial health.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 2:01 pm