Streetbeat News

Stock Prices

Keybanc analyst Eric Heath upgrades Zscaler (NASDAQ:ZS) from Sector Weight to Overweight and sets a new price target of $220.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 9:33 am

ALK

Alaska Air Group reported Q1 2024 adjusted EPS of $(0.92), surpassing the $(1.05) estimate, with sales of $2.232B exceeding the $2.190B forecast. This represents a 48.39% decrease in losses per share compared to last year, and a 1.64% increase in sales.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 9:13 am

AAPL

Huawei Technologies Co. has launched its new Pura 70 smartphone series, directly challenging Apple Inc. (AAPL) in the high-end Chinese market. This move comes as Apple faces declining iPhone sales in China, with the Pura 70 series expected to intensify competition. Analysts have expressed concerns about Apple's future revenue in China, with some remaining optimistic about a turnaround. The launch of the Pura 70, featuring innovative camera technology, could further impact Apple's market position in China.

Portfolio Pulse from Rounak Jain

April 18, 2024 | 8:23 am

IBTA

Ibotta has priced its IPO of 6,560,700 Class A shares at $88 each, with 2,500,000 shares sold by Ibotta and 4,060,700 by selling stockholders. The shares will trade on the NYSE under the symbol "IBTA" starting April 18, 2024. Ibotta won't profit from the stockholders' sales.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 8:11 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) has resumed deliveries of its Cybertruck after a brief halt, with CEO Elon Musk citing caution as the reason for the pause. The halt was reportedly due to an issue with the pickup truck's accelerator pedal, but no injuries or accidents occurred. Tesla aims to deliver a quarter million Cybertruck vehicles annually, with 2,803 units sold in the U.S. in the first quarter. Tesla shares closed down nearly 1% at $155.45 and dropped nearly 0.5% after hours.

Portfolio Pulse from Anan Ashraf

April 18, 2024 | 8:09 am

SERV

UBER

Serve Robotics Inc. announced a public offering of 10 million shares at $4 each, totaling $40 million, with participation from Postmates, LLC, a subsidiary of Uber Technologies Inc. Serve will uplist to the Nasdaq Capital Market under the symbol 'SERV', moving from the OTCQB Venture Market where it was listed as 'SBOT'.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 7:59 am

BTCUSD

ETHUSD

Cryptocurrency analyst Ali Martinez warns that Bitcoin could correct to $56,200 if it breaches the critical $61,000 level. A rebound could see it rise to $66,500, with the first sign being a 4-hour candlestick close above $62,300. This comes amid significant market volatility and concerns over potential major price corrections due to inflation and geopolitical tensions. Despite challenges, the approval of Bitcoin and Ethereum ETFs in Hong Kong signals a positive long-term outlook.

Portfolio Pulse from Benzinga Neuro

April 18, 2024 | 7:52 am

CTRI

SWX

Southwest Gas Holdings, Inc. (SWX) and its subsidiary Centuri Holdings, Inc. (CTRI) announced the pricing of Centuri's IPO at $21 per share for 12.4 million shares. The IPO is set to begin trading on the NYSE under the symbol CTRI on April 18, 2024, with a closing date of April 22, 2024. Additionally, Icahn Partners will purchase 2.59 million shares of Centuri in a private placement at the IPO price, totaling approximately $54.4 million.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 7:26 am

DHI

MMC

NFLX

UAL

USB

The S&P 500 fell for a fourth consecutive session amid declining investor sentiment, as indicated by the CNN Money Fear and Greed index remaining in the 'Fear' zone. U.S. Bancorp reported positive Q1 FY24 earnings, while United Airlines saw a significant stock jump following strong quarterly results. Most S&P 500 sectors closed lower, except for utilities and consumer staples. Investors are looking forward to earnings from Marsh & McLennan, D.R. Horton, and Netflix.

Portfolio Pulse from Avi Kapoor

April 18, 2024 | 6:52 am

DHI

MMC

NFLX

SNV

U.S. stock futures are trading higher, with focus on D.R. Horton, Synovus Financial, Netflix, Alcoa Corporation, and Marsh & McLennan due to earnings reports and financial results. D.R. Horton and Marsh & McLennan are anticipated to report earnings, Synovus Financial reported weaker-than-expected Q1 results, Netflix is expected to release earnings, and Alcoa reported better-than-expected sales but a quarterly loss.

Portfolio Pulse from Avi Kapoor

April 18, 2024 | 6:52 am