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Stock Prices

WDC

Western Digital's stock is trading lower following the release of their Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 1:39 pm

COIN

CRBP

INTC

Corbus Pharmaceuticals Holdings, Inc. (CRBP) reported positive safety and efficacy results for its drug CRB-701 in a first-in-human study, causing its stock to surge by 75%. Intel Corporation (INTC) shares fell by 13% after the company provided lower than expected non-GAAP EPS and revenue guidance for Q1. Coinbase Global, Inc. (COIN) saw a 5.7% increase in its stock price after Oppenheimer upgraded the stock to Outperform while maintaining a price target of $160.

Portfolio Pulse from ryanfaloona@benzinga.com

January 26, 2024 | 1:38 pm

AVTR

Avantor's stock (AVTR) is trading higher following an Outperform rating reaffirmation and a price target increase from $22.5 to $26 by Raymond James.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 1:38 pm

COIN

Coinbase shares have seen an uptick following an upgrade from Oppenheimer, changing their rating from Perform to Outperform.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 1:36 pm

BAH

Booz Allen Hamilton's stock is trading higher following the release of their Q3 financial results, which exceeded expectations. Additionally, the company has increased its quarterly dividend and raised its guidance for FY24, signaling confidence in its future performance.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 1:35 pm

JPM

JPMorgan Chase & Co (NYSE:JPM) has announced a major reshuffling of its top management, positioning key executives for more operational experience and potential succession. Jennifer Piepszak and Troy Rohrbaugh are now Co-CEOs of the expanded Commercial & Investment Bank segment. Marianne Lake becomes the sole CEO of Consumer and Community Banking (CCB). Viswas Raghavan will lead global investment banking, while Marc Badrichani is leaving the company. JPMorgan also reported a 12% Y/Y increase in Q4 net revenue, beating consensus estimates. JPM shares saw a slight increase in premarket trading.

Portfolio Pulse from Lekha Gupta

January 26, 2024 | 1:35 pm

Visa's stock price is trading lower following the release of their Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 1:33 pm

BLK

BTCUSD

GBTC

JPM

JPMorgan analysts suggest that the majority of profit-taking from the Grayscale Bitcoin Trust (GBTC) has occurred, indicating a potential decrease in selling pressure on Bitcoin. GBTC has been trading at a discount since early 2021, with $4.3 billion outflows since its ETF conversion. U.S. spot Bitcoin ETFs, including those from BlackRock and Fidelity, have seen significant net outflows, with BlackRock's ETF adding 1,663 BTC and Fidelity's ETF adding 3,170 BTC on Jan. 24. These movements are believed to have contributed to Bitcoin's price drop below $40,000.

Portfolio Pulse from Murtuza Merchant

January 26, 2024 | 1:32 pm

BMI

Badger Meter reported Q4 earnings of $0.84 per share, surpassing the consensus estimate of $0.82, marking a 40% increase from the previous year. Sales reached $182.44M, slightly above the $182.32M estimate, representing a 23.84% increase year-over-year.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 1:31 pm

AAPL

COIN

CRM

DELL

IBM

INTC

MSTR

NFLX

ORCL

TSLA

Cryptocurrencies trade mixed with negative flows into spot ETFs for the first time since their launch. Salesforce cuts 700 jobs but plans to grow with 1,000 open roles. MicroStrategy and Coinbase lag as billions flow into Bitcoin ETFs. US markets see positive sentiment and potential upside after the Fed's rate cut. Tech giants like IBM, Oracle, and Dell outperform newer tech companies. Apple faces EU regulatory changes with minimal revenue impact. Intel's Q1 guidance disappoints. Tesla's valuation drops, affecting Elon Musk's net worth, while PepsiCo reports successful Tesla Semi trial. Salesforce, Ericsson, Microsoft, and Netflix are also highlighted in various contexts.

Portfolio Pulse from Akanksha Bakshi

January 26, 2024 | 1:28 pm