Streetbeat News

Stock Prices

Bank of New York Mellon (NYSE:BK) reported strong Q3 earnings, surpassing expectations with a 20% YoY increase in EPS and a 5% rise in revenue. Analysts have raised their price targets for BK, reflecting positive sentiment.

Portfolio Pulse from Avi Kapoor

October 14, 2024 | 6:15 pm

JCI

Johnson Controls Intl's short interest has increased by 6.63%, with 10.51 million shares sold short, representing 1.77% of its float. This is below the peer group average of 3.99%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.

Portfolio Pulse from Benzinga Insights

October 14, 2024 | 6:15 pm

AON

Aon's short interest has increased by 7.07%, with 4.56 million shares sold short, representing 2.12% of its float. This is below the peer average of 3.38%. The rise in short interest suggests a bearish sentiment, but it doesn't guarantee a price drop.

Portfolio Pulse from Benzinga Insights

October 14, 2024 | 6:15 pm

WST

West Pharmaceutical Services (NYSE:WST) has seen a 7.45% decrease in its short percent of float, now at 2.61%. This is lower than its peers' average of 5.43%. The decrease in short interest may indicate a more bullish sentiment towards the stock.

Portfolio Pulse from Benzinga Insights

October 14, 2024 | 6:15 pm

ADBE

Adobe shares are experiencing an uptick following the announcement of new product launches at the Adobe MAX 2024 event.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 6:10 pm

WFC

Wells Fargo reported better-than-expected Q3 earnings with a GAAP EPS of $1.42, surpassing the consensus of $1.28. Revenue slightly missed expectations, falling 2% to $20.37 billion. Analysts have adjusted their price targets for Wells Fargo, with Evercore ISI Group raising it to $71, Piper Sandler to $62, and RBC Capital maintaining it at $61. The company expects a 9% decline in net interest income for 2024.

Portfolio Pulse from Avi Kapoor

October 14, 2024 | 6:10 pm

CLSK

COIN

DIA

IWM

MARA

MCHI

QQQ

SOFI

SPY

UPST

VST

WFC

XKE

XLK

The S&P 500 and Dow Jones Industrial Average hit record highs as investors anticipate key earnings reports. Bitcoin's rally boosts crypto stocks, while commodities decline. Notable stock movements include Vistra Corp., Wells Fargo, SoFi Technologies, and Upstart Holdings.

Portfolio Pulse from Piero Cingari

October 14, 2024 | 6:08 pm

RTX

Boeing is facing significant challenges, including a 10% workforce reduction, ongoing strikes, safety concerns, and financial losses. The company plans to cut 17,000 jobs to manage costs amid production delays and a strike by 33,000 factory workers. Boeing's Q3 earnings are expected to be impacted by these issues, with anticipated pre-tax charges of $5 billion across various segments. Despite these challenges, Goldman Sachs maintains a Buy rating on Boeing, citing better-than-expected cash flow and cost reduction plans.

Portfolio Pulse from Erica Kollmann

October 14, 2024 | 6:05 pm

AFRM

IPAY

TIME

Affirm Holdings, Inc. (AFRM) shares rose after Wedbush upgraded its rating and increased the price target, citing benefits from lower interest rates and a partnership with Apple Pay. The analyst expects improved margins and GMV growth, though competition and recession risks remain.

Portfolio Pulse from Lekha Gupta

October 14, 2024 | 5:50 pm

BLCO

DJT

NVDA

SIRI

U.S. stocks rose on Monday, with notable gains for NVIDIA, Trump Media & Technology, Bausch + Lomb, and Sirius XM. NVIDIA's shares increased by 2.9% following a recommendation from a Chinese think tank to continue using its chips. Trump Media surged 16.2% after launching a new streaming service. Bausch + Lomb rose 8.8% after FDA approval of a product and potential acquisition interest. Sirius XM gained 8.1% as Berkshire Hathaway increased its stake.

Portfolio Pulse from Avi Kapoor

October 14, 2024 | 5:47 pm