Streetbeat News

Stock Prices

IBKR

Interactive Brokers Group, Inc. (NASDAQ:IBKR) shares have risen after a decline at the end of November, with a strong performance in December and into the new year. The company reported increased Daily Average Revenue Trades (DARTs) for December, up 13% year-over-year and 4% month-over-month. Additionally, Rich Repetto was appointed as an independent director effective Jan. 1. The stock's rise may also be attributed to positive investor sentiment in December. Interactive Brokers Group is expected to report Q4 earnings on Jan. 16, with an estimated EPS of $1.55 and expected revenue of $1.14 billion. At the time of publication, IBKR shares were up 2.70% at $86.83.

Portfolio Pulse from Ryan Gustafson

January 03, 2024 | 7:44 pm

CRNC

MSFT

Cerence Inc (CRNC) and Microsoft Corp (MSFT) have partnered to integrate Cerence's automotive technology with Microsoft Azure AI Services, including an automotive-grade version of OpenAI's ChatGPT model. This collaboration aims to enhance in-car experiences through voice and touch interfaces, leveraging Cerence's transportation expertise and Microsoft's cloud and AI capabilities. Cerence plans to use its Cerence Assistant platform to implement these advancements in new vehicles, offering continuous updates via Azure. CRNC shares dropped by 3.07% to $18.50 recently.

Portfolio Pulse from Anusuya Lahiri

January 03, 2024 | 7:42 pm

KLAC

KLA Corporation (NASDAQ:KLAC) has significantly outperformed the market, with an average annual return of 24.34% over the past decade. An investment of $100 in KLAC stock 10 years ago would be worth $882.70 today. KLA's market capitalization currently stands at $74.82 billion.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 7:30 pm

TRI

Thomson Reuters (NYSE:TRI) has delivered an average annual return of 23.69% over the past 5 years, outperforming the market. A $100 investment in TRI 5 years ago would now be worth $290.40. The company's current market capitalization stands at $65.61 billion.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 7:30 pm

ESPR

NMRD

SASI

SIDU

SOFI

TPHS

U.S. stocks traded lower, with the Nasdaq Composite down over 100 points. Energy shares rose, while real estate shares fell. Job openings slightly decreased. Sidus Space (SIDU) spiked after securing a remote sensing license. Trinity Place Holdings (TPHS) surged following a loan forbearance extension. Sigma Additive Solutions (SASI) gained on stock issuance approval. SoFi Technologies (SOFI) dropped after a downgrade. Esperion Therapeutics (ESPR) fell post-collaboration amendment. Nemaura Medical (NMRD) decided to move to OTC Markets after Nasdaq delisting.

Portfolio Pulse from Avi Kapoor

January 03, 2024 | 7:20 pm

CMCSA

LGF

MSFT

NTDOY

TTWO

WBD

Jack Black, known for voicing Bowser in 'The Super Mario Bros. Movie', has joined the cast of the 'Minecraft' movie, produced by Vertigo, Legendary, and Warner Bros. Discovery (WBD). The film, set for release on April 4, 2025, also stars Jason Momoa and is directed by Jared Hess. Black is also involved in 'Borderlands', a Lions Gate Entertainment (LGF) film based on the Take-Two Interactive Software (TTWO) game. 'Super Mario', produced by Nintendo (NTDOY) and Universal Pictures (CMCSA), was a major hit. Microsoft (MSFT) acquired Mojang, the studio behind 'Minecraft', which continues to grow in popularity.

Portfolio Pulse from Chris Katje

January 03, 2024 | 7:16 pm

AMD

AVGO

INTC

MRVL

NVDA

SOXX

TXN

Despite a recent drop in semiconductor stocks, Bank of America maintains a bullish stance on the sector for 2024, citing a 65% gain in 2023. The Philadelphia Semiconductor Index (SOX) and the iShares Semiconductor ETF (SOXX) are highlighted, with SOXX falling 5.4% over two sessions. BofA analyst Vivek Arya acknowledges risks such as premium valuations, market rotation, and volatility but points to positive factors like a new upcycle, the potential of Generative AI, and the U.S. CHIPS Act. BofA sees Nvidia (NVDA), Broadcom (AVGO), AMD, and Marvell (MRVL) well-positioned to benefit from GenAI, while Intel (INTC), Texas Instruments (TXN), and Micron (MU) could gain from the U.S. CHIPS Act.

Portfolio Pulse from Neil Dennis

January 03, 2024 | 7:12 pm

FWBI

First Wave BioPharma's stock (FWBI) is trading higher following Roth MKM's decision to maintain a Buy rating and increase the price target from $11 to $40.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 7:12 pm

NKLA

Nikola Corp (NASDAQ:NKLA) shares dropped 8.1% to $0.77 amid a broader market downturn influenced by rising Treasury yields and profit-taking after December's gains. Upcoming economic reports and Federal Reserve speeches are adding to market uncertainties. Growth stocks like Nikola are impacted by higher interest rates, which increase the discount rate and lower the present value of future cash flows. NKLA's 52-week range is $0.52 to $3.71.

Portfolio Pulse from Henry Khederian

January 03, 2024 | 7:11 pm

LBPH

Longboard Pharmaceuticals (LBPH) shares dropped following the announcement of a $150 million underwritten public offering, with an additional $22.5 million option for underwriters. The offering dilutes current shareholders, leading to the stock price decline.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 7:05 pm