Streetbeat News

Stock Prices

DKNG

DraftKings shares surged following a positive initiation by Goldman Sachs, which gave the stock a buy rating and set a price target of $60.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 5:25 pm

SE

Sea Limited's stock (SE) is trading higher following reports from JP Morgan that TikTok's decision to increase commissions in Indonesia could positively impact Shopee, a key part of Sea Limited's e-commerce segment.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 5:24 pm

KBWB

NTRS

SAEF

Northern Trust Corporation (NTRS) shares fell after reporting Q1 FY24 results with a 6% Y/Y sales decline to $1.65 billion, missing estimates, and a sharp EPS drop to $0.96 from $1.51 Y/Y. Adjusted EPS beat estimates at $1.70. Expenses rose 6% Y/Y, and assets under management were $1.5 trillion. The company returned $285.4 million to shareholders. Exposure to NTRS can be gained through KBWB and SAEF ETFs.

Portfolio Pulse from Lekha Gupta

April 16, 2024 | 5:24 pm

SPY

Fed Chair Jerome Powell is currently participating in a fireside chat at a Washington forum, focusing on the Canadian economy. The event may influence market perceptions and expectations regarding monetary policy and its impact on both the U.S. and Canadian economies.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 5:22 pm

NVDA

NVIDIA shares are trading higher following an Outperform rating and a $1,160 price target initiation by Evercore ISI Group.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 5:19 pm

JNJ

Johnson & Johnson's stock is trading lower following the company's issuance of its 2024 guidance, indicating potential concerns or disappointments from investors regarding the company's future financial outlook.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 5:10 pm

SLV

Silver prices are declining as investors move away from safe-haven assets following Iran's attack on Israel. This shift is accompanied by an increase in Treasury yields, which strengthens the dollar.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 5:09 pm

LYV

The Department of Justice (DOJ) is reportedly preparing to file a lawsuit against Live Nation Entertainment (NYSE:LYV), the parent company of Ticketmaster, over antitrust concerns. This follows increased scrutiny after Ticketmaster's website crashed during a presale for Taylor Swift's 'The Eras Tour', highlighting issues with ticket availability and high fees. Live Nation, which merged with Ticketmaster in 2010, is accused of having a dominant position in the ticketing market, with an 80% market share in primary ticket sales for the largest U.S. venues. The DOJ's investigation may have found violations of a revised settlement from the 2010 merger, which was extended through 2025.

Portfolio Pulse from Chris Katje

April 16, 2024 | 5:07 pm

SOLUSD

Solana (SOLUSD) is trading lower due to overall weakness in the cryptocurrency market, exacerbated by market volatility following Iran's recent attack on Israel, which could affect risk sentiment.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 5:07 pm

ETHUSD

Ethereum (ETHUSD) is trading lower due to overall crypto market weakness, exacerbated by recent geopolitical tensions following Iran's attack on Israel, which has increased market volatility and could affect risk sentiment.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 5:06 pm