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Stock Prices

AMZN

Over the past 20 years, Amazon.com (NASDAQ:AMZN) has produced an average annual return of 24.05%, outperforming the market by 16.51% annually. With a current market capitalization of $1.76 trillion, a $100 investment in AMZN 20 years ago would be worth $7,311.34 today. This highlights the significant impact of compounded returns over time.

Portfolio Pulse from Benzinga Insights

February 07, 2024 | 4:00 pm

EMR

Emerson Electric Co (NYSE:EMR) shares surged after reporting a 22% Y/Y increase in Q1 FY24 net sales to $4.12 billion, surpassing the $3.92 billion consensus. Adjusted EPS rose 56% Y/Y to $1.22, beating the $1.04 consensus. The company also raised its FY24 net sales and adjusted EPS outlook, and declared a quarterly dividend of $0.525 per share.

Portfolio Pulse from Lekha Gupta

February 07, 2024 | 3:58 pm

FUBO

FuboTV Inc (NYSE:FUBO) shares plummeted following the announcement of a joint venture between Disney’s ESPN, Warner Bros Discovery, and Fox to launch a sports streaming service. This new platform, launching in the fall, is seen as direct competition to FuboTV, which offers a mix of sports, news, and entertainment content. Analysts from Needham and Cantor Fitzgerald have expressed concerns over the potential impact on FuboTV, highlighting the risk of increased churn and the need for heightened marketing efforts if the new service is priced competitively.

Portfolio Pulse from Adam Eckert

February 07, 2024 | 3:52 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo for February 7th, 2024, provides trading strategies for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, based on a proprietary formula. It offers detailed support and resistance levels for each asset, advising traders to monitor these stocks for potential breakouts or reversals. The memo also highlights the importance of staying alert to adjust tactics according to the market's pulse. Additionally, it mentions the lighter schedule of data releases and the significance of scheduled Fed speakers and the Treasury's 10-Year Note Auction.

Portfolio Pulse from RIPS

February 07, 2024 | 3:49 pm

MLNK

MeridianLink Inc (MLNK) shares dropped 14.5% to $18.88 after announcing a secondary offering of 6,906,015 shares at $19.00 each, an increase from the initial announcement. The offering includes a 30-day option for underwriters to buy up to an additional 675,000 shares. MeridianLink will repurchase 2,406,015 shares using existing cash but will not receive proceeds from the sale. Citigroup and J.P. Morgan are leading the offering. MLNK's 52-week range is $13.62 to $25.88.

Portfolio Pulse from Henry Khederian

February 07, 2024 | 3:48 pm

GM

General Motors Co (NYSE:GM) has entered into a $19 billion supply contract with LG Chem for cathode materials, essential for EV batteries. This deal, spanning from 2026 to 2035, will support the production of 5 million high-performance EVs. The partnership emphasizes strengthening the North American supply chain, particularly through LG Chem's cathode plant in Tennessee. Additionally, GM reported a slight sales decline in Q4 FY23 but beat analyst estimates, with a positive outlook for FY24.

Portfolio Pulse from Lekha Gupta

February 07, 2024 | 3:46 pm

NYCB

New York Community Bancorp (NYCB) is actively seeking investors to finance a large portfolio of residential mortgages amid growing pressures. The company aims to inject liquidity into its Flagstar Bank unit's mortgage portfolio through third-party capital. NYCB is considering a synthetic risk transfer for about $5 billion of home loans, originated at lower interest rates, to offload mortgage risk. Additionally, NYCB plans to sell its RV loans as part of its strategy to mitigate real estate-related concerns, which have significantly impacted its share price.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 3:46 pm

MLNK

MeridianLink's stock price is trading lower following the announcement of a $131.2 million secondary offering. The offering consists of 6.9 million shares priced at $19 each, sold by certain stockholders.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 3:46 pm

SO

Southern's (NYSE:SO) short interest has increased by 6.14%, reaching 13.17 million shares or 1.21% of its float. This indicates a bearish market sentiment, although it's below the peer group average of 2.53%. The rise in short interest doesn't necessarily predict a price drop but suggests increased short selling activity.

Portfolio Pulse from Benzinga Insights

February 07, 2024 | 3:45 pm

BGS

B&G Foods (NYSE:BGS) has seen a 22.14% decrease in short interest, now at 6.52 million shares or 11.71% of float, taking traders 6.21 days to cover. This decline in short interest could indicate a more bullish sentiment towards BGS compared to its peers, where the average short interest is 7.60% of float.

Portfolio Pulse from Benzinga Insights

February 07, 2024 | 3:45 pm