Streetbeat News

Equity Actions

SLM

SLM (NASDAQ:SLM) has been analyzed by 4 analysts, showing a shift from bullish to indifferent sentiment in the last 30 days. The 12-month price targets suggest an average increase of 25.48% to $23.0. Analysts from JP Morgan, RBC Capital, Citigroup, and Deutsche Bank have raised their price targets, reflecting optimism about SLM's financial health, which includes strong revenue growth, net margin, ROE, and ROA, despite a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 6:00 pm

ADPT

Adaptive Biotechnologies Corporation (NASDAQ:ADPT) announced a strategic restructuring into two businesses, MRD and IM, with dedicated resources and separate reporting. The company aims to preserve its strong capital position, bridging MRD to profitability and supporting IM investments. Preliminary Q1 FY2024 sales are expected to exceed consensus, with significant year-over-year growth in MRD revenue. CFO Tycho Peterson will depart, succeeded by Kyle Piskel. Despite external challenges, maintaining both businesses is seen as offering long-term valuation upside, with William Blair reiterating an Outperform rating. ADPT shares dropped 7.05% to $2.77.

Portfolio Pulse from Vandana Singh

April 03, 2024 | 5:42 pm

AMD

DELL

HPE

INTC

MARA

MSFT

NVDA

SMCI

WDC

Today's session highlighted significant options activity for 10 Information Technology stocks, indicating potential trading opportunities based on whale alerts. These alerts track large transactions and divergences in market estimations of option values. Notable activities include bearish calls on NVDA, bullish puts on MSFT, and various bullish calls on SMCI, AMD, WDC, DELL, MARA, and HPE, with neutral calls on MU and bearish puts on INTC.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 5:35 pm

DIS

Trian Group, owning over $3.5 billion in Disney (DIS) stock, expressed disappointment over the failure to elect Nelson Peltz and Jay Rasulo to Disney's Board at the 2024 Annual Meeting. Despite this, Trian highlighted its positive influence on Disney, noting the company's stock rise by 50% and its status as the Dow Jones Industrial Average's top performer year-to-date, following new operating initiatives and capital improvement plans initiated since late 2023.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 5:26 pm

DIS

Walt Disney shareholders have voted to re-elect all 12 company nominees to the board of directors, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 5:23 pm

COP

CVX

MPC

USO

VLO

XLE

XOM

Crude oil prices surged in Q1 2024, with U.S. and European benchmarks reaching five-month highs due to a tighter supply/demand outlook and global geopolitical concerns. The United States Oil Fund (USO) saw an 18.1% increase, reflecting the rise in U.S. oil prices. Factors contributing to the price increase include OPEC's output curbs, robust U.S. economic data, and geopolitical tensions in Ukraine, Israel, and the Middle East. Energy analysts expect high prices to persist into Q2. Major oil and gas producers and related ETFs like XLE, XOM, COP, CVX, MPC, and VLO also reported significant gains.

Portfolio Pulse from Neil Dennis

April 03, 2024 | 5:05 pm

ELF

16 analysts have recently reviewed e.l.f. Beauty (NYSE:ELF), showing a mix of bullish to bearish sentiments. The average 12-month price target is now $198.75, up 17.17% from the previous $169.62, indicating a positive outlook. e.l.f. Beauty's financial health is strong, with significant revenue growth, high net margin, and excellent ROE and ROA, outperforming industry averages. The company's debt-to-equity ratio is also below the industry average, suggesting a healthy balance between debt and equity.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 5:00 pm

NRG

NRG Energy announced it will repurchase approximately $251 million of its 2.75% convertible senior notes due 2048, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 4:51 pm

NRG

NRG Energy, Inc. (NYSE:NRG) plans to repurchase approximately $251 million of its 2.75% convertible senior notes due 2048 from certain holders. The repurchases are expected to close by April 18, 2024, leaving around $232 million of these notes outstanding.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 4:36 pm

PLAY

Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) shares increased after a recent dip due to Q4 results missing expectations. The company reported earnings of $1.03 per share against an estimate of $1.10, and sales of $599.1 million versus an expected $602.609 million. Despite this, the board increased its share repurchase authorization by $100 million to $200 million. Analysts from UBS and Truist Securities maintained their ratings but raised their price targets for PLAY. The stock's rise is also attributed to a high short interest of 17.73%.

Portfolio Pulse from Erica Kollmann

April 03, 2024 | 4:32 pm