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Stock Prices

TWLO

Twilio's stock is trading higher following the announcement of a CEO transition and the company's expectation to surpass its Q4 and full-year 2023 guidance.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 3:49 pm

EFA

PXF

VEA

VXUS

The Vanguard FTSE Developed Markets ETF (VEA) has formed a Golden Cross on its technical chart, suggesting a bullish trend for developed markets outside the U.S. VEA, which tracks the FTSE Developed ex-U.S. All Cap Net Tax Index, is primarily invested in Europe, Japan, and Australia, with a significant allocation to large-cap stocks, especially in the financial sector. It is more cost-efficient and has a broader portfolio than the iShares MSCI EAFE ETF (EFA). Alternatives to VEA include the Vanguard Total International Stock ETF (VXUS) and the Invesco FTSE RAFI Developed Markets ex-U.S. ETF (PXF). Wells Fargo favors developed-market equities over emerging-market equities, with a year-end 2024 target for the MSCI EAFE Index.

Portfolio Pulse from Surbhi Jain

January 08, 2024 | 3:49 pm

APA

BKR

CNQ

COP

EOG

EQNR

HAL

MRO

OVV

PBR

PXD

SLB

XOM

Energy stocks are trading lower following a drop in oil prices due to Saudi Arabia's decision to reduce February crude oil export prices.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 3:48 pm

CSCO

Melius Research analyst Ben Reitzes downgraded Cisco Systems (NASDAQ:CSCO) from Buy to Hold and set a price target of $55.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 3:45 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo provides daily trade strategies for SPY, QQQ, AAPL, MSFT, META, TSLA, GOOGL, and NVDA, based on a proprietary formula considering price, volume, and options flow. The analysis includes potential price targets and support levels for each asset. The memo also hints at increased market activity in anticipation of upcoming CPI data and offers membership to Market Clubhouse for real-time trading insights and mentorship.

Portfolio Pulse from RIPS

January 08, 2024 | 3:39 pm

EWCZ

European Wax Center, Inc (NASDAQ:EWCZ) has raised its FY23 revenue and system-wide sales guidance, with same-store sales growth outlook also increased. The company reaffirmed its FY23 adjusted net income and EBITDA outlook. CEO David Willis highlighted strong unit growth and a recurring revenue stream from core guests. EWCZ repurchased 1.7 million shares in Q4 2023. The company's full audited financial results will be released in early March 2024. EWCZ shares saw a 20% increase in price.

Portfolio Pulse from Shivani Kumaresan

January 08, 2024 | 3:38 pm

NAVI

TD Cowen analyst Moshe Orenbuch has downgraded Navient (NASDAQ:NAVI) from Market Perform to Underperform and reduced the price target from $17 to $15, indicating a bearish outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 3:38 pm

BMY

Bristol-Myers Squibb has reaffirmed all of its financial targets, indicating confidence in its current business strategy and financial planning. This announcement may reassure investors and could potentially have a positive impact on the company's stock price in the short term as it reflects stability and optimism about the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 3:33 pm

AMD

AMD announced new Ryzen 8000G Series desktop processors with built-in graphics and AI capabilities, and new Ryzen 5000 Series for AM4 platform. The 8000G Series features up to 8 cores and Radeon 700M graphics, while the 5700X3D model of the 5000 Series includes 3D V-Cache technology. AMD's OEM partners, including Lenovo, Razer, Asus, and Acer, will introduce new AI PCs with Ryzen 8040 Series mobile processors. The 8000G Series will be available to customers starting January 31st, 2024, with OEM systems arriving in Q2 2024.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 3:32 pm

BAC

DIA

XLF

The financial sector, particularly Goldman Sachs (GS) and Bank of America (BAC), may influence the Dow Jones Industrial Average (DIA) as they report earnings this week. Historically, both GS and BAC have experienced pre-earnings rallies, with GS rallying 7-8% and BAC 4-12% in the weeks before their earnings calls in the past two years. The performance of GS, being the second largest name in the Dow Jones, will be especially crucial in determining the index's direction.

Portfolio Pulse from Thrash Capital

January 08, 2024 | 3:31 pm