Streetbeat News

Stock Prices

HES

Hess Inc.'s shares are currently trading at $153.24, after a 2.17% drop. Despite a 2.52% fall over the past month, the stock has risen by 31.20% over the past year. The company's price-to-earnings (P/E) ratio is 32.7, significantly higher than the Oil, Gas & Consumable Fuels industry average of 7.79. This could indicate that the stock is overvalued or that shareholders expect it to outperform its industry group.

Portfolio Pulse from Benzinga Insights

September 29, 2023 | 7:00 pm

AAL

JETS

LUV

UAL

A potential government shutdown could negatively impact the airline industry, which has been recovering from the COVID-19 pandemic. The shutdown could lead to limited operations of federal agencies related to airlines, potential flight delays, and fewer customers. Airlines like American Airlines Group, Southwest Airlines Company, and United Airlines Holdings could be significantly affected. The U.S. Global JETS ETF, which provides investors with exposure to the airline sector, could also be closely monitored.

Portfolio Pulse from Chris Katje

September 29, 2023 | 6:55 pm

TSLA

Wedbush analyst Daniel Ives expects Tesla Inc (TSLA) to announce Q3 delivery numbers in the 440k-445k range, lower than his earlier estimate of 460k/465k, due to longer-than-expected factory downtimes in Shanghai and Austin. Ives also lowered estimates for revenue and EPS for Q3 and Q4. Despite this, Tesla shares are trading higher by 1.10% at $249.11.

Portfolio Pulse from Lekha Gupta

September 29, 2023 | 6:49 pm

LEN

A significant investor has taken a bearish stance on Lennar (NYSE:LEN), with 60% of recent trades being bearish. The whales have been targeting a price range from $80.0 to $115.0 for Lennar over the last 3 months. The price of LEN is up 1.14% at $115.5. Several financial institutions have maintained their ratings on Lennar, with price targets ranging from $114 to $161.

Portfolio Pulse from Benzinga Insights

September 29, 2023 | 6:48 pm

WDAY

A significant bearish stance has been taken on Workday (NASDAQ:WDAY) by a large investor, with 70% of big-money traders being bearish. The price range targeted by these investors for Workday over the last 3 months is $190.0 to $250.0. The current price of WDAY is $214.58, up 1.59%. Analysts from Morgan Stanley, Citigroup, JMP Securities, and Needham have given price targets of $245, $236, $260, and $250 respectively.

Portfolio Pulse from Benzinga Insights

September 29, 2023 | 6:48 pm

UEC

Uranium Energy Corp has filed its FY23 annual report, following which its shares are trading lower.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 6:41 pm

JBL

Jabil Inc (NYSE:JBL) reported mixed Q4 results and strong Q1 earnings guidance. Q4 revenue was $8.46 billion, missing the consensus estimate of $8.54 billion, but adjusted EPS of $2.45 beat the consensus of $2.32. Q1 revenue is expected to be $8.4 billion-$9.0 billion, with adjusted EPS of $2.40-$2.80. Barclays and Stifel increased their price targets on Jabil following the earnings announcement.

Portfolio Pulse from Lisa Levin

September 29, 2023 | 6:37 pm

APRN

CAPR

CCL

EBET

NVOS

OPGN

VRAR

US stocks turned lower with the Dow Jones falling over 200 points. Carnival Corp reported better-than-expected earnings for its third quarter. Novo Integrated Sciences, Blue Apron Holdings, and OpGen saw their shares rise after various announcements. The Glimpse Group, Capricor Therapeutics, and EBET saw their shares drop after various announcements.

Portfolio Pulse from Lisa Levin

September 29, 2023 | 6:34 pm

ACN

BMO Capital Markets analyst Keith Bachman has reiterated the Market Perform rating on Accenture Plc (NYSE:ACN), but lowered the price target to $350 from $360. Accenture's Q4 revenue growth was 4% Y/Y to $15.98 billion, missing the consensus of $16.07 billion. The company took a charge of $472 million in the quarter for restructuring, and is expecting $450 million in charges in FY24. ACN shares are trading higher by 2.02% to $306.84.

Portfolio Pulse from Nabaparna Bhattacharya

September 29, 2023 | 6:33 pm

ZTS

Zoetis's (NYSE:ZTS) short percent of float has fallen 5.0% since its last report, with 3.49 million shares sold short, which is 0.76% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards Zoetis. Compared to its peers, Zoetis has less short interest as a percentage of float, with an average of 4.01%.

Portfolio Pulse from Benzinga Insights

September 29, 2023 | 6:30 pm