Streetbeat News

Stock Prices

ROKU

Loop Capital analyst Alan Gould has downgraded Roku (NASDAQ:ROKU) from Buy to Hold and announced a price target of $85.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 9:39 am

MCD

Wells Fargo analyst Zachary Fadem has upgraded McDonald's (NYSE:MCD) from Equal-Weight to Overweight and announced a price target of $310.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 9:38 am

MGA

Automotive supplier Magna International has raised its revenue outlook for FY25 to $46.7B-$49.2B, up from the previous forecast of $44.7B-$47.2B. The company has also reaffirmed its FY25 adjusted EBIT margin at 6.7%-7.8%.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 9:10 am

VGK

The Eurozone's preliminary Gross Domestic Product (GDP) year-on-year growth rate is reported at 0.5%, lower than the estimated 0.6% and the prior rate of 1.1%.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 9:02 am

YEXT

Yext reported mixed Q2 FY24 earnings, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 9:02 am

VGK

The Eurozone's GDP for Q2 has been reported at 0.01% quarter-on-quarter, which is lower than the estimated 0.03%.

Portfolio Pulse from Charles Gross

September 07, 2023 | 9:01 am

AREB

American Rebel Holdings' shares rose by 50% in premarket trading after the company announced that its safe subsidiary, Champion Safe, received a surge in calls from safe dealers and customers seeking alternatives to safes made by Liberty Safe.

Portfolio Pulse from Charles Gross

September 07, 2023 | 8:45 am

ABM

AEO

GME

RH

SAIC

Science Applications International Corporation (SAIC), GameStop Corp. (GME), ABM Industries Incorporated (ABM), American Eagle Outfitters, Inc. (AEO), and RH are the stocks to watch heading into Thursday. SAIC and ABM are expected to report their quarterly earnings before the opening bell. GME reported a narrower-than-expected loss for its second quarter, while sales topped estimates. AEO reported better-than-expected earnings for its second quarter and raised its FY2024 operating income guidance. RH is expected to report its quarterly earnings after the closing bell.

Portfolio Pulse from Lisa Levin

September 07, 2023 | 8:23 am

GOOG

GOOGL

Alphabet Inc.'s Google is reportedly planning a significant price increase for its upcoming Pixel 8 smartphones, according to a leak. The base variant of the Pixel 8 Pro could see a price hike of up to €200. The standard Pixel 8's price could be increased by €150. It is unclear if a similar price increase will be implemented for the Pixel 8 series in the US.

Portfolio Pulse from Rounak Jain

September 07, 2023 | 7:49 am

AAPL

Daniel Niles, founder and portfolio manager at Satori Fund, plans to short Apple Inc. (NASDAQ:AAPL) ahead of the iPhone 15 launch event on Sept. 12. Niles cites the threat from Chinese tech company Huawei's new Mate60 Pro and its 7nm processor node technology, as well as China's aggressive ban on foreign phones in government offices as reasons for his decision. Apple's stock is currently trading at a P/E multiple of 29 times the estimated earnings for 2023, which Niles considers high.

Portfolio Pulse from Shanthi Rexaline

September 07, 2023 | 7:17 am