Streetbeat News

Stock Prices

SCHW

Charles Schwab reported 314,000 new brokerage accounts in May, which is flat year-over-year but down 13% compared to April 2024.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 12:54 pm

DELL

PANW

SNAP

Insiders from Dell Technologies, Snap, Palo Alto Networks, and ON Semiconductor have recently sold shares. Insider sales can indicate concerns about a company's prospects or that the stock is overpriced. However, these sales should not be the sole basis for investment decisions.

Portfolio Pulse from Avi Kapoor

June 14, 2024 | 12:51 pm

NBY

NovaBay Pharmaceuticals has announced a warrant exercise at a reduced price of $2.50 per share, resulting in the exercise of 90,381 shares and generating $225,952 in gross proceeds.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 12:50 pm

RH (NYSE:RH) reported mixed Q1 results with a larger-than-expected loss per share but slightly better-than-expected sales. Despite positive demand trends, analysts have cut their price targets for RH. The stock fell 3% following the report.

Portfolio Pulse from Avi Kapoor

June 14, 2024 | 12:50 pm

GLUE

Monte Rosa Therapeutics presented preclinical data at EULAR 2024 for MRT-6160, a VAV1-directed molecular glue degrader (MGD) for treating rheumatoid arthritis. The data shows MRT-6160 inhibits disease progression, pro-inflammatory cytokines, and autoantibody production. A Phase 1 SAD/MAD study is expected to start in mid-2024, with initial clinical data anticipated in Q1 2025.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 12:46 pm

CAT

FCX

QCOM

SBUX

CNBC's 'Final Trades' featured stock picks from various analysts. Jim Lebenthal recommended Qualcomm (QCOM), citing strong technicals and fundamentals. Bryn Talkington highlighted Freeport-McMoRan (FCX) for its support at $45 and new CEO. Jason Snipe chose Caterpillar (CAT), which recently raised its dividend and share repurchase program. Joshua Brown picked Starbucks (SBUX), which won a significant Supreme Court ruling. Stock price movements were mixed, with QCOM and SBUX gaining, while FCX and CAT saw declines.

Portfolio Pulse from Avi Kapoor

June 14, 2024 | 12:43 pm

ADBE

CRM

IGPT

IGV

NOW

Adobe Inc. (NASDAQ:ADBI) shares are surging in premarket trading following an optimistic sales forecast for its AI-infused creative products. The company anticipates higher-than-expected digital media revenue and has raised its fiscal-year profit forecast. Adobe's AI model, Firefly, has been widely adopted, contributing to the positive outlook.

Portfolio Pulse from Shivani Kumaresan

June 14, 2024 | 12:43 pm

TSLA

Tesla Inc (NASDAQ:TSLA) teased three new vehicles at its annual shareholder meeting, including a potential more affordable model. The company is also working on a dedicated robotaxi and a next-generation Roadster. Tesla's current lineup includes five vehicles in production and the Semi under pilot production, with volume production plans approved for the Semi. The tease comes amidst concerns about Tesla's aging lineup and a recent decline in sales.

Portfolio Pulse from Anan Ashraf

June 14, 2024 | 12:42 pm

SVMH

SRIVARU shares are trading higher after the company announced it will begin accepting paid reservations and bookings for its flagship product, the PRANA 2.0, on June 16th.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 12:42 pm

SPY

Federal Reserve's Mester stated that the current monetary policy is well-positioned, indicating confidence in the economic outlook. This could impact market sentiment positively.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 12:42 pm