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Stock Prices

SKK

SKK Holdings Limited has announced the pricing of its $10 million initial public offering, with shares priced at $4 each. The company will offer 1.75 million shares, while selling shareholders will offer 750,000 shares. Trading on NASDAQ under the symbol 'SKK' is set to begin on October 8, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 6:14 pm

SOXX

The iShares Semiconductor ETF (SOXX) has seen significant gains due to demand in AI, cloud computing, and automotive technologies. However, it is approaching a 'Death Cross,' a bearish technical indicator, amid geopolitical tensions and supply chain issues. Despite strong performance, investors should be cautious of potential volatility.

Portfolio Pulse from Surbhi Jain

October 07, 2024 | 6:13 pm

BMY

RVPH

Reviva Pharmaceuticals' Brilaroxazine shows strong efficacy in treating schizophrenia, potentially offering cognitive benefits and a better metabolic profile compared to Bristol Myers' recently FDA-approved Cobenfy. Analysts see potential for Brilaroxazine in the treatment landscape.

Portfolio Pulse from Vandana Singh

October 07, 2024 | 6:13 pm

SPY

Federal Reserve's Kashkari expressed confidence that a reduction in new rents indicates a decrease in housing inflation, and he does not see signs of resurgent inflation.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 6:04 pm

IYK

PG

VDC

Goldman Sachs has lowered its Q1 forecast for Procter & Gamble (PG) due to global challenges, particularly in international markets. The price target is reduced to $164 with a Neutral rating. Despite resilience in the U.S., international issues and FX headwinds are expected to result in flat net sales growth. PG's organic sales growth has decelerated, and investor expectations have shifted lower.

Portfolio Pulse from Lekha Gupta

October 07, 2024 | 6:04 pm

EG

SMCI

STZ

TLT

USO

Stocks fell as oil prices surged and 10-year yields crossed 4% due to Middle East tensions. The energy sector outperformed, with USO rising over 3%. Major indices like the S&P 500 and Dow Jones declined. Super Micro Computer Inc. surged 14% on product news, while Everest Group Ltd. and Constellation Brands Inc. faced downgrades.

Portfolio Pulse from Piero Cingari

October 07, 2024 | 6:02 pm

IBKR

Interactive Brokers (NASDAQ:IBKR) has announced that trading in Election Forecast Contracts has surpassed 1 million since their launch on October 3, 2024. These contracts allow US investors to trade predictions on political outcomes, economic data releases, and climate indicators via the ForecastEx exchange. The high demand highlights the growing relevance of political prediction markets.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 6:02 pm

SPY

Federal Reserve's Kashkari indicates a shift in economic risks from higher inflation to potential higher unemployment, while affirming the resilience of the US economy.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 6:01 pm

VSTO

Vista Outdoor (NYSE:VSTO) has received mixed analyst ratings over the past three months, with all four analysts maintaining a neutral or hold stance. The average 12-month price target has slightly increased to $41.25. Despite a recent revenue decline, Vista Outdoor shows strong financial health with high net margins, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

October 07, 2024 | 6:01 pm

BMY

Analysts have mixed views on Bristol-Myers Squibb (NYSE:BMY) with recent evaluations showing a range of sentiments. The average 12-month price target has increased slightly to $48.0. The company's financial health shows strong net margins and ROA, but challenges in ROE and revenue growth compared to peers.

Portfolio Pulse from Benzinga Insights

October 07, 2024 | 6:00 pm