Streetbeat News

Stock Prices

NEE

NextEra Energy (NYSE:NEE) has delivered an average annual return of 10.74% over the past 20 years, turning a $1000 investment into $7,675.14 today. With a current market capitalization of $130.93 billion, NEE's performance highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

March 28, 2024 | 4:30 pm

MET

MetLife (NYSE:MET) has seen a decrease in short interest, with the short percent of float falling 11.36% to 1.17% of all shares available for trading. This indicates a potential shift in market sentiment towards the stock, as a decrease in short interest can signal increased bullishness among investors. MetLife's short interest is also below its peer group average of 2.21%, suggesting a relatively more positive outlook compared to its peers.

Portfolio Pulse from Benzinga Insights

March 28, 2024 | 4:30 pm

MO

Altria Group's (NYSE:MO) short interest has decreased by 10.75% since the last report, with 14.61 million shares sold short, representing 0.83% of its float. This decrease in short interest could indicate a more bullish sentiment towards MO among traders. The company's short interest is below its peer group average of 3.02%, suggesting less bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

March 28, 2024 | 4:30 pm

AVTX

BDRX

DTST

PMEC

UGRO

WBA

XLO

Walgreens Boots Alliance Inc (NASDAQ:WBA) reported better than expected Q2 earnings and tightened FY24 guidance, with sales increasing 6.3% Y/Y to $37.1 billion and adjusted EPS up 3.4% to $1.20. Avalo Therapeutics, Inc. (NASDAQ:AVTX), Xilio Therapeutics, Inc. (NASDAQ:XLO), and Biodexa Pharmaceuticals Plc (NASDAQ:BDRX) saw significant stock price increases due to strategic acquisitions and agreements. Conversely, Primech Holdings Ltd. (NASDAQ:PMEC), urban-gro, Inc. (NASDAQ:UGRO), and Data Storage Corporation (NASDAQ:DTST) experienced notable declines following financial updates and earnings reports.

Portfolio Pulse from Avi Kapoor

March 28, 2024 | 4:30 pm

CTAS

Cintas Corporation (NASDAQ:CTAS) reported better-than-expected Q3 financial results, with earnings of $3.84 per share and quarterly sales of $2.406 billion, surpassing estimates. The company raised its FY24 guidance, leading to a slight increase in its share price. Following the announcement, several analysts raised their price targets on Cintas, reflecting a positive outlook on the stock.

Portfolio Pulse from Avi Kapoor

March 28, 2024 | 4:28 pm

NKLA

Nikola Corp (NASDAQ:NKLA) is potentially experiencing a short squeeze, indicated by a 20.6% short interest and significant Reddit discussions. Technical analysis shows a bullish trend despite some bearish signals, suggesting volatility. The stock is trading above key moving averages, with positive MACD and high RSI indicating overbought conditions. High volumes of call options purchases and increased trading volume support the potential for a short squeeze.

Portfolio Pulse from Surbhi Jain

March 28, 2024 | 4:26 pm

F

Ford is reducing its workforce at the Rogue Electric Vehicle Center by two-thirds due to decreased demand for the F-150 Lightning, shifting focus to smaller, cheaper EVs. The company plans to reallocate 1,400 workers, with no anticipated job losses, and add a third shift at the Michigan Assembly Plant to accommodate the production of other models. This move contrasts sharply with the previous year's hiring spree to meet the high demand for the F-150 Lightning.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 4:25 pm

REX

REX American Resources shares surged following the announcement of their Q4 GAAP EPS results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 4:25 pm

GRWG

GrowGeneration Corp. (NASDAQ:GRWG) has initiated a $6M share repurchase program, signaling confidence in the company's valuation and future. Despite a revenue drop of 18.8% in 2023, the company saw improved gross margins from a strategic shift towards proprietary product sales. For 2024, GrowGen projects revenue between $205M-$215M and an adjusted EBITDA ranging from a $2M loss to a $3M profit, focusing on brand enhancement and entering the home gardening market. Shares rose 0.98% in after-hours trading.

Portfolio Pulse from Jelena Martinovic

March 28, 2024 | 4:20 pm

UBER

Investors have shown a bullish stance on Uber Technologies (NYSE:UBER), with Benzinga's options scanner revealing 11 unusual options trades. The sentiment among these trades is mixed, with 54% bullish and 45% bearish, targeting a price range of $62.5 to $90.0 for UBER over the last 3 months. Significant trades include both puts and calls with varying sentiments and strike prices. Uber's current trading volume is 4,072,390, with a slight price decrease of -0.46%, standing at $77.75. Analysts have issued ratings with a consensus target price of $91.5, reflecting a generally positive outlook.

Portfolio Pulse from Benzinga Insights

March 28, 2024 | 4:16 pm