Streetbeat News

Stock Prices

BTSG

BrightSpring Health Services shares are indicating a price of $12.25 with a volume of 2.532 million shares.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 4:59 pm

LEVI

Levi Strauss & Co (NYSE:LEVI) reported Q4 earnings with revenue of $1.64 billion, slightly missing estimates, but earnings per share of 44 cents beat estimates by 1 cent. The company forecasts 1-3% revenue growth for FY 2024 with adjusted earnings below analyst expectations. Shares dropped 1.4% following the report. Telsey Advisory Group raised their price target, while Wells Fargo and JP Morgan lowered theirs.

Portfolio Pulse from Avi Kapoor

January 26, 2024 | 4:58 pm

AVBP

ArriVent BioPharma's stock is indicating a price of $23.50 with a volume of 269,845 shares.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 4:58 pm

BTSG

BrightSpring Health Services shares are indicating a price of $12.39 with a volume of 2.820 million shares.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 4:52 pm

AVBP

ArriVent BioPharma's stock is indicating a price of $23.00, with a volume of 269,420 shares being traded.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 4:52 pm

UNP

Union Pacific Corporation (NYSE:UNP) reported Q4 FY23 results surpassing consensus estimates with operating revenue of $6.159 billion and EPS of $2.71. Despite better results, the company faces a muted volume outlook for 2024 due to loss in international intermodal business, lower coal demand, and soft economic conditions. Union Pacific plans a $3.4 billion capital investment for 2024. Following the report, analysts at BMO Capital, RBC Capital, and JP Morgan revised their price targets for UNP, with BMO Capital increasing it to $275, RBC Capital decreasing it to $272, and JP Morgan lowering it to $237. UNP shares dropped 1% to $239.20.

Portfolio Pulse from Avi Kapoor

January 26, 2024 | 4:52 pm

AAL

AMSC

DWAC

LVTX

VERA

Benzinga's Stock Whisper Index highlighted five stocks: AAL, DWAC, VERA, AMSC, and LVTX. AAL reported strong Q4 results, beating estimates and receiving analyst upgrades, with shares up 13% in five days. DWAC shares hit two-year highs after Trump's primary wins and DeSantis' endorsement, with a SPAC merger deadline extended to March 8, 2024. VERA shares soared after positive Phase 2b trial results, leading to analyst upgrades and a 95% weekly gain. AMSC reported a 60% YOY revenue increase in Q3 and strong demand for new energy power systems. LVTX shares rose 40% after announcing a clinical trial collaboration with MRK for a prostate cancer treatment.

Portfolio Pulse from Chris Katje

January 26, 2024 | 4:50 pm

FCNCA

First Citizens BancShares Inc (NASDAQ:FCNCA) reported Q4 FY23 results with revenue of $1.91 billion, missing consensus estimates of $2.38 billion. Net interest income increased to $1.91 billion from $802 million a year ago, with improved margins. The CET 1 ratio improved to 13.36% from 10.08% a year ago. Adjusted EPS of $46.58 missed the consensus of $47.98. The provision for credit losses was $249 million, up from $79 million a year ago. Loans and leases totaled $133.30 billion, and deposits were $145.85 billion. A quarterly dividend of $1.64 per share was declared, payable on March 15, 2024. Despite missing revenue and EPS estimates, FCNCA shares surged 4.83% to $1,480.57.

Portfolio Pulse from Lekha Gupta

January 26, 2024 | 4:49 pm

INTC

Rosenblatt analyst Hans Mosesmann has reiterated a Sell rating on Intel Corporation (NASDAQ:INTC) and maintained a price target of $17.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 4:42 pm

AAL

DAL

JBLU

LUV

SAVE

UAL

Spirit Airlines (NYSE:SAVE) stock dropped 18% on Friday after JetBlue Airways (NASDAQ:JBLU) reported it could not meet all conditions of their $3.8 billion merger deal by the deadline. The deal, which faces antitrust challenges, may be terminated after January 28, 2024. Spirit's shares have fallen over 60% since the antitrust ruling. JetBlue would owe Spirit $70 million or $400 million to shareholders if the merger fails. Spirit anticipates Q4 2023 revenue at the high end of guidance, expecting $1.32 billion against a $1.31 billion consensus. As of December 31, 2023, Spirit had $1.3 billion in liquidity.

Portfolio Pulse from Anusuya Lahiri

January 26, 2024 | 4:41 pm