Streetbeat News

Stock Prices

SPY

The upcoming PCE price index report is crucial for validating the Federal Reserve's recent interest rate cuts and predicting future cuts. Market experts expect a slight decrease in headline PCE inflation and a slight increase in core PCE inflation. The SPDR S&P 500 ETF Trust (SPY) has been trading higher ahead of the report.

Portfolio Pulse from Chris Katje

September 26, 2024 | 6:58 pm

ACN

CNXC

JBL

KTTA

MDXH

RYDE

TBIO

The Dow Jones index rose over 250 points, with Accenture reporting better-than-expected earnings and announcing a dividend increase and share repurchase. Telesis Bio, Pasithea Therapeutics, and Jabil saw significant stock price increases, while Concentrix, Ryde Group, and MDxHealth experienced declines.

Portfolio Pulse from Avi Kapoor

September 26, 2024 | 6:52 pm

CL

Colgate-Palmolive's stock (NYSE:CL) is trading at $102.50, down 1.20% recently, with a 2.73% decline over the past month but a 44.73% increase over the past year. The company's P/E ratio of 30.25 is lower than the industry average of 45.41, suggesting potential undervaluation or weaker growth prospects.

Portfolio Pulse from Benzinga Insights

September 26, 2024 | 6:45 pm

JWN

KeyBanc Capital Markets downgraded Nordstrom (NYSE:JWN) from Overweight to Sector Weight due to consumer pressure and potential M&A impact. The Nordstrom Family and Liverpool proposed a go-private transaction at $23 per share, which may limit stock upside.

Portfolio Pulse from Nabaparna Bhattacharya

September 26, 2024 | 6:35 pm

VZ

Verizon Communications (NYSE:VZ) has seen a 22.02% increase in its short percent of float, now at 1.33% of available shares. This indicates a rise in bearish sentiment, although it remains below the peer group average of 1.73%.

Portfolio Pulse from Benzinga Insights

September 26, 2024 | 6:30 pm

IONQ

IonQ's short interest has decreased by 8.3%, with 17.9% of its float sold short. This is higher than its peers' average of 6.28%. A decrease in short interest can indicate a more bullish sentiment.

Portfolio Pulse from Benzinga Insights

September 26, 2024 | 6:30 pm

BLK

BlackRock (NYSE:BLK) has significantly outperformed the market over the past 20 years, with an annualized return of 13.46%. A $100 investment in BLK 20 years ago would be worth $1,264.42 today, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

September 26, 2024 | 6:30 pm

SPXC

SPX Techs (NYSE:SPXC) has seen a 3.87% decrease in its short percent of float, now at 1.74%. This indicates a more bullish sentiment compared to its peers, whose average short interest is 2.53%.

Portfolio Pulse from Benzinga Insights

September 26, 2024 | 6:30 pm

UNH

UnitedHealth Group (NYSE:UNH) has significantly outperformed the market over the past 5 years, with an average annual return of 21.46%. A $100 investment in UNH 5 years ago would now be worth $264.17, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

September 26, 2024 | 6:30 pm

TBIO

Telesis Bio, Inc. (NASDAQ:TBIO) shares surged 41.4% after announcing a partnership with Beckman Coulter Life Sciences. The collaboration integrates Telesis Bio's DNA synthesis technology with Beckman Coulter's automation expertise, setting a new standard for biofoundries.

Portfolio Pulse from Dylan Berman

September 26, 2024 | 6:20 pm