Streetbeat News

Stock Prices

AAPL

MSFT

NVDA

NVIDIA Corp's (NASDAQ:NVDA) stock has surged by approximately 60% this year, following a threefold increase in 2023, propelling its market value to nearly $2 trillion. This has sparked Wall Street's interest in other AI-focused companies, with the Nasdaq Composite and S&P 500 reaching record highs. Analysts and portfolio managers emphasize AI's long-term potential, despite concerns of a market bubble. Microsoft Corp (NASDAQ:MSFT) and Apple Inc (NASDAQ:AAPL) are also mentioned as the largest U.S. companies by market cap.

Portfolio Pulse from Benzinga Neuro

March 01, 2024 | 9:05 am

KDP

Keurig Dr Pepper (KDP) has announced the pricing of up to 100 million common shares at $29.10 each by JAB. KDP plans to repurchase 35 million shares as part of this offering, under its $4 billion repurchase authorization, leaving approximately $1.8 billion remaining. Post-offering, JAB will own about 21% of KDP's outstanding stock, increasing KDP's public float to roughly 79%.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 8:50 am

AMZN

META

Jonathan Levin, Dean of Stanford Graduate School of Business, views the recent surge in insider stock sales by executives, including Jeff Bezos of Amazon and Mark Zuckerberg of Meta Platforms, as a healthy sign of a mid-cycle market. Despite concerns, Levin suggests these sales, part of executives' liquidity and diversification strategies, do not indicate market distress. Amazon and Meta shares have seen positive price action recently.

Portfolio Pulse from Benzinga Neuro

March 01, 2024 | 8:40 am

Li Auto Inc. reported a 21.8% year-over-year increase in vehicle deliveries for February 2024, totaling 20,251 vehicles. Cumulative deliveries reached 684,780 by the end of February 2024.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 8:36 am

NVDA

Aswath Damodaran, a respected NYU professor, expressed skepticism about Nvidia's (NASDAQ:NVDA) long-term investment appeal despite its current success in AI. He highlighted the company's overvaluation and the unrealistic revenue expectations needed to justify its market cap. Damodaran sold his Nvidia stake last year, citing concerns as a value investor. Despite this, he acknowledged Nvidia's potential for short-term gains but warned against long-term investment based on overly optimistic projections.

Portfolio Pulse from Shanthi Rexaline

March 01, 2024 | 8:18 am

DIS

The grandchildren of Walt Disney Co founders, Walt Disney and Roy Disney, have publicly supported CEO Bob Iger and the company's board in an open letter, criticizing activist investors, including billionaire Nelson Peltz, who have been challenging the company's management and strategies. This support comes amid a proxy war with Peltz, who advocates for cost-cutting, a more profitable streaming business, and better succession planning.

Portfolio Pulse from Benzinga Neuro

March 01, 2024 | 8:01 am

TNC

Tennant Company (NYSE:TNC) has acquired M&F Management and Financing GmbH, the parent company of TCS EMEA GmbH, its largest distributor in Central and Eastern Europe, to boost growth in the EMEA region. This acquisition expands Tennant's direct sales network into several countries, including Romania, Hungary, Czech Republic, Slovakia, Austria, Switzerland, Poland, and extends to the Middle East and Africa.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 7:29 am

PGRU

PropertyGuru Group (NYSE:PGRU) reported Q4 earnings of $0.01 per share, surpassing the $(0.02) estimate, marking a 135% increase from last year. However, their Q4 sales of $30.75M fell short of the $31.70M estimate, a 3.01% miss, but still represented a 9.24% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 7:24 am

FUBO

HAYW

PLUG

SATS

SNOW

U.S. stocks closed higher with the Nasdaq hitting a record high, driven by investor optimism following the PCE report. Hayward Holdings surged 13% after strong Q4 results, while Snowflake fell 18% due to its financial update and CEO transition. The PCE inflation rate slightly eased, and jobless claims rose. Sectors like communication services and IT saw significant gains, except healthcare and consumer staples. Investors await earnings from Plug Power, EchoStar, and fuboTV.

Portfolio Pulse from Avi Kapoor

March 01, 2024 | 6:54 am

DELL

PLUG

SATS

SOUN

U.S. stock futures traded higher with focus on stocks like Dell, which reported better-than-expected Q4 results and increased its dividend, and SoundHound AI, which reported weaker Q4 results. Plug Power, EchoStar, and Zscaler also reported financial results, with mixed reactions in after-hours trading.

Portfolio Pulse from Avi Kapoor

March 01, 2024 | 6:51 am