Streetbeat News

Stock Prices

RGA

Reinsurance Group Of America's shares increased following the announcement of their Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 2:13 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo for May 3rd, 2024, provides trading strategies for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, based on a proprietary formula. It outlines potential price movements for these assets, suggesting levels for bulls and bears to watch. The memo also highlights the importance of upcoming economic reports, including Non-Farm Payrolls, Average Hourly Earnings, and the ISM Services Index, which could significantly impact market volatility and trading strategies.

Portfolio Pulse from RIPS

May 03, 2024 | 2:12 pm

DIS

FOX

FUBO

IRBO

VERS

WBD

FuboTV Inc (NYSE:FUBO) reported fiscal Q1 2024 results with a 24% Y/Y sales increase to $402.4 million, surpassing analyst estimates. Adjusted EPS loss improved to $(0.11), beating expectations. The company saw significant growth in North America with a 24% revenue increase and an 18% rise in paid subscribers. FuboTV remains optimistic about its antitrust lawsuit against The Walt Disney Co (NYSE:DIS), FOX Corp (NASDAQ:FOX), and Warner Bros. Discovery Inc (NASDAQ:WBD). FuboTV's stock fluctuated, opening with a 10% premarket gain but closing down 5.16% at $1.46. The company's performance and legal confidence could impact its stock and those of DIS, FOX, and WBD. FUBO is also featured in ProShares Trust ProShares Metaverse ETF (NYSE:VERS) and IShares Robotics And Artificial Intelligence Multisector ETF (NYSE:IRBO).

Portfolio Pulse from Anusuya Lahiri

May 03, 2024 | 2:10 pm

AMGN

Barclays analyst Carter Gould upgrades Amgen (NASDAQ:AMGN) from Underweight to Equal-Weight and raises the price target from $230 to $300, indicating a more favorable outlook for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 2:10 pm

PARA

A significant option trade was made on Paramount Global (PARA) involving January 2026 $15 calls, with 289 contracts bought at $3.0 each. This activity occurs against an open interest of 8045 contracts, with the stock reference price at $14.215.

Portfolio Pulse from Charles Gross

May 03, 2024 | 2:08 pm

CTRA

Coterra Energy announced during a conference call that they do not plan to bring any projects online in the Marcellus region during Q2, leading to lower gas volumes quarter-over-quarter before stabilizing in the second half of 2024. The company is currently operating with one rig and one reduced frac crew in the Marcellus, focusing on decelerating activity and reducing costs due to challenging near-term gas markets.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 2:07 pm

AGCO

Recent analyst ratings for AGCO (NYSE:AGCO) show a mix of bullish and somewhat bullish perspectives, with a shift in sentiment over the last three months. The average 12-month price target for AGCO has been adjusted to $145.6, down from $148.50, indicating a slight decrease in analyst expectations. Key financial indicators suggest AGCO is performing well in terms of net margin, ROE, and ROA, but faces challenges in revenue growth and market capitalization. Analysts from Truist Securities, Oppenheimer, and JP Morgan have updated their ratings and price targets, reflecting their views on AGCO's market performance and financial health.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 2:01 pm

SHAK

Analysts have updated their ratings on Shake Shack (NYSE:SHAK), with 22 analysts offering a diverse range of perspectives from bullish to bearish over the last three months. The average 12-month price target for SHAK has been raised to $109.59, up 23.13% from the previous $89.00, with a high estimate of $125.00 and a low of $80.00. Recent analyst actions include upgrades and maintains, reflecting a generally positive outlook on the company's performance, which has shown solid revenue growth of approximately 20.0% as of December 31, 2023, and an exceptional net margin of 2.52%, despite a below-average return on equity (ROE) of 1.68% and return on assets (ROA) of 0.46%.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 2:01 pm

MEDP

Over the past 5 years, Medpace Holdings (NASDAQ:MEDP) has significantly outperformed the market, with an annualized return of 47.25%, turning a $100 investment into $676.82. The company now has a market capitalization of $12.28 billion.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 2:00 pm

CHD

Analysts have mixed views on Church & Dwight Co (NYSE:CHD), with ratings ranging from bullish to bearish among 16 experts. The average 12-month price target is $105.56, showing a 6.84% increase from the previous target of $98.80. Recent actions by analysts include various rating upgrades and price target adjustments, reflecting a generally positive outlook on the company's performance. Church & Dwight, known for its diverse product portfolio including the Arm & Hammer brand, has shown a revenue growth of 6.41% and maintains a strong net margin of 10.06%, despite having a market capitalization below industry averages and lower than average ROE and ROA.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 2:00 pm