Streetbeat News

Stock Prices

VMI

DA Davidson has maintained its Buy rating for Valmont Industries (NYSE:VMI) but lowered its price target from $290.00 to $275.00. Despite this adjustment, the new target suggests a potential 28.06% increase from the current share price of $214.75. Valmont Industries operates primarily in the Infrastructure and Agriculture segments, with the majority of its revenue derived from North America.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 5:00 pm

CME

Over the past 20 years, CME Group (NASDAQ:CME) has produced an average annual return of 12.86%, outperforming the market by 5.24% on an annualized basis. A $100 investment in CME stock 20 years ago would be worth $1,149.58 today. CME Group currently has a market capitalization of $78.74 billion, highlighting the significant impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 5:00 pm

TTD

Trade Desk (NYSE:TTD) has seen a 5.17% increase in its short percent of float since the last report, with 13.66 million shares sold short, representing 3.46% of its available trading shares. This requires an average of 3.08 days for traders to cover their short positions. The increase in short interest can indicate a bearish market sentiment towards TTD, although it has less short interest compared to its peer group average of 4.55%. This information suggests a cautious outlook but also highlights a potential bullish scenario if the short interest leads to a squeeze.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 5:00 pm

PLTK

Goldman Sachs has maintained its Neutral rating on Playtika Holding (NASDAQ:PLTK) but lowered its price target from $11.00 to $8.75. Playtika's shares are currently down 1.01% at $6.88, and the new target suggests a potential 27.18% increase. Playtika, a mobile game developer known for titles like Slotomania and Bingo Blitz, earns revenue primarily from the sale of virtual items in its games, with a significant portion of its business in the USA.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 5:00 pm

FTNT

Fortinet (NASDAQ:FTNT) stock has experienced a Golden Cross, indicating a shift from a bearish to a bullish trend, with a 20% gain already recorded in 2024. The company's flagship product, FortiGate firewall, contributes to its positive momentum by providing comprehensive cybersecurity solutions. The Golden Cross, a key technical indicator, suggests a potential for continued upward movement, making it an opportune time for investors to consider their positions in FTNT.

Portfolio Pulse from Surbhi Jain

February 27, 2024 | 4:58 pm

API

Agora's shares surged following the announcement of better-than-expected Q4 adjusted EPS results and positive Q1 revenue guidance.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 4:56 pm

CBRL

Cracker Barrel Old Country Store Inc (NASDAQ:CBRL) reported a slight increase in Q2 fiscal 2024 revenues to $935.4 million, up 0.2% Y/Y, surpassing consensus estimates. Comparable store restaurant sales rose by 1.2%, while retail sales dropped by 5.3%. Adjusted operating income and EPS both saw declines due to higher labor costs, but the company remains optimistic, raising its FY24 revenue outlook to $3.5 billion - $3.6 billion. Shares fell by 0.89% to $71.68.

Portfolio Pulse from Anusuya Lahiri

February 27, 2024 | 4:53 pm

GOTU

Gaotu Techedu's shares surged following the announcement of their Q4 results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 4:49 pm

SWTX

SpringWorks Therapeutics' stock price increased following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 4:48 pm

MSTR

TSLA

Tesla Inc (TSLA) could have made nearly a $20 billion profit on its Bitcoin (BTC) investment if it had followed Michael Saylor's advice to convert its balance sheet to Bitcoin. Tesla disclosed a $1.5 billion Bitcoin purchase in February 2021 and made sales in 2021 and 2022, realizing a potential profit of $1.208 billion. However, based on the cash Tesla had at the end of the third quarter of 2020, it could have bought 598,934.4749 BTC, which would be worth $34,025,293,828.10 today, nearly a $20 billion profit. MicroStrategy, led by Saylor, remains one of the largest Bitcoin holders.

Portfolio Pulse from Chris Katje

February 27, 2024 | 4:47 pm