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Stock Prices

SFIX

Stitch Fix shares fell 36% after reporting a larger-than-expected Q4 loss of 29 cents per share, missing the estimated loss of 19 cents. Revenue slightly beat expectations at $319.6 million but decreased 12.4% year-over-year. The company also reported a 19.6% drop in active clients. Analysts adjusted price targets following the earnings report.

Portfolio Pulse from Dylan Berman

September 25, 2024 | 3:29 pm

BJK

FLUT

Flutter Entertainment plc (NYSE:FLUT) has announced ambitious growth targets, aiming for $21 billion in revenue by 2027, with a CAGR of 14%. The company also plans a $5 billion share buyback program. Flutter is focusing on U.S. and global expansion, with significant growth expected in the regulated gaming market.

Portfolio Pulse from Lekha Gupta

September 25, 2024 | 3:28 pm

CLDX

Celldex Therapeutics shares declined following the announcement of 52-week results from its Barzolvolimab Phase 2 Study in chronic spontaneous urticaria at EADV 2024.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 3:26 pm

BTCUSD

FDX

INTC

MSTR

QQQ

The Federal Reserve cut the fed funds rate by 50bp, impacting inflation and the dollar's purchasing power. Intel restructured its foundry business and secured a $3B government contract. FedEx reported disappointing earnings, supporting the Fed's rate cut decision. Bitcoin is seen as a hedge against inflation, and MicroStrategy continues to invest heavily in it.

Portfolio Pulse from Gary Brode

September 25, 2024 | 3:24 pm

BABA

NIO

PDD

XPEV

NIO, Inc. (NYSE:NIO) and other US-listed Chinese stocks are trading lower due to a possible selloff following China's Central Bank's new stimulus package announcement. The package includes rate cuts and aims to combat market slowdown. Stocks like Alibaba, Li Auto, PDD Holdings, and Xpeng are also affected.

Portfolio Pulse from Dylan Berman

September 25, 2024 | 3:23 pm

NVDA

Nvidia is expected to produce 450,000 Blackwell AI GPUs in Q4, potentially generating $10 billion in revenue. Despite design issues affecting yields, Nvidia plans to sell these GPUs at a lower price than previous models. The company aims to sell AI server cabinets for higher profitability.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 3:23 pm

GOOG

GOOGL

Visa Inc (NYSE:V) is facing a DOJ lawsuit for allegedly monopolizing the debit card market, causing its stock to drop. The lawsuit poses immediate risks, but analysts suggest the long-term financial impact may be limited. The stock is currently bearish, but could present a buying opportunity similar to Alphabet's recent rebound.

Portfolio Pulse from Surbhi Jain

September 25, 2024 | 3:20 pm

CVX

Chevron is shutting down production at its Gulf of Mexico facilities and evacuating personnel due to unspecified reasons. This operational halt could impact Chevron's short-term production output and financial performance.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 3:16 pm

NFLX

Deep-pocketed investors are showing a bullish sentiment towards Netflix (NASDAQ:NFLX) options, with significant call and put activities. The options activity suggests a potential price range of $430 to $965. Analysts have mixed ratings, with price targets ranging from $635 to $900.

Portfolio Pulse from Benzinga Insights

September 25, 2024 | 3:15 pm

RZLV

Rezolve AI shares have resumed trading after a temporary halt. This development may impact investor sentiment and stock price movements in the short term.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 3:13 pm