Streetbeat News

Stock Prices

OMF

Northland Capital Markets analyst Mike Grondahl has downgraded OneMain Holdings (NYSE:OMF) from Outperform to Market Perform and set a price target of $49.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 2:42 pm

AER

MDU

PRG

UAL

ULH

Benzinga Insights identified five value stocks in the industrials sector based on low P/E ratios, indicating potential undervaluation. The stocks include PROG Holdings (PRG), AerCap Holdings (AER), United Airlines Holdings (UAL), Universal Logistics Holdings (ULH), and MDU Resources Group (MDU). The article provides recent earnings per share (EPS) data and dividend yield information, noting changes from the previous quarter. PROG, ULH, and UAL experienced a decrease in EPS, while AER saw an increase. MDU's EPS remained unchanged, and both MDU and ULH reported increased dividend yields.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 2:41 pm

BEPC

ENIC

SPH

TAC

Benzinga Insights has identified five value stocks in the utilities sector based on low P/E ratios and recent financial performance. Enel Chile (ENIC) and TransAlta (TAC) reported increases in EPS, while Brookfield Renewable (BEPC) and Suburban Propane Partners (SPH) saw decreases. Hawaiian Electric Indus (HE) reported an increase in EPS. Dividend yields varied, with ENIC's and SPH's decreasing, BEPC's and HE's increasing, and TAC's slightly decreasing.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 2:38 pm

FBK

Hovde Group analyst Brett Rabatin has downgraded FB Financial (NYSE:FBK) from Outperform to Market Perform and set a price target of $40. This reflects a more cautious stance on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 2:38 pm

Ford Motor Company (NYSE:F) is set to begin production of the electric Explorer in Europe in June, with deliveries expected by August. This represents an eight-month delay from the original schedule. Ford also plans to start production of a second EV using VW's platform by late 2024. The electric Explorer will be available in two trims, with the base model priced under $50,000. Ford's shares dropped by 2.9% to $11.13 in the morning session on Wednesday.

Portfolio Pulse from Nabaparna Bhattacharya

January 17, 2024 | 2:36 pm

GLD

SPY

VIXM

The CBOE VIX volatility index, known as Wall Street's 'fear gauge,' reached a two-month high of 14.5, indicating increased market volatility and investor concern. The ProShares VIX Mid-Term Futures ETF (VIXM) rose 2.4% in response. The S&P 500 and SPDR S&P 500 ETF Trust (SPY) previously gained 16% as the VIX fell from 21 to around 12. Market expectations of Federal Reserve rate cuts are being reassessed due to recent economic data and Fed member comments, suggesting a more cautious approach to rate cuts. Geopolitical tensions, particularly in the Middle East, are also contributing to market uncertainty, although they have not significantly impacted oil prices or traditional safe-haven assets like gold and Treasuries, with the SPDR Gold Shares ETF (GLD) remaining flat.

Portfolio Pulse from Neil Dennis

January 17, 2024 | 2:33 pm

ROMA

Shares of Roma Green Finance were halted due to a circuit breaker after surging 23.3% to the upside. The halt is a mechanism to prevent excessive volatility in the stock market.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 2:32 pm

PLBC

Plumas (NASDAQ:PLBC) reported Q4 earnings with an EPS of $1.27, beating estimates by 3.25% and increasing revenue by $477 thousand year-over-year. Despite beating last quarter's EPS estimates, the share price dropped by 3.07% the following day.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 2:30 pm

DATS

DatChat Inc (NASDAQ:DATS) shares dropped after announcing a $1.8 million public offering priced at $1.85 per share. The offering includes an option for underwriters to buy additional shares and is expected to close on Jan. 19. This follows a 51% surge in DATS shares after a corporate update and plans to split DatChat and SmarterVerse into two entities. The stock was trading down 38.7% at $1.95.

Portfolio Pulse from Adam Eckert

January 17, 2024 | 2:24 pm

MSFT

NVDA

XLK

Wedbush analyst Daniel Ives anticipates a positive tech earnings season for Q4, highlighting the 'AI Revolution' as a key narrative. He notes increased demand in enterprise software, cybersecurity, and AI projects, with Microsoft and Nvidia leading the AI charge. Ives mentions potential revenue growth for Microsoft from AI and sees Google, Datadog, and Palantir as beneficiaries of the AI trend. He also lists his favorite tech stocks for 2024, including Apple, Microsoft, Google, and several cybersecurity firms. The Technology Select Sector SPDR Fund (XLK) was down in premarket trading.

Portfolio Pulse from Shanthi Rexaline

January 17, 2024 | 2:21 pm