Streetbeat News

Stock Prices

CALM

Cal-Maine Foods Inc (NASDAQ:CALM), the largest U.S. egg producer, reported a significant drop in egg prices in their Q2 2024 results, with a 49.4% decrease year-over-year. The average selling price for conventional eggs was $1.458 per dozen, down from $2.883 in Q2 2023. This decline in egg prices has led to a 95% reduction in Cal-Maine's operating income, despite a slight increase in total volumes sold. The company remains focused on increasing production of specialty eggs to meet high demand.

Portfolio Pulse from Surbhi Jain

January 04, 2024 | 7:04 pm

PTON

TFC

TLT

WBA

XLF

Tech stocks continued to decline while the broader market showed flat performance. The ADP employment report exceeded expectations, suggesting a strong labor market. Treasury yields rose, reducing the likelihood of a March rate cut. The iShares 20+ Year Treasury Bond ETF (TLT) dropped significantly. The dollar remained stable, and Bitcoin recovered some losses. Financials outperformed with the Financial Select Sector SPDR Fund (XLF) rising, while real estate and solar sectors underperformed. Apple, Walgreens, and Peloton were notable stock movers, with Truist Financial (TFC) receiving an upgrade from Bank of America.

Portfolio Pulse from Piero Cingari

January 04, 2024 | 7:04 pm

XMRUSD

Monero (XMR) has seen a significant price increase of 5.85% in the last 24 hours, reaching $162.9, despite a weekly downtrend of 8%. The coin's all-time high is $542.33. Trading volume has risen by 16%, while the circulating supply has slightly decreased by 0.06%. Monero's market cap ranks it at #34, valued at $2.96 billion.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 7:03 pm

EDR

There was a notable options market activity for Endeavor Group Holdings, with a sweep of 6,836 contracts for February 16 $26 calls, traded above the ask price at $0.4 per contract. This activity comes ahead of the company's earnings report, which is expected to be released after market close on February 27. The stock reference price at the time of the options trade was $23.255.

Portfolio Pulse from Charles Gross

January 04, 2024 | 7:02 pm

BCH-USD

Bitcoin Cash (CRYPTO: BCH) has seen a significant decline, dropping over 10% in the last 24 hours to a price of $231.03. Over the past week, the cryptocurrency has experienced an 11% loss from $266.72. The trading volume has decreased by 67%, and the circulating supply has slightly dropped. The current market cap ranking for BCH is #23, with a valuation of $4.57 billion.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 7:02 pm

ZS

Options trading activity for Zscaler (NASDAQ:ZS) indicates a bearish sentiment among financial giants, with 61% of the unusual trades being bearish. The trades include 9 puts and 12 calls, with a focus on strike prices between $160 and $270. Zscaler, a SaaS cybersecurity firm, is currently trading at $211.19 with a slight increase of 0.45% and may be approaching overbought territory. The next earnings release is expected in 56 days.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 7:01 pm

NVT

Analysts have mixed opinions on nVent Electric (NYSE:NVT), with recent ratings ranging from bullish to bearish. Over the last quarter, there has been a shift towards a more positive outlook, with the average 12-month price target for NVT increasing to $62.75, up 3.29% from the previous target of $60.75. Analysts from RBC Capital and Citigroup have raised their price targets, while Barclays has lowered theirs. nVent Electric, a provider of electrical connection and protection solutions, shows strong financial health with a notable revenue growth rate, high net margin, and effective debt management.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 7:00 pm

BC

Raymond James analyst Joseph Altobello downgraded Brunswick Corp (NYSE:BC) to Market Perform from Outperform, citing a steady decline in U.S. new powerboat sales post-COVID due to inventory shortages, affordability, and macroeconomic uncertainty. He removed the $79 price target, expects a mid-single-digit headwind for BC's Boat segment in 2024, and projects adjusted EPS of $9.00 for 2023 and $8.75 for 2024. BC shares dropped 1.03% to $89.07.

Portfolio Pulse from Lekha Gupta

January 04, 2024 | 7:00 pm