Streetbeat News

Stock Prices

BNO

CVX

SHEL

UCO

USO

XOM

Oil prices fell as OPEC+ considers delaying production hikes due to demand concerns and potential Libyan supply. This has impacted oil-related stocks and ETFs, causing declines in Exxon Mobil, Chevron, Shell, and others.

Portfolio Pulse from Michael Juliano

September 04, 2024 | 6:08 pm

T

VZ

Verizon Communications Inc. (NYSE:VZ) shares fell by 3.84% amid reports of advanced talks to acquire Frontier Communications, a move aimed at enhancing its fiber network. The potential acquisition, valued over $7 billion, raises concerns about Verizon's financial health and integration risks.

Portfolio Pulse from Henry Khederian

September 04, 2024 | 6:02 pm

SPY

The Federal Reserve's Beige Book reports that contacts generally expect price and cost pressures to stabilize or ease in the coming months. This could indicate a potential shift in economic conditions, impacting market expectations and investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 6:01 pm

FCX

Analysts have varied opinions on Freeport-McMoRan (NYSE:FCX), with recent ratings showing a mix of bullish and indifferent sentiments. The average 12-month price target has increased slightly to $56.67. Despite positive revenue growth, the company faces challenges in profitability and debt management.

Portfolio Pulse from Benzinga Insights

September 04, 2024 | 6:01 pm

INVH

Invitation Homes (NYSE:INVH) has been evaluated by 11 analysts over the past three months, with a mix of bullish and indifferent ratings. The average 12-month price target has increased by 4.08% to $38.82. Analysts have adjusted their ratings and price targets, reflecting evolving market conditions. Invitation Homes owns a large portfolio of single-family rental homes and has shown strong revenue growth and net margin, though its ROE and ROA are below industry standards.

Portfolio Pulse from Benzinga Insights

September 04, 2024 | 6:00 pm

NXT

Analysts have mixed ratings for NEXTracker (NASDAQ:NXT), with recent price targets averaging $59.9, a decrease from $63.75. The company shows strong financial performance with a 50.13% revenue growth, 16.9% net margin, and a low debt-to-equity ratio of 0.13.

Portfolio Pulse from Benzinga Insights

September 04, 2024 | 6:00 pm

ANF

Abercrombie & Fitch (NYSE:ANF) has seen a 5.3% decrease in its short percent of float, now at 13.05%. This is lower than its peers' average of 17.66%. The reduced short interest may indicate a more bullish sentiment towards the stock.

Portfolio Pulse from Benzinga Insights

September 04, 2024 | 6:00 pm

MGY

Over the past three months, 8 analysts have shared their ratings on Magnolia Oil & Gas (NYSE:MGY), with a mix of bullish and somewhat bullish sentiments. The average 12-month price target is $30.38, a 2% decline from the previous target. Analysts have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Magnolia Oil & Gas has shown strong financial performance with a 20.13% revenue growth rate, a net margin of 28.02%, and a debt-to-equity ratio of 0.22.

Portfolio Pulse from Benzinga Insights

September 04, 2024 | 6:00 pm

BRO

Brown & Brown's short interest has decreased by 8%, with 2.75 million shares sold short, representing 1.15% of its float. This is lower than the peer average of 3.38%, indicating a more bullish sentiment towards the stock.

Portfolio Pulse from Benzinga Insights

September 04, 2024 | 6:00 pm

ODFL

Old Dominion Freight Line (NASDAQ:ODFL) has significantly outperformed the market over the past decade, with an average annual return of 23.75%. A $100 investment in ODFL 10 years ago would now be worth $838.50. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

September 04, 2024 | 6:00 pm