Streetbeat News

Stock Prices

FANG

Diamondback Energy (NASDAQ:FANG) has outperformed the market over the past 5 years, with an average annual return of 16.39%. A $100 investment in FANG 5 years ago would now be worth $201.95, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

September 25, 2024 | 4:30 pm

MASI

Masimo Corporation (NASDAQ:MASI) has appointed Michelle Brennan as interim CEO following Joe Kiani's resignation amid legal disputes. The company's shares rose by 5.55% as it reiterated its financial guidance for FY24 and announced board changes. Masimo is also reviewing strategic alternatives for its consumer businesses.

Portfolio Pulse from Nabaparna Bhattacharya

September 25, 2024 | 4:22 pm

DUOL

FTRE

HPE

VST

The S&P 500 and Nasdaq 100 reached record highs, driven by semiconductor stocks and anticipation of Micron Technology's earnings. Investors are cautious ahead of key economic data, including GDP and inflation reports. Major indices showed mixed performance, with notable stock movements influenced by analyst ratings.

Portfolio Pulse from Piero Cingari

September 25, 2024 | 4:17 pm

ABG

GPI

LAD

PAG

RIVN

SAH

Morgan Stanley analyst Adam Jonas downgraded Ford, GM, and Rivian due to concerns about the auto industry's outlook, including rising inventories and credit losses. Conversely, the firm upgraded several auto dealers, citing resilience and potential benefits from slower EV adoption.

Portfolio Pulse from Adam Eckert

September 25, 2024 | 4:12 pm

SONN

Sonnet BioTherapeutics shares fell following the announcement of a 1-for-8 reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 4:11 pm

AZO

AutoZone Inc. (NYSE:AZO) experienced a significant stock price increase following a Power Inflow alert from TradePulse, indicating a shift from net selling to buying. This suggests rising investor confidence and potential for an uptrend in AZO's stock.

Portfolio Pulse from Finit

September 25, 2024 | 4:10 pm

META

MSFT

QCOM

WMT

Meta Platforms is set to unveil new products at its Connect 2024 event, including the affordable Quest 3S headset and updates to its AI software. Analysts expect a focus on mixed reality and augmented reality, with potential AI product launches. A Walmart display leak suggests the Quest 3S will be priced at $299.99, featuring a Batman game bundle.

Portfolio Pulse from Anusuya Lahiri

September 25, 2024 | 4:03 pm

DIA

QQQ

SPY

The upcoming release of the Personal Consumption Expenditure (PCE) price index report could significantly influence the Federal Reserve's decision on interest rate cuts in November. Market expectations currently suggest a 60% chance of a 50-basis-point cut, but this could change based on the PCE data. Previous PCE reports have positively impacted the stock market, with ETFs like SPY, QQQ, and DIA seeing gains.

Portfolio Pulse from Piero Cingari

September 25, 2024 | 4:03 pm

DKNG

Draft Kings shares are experiencing an uptick, potentially in response to Flutter Entertainment's positive guidance for 2027.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 4:02 pm

DUOL

Over the past three months, 11 analysts have evaluated Duolingo (NASDAQ:DUOL), with a mix of bullish and somewhat bullish ratings. The average 12-month price target has increased to $265.55, with a high of $310.00 and a low of $183.00. Recent analyst actions include several rating raises and a few lowers, reflecting changing market conditions and company performance. Duolingo has shown strong financial performance with a 40.59% revenue growth rate, impressive net margins, and efficient debt management.

Portfolio Pulse from Benzinga Insights

September 25, 2024 | 4:01 pm