Streetbeat News

Stock Prices

SEIC

Oppenheimer has maintained its Outperform rating for SEI Inv (NASDAQ:SEIC) but lowered its price target from $71.00 to $68.00. SEI Inv's shares are currently trading at $57.73, and a move to $68.00 would represent a 17.79% increase. SEI Investments provides various financial services and manages, administers, or advises on over $1.2 trillion in assets.

Portfolio Pulse from Benzinga Insights

October 05, 2023 | 5:00 pm

ACCD

Raymond James has maintained its Outperform rating for Accolade (NASDAQ:ACCD) but lowered its price target from $15.00 to $12.00. Accolade's shares are currently trading down 7.9% at $8.98 per share. A move to $12.00 would represent a 33.63% increase from the current share price.

Portfolio Pulse from Benzinga Insights

October 05, 2023 | 5:00 pm

SPY

Federal Reserve's Daly stated that market probabilities for a Fed rate hike this year are not extraordinarily high, aligning with her perspective on the matter.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 4:56 pm

SPY

Federal Reserve Bank of San Francisco President Mary Daly stated that the Fed will continue its current monetary policy until it is confident that inflation is on a path to 2%. This statement may impact the overall market, including the SPDR S&P 500 ETF (SPY).

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 4:53 pm

SPY

Federal Reserve's Mary Daly stated that if inflation decreases more than projected, the Fed would need to adjust its policy accordingly. This statement could potentially impact the overall market and ETFs like SPY.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 4:53 pm

SONY

Sony Group Corp. is offering significant discounts on its PlayStation 5 (PS5) console in the U.K., including a bundle with 'EA Sports FC 24' for £409.99, well below the £540 retail price. The deal comes ahead of Prime Day 2 on Oct. 10-11, when other PS5 accessories are expected to be discounted. PS5 enthusiasts in other regions, including the U.S., may also anticipate potential discounts. Sony Interactive Entertainment (SIE) CEO Jim Ryan is set to retire in March 2024, with Hiroki Totoki, the President, COO, and CFO of Sony Group Corporation, taking over as SIE chair.

Portfolio Pulse from Franca Quarneti

October 05, 2023 | 4:52 pm

BE

Keybanc has maintained an Overweight rating on Bloom Energy's stock but has lowered its price target from $32 to $19. This has resulted in Bloom Energy shares trading lower.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 4:51 pm

BA

Boeing Company (NYSE:BA) and Abu Dhabi Future Energy Company PJSC – Masdar have announced a strategic partnership to boost the sustainable aviation fuel (SAF) industry. The collaboration aims to advance the development and adoption of SAF, aligning with the commercial aviation sector's goal to achieve net-zero emissions by 2050. The partnership will explore and support the development of SAF policies and accounting mechanisms in the UAE and internationally. Boeing's shares are trading lower by 0.34% to $186.09.

Portfolio Pulse from Nabaparna Bhattacharya

October 05, 2023 | 4:49 pm

ONEQ

SPY

A study by Datatrek Research suggests that technology stocks are likely to rally in October and Q4, based on the 'Strong January Return Indicator'. In January 2023, the S&P 500 index, tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY), surged by 6.2%, while the Nasdaq Composite, represented by the Fidelity Nasdaq Composite Index ETF (NYSE:ONEQ), gained 10.6%. Historically, both indices have shown strong performance in the fourth quarter of 'Strong January' years.

Portfolio Pulse from Piero Cingari

October 05, 2023 | 4:46 pm

GM

General Motors (GM) plans to reintroduce itself to the European market with the release of its all-electric Cadillac vehicles in Switzerland. This move marks GM's strategic return to Europe since its separation from the Opel and Vauxhall brands in 2017. The company plans to expand to five more European nations in the coming years, starting with Sweden and France. The Cadillac Lyriq, priced at $89,490, will be the pioneer model for the Swiss market. GM shares are currently trading lower by 2.64% at $30.21.

Portfolio Pulse from Shivani Kumaresan

October 05, 2023 | 4:45 pm