Streetbeat News

Stock Prices

NOVA

Sunnova Energy's stock is trading higher after Goldman Sachs reaffirmed a Buy rating, despite reducing the price target from $16 to $14.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 4:58 pm

AAPL

AMZN

GOOG

GOOGL

META

Apple Inc (AAPL) faces a DOJ antitrust lawsuit challenging its core business model, particularly its control over iPhone hardware and software access. Wedbush analyst Daniel Ives predicts a long legal battle but no immediate changes to Apple's business model. He notes this lawsuit is part of a broader antitrust effort under the Biden Administration targeting big tech companies including Alphabet (GOOG/GOOGL), Meta (META), and Amazon (AMZN). Apple's stock dropped 3.74% following the announcement.

Portfolio Pulse from Chris Katje

March 21, 2024 | 4:58 pm

FCX

IOT

UBER

CNBC's 'Final Trades' segment featured recommendations on several stocks, including Freeport-McMoRan Inc. (FCX), Uber Technologies Inc. (UBER), The Blackstone Group Inc. (BX), and Samsara Inc. (IOT). These companies were highlighted as potential investment opportunities.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 4:57 pm

LRCX

Lam Research Corporation (LRCX) shares increased by 4.7% to $993.54, influenced by Micron's positive Q2 financial results and Q3 guidance. Micron reported $5.82 billion in revenue and a profit of 42 cents per share, exceeding expectations. Despite this, analysts have mixed views on LRCX, with an average 12-month price target of $902.58, suggesting potential downside. LRCX has risen 89.29% year-to-date, with a 52-week range between $478.77 and $1,007.39.

Portfolio Pulse from Henry Khederian

March 21, 2024 | 4:55 pm

OMH

Ohmyhome's stock price has increased following Maxim Group's initiation of coverage with a Buy rating and a $3 price target.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 4:50 pm

RDDT

Reddit's shares are expected to open between $49.5 and $50.5, significantly higher than its IPO price of $34, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 4:50 pm

SDOT

Sadot Group's shares are trading lower following the announcement of Q4 revenue results that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 4:49 pm

FDIV

RTH

TGT

WMT

Target Corp (NYSE:TGT) is reportedly set to double the bonuses for its salaried employees for 2023, paying out 100% of eligible bonuses, up from 50% the previous year. This move, reported by Bloomberg, showcases Target's financial strength despite facing challenges in 2022 with inflation and sales declines. The company has seen positive developments recently, including better-than-expected fourth-quarter FY23 earnings and the introduction of a paid membership program. Shares of Target have risen nearly 20% year to date. Competitor Walmart Inc (NYSE:WMT) also made headlines with a stock split and increased compensation for store managers. Investors can gain exposure to Target through VanEck Retail ETF (NASDAQ:RTH) and MarketDesk Focused U.S. Dividend ETF (NASDAQ:FDIV).

Portfolio Pulse from Shivani Kumaresan

March 21, 2024 | 4:43 pm

AAPL

FTEC

IXN

Apple Inc's CEO, Tim Cook, inaugurated a new store in Shanghai, emphasizing the company's commitment to China despite challenges such as geopolitical tensions, government restrictions, and competition from Huawei. iPhone sales in China dropped by 24% in the first six weeks of the year, with Apple falling to fourth place among smartphone vendors. The company has initiated discounts and diversified production to India and Vietnam. Apple's stock has gained 8.4% over the last 12 months, but shares were down 3.58% at the last check.

Portfolio Pulse from Anusuya Lahiri

March 21, 2024 | 4:42 pm

USO

Houthi officials have assured China and Russia that their vessels will be safe passing through the Red Sea, according to a senior Houthi official speaking to Reuters. This development could impact the global oil supply routes and market perceptions.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 4:40 pm