Streetbeat News

Stock Prices

TSLA

Morgan Stanley analyst Adam Jonas conducted an investor survey revealing a negative sentiment towards Tesla Inc (TSLA) stock, with 84 investors expecting it to underperform compared to the S&P through year-end. Despite this, Jonas maintains an overweight rating on Tesla with a $345 price target, viewing the company as an amalgamation of energy, AI, and robotics. Tesla's CEO Elon Musk emphasizes the company's focus on AI and robotics, aiming to change its perception from merely an EV manufacturer.

Portfolio Pulse from Anan Ashraf

February 20, 2024 | 3:27 am

BTCUSD

DOGEUSD

ETHUSD

Cryptocurrencies showed mixed trading with strong demand for Bitcoin ETFs, attracting $2.4 billion last week. Bitcoin slightly declined, while Ethereum and Dogecoin saw gains. Analysts predict a significant surge in Bitcoin's value, potentially reaching $600K by 2025, equating to 300 ounces of gold. Ethereum is highlighted for its potential SEC-approved spot ETF, with a 50% chance of approval by May. The global cryptocurrency market cap increased by 0.42%, and futures linked to major US indices showed minor declines.

Portfolio Pulse from Mehab Qureshi

February 20, 2024 | 3:16 am

COF

DFS

Jim Cramer discussed the potential impact of Capital One Financial Corp's acquisition of Discover Financial Services on the stock market, suggesting Capital One's stock might rise due to Discover's substantial put and common short positions. The $35.3 billion all-stock deal aims to transform the credit card services landscape in the U.S., offering Discover shareholders a 26% premium over its last closing price. Cramer praised Capital One's management, particularly CEO Richard Fairbank, and indicated the deal could positively affect the financial sector.

Portfolio Pulse from Benzinga Neuro

February 20, 2024 | 2:30 am

COF

DFS

Capital One Financial Corp (NYSE:COF) is set to acquire Discover Financial Services (NYSE:DFS) in a $35.3 billion all-stock deal, expected to close by the end of 2024 or early 2025. This merger, which offers Discover shareholders a 26% premium, aims to reshape the credit card services landscape in the U.S. by combining two industry giants. The deal is seen as a strategic move to enhance Capital One's credit card portfolio and deposit base, following its acquisition of Velocity Black last year.

Portfolio Pulse from Michael Cohen

February 20, 2024 | 12:38 am

COF

DFS

Capital One Financial Corporation (COF) is set to acquire Discover Financial Services (DFS) in an all-stock deal valued at $35.3 billion. Discover shareholders will receive 1.0192 COF shares for each DFS share, representing a 26.6% premium based on the closing price of $110.49 on February 16.

Portfolio Pulse from Charles Gross

February 19, 2024 | 11:45 pm

JELD

JELD-WEN Holding (NYSE:JELD) reported Q4 earnings with a 37.04% beat on EPS estimates, posting $0.37 versus the expected $0.27. However, revenue decreased by $310.40 million from the same period last year. The company has a history of beating EPS estimates, which previously led to a 17.69% share price increase the day after last quarter's earnings announcement.

Portfolio Pulse from Benzinga Insights

February 19, 2024 | 9:40 pm

HSTM

HealthStream (NASDAQ:HSTM) reported Q4 earnings with an EPS of $0.15, beating estimates by 50% and marking a revenue increase of $2.04 million year-over-year. This follows a pattern of exceeding EPS estimates in previous quarters, with a notable 14.86% share price increase after last quarter's earnings beat.

Portfolio Pulse from Benzinga Insights

February 19, 2024 | 9:40 pm

EEIQ

PRTS

TCTM

In Monday's after-market session, 12 consumer discretionary stocks showed significant movement. EpicQuest Education Group, CarParts.com, Visionary Holdings, Dogness (Intl), Foresight Autonomous, and Selina Hospitality were among the gainers, with increases ranging from 4.56% to 10.2%. Conversely, Tarena International, Yunji, Sacks Parente Golf, Cheetah Net Supply Chain, JX Luxventure, and Sonder Holdings experienced declines between 8.13% and 20.6%.

Portfolio Pulse from Benzinga Insights

February 19, 2024 | 9:30 pm

CPOP

GXAI

WIMI

In Monday's after-market session, several Communication Services stocks experienced significant movements. WiMi Hologram Cloud, Pop Culture Gr, MoneyHero, NFT, FingerMotion, and Super League Enterprise were among the gainers, with increases ranging from 8.47% to 13.8%. Conversely, Gaxos.AI, Oriental Culture Holding, Gamer Pakistan, AirNet Technology, MultiMetaVerse Holdings, and 36KR Holdings were the losers, with declines ranging from 7.12% to 23.7%.

Portfolio Pulse from Benzinga Insights

February 19, 2024 | 9:30 pm

IOVA

MEDS

UPC

VRPX

In Monday's after-market session, several health care stocks showed significant movement. Trxade Health (MEDS) saw a notable increase of 105.3%, while Universe Pharmaceuticals (UPC) experienced a significant decrease of 27.6%. Other stocks such as Iovance Biotherapeutics (IOVA) and Virpax Pharmaceuticals (VRPX) also saw upward movements, whereas companies like Sientra (SIEN) and Femasys (FEMY) faced declines.

Portfolio Pulse from Benzinga Insights

February 19, 2024 | 9:30 pm