Streetbeat News

Stock Prices

ABNB

Airbnb Inc (NASDAQ:ABNB) shares dropped following Q4 financial results, despite beating revenue estimates with $2.22 billion and reporting adjusted earnings of $0.76 per share. The company also announced a $6 billion share repurchase program. Analyst reactions were mixed, with DA Davidson downgrading the stock to Neutral and setting a price target of $145, while Needham maintained a Buy rating and raised the price target to $160.

Portfolio Pulse from Adam Eckert

February 14, 2024 | 2:31 pm

TOL

Over the past 5 years, Toll Brothers (NYSE:TOL) has outperformed the market with an annualized return of 22.19%, turning a $1000 investment into $2,723.38 today. The company's market capitalization stands at $10.53 billion.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 2:30 pm

JPM

Over the past 10 years, JPMorgan Chase (NYSE:JPM) has produced an average annual return of 11.56%, outperforming the market by 1.14% on an annualized basis. With a current market capitalization of $502.56 billion, a $1000 investment in JPM stock a decade ago would be worth $2,986.84 today.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 2:30 pm

GNRC

Generac Holdings Inc. (NYSE:GNRC) shares fell in premarket trading after reporting Q4 earnings and revenue that missed analyst expectations. The company posted adjusted earnings of $2.07 per share versus the consensus of $2.08, and revenue of $1.064 billion against expectations of $1.094 billion. Despite a year-over-year net sales increase of 1% and improvements in gross profit margin, the company's full-year 2024 net sales growth guidance of 3% to 7% also fell short of the consensus. Generac announced a new stock repurchase program of up to $500 million over the next 24 months.

Portfolio Pulse from Nabaparna Bhattacharya

February 14, 2024 | 2:26 pm

CLSK

CleanSpark Inc (NASDAQ:CLSK) shares have surged, hitting new 52-week highs, largely due to the rising price of Bitcoin, which crossed the $50,000 mark for the first time in two years. The company, a Bitcoin miner, recently reported fiscal first quarter earnings that exceeded analyst expectations. This performance is attributed to increased institutional adoption of Bitcoin, spurred by the approval of spot ETFs and anticipation of April's halving event.

Portfolio Pulse from Adam Eckert

February 14, 2024 | 2:24 pm

ACRE

CMTG

NYMT

REM

XLRE

The U.S. housing market is under pressure as mortgage rates hit a 2-month peak of 6.87%, driven by strong economic data and higher-than-expected inflation. This has led to a decrease in mortgage applications and a significant drop in real estate and mortgage-related stocks. The Real Estate Select Sector SPDR Fund (XLRE) and the iShares Mortgage Real Estate ETF (REM) saw declines of 1.8% and 3.9%, respectively. Individual stocks like Claros Mortgage Trust, Inc. (CMTG), Ares Commercial Real Estate Corporation (ACRE), and New York Mortgage Trust, Inc. (NYMT) also experienced notable drops.

Portfolio Pulse from Piero Cingari

February 14, 2024 | 2:23 pm

ARBK

MSTR

RIOT

Shares of crypto-related stocks are trading higher due to an increase in Bitcoin's value. This includes companies across various sectors within the cryptocurrency industry.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 2:20 pm

AMTD

AMTD IDEA Group has announced a $20M share repurchase program, signaling confidence in the company's future prospects and potentially increasing shareholder value by reducing the number of shares outstanding.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 2:17 pm

CORN

HOOD

NVDA

TSLA

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 2:13 pm

TSEM

Tower Semiconductor Ltd (NASDAQ:TSEM) reported a Q4 FY23 revenue decline of 12.8% year-on-year to $351.71 million, slightly above consensus estimates. Adjusted EPS was $0.55, beating consensus estimates of $0.52. The company is undergoing operational optimization by consolidating its manufacturing operations and phasing out certain lower-margin products. Despite a decrease in gross and operating profit, the company generated $126 million in operating cash flow and holds $1.24 billion in cash. The outlook for Q1 revenue is $325 million, aligning with consensus estimates. TSEM shares rose 4.05% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

February 14, 2024 | 2:11 pm