Streetbeat News

Stock Prices

CAT

Caterpillar Inc. (NYSE:CAT), a 'Dividend Aristocrat,' is forecasted by analysts to see a 22% stock price surge amid economic uncertainty. The company, known for its consistent dividend increases for over 25 years, has outperformed the market with a 21.1% YTD increase. Analysts rate CAT as a 'Moderate Buy' with a mean price target of $322.79, while Jefferies suggests a 22.8% upside potential. Caterpillar's strong financials, including a robust cash balance and significant cash flow generation, support continued dividend growth.

Portfolio Pulse from Benzinga Neuro

April 18, 2024 | 12:17 pm

HOMB

Home BancShares (NYSE:HOMB) reported Q1 adjusted EPS of $0.49, surpassing the $0.46 estimate, with sales of $246.39M also beating the $240.46M estimate. However, this represents a 9.26% decrease in earnings and a 0.95% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 12:17 pm

TSLA

Deutsche Bank analyst Emmanuel Rosner downgrades Tesla (TSLA) from Buy to Hold and lowers the price target from $189 to $123.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 12:14 pm

VFS

VinFast Auto Ltd. (NASDAQ:VFS) shares are rising in the premarket session after announcing its parent company, Vingroup, reached an agreement with institutional investors to partially redeem and amend $625.0 million of exchangeable bonds. The deal involves a 50% redemption of bonds held by each investor, with the rest subject to scheduled redemptions. This move comes as VinFast reaffirms its target to deliver 100,000 EVs in FY24, despite reporting a wider Q1 EPS loss than expected and a significant year-over-year revenue increase.

Portfolio Pulse from Nabaparna Bhattacharya

April 18, 2024 | 12:13 pm

AGBA

AGBA Group Holding's shares surged following the announcement of a definitive merger agreement with Triller, indicating a significant strategic move that could reshape its market position and growth trajectory.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 12:10 pm

FNKO

SECO

STKS

THCH

In Thursday's pre-market session, there were notable movements in the consumer discretionary sector. Secoo Holding, TH International, Lixiang Education Holding, EVgo, 2U, and Golden Heaven Group Holdings were among the gainers, with increases ranging from 7.31% to 17.4%. On the downside, The One Group Hospitality, Funko, Kidpik, Jianzhi Education Tech, Zapp Electric Vehicles, and Barnes & Noble Education saw declines between 5.24% and 35.3%. TH International's rise was attributed to its Q4 earnings report.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 12:09 pm

BPTH

ICU

NRXP

SINT

In Thursday's pre-market session, several healthcare stocks showed significant movement. Bio-Path Holdings, SINTX Techs, 23andMe Holding, Benitec Biopharma, Trevena, and Citius Pharma were among the gainers with notable percentage increases in their stock prices. Conversely, NRX Pharmaceuticals, Soligenix, Sonoma Pharmaceuticals, Mustang Bio, Dynatronics, and SeaStar Medical Holding were the losers, experiencing declines in their stock prices. SeaStar Medical specifically mentioned its Q4 earnings release two days ago.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 12:09 pm

DCFC

DFLI

EFX

In Thursday's pre-market session, several industrials stocks showed notable movements. Tritium DCFC, Graphex Gr, Addentax Group, Globus Maritime, Roma Green Finance, and Ideanomics were among the gainers, with increases ranging from 6.8% to 15.1%. Conversely, Caravelle Intl Gr, Equifax, Rentokil Initial, iPower, AERWINS Technologies, and Dragonfly Energy Hldgs experienced declines between 4.6% and 10.3%. Equifax and Dragonfly Energy Hldgs' movements were attributed to recent earnings reports.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 12:09 pm

CAN

HOLO

INFY

In Thursday's pre-market session, several information technology stocks showed significant movement. MicroCloud Hologram, Verb Tech, Red Cat Holdings, Rekor Systems, Smith Micro Software, and Mercurity Fintech Holding were among the gainers, with increases ranging from 11.88% to 48.7%. On the downside, Canaan, VIA optronics, Spectaire Holdings, X3 Holdings, Infosys, and DatChat experienced declines between 5.73% and 22.4%. Infosys's drop was notable following its Q4 earnings release.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 12:09 pm

UAL

B of A Securities analyst Andrew Didora maintains a Buy rating on United Airlines Holdings (NASDAQ:UAL) and raises the price target from $60 to $70.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 12:07 pm