Streetbeat News

Stock Prices

ARM

NVDA

The article discusses the current economic situation, focusing on inflation, interest rates, and the impact of the Federal Reserve's actions. It also mentions the IPO of Arm Holdings, which is trading above Nvidia's valuation, despite skepticism about its role in AI advancements. The article suggests that the Federal Reserve's rate hikes are not solely responsible for the current inflation and economic growth, pointing to Congressional overspending as another factor.

Portfolio Pulse from Gary Brode

September 20, 2023 | 8:18 pm

FDX

FedEx Corp reported Q1 revenue of $21.7 billion, missing the consensus estimate of $21.81 billion, but beat earnings estimates with $4.55 per share. The results were driven by the DRIVE program and focus on revenue quality, offset by ongoing demand weakness. FedEx lowered its full-year revenue guidance but raised its earnings outlook. The company also plans to repurchase an additional $1.5 billion of its common stock during fiscal 2024. FedEx shares were up 4.89% after hours.

Portfolio Pulse from Adam Eckert

September 20, 2023 | 8:17 pm

GPOR

Gulfport Energy has expanded its common stock repurchase authorization by 63% to $650 million. Since the inception of the repurchase program, the company has repurchased approximately 3.9 million shares of common stock for $331.3 million.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 8:16 pm

ASAN

Asana's CEO, Dustin A. Moskovitz, has purchased 1,015,000 shares of the company's stock at a price of $18.04 per share, according to a Form 4 filing.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 8:16 pm

GILD

Gilead Sciences (NASDAQ:GILD) has seen unusual options activity, with a significant number of bullish trades. Whales have been targeting a price range from $60.0 to $95.0 for Gilead Sciences over the last 3 months. The company's stock price is currently up 0.07% at $75.82. Truist Securities and B of A Securities have upgraded their actions to Buy with price targets of $91 and $95 respectively, while HSBC has downgraded its action to Reduce with a price target of $71.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 8:15 pm

TRNS

Transcat announced a proposed public offering of common stock, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 8:15 pm

JNJ

Unusual options activity has been observed for Johnson & Johnson (NYSE:JNJ), with a bearish stance taken by a large investor. The sentiment among these big-money traders is split between 27% bullish and 72% bearish. The whales have been targeting a price range from $120.0 to $170.0 for Johnson & Johnson over the last 3 months. Analysts have mixed ratings on the company, with price targets ranging from $158 to $215.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 8:15 pm

FDX

FedEx has reported mixed Q1 financial results and issued guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 8:14 pm

GEG

Great Elm Group (NASDAQ:GEG) reported a significant decrease in sales for Q4, with $3.00 million in sales, down 83.39% from $18.07 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 8:13 pm

FDX

FedEx (FDX) plans to repurchase an additional $1.5 billion of common stock during fiscal 2024. The company had a cash on-hand of $7.1 billion as of August 31, 2023.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 8:09 pm