Streetbeat News

Stock Prices

APD

Air Products and Chemicals, Inc. (APD) reported lower-than-expected Q1 financial results and reduced its FY24 EPS guidance, leading to a 0.4% drop in its stock price. Analysts from Barclays, BMO Capital, Mizuho, JP Morgan, and Seaport Global adjusted their price targets and ratings in response.

Portfolio Pulse from Avi Kapoor

February 06, 2024 | 7:40 pm

BGNE

NVS

JP Morgan has resumed coverage on BeiGene Ltd (NASDAQ:BGNE), issuing an Overweight rating with a price target of $185, citing the recent pullback as an investment opportunity. The firm highlights BeiGene's strong product pipeline, including the blood cancer drug Brukinsa and the PD-1 inhibitor Tevimbra, as key valuation supports. The recent regaining of Tevimbra's commercial rights from Novartis AG (NYSE:NVS) is seen as an incremental opportunity for BeiGene.

Portfolio Pulse from Vandana Singh

February 06, 2024 | 7:38 pm

NET

Financial analysis reveals a bearish sentiment among big money traders on Cloudflare (NYSE:NET), with 54% showing bearish tendencies in recent options trades. Despite this, the volume and open interest trends indicate a targeted price range of $30.0 to $100.0. Cloudflare's current trading volume is 1,851,022, with a slight price decrease of -0.09%, positioned at $80.75. Professional analysts have set an average price target of $92.25, with ratings ranging from Overweight to Market Outperform.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 7:31 pm

BRTX

PLTR

PRSO

SUNW

TENX

ULCC

WTW

Nasdaq fell by 50 points while Willis Towers Watson reported better-than-expected Q4 earnings. Tenax Therapeutics, Palantir Technologies, and Frontier Group Holdings saw significant stock increases, whereas Sunworks, BioRestorative Therapies, and Peraso Inc. experienced major declines. The materials sector led gains, while information technology shares dropped.

Portfolio Pulse from Avi Kapoor

February 06, 2024 | 7:30 pm

ASML

ASML Holding (NASDAQ:ASML) has significantly outperformed the market over the past 15 years, delivering an average annual return of 27.9%. A $100 investment in ASML 15 years ago would be worth $3,967.12 today. The company's market capitalization currently stands at $353.74 billion.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 7:30 pm

RIOT

Over the past 5 years, Riot Platforms (NASDAQ:RIOT) has outperformed the market with an annualized return of 25.32%, averaging 38.03% annually. With a current market cap of $2.16 billion, a $100 investment in RIOT 5 years ago would now be worth $448.15. This showcases the impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 7:30 pm

BTTR

RKDA

STSS

Insiders at Sharps Technology, Better Choice Company, and Arcadia Biosciences have recently made significant stock purchases. These transactions indicate insider confidence in these companies, which are all trading under $3. Sharps Technology's CEO acquired shares following a strategic LOI, Better Choice's Director made a large purchase after a positive earnings report, and Arcadia Biosciences' CFO bought shares also after a favorable earnings outcome.

Portfolio Pulse from Avi Kapoor

February 06, 2024 | 7:30 pm

ATHM

Autohome's shares experienced an increase following the announcement of their Q4 results, which surpassed expectations.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 7:27 pm

FXI

NYCB

PLTR

SOXX

TLT

XLB

XLK

Wall Street's major indices showed mixed performance as investors awaited Federal Reserve officials' speeches. The Nasdaq 100 and iShares Semiconductor ETF (SOXX) fell, while the iShares 20+ Year Treasury Bond ETF (TLT) and iShares China Large-Cap ETF (FXI) rose. New York Community Bancorp (NYCB) plummeted after concerns over commercial real estate loans. Sector-wise, the Materials SPDR Select Sector Fund (XLB) led gains, while the Technology SPDR Select Sector Fund (XLK) lagged. Notable stock movements included Palantir Technologies (PLTR) surging on strong earnings.

Portfolio Pulse from Piero Cingari

February 06, 2024 | 7:24 pm

CTS

CTS shares surged following the announcement of impressive Q4 financial results, surpassing expectations. The company also provided optimistic guidance for 2024 and revealed plans for a $100 million share repurchase program.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 7:23 pm