Streetbeat News

Stock Prices

CEG

KEP

OTTR

VST

As of Feb. 8, 2024, four utilities stocks are considered overbought based on their RSI values, indicating potential short-term performance concerns. Korea Electric Power Corporation (KEP), Vistra Corp. (VST), Constellation Energy Corporation (CEG), and Otter Tail Corporation (OTTR) have all seen significant price gains recently, pushing their RSI values above 70, a level often considered overbought.

Portfolio Pulse from Avi Kapoor

February 08, 2024 | 12:03 pm

CYBR

CyberArk Software (NASDAQ:CYBR) reported Q4 adjusted EPS of $0.81, surpassing the $0.47 estimate, marking a 406.25% increase from last year's $0.16. Q4 sales reached $223.10M, exceeding the $209.68M estimate, a 31.90% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 12:03 pm

MAS

Masco Corporation (NYSE:MAS) reported Q4 adjusted earnings per share (EPS) of $0.83, surpassing the consensus estimate of $0.66 by 25.76%. This represents a 27.69% increase from the previous year's EPS of $0.65. Quarterly sales reached $1.88 billion, exceeding expectations by 5.14% but marking a 2.13% decrease from the previous year's $1.92 billion.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 12:02 pm

BABA

12 analysts have recently updated their evaluations of Alibaba Group Holding (NYSE:BABA), showing a mix of bullish to bearish sentiments. The average 12-month price target is now $113.95, down from $132.40, indicating a 13.94% decline. Analysts from firms like Macquarie, Baird, and JP Morgan have adjusted their price targets and ratings, reflecting changes in market conditions and Alibaba's performance. Alibaba's financials show strong revenue growth and net margin but a below-average return on equity.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 12:00 pm

SLAB

Four analysts have recently updated their ratings on Silicon Laboratories (NASDAQ:SLAB), showing a mix of bullish and somewhat bullish sentiments. The average 12-month price target for SLAB has been raised to $146.25, indicating a 21.54% increase from the previous target. Analysts from JP Morgan, Barclays, and Stifel have raised their price targets, reflecting optimism about the company's future performance despite a -24.48% decline in revenue growth and a market capitalization below industry benchmarks. SLAB's net margin and ROE outperform industry standards, suggesting efficient cost management and financial health.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 12:00 pm

ALLY

Ally Financial (NYSE:ALLY) has been analyzed by 9 analysts, showing a mix of ratings from bullish to bearish. The average 12-month price target is $38.89, up 18.57% from the previous $32.80, with a high of $47.00 and a low of $29.00. Analyst actions include ratings from 'Overweight' to 'Underweight' and adjustments in price targets. Ally Financial, a major consumer auto lender, has shown a revenue growth of 5.39% as of December 31, 2023, but struggles with below-industry averages in net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 12:00 pm

PWP

Perella Weinberg reported Q4 2023 adjusted EPS of $0.08, surpassing the $0.04 estimate, with sales of $212.68M exceeding the $176.24M forecast. This represents a 16.12% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 12:00 pm

APD

UBS analyst Joshua Spector downgraded Air Products & Chemicals (APD) from Buy to Neutral and reduced the price target from $328 to $241, indicating a more cautious outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 12:00 pm

RBLX

Roblox Corp (NYSE:RBLX) reported a 25% Y/Y increase in Q4 FY23 Bookings to $1.13 billion, surpassing the $1.08 billion consensus. GAAP EPS loss was 52 cents, better than the expected 55 cents loss. Revenue grew 30% Y/Y to $749.9 million. DAUs increased by 22% to 71.5 million, and Hours Engaged rose by 21% to 15.5 billion. CEO David Baszucki expressed confidence in reaching over 1 billion DAUs. Q1 and FY24 bookings forecasts exceed consensus. Following the report, RBLX shares surged 10.2%, and analysts from Needham, Goldman Sachs, and Barclays raised their price targets.

Portfolio Pulse from Avi Kapoor

February 08, 2024 | 11:59 am

BNRE

Brookfield Reinsurance (BNRE) reported a 50% decrease in Q4 EPS to $0.07 from $0.14 YoY, while sales increased by 69.24% to $2.33B from $1.38B YoY.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 11:58 am