Streetbeat News

Stock Prices

IT

Gartner (NYSE:IT) has outperformed the market over the past 20 years by 11.33% on an annualized basis, producing an average annual return of 19.09%. If an investor had bought $100 of IT stock 20 years ago, it would be worth $3,261.86 today.

Portfolio Pulse from Benzinga Insights

August 15, 2023 | 7:00 pm

FILUSD

In the past 24 hours, the price of cryptocurrency Filecoin (CRYPTO: FIL) has fallen by 3.41% to $3.93, continuing its negative trend over the past week with a 3.0% loss. The trading volume for the coin has decreased by 15.0% over the past week, while the circulating supply has increased by 0.77% to 442.50 million, which is 22.56% of its max supply of 1.96 billion. Filecoin's current market cap ranking is #33 at $1.74 billion.

Portfolio Pulse from Benzinga Insights

August 15, 2023 | 7:00 pm

ANF

In the last quarter, Abercrombie & Fitch (NYSE:ANF) received mixed analyst ratings, with 1 bullish, 2 somewhat bullish, 4 indifferent, and 1 somewhat bearish. The company's average 12-month price target has increased by 22.69% from the previous average of $26.80 to $32.88, with a high of $45.00 and a low of $18.00.

Portfolio Pulse from Benzinga Insights

August 15, 2023 | 7:00 pm

APO

Apollo Global Management (NYSE:APO) has outperformed the market over the past 5 years by 9.52% on an annualized basis, producing an average annual return of 18.76%. If an investor had bought $100 of APO stock 5 years ago, it would be worth $239.61 today.

Portfolio Pulse from Benzinga Insights

August 15, 2023 | 7:00 pm

BCHUSD

Bitcoin Cash's (CRYPTO: BCH) price has risen 3.16% to $235.94 in the past 24 hours, despite a negative trend over the past week with a 1.0% loss. The coin's trading volume has fallen 48.0% over the past week, and the circulating supply has decreased 0.24% to 19.48 million, which is 92.75% of its max supply. The current market cap ranking for BCH is #19 at $4.61 billion.

Portfolio Pulse from Benzinga Insights

August 15, 2023 | 7:00 pm

CLF

X

United States Steel Corporation (NYSE:X) shares are trading lower following a rise on Monday due to the company's rejection of Cleveland-Cliffs' (NYSE:CLF) acquisition offer. Esmark Inc. later announced an all-cash public offer for U.S. Steel shares at $35 per share. The stock may also be down due to weakness in the broader metals sector following weak economic data from China.

Portfolio Pulse from Ryan Gustafson

August 15, 2023 | 6:54 pm

PDD

Pinduoduo (PDD) shares are trading lower by 3.3% due to weak industrial production and retail sales data for July in China. The People's Bank of China's rate cut, indicating economic challenges, has escalated fears about the country's economic health. This could impact consumer sentiment and behavior, potentially leading to reduced spending on platforms like Pinduoduo, affecting the company's revenue streams.

Portfolio Pulse from Henry Khederian

August 15, 2023 | 6:49 pm

WAL

Shares of Western Alliance Bancorporation (NYSE:WAL) fell by 4.8% after a Fitch analyst suggested that additional lenders could face downgrades. This has prompted a reevaluation of the overall health of the banking sector, leading to selling of regional banking stocks like Western Alliance. The possibility of systemic issues in the banking sector could lead to further divestment from Western Alliance and other banks perceived to be at risk.

Portfolio Pulse from Henry Khederian

August 15, 2023 | 6:48 pm

THG

Keefe, Bruyette & Woods analyst Meyer Shields has reiterated a Market Perform rating on Hanover Insurance Group Inc (THG), lowering the price target to $119 from $124. Shields projects higher core and catastrophe loss ratios and lower investment income for the company. For FY23, the analyst expects investment income to fall by 11.9% Y/Y to $331.7 million. The analyst also lowered the 2023/2024 EPS to $2.40/$11.35 from $2.85/$12.40 and introduced an initial 2025 EPS of $14.05. THG shares are trading lower by 1.8% to $108.

Portfolio Pulse from Nabaparna Bhattacharya

August 15, 2023 | 6:47 pm

JNJ

A significant bearish stance has been taken on Johnson & Johnson (NYSE:JNJ) by a large investor, as indicated by a large position in options. The sentiment among these big-money traders is split, with 40% bullish and 60% bearish. The whales have been targeting a price range from $175.0 to $230.0 for Johnson & Johnson over the last 3 months. The current price of JNJ is $173.6, up 0.09%. Several financial institutions have maintained or downgraded their ratings on JNJ, with price targets ranging from $170 to $215.

Portfolio Pulse from Benzinga Insights

August 15, 2023 | 6:46 pm