Streetbeat News

Stock Prices

COST

Costco Wholesale Corporation (NASDAQ:COST) reported a 9.9% increase in December sales to $26.15 billion and a 5.9% increase in sales to $82.86 billion for the seventeen weeks ended December 31, 2023. U.S. comparable sales grew by 7.3%, while Canada and Other International saw higher growth rates. The fiscal calendar shift negatively impacted net sales by up to 1%. An additional shopping day in December contributed 3% to total sales. COST shares closed up by 0.57% at $648.35.

Portfolio Pulse from Shivani Kumaresan

January 05, 2024 | 10:55 am

FUTU

UBS analyst Charles Zhou has upgraded Futu Holdings (NASDAQ:FUTU) from Neutral to Buy and set a price target of $67.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 10:44 am

BYON

Needham analyst Anna Andreeva has upgraded Beyond (NYSE:BYON) from Hold to Buy and set a price target of $40.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 10:40 am

ROIC

Keybanc analyst Todd Thomas has upgraded Retail Opportunity Investments Corp (NASDAQ:ROIC) from Sector Weight to Overweight and set a price target of $16.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 10:36 am

NSA

Keybanc analyst Todd Thomas has upgraded National Storage (NYSE:NSA) from Sector Weight to Overweight and set a price target of $45. This upgrade suggests a positive outlook on the company's stock performance.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 10:35 am

ICE

Raymond James analyst Patrick O'Shaughnessy has reaffirmed a Strong Buy rating on Intercontinental Exchange (NYSE:ICE) and increased the price target from $135 to $145, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 10:29 am

YQ

17 Education & Technology Group Inc. has announced that it has regained compliance with Nasdaq's minimum bid price requirement. The company received a notification from Nasdaq stating that it has met the minimum bid price condition by maintaining a closing bid price of $1.00 per share or more for at least 10 consecutive business days.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 10:28 am

ANGO

GBX

STZ

WBA

Investor sentiment, as measured by the CNN Money Fear and Greed index, has slightly declined, moving to the 'Greed' zone. The Nasdaq Composite fell for the fifth consecutive day, with a 4% drop since December 27, despite a 43% surge in 2023. Walgreens Boots Alliance Inc (WBA) reported positive Q1 earnings but reduced its quarterly dividend. U.S. private businesses added more workers than expected in December, and jobless claims fell. Most S&P 500 sectors ended lower, except for health care and financials. The Dow Jones rose slightly, while the S&P 500 and Nasdaq fell. Investors are looking forward to earnings from ANGO, GBX, and STZ, and the December jobs report is anticipated to show 170,000 new jobs.

Portfolio Pulse from Avi Kapoor

January 05, 2024 | 10:24 am

ANGO

COST

FC

GBX

STZ

U.S. stock futures are trading lower, but several companies are in focus with upcoming earnings reports and sales data. Constellation Brands is expected to report earnings of $3.00 per share on $2.54 billion revenue. Franklin Covey reported higher sales but saw a 6% drop in after-hours trading. The Greenbrier Companies are anticipated to post earnings of 73 cents per share on $849.94 million revenue. Costco Wholesale reported a 9.9% increase in December sales year-over-year. AngioDynamics is expected to report a quarterly loss of 7 cents per share on revenue of $82.04 million.

Portfolio Pulse from Avi Kapoor

January 05, 2024 | 10:24 am

TW

Raymond James analyst Patrick O'Shaughnessy has maintained an Outperform rating on Tradeweb Markets (NASDAQ:TW) and increased the price target from $94 to $102.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 10:24 am