Streetbeat News

Stock Prices

BBCP

GEN

HALO

MTN

XOM

Top Wall Street analysts have downgraded several notable stocks, including Exxon Mobil, Vail Resorts, Gen Digital, Halozyme Therapeutics, and Concrete Pumping Holdings. These downgrades come with adjusted price targets and varying impacts on the stock prices.

Portfolio Pulse from Avi Kapoor

June 07, 2024 | 1:30 pm

FPX

IOT

LRNZ

Samsara Inc. (NYSE:IOT) shares are trading lower after reporting strong Q1 FY25 results, with revenue and earnings beating estimates. Despite positive financials, the stock is down 12.7% premarket. Investors can also gain exposure through ETFs like FPX and LRNZ.

Portfolio Pulse from Lekha Gupta

June 07, 2024 | 1:27 pm

BTCUSD

Bitcoin experienced a sharp drop of $1,300 following the release of the U.S. employment report, which showed higher-than-expected non-farm payrolls and a slight increase in the unemployment rate. Despite this, institutional investors are driving significant Bitcoin accumulation, with new whale wallets adding around $1 billion in BTC daily. The demand for Bitcoin from large investors is growing, and holdings in Bitcoin spot ETFs in the USA have increased. However, the growth of stablecoin liquidity, particularly Tether's USDT, has slowed, which could hinder a sustained price rally.

Portfolio Pulse from Murtuza Merchant

June 07, 2024 | 1:25 pm

BRZE

Braze, Inc. (NASDAQ:BRZE) reported better-than-expected Q1 earnings, with revenue of $135.459 million and an adjusted loss of 5 cents per share, both beating estimates. The company also raised its Q2 and full-year revenue guidance. Analysts revised their price targets, with Piper Sandler cutting to $55, Canaccord Genuity increasing to $53, and Needham maintaining at $70.

Portfolio Pulse from Avi Kapoor

June 07, 2024 | 1:21 pm

GFI

HMY

NEM

Shares of precious metals companies are trading lower amid a drop in gold and silver following US economic data.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 1:20 pm

AMC

GME

The upcoming Roaring Kitty YouTube livestream has generated significant attention, with over 30,000 people waiting for it to begin. The anticipation is heightened by GameStop Corp's (NYSE:GME) early release of its first-quarter 2024 earnings, which missed the consensus estimate. The live chat reflects a range of sentiments and expectations, with mentions of both GameStop and AMC Entertainment Holdings Inc (NYSE:AMC).

Portfolio Pulse from Michael Cohen

June 07, 2024 | 1:19 pm

SAVE

Spirit Airlines has announced that it is not evaluating Chapter 11 bankruptcy at this time, according to Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 1:16 pm

SIFY

Sify Technologies Ltd. (NASDAQ:SIFY) has announced the commencement of its previously announced rights offering. The offering will provide holders of equity shares and ADSs with transferable rights to subscribe for new equity shares and ADSs at specified prices.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 1:10 pm

DOCU

DocuSign, Inc. (NASDAQ:DOCU) reported better-than-expected Q1 earnings and announced a $1 billion increase to its stock repurchase program. Despite the positive results, analysts from Baird, B of A Securities, and Needham lowered their price targets for the stock.

Portfolio Pulse from Avi Kapoor

June 07, 2024 | 1:09 pm

ASXC

Asensus Surgical shares are trading higher following the announcement that the company will be acquired by KARL STORZ for $0.35 per share in cash.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 1:07 pm