Streetbeat News

Stock Prices

FAST

Fastenal Inc.'s (NASDAQ:FAST) share price is currently at $55.22, after a 0.36% increase. Over the past month, the stock decreased by 0.56%, but in the past year, it increased by 20.02%. The company's P/E ratio of 28.07 is higher than the aggregate P/E ratio of 16.96 in the Trading Companies & Distributors industry, indicating that investors expect the company to perform better in the future or that the stock is overvalued.

Portfolio Pulse from Benzinga Insights

October 05, 2023 | 4:45 pm

ORCL

Jim Lebenthal announced on CNBC that he has increased his holdings in Deere & Co and Oracle.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 4:40 pm

JNJ

Shares of Johnson & Johnson (NYSE:JNJ) recovered slightly after a previous session's drop. RBC Capital Markets analyst Shagun Singh initiated coverage of the company with an Outperform rating and a price target of $178. Singh believes that the company is uniquely positioned with Pharma and MedTech under one umbrella and has unlocked potential with the separation of its Consumer Health segment. He also expressed optimism around the MedTech franchise.

Portfolio Pulse from Priya Nigam

October 05, 2023 | 4:40 pm

ESMT

Private equity firm General Atlantic is reportedly exploring a sale of EngageSmart, leading to a rise in the company's shares.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 4:40 pm

BTCUSD

ETHUSD

SOLUSD

Crypto venture capitalist Chris Burniske predicts a phase of selling exhaustion in the cryptocurrency market, suggesting potential buying opportunities. He anticipates Bitcoin could drop to the low $20Ks and Ethereum to the low $1Ks, while most long-tail assets, except Solana, could hit new lows. Despite the current market fear, Burniske remains optimistic about the future, emphasizing the importance of patience and persistence for potential buyers.

Portfolio Pulse from Murtuza Merchant

October 05, 2023 | 4:32 pm

PPG

PPG Industries' (NYSE:PPG) short percent of float has fallen 35.24% since its last report, with 1.60 million shares sold short, which is 0.68% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards PPG. Compared to its peers, PPG has less short interest as a percentage of float, with an average of 4.04%.

Portfolio Pulse from Benzinga Insights

October 05, 2023 | 4:31 pm

ASB

BANC

EWBC

FHN

FIBK

FNB

PNFP

WAL

Wells Fargo analyst Timur Braziler has downgraded four banks to Equal Weight from Overweight, citing interest rate pressures and credit risks. The banks are Associated Banc-Corp (ASB), Banc Of California (BANC), First Interstate BancSystem (FIBK), and First Horizon Corp (FHN). Braziler's top picks include F N B Corp (FNB), Western Alliance Bancorp (WAL), East West Bancorp Inc (EWBC), and Pinnacle Financial Partners Inc (PNFP).

Portfolio Pulse from Anusuya Lahiri

October 05, 2023 | 4:30 pm

AME

AMETEK's (NYSE:AME) short percent of float has risen 28.95% since its last report, with 2.00 million shares sold short, which is 0.98% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, AMETEK has less short interest as a percentage of float, with an average of 12.12%.

Portfolio Pulse from Benzinga Insights

October 05, 2023 | 4:30 pm

Micron Technology's (NYSE:MU) short percent of float has risen 30.86% since its last report, with 24.97 million shares sold short, which is 2.29% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, Micron Technology has less short interest.

Portfolio Pulse from Benzinga Insights

October 05, 2023 | 4:30 pm

AVGO

NVDA

TSM

Taiwan Semiconductor Manufacturing Company Ltd (TSM), Nvidia Corp (NVDA), and Broadcom Inc (AVGO) are collaborating to expedite the development of silicon photonics, a technology that could revolutionize data transmission in the semiconductor sector. Analysts predict the silicon photonics market could reach $7.86 billion by 2025. Morgan Stanley has added a position in Nvidia.

Portfolio Pulse from Anusuya Lahiri

October 05, 2023 | 4:30 pm