Streetbeat News

Stock Prices

SMCI

Super Micro Computer's stock is trading lower following a downgrade by JP Morgan from Overweight to Neutral, with a significant reduction in the price target from $950 to $500.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 12:23 pm

BNO

DBO

OILK

USL

USO

OPEC+ has decided to delay its planned oil output increase for October and November due to recent drops in crude prices. This decision has temporarily lifted oil prices, but concerns remain about future demand and supply dynamics. Analysts suggest that OPEC+ may need to maintain cuts to stabilize prices.

Portfolio Pulse from Lekha Gupta

September 06, 2024 | 12:23 pm

NX

Quanex Building Products shares rose following the release of Q3 financial results that exceeded expectations and FY24 guidance that surpassed estimates.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 12:23 pm

SMAR

Smartsheet shares rise as the company reports better-than-expected Q2 financial results and raises its FY25 EPS outlook.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 12:23 pm

ABM

ABM Industries shares rose following the release of Q3 financial results that exceeded expectations. The company also increased its FY24 adjusted EPS guidance above estimates.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 12:21 pm

ORCL

Oracle Corporation (NYSE:ORCL) is set to release its Q1 FY2025 earnings on Sept. 9, with expected earnings of $1.33 per share and revenue of $13.24 billion. The company offers a 1.12% annual dividend yield, translating to $0.40 per share quarterly. To earn $500 monthly from dividends, an investment of approximately $534,788 is needed.

Portfolio Pulse from Avi Kapoor

September 06, 2024 | 12:19 pm

BABA

BIDU

NVDA

Nvidia AI chips are being smuggled into China, allowing smaller cloud providers to offer competitive rates despite U.S. sanctions. This highlights ongoing Chinese investment in AI and the impact of export controls on companies like Alibaba and Nvidia.

Portfolio Pulse from Anusuya Lahiri

September 06, 2024 | 12:18 pm

BE

Bloom Energy's stock is experiencing a decline following a downgrade by Jefferies from Buy to Hold, with a reduced price target from $15 to $11.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 12:17 pm

BAC

FN

HOOD

MSFT

The article discusses recent insider sales of shares by executives at Fabrinet, Bank of America, Microsoft, and Robinhood. Insider sales can indicate concerns about a company's prospects or that the stock is overpriced. Notable sales include Warren Buffett selling Bank of America shares and Satya Nadella selling Microsoft shares.

Portfolio Pulse from Avi Kapoor

September 06, 2024 | 12:17 pm

AVGO

PL

SWBI

Smith & Wesson Brands, Planet Labs, and Broadcom are among the stocks moving lower in Friday's pre-market session. Smith & Wesson reported a larger-than-expected loss, while Broadcom, despite better-than-expected results, also saw a decline.

Portfolio Pulse from Avi Kapoor

September 06, 2024 | 12:12 pm