Streetbeat News

Stock Prices

ACET

ATXI

DYN

OMGA

RLMD

SLS

In Thursday's intraday session, several healthcare stocks experienced significant movements. Omega Therapeutics (OMGA) saw a 99.6% increase, while Avenue Therapeutics (ATXI) rose by 56.08%. Dyne Therapeutics (DYN) and Adicet Bio (ACET) also saw substantial gains. Conversely, SELLAS Life Sciences (SLS) and Relmada Therapeutics (RLMD) faced sharp declines, along with LifeMD (LFMD) and OPKO Health (OPK).

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 5:31 pm

ASTR

ATIF

ELIQ

ELWS

JCSE

MPU

NKLA

RMCO

SATL

SGLY

UGRO

ZIM

During Thursday's intraday session, several industrial stocks experienced significant movements. ATIF Holdings, JE Cleantech Holdings, Royalty Management Holdings, Nikola, ZIM Integrated Shipping, and Urban-gro saw their shares rise by 11.84% to 21.9%. Conversely, Earlyworks Co, Mega Matrix, Astra Space, Electriq Power Holdings, Singularity Future Tech, and Satellogic experienced declines ranging from 8.32% to 14.5%. The movements reflect changes in market value and capitalization for these companies.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 5:31 pm

IFBD

MINM

MOBX

PERF

SDIG

TAOP

In Thursday's intraday session, several information technology stocks experienced significant movements. Minim (MINM) saw a dramatic increase of 141.6%, while Mobix Labs (MOBX) and Stronghold Digital Mining (SDIG) also posted substantial gains. Conversely, Infobird Co (IFBD), Taoping (TAOP), and Perfect (PERF) were among the stocks that fell sharply.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 5:31 pm

LOW

Over the past 20 years, Lowe's Companies (NYSE:LOW) has produced an average annual return of 11.04%, outperforming the market by 3.64% on an annualized basis. A $100 investment in LOW 20 years ago would be worth $825.51 today. Lowe's currently has a market cap of $122.27 billion. The key takeaway is the significant impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 5:30 pm

PGR

Over the past 10 years, Progressive (NYSE:PGR) has delivered an average annual return of 20.39%, outperforming the market by 10.54% on an annualized basis. A $100 investment in PGR a decade ago would be worth $631.87 today. Progressive's market capitalization currently stands at $96.27 billion.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 5:30 pm

FND

Wells Fargo analyst Zachary Fadem has downgraded Floor & Decor Holdings (FND) from Overweight to Equal-Weight while increasing the price target from $85 to $105. This reflects a more neutral stance on the stock, albeit with a higher expected price level.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 5:30 pm

ALLY

AMZN

AXP

COF

MSFT

NKE

VCR

Online spending during the 2023 holiday season reached a record $222.1 billion, up 4.9% from the previous year, driven by deep discounts and 'buy now, pay later' deals. The Vanguard Consumer Discretionary ETF (VCR) saw a 22.8% gain during this period but has since dropped 3.5% in early 2024. Electronics, apparel, and furniture were top categories, with Microsoft's Xbox and sports apparel like sneakers being popular items. 'Buy now, pay later' contributed $16.6 billion in holiday spend, but credit card delinquencies are rising, with Goldman Sachs predicting normalization by 2025. American Express, Capital One, and Ally Financial were highlighted as top picks in the consumer finance sector.

Portfolio Pulse from Neil Dennis

January 04, 2024 | 5:29 pm

SNDR

Evercore ISI Group analyst Jonathan Chappell downgraded Schneider National (NYSE:SNDR) from Outperform to In-Line and set a price target of $25.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 5:28 pm

Lamb Weston Holdings, Inc. (NYSE:LW) shares rose after reporting Q2 sales of $1.732 billion, surpassing the $1.70 billion analyst consensus. Adjusted EPS of $1.45 also beat the $1.41 consensus. The company cited pricing actions, mix improvements, and supply chain savings as drivers, despite a $71 million charge for excess raw potatoes. Gross profit and adjusted income from operations increased, and adjusted EBITDA rose 15% to $376.9 million. LW repurchased $50 million in stock and paid $41 million in dividends, announcing a 29% dividend increase to $0.36 per share. The FY24 net sales target was reaffirmed at $6.8-$7.0 billion, and the diluted EPS target was raised to $5.70-$6.15. LW shares were up 0.27% to $105.21.

Portfolio Pulse from Nabaparna Bhattacharya

January 04, 2024 | 5:26 pm

GBTC

Grayscale and VanEck have filed paperwork with the SEC, indicating progress towards a spot ETF for Bitcoin. Grayscale Bitcoin Trust (GBTC) filed a Form 8-A registration, following Fidelity's filing earlier in January. VanEck Bitcoin Trust also filed its securities registration. Analysts, including Bloomberg's James Seyffart, suggest that the SEC could indicate approvals soon, potentially as early as January 8-10. ETF expert Nate Geraci referenced Coinbase's readiness for spot Bitcoin ETF launches. Crypto trader Ash Crypto projected a Bitcoin rally to $250,000, citing a significant influx of capital into the crypto market. This news has sparked optimism and a price rebound in the cryptocurrency markets.

Portfolio Pulse from Khyathi Dalal

January 04, 2024 | 5:22 pm