Streetbeat News

Stock Prices

VGK

The Eurozone Services Purchasing Managers Index (PMI) for September was reported at 51.4, higher than the estimated 50.5 but lower than the previous month's 52.9. This indicates a slower expansion in the services sector compared to August.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 8:06 am

AAPL

GOOGL

A CIRP study reveals that Apple iPhone users retain their devices longer than Android users, with one-third of iPhone users keeping their phones for over three years. This trend is attributed to iPhone's durability, transparent payment plans, and fewer new features. Apple and Samsung dominate the U.S. smartphone market, while Google's Android remains a niche player.

Portfolio Pulse from Ananya Gairola

October 03, 2024 | 7:58 am

EWG

The Germany Services Purchasing Managers Index (PMI) for September remained unchanged at 50.6, meeting expectations but slightly down from the previous month's 51.2. This indicates a stable but slightly slowing growth in the German services sector.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 7:56 am

EWQ

The France Services Purchasing Managers Index (PMI) for September was reported at 49.6, which is higher than the estimated 48.3 but lower than the previous month's 55.0. This indicates a contraction in the services sector, though less severe than expected.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 7:56 am

AAPL

Apple CEO Tim Cook sold over 220,000 shares worth $50 million, while also receiving a grant of 219,502 shares. This comes amid significant company transitions, including a new CFO and the upcoming AI-enabled iPhone 16 launch. Despite challenges, Apple remains optimistic about growth.

Portfolio Pulse from Benzinga Neuro

October 03, 2024 | 7:37 am

ANGO

NKE

STZ

U.S. stocks closed slightly higher despite Middle East tensions, with the Fear & Greed Index in the 'Greed' zone. Nike shares fell 7% after price target cuts due to a revenue miss. Investors await earnings from Constellation Brands and AngioDynamics.

Portfolio Pulse from Avi Kapoor

October 03, 2024 | 7:27 am

ANGO

BIGC

LEVI

PCSA

STZ

U.S. stock futures are trading lower, with Constellation Brands, Levi Strauss, AngioDynamics, BigCommerce, and Processa Pharmaceuticals in focus. Constellation Brands is expected to report earnings, Levi Strauss posted mixed results, AngioDynamics is expected to post a loss, BigCommerce appointed a new CEO, and Processa Pharmaceuticals announced a Phase 2 trial.

Portfolio Pulse from Avi Kapoor

October 03, 2024 | 7:10 am

PNTG

The Pennant Group has announced a public offering of 3.5 million common shares at $31 per share, totaling $108.5 million. The proceeds will be used to repay debt and for general corporate purposes. The offering is expected to close on October 4, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 6:56 am

TSLA

UBER

Tesla is set to host its Robotaxi event on October 10, where it may demonstrate its 'cybercab' and discuss its autonomous ride-sharing plans. Analyst Adam Jonas from Morgan Stanley has an Overweight rating and a $310 price target for Tesla, expecting a potential commercial launch in 2025 or 2026. Tesla may offer incentives to ride-share drivers and target high-density metro areas.

Portfolio Pulse from Shanthi Rexaline

October 03, 2024 | 6:32 am

PAC

Grupo Aeroportuario del Pacifico (PAC) reported a 3.9% decrease in passenger traffic for September 2024 compared to the previous year. While Guadalajara airport saw a 4.1% increase, Los Cabos, Tijuana, and Puerto Vallarta experienced declines of 9.9%, 6.2%, and 5.1% respectively. Montego Bay also saw an 11.5% decrease.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 6:04 am