Streetbeat News

Stock Prices

EBAY

VRSK

On CNBC, Rob Sechan, a financial analyst, disclosed his recent purchases of Verisk Analytics Inc. (VRSK) and eBay Inc. (EBAY) stocks. This information could influence investor sentiment and potentially impact the stock prices of these companies.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 5:28 pm

ADP

Automatic Data Processing, Inc. (ADP) reported Q2 revenues of $4.67 billion, slightly above the consensus of $4.66 billion, and a 6% Y/Y increase. Adjusted EPS was $2.13, surpassing the $2.10 analyst consensus. Adjusted EBIT rose 7% to $1.1 billion, with a margin increase to 24.6%. Net earnings grew 8% Y/Y to $878.4 million. ADP reiterated its FY24 outlook with revenue growth of 6%-7% and adjusted EPS growth of 10%-12%. ADP shares rose 3.37% to $246.64. Over the past 5 years, ADP's revenue grew at 6.44% annually, with shares outperforming the S&P 500 and the Industrials sector.

Portfolio Pulse from Anusuya Lahiri

January 31, 2024 | 5:25 pm

FTV

Fortive Corporation's stock (FTV) is trading higher after the company reported Q4 results that exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 5:24 pm

SPY

TSLA

A Delaware judge voided Elon Musk's 2018 Tesla compensation plan, which could affect his wealth. The plan tied earnings to Tesla's performance metrics. Since the plan's announcement, Tesla shares have soared, offering a 676.8% return on a $1,000 investment. In contrast, the same investment in SPY would have returned 90.5%. Musk and Tesla may appeal the ruling.

Portfolio Pulse from Chris Katje

January 31, 2024 | 5:21 pm

ABBV

TEVA

Teva Pharmaceutical Industries' CEO, Francis, has stated that the company still anticipates launching a near copy of Humira in the U.S., despite AbbVie's current hold of approximately 99% of the market in 2023.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 5:21 pm

JCI

Shares of Johnson Controls International (JCI) are trading lower due to a series of analyst downgrades.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 5:21 pm

NVVE

Nuvve Corporation's stock is trading lower following the announcement of a $9.6 million underwritten public offering. The offering is likely to dilute current shareholders, leading to a decrease in share value in the short term.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 5:20 pm

EQR

Equity Residential's stock is trading higher after the company reported higher than expected revenue for the fourth quarter.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 5:20 pm

CNXA

Connexa Sports Technologies' stock (CNXA) is trading higher following the announcement that the company has regained compliance with Nasdaq's minimum shareholder equity requirement.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 5:20 pm

RDY

Dr. Reddy's Laboratories' stock is trading higher after the company reported its third-quarter earnings. The positive earnings report is likely driving investor optimism, leading to an increase in the stock price.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 5:18 pm