Streetbeat News

Stock Prices

AMZN

META

The U.S. labor market added 353,000 jobs in January, surpassing expectations and indicating strong economic activity. This robust job growth, along with a steady unemployment rate at 3.7% and higher-than-expected wage growth, has impacted market expectations regarding Federal Reserve interest rate policies. Treasury yields increased, and while futures linked to major U.S. stock averages initially rose, the gains were primarily driven by tech giants Meta Platforms Inc. and Amazon.com Inc. following their positive earnings reports.

Portfolio Pulse from Piero Cingari

February 02, 2024 | 1:40 pm

META

Susquehanna analyst Shyam Patil has maintained a Positive rating on Meta Platforms (NASDAQ:META) and increased the price target from $400 to $550.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 1:39 pm

FANG

META

PYPL

SNAP

TSM

UBER

On CNBC's 'Halftime Report Final Trades,' experts highlighted their picks ahead of tech earnings. Josh Brown focused on Uber Technologies, anticipating its results. Bryn Talkington recommended Diamondback Energy, noting a recent analyst adjustment. Steve Weiss favored Taiwan Semiconductor Manufacturing, mentioning its expansion plans. Sarat Sethi chose Meta Platforms, highlighting its strong quarterly results and financial moves. The article also provided recent price actions for these companies and others mentioned.

Portfolio Pulse from Avi Kapoor

February 02, 2024 | 1:39 pm

AMZN

Amazon's stock price increased following the announcement of its Q4 financial results, which exceeded expectations, along with positive future guidance.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 1:35 pm

SFE

Safeguard Scientifics announced its decision to voluntarily delist from Nasdaq. This move could impact investor perception and the company's stock liquidity.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 1:35 pm

TEAM

Atlassian's stock price declined following the announcement of its Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 1:35 pm

CHTR

DIS

Charter Communications, Inc (NASDAQ:CHTR) reported a slight revenue growth in Q4 FY23 but missed EPS estimates, leading to a stock price drop. The company saw growth in Internet and Mobile services but lost residential Internet and video customers, partly due to a temporary loss of Walt Disney Company (NYSE:DIS) programming. Despite higher capital expenditures for network expansion, Charter expects increased Capex in 2024. CHTR shares fell 9.24% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

February 02, 2024 | 1:33 pm

J

Jacobs Solutions (NYSE:J) has seen a 20.23% decrease in short interest, now at 1.53 million shares or 1.38% of float, with a 1.85-day average cover time. This decline in short interest, compared to the peer group average of 2.93%, suggests a more bullish market sentiment towards J. However, this does not guarantee a near-term price rise.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 1:30 pm

MBOT

Microbot Medical (NYSE:MBOT) has seen a significant increase in short interest, with the short percent of float rising 172.0% to 0.68% of all shares available for trading. Despite this increase, MBOT's short interest is below its peer group average of 2.12%. Short interest is a key indicator of market sentiment, and while an increase can suggest bearish sentiment, it can also be bullish under certain conditions.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 1:30 pm

INGR

Ingredion's (NYSE:INGR) short interest has increased by 18.75% since the last report, with 436 thousand shares sold short, representing 0.76% of its float. This increase in short interest, which now requires 1.33 days on average to cover, indicates a more bearish market sentiment towards INGR. However, compared to its peers, Ingredion has a lower short interest percentage of float (2.09%), suggesting a relatively stronger position.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 1:30 pm