Streetbeat News

Stock Prices

BMY

Bristol-Myers Squibb (NYSE:BMY) has seen a 13.58% increase in short interest since its last report, with 37.25 million shares sold short, representing 1.84% of its float. This increase in short interest could indicate a more bearish market sentiment towards BMY, although it has less short interest compared to its peers' average of 4.07%. The article suggests that an increase in short interest does not necessarily predict a decline in stock price.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 3:00 pm

AMZN

The article provides an industry comparison of Amazon.com (NASDAQ:AMZN) against its competitors in the Broadline Retail industry, focusing on financial metrics like P/E, P/B, P/S ratios, ROE, EBITDA, gross profit, and revenue growth. Amazon's ratios suggest a premium valuation, with a P/E ratio significantly exceeding the industry average, indicating potential overvaluation. Despite a lower ROE compared to the industry, Amazon shows strong operational performance with higher EBITDA and gross profit. However, its revenue growth is below the industry average, raising concerns about its sales environment.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 3:00 pm

PLUG

Plug Power (NYSE:PLUG) has seen a 7.74% increase in its short percent of float since the last report, with 172.19 million shares sold short, representing 25.34% of its available trading shares. This indicates a bearish market sentiment, although it doesn't necessarily predict a near-term price drop. Plug Power's short interest is significantly higher than its peer group average of 10.44%.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 3:00 pm

NVDA

NVIDIA (NASDAQ:NVDA) stands out in the Semiconductors & Semiconductor Equipment industry with strong financial indicators compared to its competitors. With a PE ratio lower than the industry average, suggesting potential undervaluation, and significantly higher ROE, EBITDA, gross profit, and revenue growth, NVIDIA demonstrates robust profitability and sales performance. Its lower debt-to-equity ratio also indicates a strong financial position with less reliance on debt financing.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 3:00 pm

IR

Ingersoll Rand's (NYSE:IR) short interest has increased by 3.14% since the last report, with 5.02 million shares sold short, representing 1.64% of its float. It would take about 2.06 days to cover all short positions. This rise in short interest could indicate a more bearish market sentiment towards IR, although it has less short interest compared to its peer group average of 3.37%.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 3:00 pm

ARBUSD

Cryptocurrency Arbitrum (ARB) experienced a 3.59% price decrease over the last 24 hours, continuing a weekly downtrend of -3.0%. The trading volume for ARB has decreased by 35% over the past week, with its circulating supply also decreasing by 0.78% to over 2.65 billion. Currently, ARB's market cap ranks #35 at $3.65 billion.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 3:00 pm

BA

Boeing Company (NYSE:BA) shares have declined over 5% in the past five days amid ongoing scrutiny of its safety and quality standards. A new whistleblower has raised concerns about the 787 Dreamliners' fuselage sections, leading to a Senate hearing on Boeing's safety culture. Analysts from JP Morgan and B of A Securities have lowered their price targets for Boeing. Despite this, the average 1-year price target from analysts suggests a 37.8% upside in 2025.

Portfolio Pulse from Erica Kollmann

April 12, 2024 | 2:55 pm

ANET

CSCO

NVDA

Arista Networks Inc (ANET) received a double downgrade from Rosenblatt Securities, moving from Buy to Sell with a price target cut from $330 to $210. The downgrade is based on the belief that despite Ethernet's potential in the AI era, Arista is unlikely to significantly benefit, with Nvidia Corp (NVDA) expected to capture most of the gains. Arista's shares dropped 6.48% in premarket trading. Nvidia is seen as having significant advantages over Arista, especially in the Data Center sector, where it competes with Cisco Systems Inc (CSCO) as well.

Portfolio Pulse from Priya Nigam

April 12, 2024 | 2:55 pm

GL

Globe Life Inc. (NYSE:GL) shares experienced significant volatility, dropping over 50% Thursday after a short report from Fuzzy Panda Research alleging insurance fraud, then rebounding Friday on heavy trading volume. The company refuted the claims. Analysts have mixed ratings on GL, with an average 12-month price target of $121.86, suggesting potential upside.

Portfolio Pulse from Erica Kollmann

April 12, 2024 | 2:54 pm

APLD

Applied Digital Corporation (NASDAQ:APLD) reported Q3 results with revenue of $43.3 million, missing the consensus of $51.9 million, and an adjusted loss of 24 cents per share, worse than the expected 10 cents per share loss. The company faced challenges including power outages at their datacenter hosting business. Despite this, they made progress in Cloud Services and established a 100 MW HPC datacenter. Shares fell 6% to $2.8850. Analysts from Roth MKM and Lake Street adjusted their price targets on APLD following the earnings announcement.

Portfolio Pulse from Avi Kapoor

April 12, 2024 | 2:51 pm