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Stock Prices

SPY

Federal Reserve's Neel Kashkari expressed uncertainty about the neutral Fed funds rate, now seeing it close to 3%. This statement could influence market expectations and interest rate-sensitive assets.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 6:40 pm

FSM

Fortuna Mining Corp shares are trading lower due to media reports about potential withdrawal of mining permits. However, the company confirmed that the government has no plans to withdraw permits that comply with Burkina Faso's laws.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 6:40 pm

MSTR

Bernstein analysts project a 64% upside for MicroStrategy's stock, setting a $290 price target based on its Bitcoin acquisition strategy. The company's substantial Bitcoin holdings and the assumption of Bitcoin reaching $1 million by 2033 underpin this optimistic outlook. However, risks include potential Bitcoin price stagnation, which could force asset sales.

Portfolio Pulse from Ivan Crnogatić

October 07, 2024 | 6:40 pm

PLAY

Dave & Buster's Entertainment shares are experiencing a decline after Benchmark initiated coverage with a Hold rating.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 6:39 pm

ZVRA

Zevra Therapeutics shares rose following Guggenheim's initiation of coverage with a Buy rating and a $20 price target.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 6:38 pm

NFLX

Netflix shares are trading lower due to a downgrade from Barclays, which cited valuation concerns. Barclays downgraded Netflix from Equal-Weight to Underweight, maintaining a price target of $550. Despite this, Goldman Sachs and Piper Sandler have positive outlooks, with Piper Sandler upgrading Netflix to Overweight and raising the price target to $800.

Portfolio Pulse from Adam Eckert

October 07, 2024 | 6:37 pm

AZN

NAPA

SRRK

TRVN

U.S. stocks fell on Monday, with the Dow dropping over 400 points. Duckhorn Portfolio shares surged 104% after announcing better-than-expected financial results and an acquisition agreement. Scholar Rock shares rose 328% following positive clinical trial results. AstraZeneca entered a licensing agreement with CSPC Pharmaceutical. Trevena shares fell 46% after a Nasdaq delisting notification.

Portfolio Pulse from Avi Kapoor

October 07, 2024 | 6:37 pm

SPY

Federal Reserve's Neel Kashkari speculates that an increase in population could lead to higher housing demand, though he admits he hasn't deeply researched this topic.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 6:32 pm

SPY

Federal Reserve's Neel Kashkari indicates that the Fed's balance sheet reduction is ongoing. He identifies underbuilding, supply chain disruptions, labor shortages, and the rise of remote work as key contributors to housing inflation.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 6:31 pm

USGO

U.S. GoldMining shares rose following the announcement of an updated Mineral Resource Estimate for its Whistler Gold-Copper project in Alaska.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 6:31 pm