Streetbeat News

Stock Prices

FSLR

Investor Business Daily's SwingTrader has sold its position in First Solar (FSLR).

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 4:59 pm

SPY

Fed's Cook acknowledges issues with commercial real estate, particularly for smaller banks. Emphasizes the importance of monitoring the distribution of Fed dots over the median and warns that the path to 2% inflation will be bumpy and uneven.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 4:57 pm

WOR

Worthington Enterprises, Inc. (NYSE:WOR) has announced an increase in its quarterly dividend from $0.16 to $0.17 per share, a 6.25% rise. The dividend will be payable on September 27, 2024, to shareholders of record on September 13, 2024. The company has consistently paid a quarterly dividend since its IPO in 1968.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 4:54 pm

BLCO

CLSD

RGNX

Oppenheimer has initiated coverage on Clearside Biomedical Inc (NASDAQ:CLSD) with an Outperform rating and a price target of $5. The company is recognized for its pioneering suprachoroidal drug delivery system, which offers targeted and effective treatment for retinal diseases. Clearside's strategic partnerships with Bausch + Lomb Corp (NYSE:BLCO) and REGENXBIO Inc (NASDAQ:RGNX) further validate its technology. The stock is up 14.35% following the news.

Portfolio Pulse from Vandana Singh

June 25, 2024 | 4:54 pm

BALL

Ball Corp (NYSE:BALL) shares have declined by around 9% over the past month, but Truist Securities' analyst Michael Roxland sees this as an overreaction. Roxland upgraded Ball's rating from Hold to Buy and raised the price target from $67 to $76, citing resilient volume growth, strong free cash flow generation, and industry-leading capital return to shareholders.

Portfolio Pulse from Priya Nigam

June 25, 2024 | 4:50 pm

SPY

Fed's Cook stated that the Federal Reserve has distinct tools to manage the economy and the financial system. This suggests a nuanced approach to monetary policy and financial stability.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 4:48 pm

GOOG

GOOGL

META

Bank of America analyst Justin Post maintains Buy ratings for both Meta (price target $550) and Alphabet (price target $200). Meta is favored for its AI advancements and potential benefits from U.S. legislative action against TikTok, while Alphabet is seen as having a revenue and earnings advantage. Both companies face regulatory risks.

Portfolio Pulse from Hayden Buckfire

June 25, 2024 | 4:46 pm

SPY

Federal Reserve Governor Lisa Cook stated that the neutral interest rate, or R-star, is not a key factor for real-time decision-making by the Fed. This suggests that the Fed may rely on other economic indicators for policy decisions.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 4:44 pm

ONON

Investor Business Daily's SwingTrader has sold its position in On Holding (ONON). This move could indicate a bearish sentiment towards the stock in the short term.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 4:37 pm

DEC

Diversified Energy Company PLC (NYSE:DEC) has completed the acquisition of certain assets from Oaktree Capital Management. Truist Securities initiated coverage with a Buy rating and a price target of $18, citing high free cash flow yield, fixed dividend, and upcoming addition to the Russell 2000. The company has a lower base production decline compared to its peers and a strong track record of acquisitions.

Portfolio Pulse from Priya Nigam

June 25, 2024 | 4:36 pm