Streetbeat News

Stock Prices

VRSK

Truist Securities has maintained its Buy rating for Verisk Analytics (NASDAQ:VRSK) and increased its price target from $270.00 to $275.00. Verisk Analytics' shares are currently trading up 0.92% over the last 24 hours, at $245.71 per share. A move to $275.00 would account for a 11.92% increase from the current share price.

Portfolio Pulse from Benzinga Insights

September 07, 2023 | 5:00 pm

PHR

Analysts have provided mostly bullish ratings for Phreesia (NYSE:PHR) in the last quarter, with 4 bullish, 2 somewhat bullish, and 1 indifferent. The average 12-month price target for Phreesia is $38.43, a decrease of 3.13% from the previous average price target of $39.67.

Portfolio Pulse from Benzinga Insights

September 07, 2023 | 5:00 pm

VNOM

Stifel has maintained its Buy rating for Viper Energy Partners (NASDAQ:VNOM) and increased its price target from $32.00 to $33.00. Despite this, shares of Viper Energy Partners have traded down 0.8% over the last 24 hours. A move to $33.00 would represent a 15.3% increase from the current share price.

Portfolio Pulse from Benzinga Insights

September 07, 2023 | 5:00 pm

INTU

Mizuho has maintained its Buy rating for Intuit (NASDAQ:INTU) and increased its price target from $550.00 to $600.00. Intuit's shares are currently trading up 0.99% at $556.40 per share. A move to $600.00 would represent a 7.84% increase from the current share price.

Portfolio Pulse from Benzinga Insights

September 07, 2023 | 5:00 pm

TNP

Tsakos Energy Navigation Ltd (NYSE:TNP) reported Q2 FY23 Voyage revenue of $221.45 million, surpassing the consensus of $174.10 million. EPS of $1.65 also beat the consensus of $1.60. The company's new charters secured over $1.5 billion in fleet revenue backlog. TNP will distribute a second semi-annual dividend of $0.30 per share in December 2023, following the $0.30 per share payment in June 2023 and an additional special dividend per share of $0.40. Despite the positive report, TNP shares are trading lower by 4.43% at $18.85.

Portfolio Pulse from Lekha Gupta

September 07, 2023 | 4:58 pm

LVS

WYNN

Travel and leisure stocks, including LVS and WYNN, are trading lower due to overall market weakness caused by concerns over rate hikes, which are pressuring discretionary stocks.

Portfolio Pulse from Bill Haddad

September 07, 2023 | 4:56 pm

BACK

IMAC Holdings, Inc. (NASDAQ:BACK) has announced a 1-for-30 reverse stock split of its outstanding shares of common stock, effective after the market closes on September 7, 2023. The move is aimed at enabling the company to meet the Nasdaq Listing Rule that requires a minimum closing bid price of $1.00 per share. The reverse split will reduce the number of shares of common stock from approximately 33 million to approximately 1.1 million.

Portfolio Pulse from Happy Mohamed

September 07, 2023 | 4:46 pm

NEM

A significant bullish stance has been taken on Newmont (NYSE:NEM) as evidenced by unusual options activity. The sentiment among these big-money traders is split between 60% bullish and 40% bearish. The price target for Newmont over the last 3 months has been between $35.0 to $52.5. RBC Capital has downgraded its action to Sector Perform with a price target of $52, while Raymond James and UBS have maintained their Outperform and Neutral ratings respectively, with price targets of $61 and $42.

Portfolio Pulse from Benzinga Insights

September 07, 2023 | 4:46 pm

GBIL

IGSB

SGOV

SHY

SPTS

The Fed funds rate is at 5.5%, its highest level since the early 2000s, prompting investors to reconsider riskier assets such as stocks. The resilience of the U.S. economy has led to a spike in U.S. Treasury yields, with the 2-year yield recently breaking the 5% barrier. This has resulted in a surge of investments into short-term bond ETFs, with $7 billion flowing into ultra-short bond ETFs in August. Five short-term Bond ETFs that have attracted substantial investments are iShares 0-3 Month Treasury Bond ETF (SGOV), Goldman Sachs Access Treasury 0-1 Year ETF (GBIL), SPDR Portfolio Short Term Treasury ETF (SPTS), iShares 1-3 Year Treasury Bond ETF (SHY), and iShares 1-5 Year Investment Grade Corporate Bond ETF (IGSB).

Portfolio Pulse from Piero Cingari

September 07, 2023 | 4:45 pm

AAPL

MSFT

NVDA

NVIDIA Corp (NASDAQ:NVDA) has seen a surge in shares due to explosive AI-fueled growth, crossing the $1 trillion market cap this year. The company pays high salaries to its employees, ranging from $74,460 to $786,000, which is significantly higher than fellow AI leaders Microsoft Corp (NASDAQ:MSFT) and Apple Inc (NASDAQ:AAPL). AI jobs are in high demand, with positions such as 'prompt engineers' earning up to $335,000 per year.

Portfolio Pulse from Adam Eckert

September 07, 2023 | 4:43 pm