Streetbeat News

Stock Prices

FDX

Whales are showing a bearish stance on FedEx (NYSE:FDX) with 57% of options trades being bearish. The stock is currently trading at $292.52, up 2.14%, and analysts have set an average target price of $336.33. The anticipated earnings release is in 3 days.

Portfolio Pulse from Benzinga Insights

September 16, 2024 | 6:45 pm

BUD

D

JPM

KO

MSFT

SCHW

WFC

Social Security payments are expected to increase by 2.5% next year, which may not be sufficient for seniors facing rising living costs. Retirement-oriented dividend stocks like Coca-Cola and Wells Fargo saw gains, while others had mixed performances.

Portfolio Pulse from Michael Juliano

September 16, 2024 | 6:43 pm

MODV

ModivCare has revised its full-year 2024 adjusted EBITDA guidance downwards from $185M-$195M to $170M-$180M, leading to a decline in its share price.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 6:42 pm

DKNG

PENN

DraftKings and other sportsbooks could benefit from favorable outcomes in the second week of the NFL season, with underdogs winning over 50% of games. Needham analyst Bernie McTernan reiterated a Buy rating and $60 price target for DraftKings, highlighting its strong position in the growing North American online gambling market.

Portfolio Pulse from Chris Katje

September 16, 2024 | 6:39 pm

CCM

Concord Medical Services shares rose following the announcement of a significant medical equipment procurement license for its proton therapy equipment.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 6:38 pm

JBDI

JBDI Holdings shares have been halted due to a circuit breaker as the stock plummets by 92.8%.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 6:21 pm

SMAR

Smartsheet shares are rising due to reports that Blackstone and Vista Equity are close to acquiring the company for approximately $56 per share.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 6:20 pm

LSCC

SMHX

SNSR

Lattice Semiconductor shares rose after appointing Ford Tamer as CEO. The company reaffirmed its Q3 2024 guidance, expecting revenue between $117M and $137M. Despite missing previous earnings estimates, the stock saw a 13.1% increase.

Portfolio Pulse from Lekha Gupta

September 16, 2024 | 6:07 pm

SPY

USO

Storm Francine has led to the shutdown of 12% of oil production and 16% of natural gas production in the U.S. Gulf of Mexico, as reported by Reuters citing BSEE.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 6:04 pm