Streetbeat News

Stock Prices

LNW

In the past three months, 8 analysts have provided diverse ratings for Light & Wonder (NASDAQ:LNW), with a recent shift towards more bullish sentiments. The average 12-month price target has risen to $104.5, marking a 7.73% increase from the previous target. Light & Wonder, a major player in electronic gaming and mobile games, has shown notable financial performance with a 13.05% revenue growth, impressive net margin, ROE, and ROA, despite a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 1:00 pm

SPY

The S&P/CS HPI Composite - 20 n.s.a. reported a year-over-year increase of 6.6% for January, matching the estimated 6.6% and showing an improvement from the previous 6.2%.

Portfolio Pulse from Happy Mohamed

March 26, 2024 | 1:00 pm

STM

STMicroelectronics (NYSE:STM) has seen a 22.45% increase in its short percent of float since the last report, with 5.41 million shares sold short, representing 0.6% of available shares. This increase in short interest indicates a more bearish market sentiment towards STM, although it has less short interest compared to its peers' average of 3.90%. The rise in short interest does not necessarily predict a near-term price fall but suggests increased short selling activity.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 1:00 pm

EGOX

Next.e.GO N.V. (NASDAQ:EGOX) shares plummeted premarket Tuesday after the company announced it received a delisting notification from Nasdaq due to its closing bid price falling below $0.10 for ten consecutive trading days and failing to meet the $1.00 minimum bid price requirement. The company has until June 10, 2024, to comply with the Minimum Bid Price Rule or face delisting. Shares were down 18.9% at $0.0413 in premarket trading.

Portfolio Pulse from Lekha Gupta

March 26, 2024 | 1:00 pm

ETAO

Trading for ETAO was halted but has now resumed as of 8:55:00 AM ET, following an update on quotation resumption times.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 12:55 pm

BDX

BX

COHR

ELF

ET

IOT

KKR

NFE

PSTG

RIO

STZ

Jim Cramer, on CNBC's 'Mad Money Lightning Round,' recommended several stocks, highlighting their recent performances and strategic moves. Energy Transfer LP (ET) exceeded Q4 earnings expectations. KKR & Co. Inc. (KKR) and Blackstone (BX) are on a significant run, with substantial assets under management and a new partnership in South Korea. Rio Tinto Group (RIO) reported a slight decline in sales revenue but beat consensus. Becton, Dickinson and Company (BDX) increased syringe production in the U.S. California Resources Corporation (CRC) nominated a new board member, while Cramer preferred Constellation Energy (STZ). e.l.f. Beauty, Inc. (ELF) received a buy rating from DA Davidson. Pure Storage, Inc. (PSTG) was initiated with a buy rating by Citigroup. Samsara Inc. (IOT) reported strong Q4 results. Coherent Corp. (COHR) exceeded Q2 expectations. New Fortress Energy Inc. (NFE) was recommended by Cramer, praising CEO Wes Edens.

Portfolio Pulse from Avi Kapoor

March 26, 2024 | 12:54 pm

MA

V

Visa has reached a settlement with U.S. merchants, agreeing to reduce rates and guarantee no rate increases for at least five years. This settlement resolves claims against Visa, Mastercard, and other defendants.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 12:46 pm

TSLA

Tesla shares are experiencing an uptick following reports that Italy has initiated discussions with the company regarding the production of electric trucks. This move highlights Italy's interest in advancing its electric vehicle infrastructure and Tesla's potential expansion into new markets and product lines.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 12:41 pm

TSLA

Italy has reportedly reached out to Tesla regarding the possibility of truck production, leading to an increase in Tesla's share price.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 12:41 pm

TSLA

Tesla Inc (NASDAQ:TSLA) shares are trading higher due to reports of Italy approaching the EV maker for electric truck production. Additionally, Bernstein analyst Toni Sacconaghi cut Tesla's price target from $150 to $120, citing concerns over growth and margin leverage. Mizuho analyst Vijay Rakesh also downgraded Tesla, pointing to weak demand and rising inventories. Despite these downgrades, Tesla's revenue has grown at an average rate of 42.28% annually over the past five years, with an expected 38.37% upside in 2025.

Portfolio Pulse from Adam Eckert

March 26, 2024 | 12:40 pm