Streetbeat News

Stock Prices

SPY

The Philadelphia Fed Manufacturing Index for August came in at -7.0, significantly below the estimated 5.4 and the previous month's 13.9. This indicates a contraction in manufacturing activity in the region.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 12:30 pm

SPY

USA Core Retail Sales for July increased by 0.4%, surpassing the estimated 0.1% and slightly below the prior 0.5%.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 12:30 pm

BLUE

KE

PPC

SCSC

SNOW

Top Wall Street analysts have downgraded several notable stocks, including Snowflake Inc. (SNOW), bluebird bio, Inc. (BLUE), Pilgrim’s Pride Corporation (PPC), ScanSource, Inc. (SCSC), and Kimball Electronics, Inc. (KE). These downgrades reflect changes in analyst sentiment and price targets, impacting the short-term outlook for these companies.

Portfolio Pulse from Avi Kapoor

August 15, 2024 | 12:29 pm

SNOW

Snowflake shares are trading lower after Wells Fargo downgraded the stock from Overweight to Equal-Weight and lowered its price target from $200 to $130.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 12:28 pm

GOOG

GOOGL

Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) is appealing against the DOJ's antitrust ruling to avoid a potential breakup. Analyst Ray Wang discussed the market's anticipation of the appeal and the implications of Alphabet's exclusive deals with companies like Apple. Despite the DOJ's victory, a breakup is considered unlikely by some experts.

Portfolio Pulse from Benzinga Neuro

August 15, 2024 | 12:26 pm

CAG

PFE

TMUS

UPST

The Nasdaq 100 closed higher by around 0.1% during Wednesday's session. Notable insider trades were observed in Conagra Brands, T-Mobile US, Upstart Holdings, and Pfizer. Insider sales can indicate various factors, including preplanned sales or concerns about the company's prospects. Conagra Brands' EVP and COO sold 40,000 shares, T-Mobile US' President and CEO sold 40,000 shares, Upstart Holdings' CFO sold 1,500 shares, and Pfizer's SVP and Controller sold 5,154 shares.

Portfolio Pulse from Avi Kapoor

August 15, 2024 | 12:24 pm

DE

Deere & Co (NYSE:DE) reported Q3 earnings that beat expectations despite a 17% decline in net sales and revenue. The company reaffirmed its 2024 net income outlook. DE shares traded higher by 1.15% premarket.

Portfolio Pulse from Akanksha Bakshi

August 15, 2024 | 12:23 pm

TPR

Tapestry shares are trading higher after the company reported better-than-expected Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 12:21 pm

CLBT

Cellebrite shares are trading higher after the company reported better-than-expected Q2 financial results and raised its FY24 revenue guidance above estimates. Additionally, the company issued Q3 revenue guidance above estimates.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 12:17 pm

TSLA

Tesla's Supercharger network has been ranked highest in customer satisfaction among DC fast charger brands in the U.S. for the fourth consecutive year, according to a JD Power study. Tesla scored 731 points out of 1,000, significantly higher than Electrify America and ChargePoint. The opening of Tesla’s network to non-Tesla EV owners has contributed to the increased satisfaction. However, non-Tesla users face challenges such as the need for adapters and more complex payment processes. Despite the growth in the number of superchargers, the rate has slowed due to layoffs and other issues.

Portfolio Pulse from Anan Ashraf

August 15, 2024 | 12:16 pm