Streetbeat News

Stock Prices

ACN

Accenture's stock price increased following an upgrade in its price target from $360 to $400 by Wedbush.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 3:30 pm

FPX

MILN

UBER

Uber Freight aims for a tenfold expansion in Europe by 2028, targeting 2 billion euros in freight management. Despite a 25% revenue dip in 2023 due to lower trucking rates, improvements are seen with resolving supply chain issues. Uber Technologies Inc. (UBER) reported a 15% revenue growth in Q4 fiscal 2023, with shares up 0.50% in premarket trading. Investors can also gain exposure to Uber through FPX and MILN ETFs.

Portfolio Pulse from Anusuya Lahiri

March 12, 2024 | 3:28 pm

Boeing shares are trading lower following a report that the company failed 33 of 89 audits by the FAA. Additionally, United Airlines has instructed Boeing to stop building 737 Max 10 jets for them.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 3:28 pm

APO

FNDA

LUMN

RXT

TXSS

Rackspace Technology Inc (RXT) is reportedly close to finalizing a $275M restructuring plan with its creditors, aiming to reduce its debt and reorganize repayment priorities. The deal includes a new cash influx and a debt exchange offer, with favorable terms for creditors involved in prior negotiations. Apollo Global Management Inc (APO), a primary investor, has not commented. The restructuring reflects broader trends among companies facing economic challenges. Rackspace's financial results are awaited on March 12, 2024, with an expected quarterly EPS loss. The company's financial health is underlined by its first-lien notes trading at significantly reduced values. RXT shares saw a 7.1% increase to $2.25 recently. Investors can also gain exposure through TXSS and FNDA ETFs.

Portfolio Pulse from Anusuya Lahiri

March 12, 2024 | 3:25 pm

RGLS

Regulus Therapeutics shares have resumed trading, indicating a potential shift in market dynamics for the company.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 3:22 pm

RGLS

Regulus Therapeutics shares were halted due to a circuit breaker triggered by a significant upside movement, with the stock surging 116.7%.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 3:17 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo for March 12th, 2024, provides a trade strategy for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, based on a proprietary formula considering price, volume, and options flow. It offers detailed analysis for each asset, predicting potential breakouts or reversals. The memo emphasizes the importance of the CPI data release and the Treasury's 10-Year Note Auction results on the Federal Reserve's rate decision. RIPS, a pro trader, curates the memo, offering insights and real-time mentorship to Market Clubhouse members.

Portfolio Pulse from RIPS

March 12, 2024 | 3:16 pm

AMD

Advanced Micro Devices (NASDAQ:AMD) has seen unusual options activity, with a bearish sentiment prevailing among deep-pocketed investors. Benzinga's tracking revealed 69 extraordinary options activities, with a price target range from $150.0 to $320.0. The market sentiment is divided, but leans more towards bearish with 63% of the activities. Notable options activity includes both calls and puts with varying sentiments and strike prices. AMD's current market performance shows a 1.14% increase in price at $200.65, with analysts giving mixed reviews and price targets ranging from $190 to $265.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 3:16 pm

TSM

Recent options activity for Taiwan Semiconductor (NYSE:TSM) shows a bearish sentiment among investors, with a notable volume of trades focusing on a price range between $100.0 and $160.0. The analysis of options trading volume and open interest highlights significant liquidity and interest in TSM's options. The company, a leading chip foundry with a substantial market share, is currently experiencing a stock price increase and is approaching an overbought condition according to RSI readings. Analysts from Susquehanna and Bernstein have given positive ratings with target prices of $160 and $150, respectively.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 3:15 pm

AAPL

Apple Inc. (NASDAQ:AAPL) is set to allow developers in the European Union to distribute iOS apps directly from their websites, a significant policy change. This new distribution method, available through a forthcoming software update, requires developers to adhere to Apple's strict app development and notarization rules. The move aligns with the EU's Digital Markets Act and is part of Apple's efforts to support alternative app stores in the region. Apple's stock was slightly up following the announcement.

Portfolio Pulse from Rounak Jain

March 12, 2024 | 3:11 pm