Streetbeat News

Stock Prices

SPY

In a CNBC interview, Fed's Schmid suggested the potential to accelerate the reduction of the Federal Reserve's balance sheet. This could impact market liquidity and interest rates, influencing investor sentiment and stock prices.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 1:08 pm

PTON

Peloton Interactive, Inc. (NASDAQ:PTON) reported unexpected Q4 sales growth, marking the first positive EBITDA since 2021. The company's stock rose 10.40% in premarket trading. Despite a slight decline in membership, Peloton beat revenue and EPS expectations. However, it anticipates sales headwinds in Q1 2025 due to macroeconomic uncertainties.

Portfolio Pulse from Vandana Singh

August 22, 2024 | 1:06 pm

TVGN

Tevogen Bio Holdings Inc. (NASDAQ:TVGN) has secured a $6 million Series C Preferred Stock investment from The Patel Family, LLP. This investment will support Tevogen's development of T cell therapeutics in oncology, neurology, and virology.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 1:05 pm

ZK

Zeekr, a luxury EV brand under Geely, plans to launch a hybrid SUV in 2025, marking a shift from its BEV focus. This move aligns with consumer preferences for hybrids to avoid range anxiety. Zeekr's stock (NYSE:ZK) is trading lower by 1.31% premarket.

Portfolio Pulse from Nabaparna Bhattacharya

August 22, 2024 | 1:03 pm

SMFL

Smart For Life shares rise as the company announces plans to expand its acquisitions in the Nutraceutical industry.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 1:01 pm

BBW

Build-A-Bear Workshop (NYSE:BBW) has received six bullish analyst ratings in the past three months, with a consistent 12-month price target of $41.00. Despite revenue challenges, the company shows strong profitability and effective financial management.

Portfolio Pulse from Benzinga Insights

August 22, 2024 | 1:01 pm

SPT

Sprout Social (NASDAQ:SPT) has received mixed analyst ratings over the past three months, with a decline in the average 12-month price target. Analysts have varied in their outlooks, with some maintaining or lowering their ratings. The company has shown positive revenue growth but faces challenges with profitability and returns on equity and assets.

Portfolio Pulse from Benzinga Insights

August 22, 2024 | 1:00 pm

CROX

In the past three months, 6 analysts have provided ratings on Crocs (NASDAQ:CROX), with a mix of bullish and somewhat bullish sentiments. The average 12-month price target has increased by 5.07% to $165.67. Analysts have adjusted their ratings and price targets based on recent market conditions and company performance. Crocs has shown strong financial performance with impressive revenue growth, net margin, ROE, and ROA, but faces challenges with a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

August 22, 2024 | 1:00 pm

MSOS

MSOX

The cannabis market is facing volatility, with ETFs like AdvisorShares Pure US Cannabis ETF (MSOS) and its leveraged counterpart MSOX experiencing challenges due to regulatory uncertainty and underperforming stocks. However, potential regulatory reforms, such as cannabis rescheduling, offer hope for recovery.

Portfolio Pulse from Javier Hasse

August 22, 2024 | 1:00 pm

EGP

Analysts have provided mixed ratings for EastGroup Properties (NYSE:EGP) over the past three months, with a recent average price target of $193.75, reflecting a 9.62% increase. Analysts have raised their price targets, indicating a positive outlook. EastGroup Props has shown strong financial performance with impressive revenue growth, net margin, ROE, and ROA, while maintaining a conservative debt management approach.

Portfolio Pulse from Benzinga Insights

August 22, 2024 | 1:00 pm