Streetbeat News

Stock Prices

AISP

ARBB

CAMP

CMTL

GCTS

LTRX

MFH

NEON

QMCO

SONM

SPEC

UBXG

The article highlights the intraday movements of 12 information technology stocks on Tuesday. Notable gainers include U-BX Technology (NASDAQ:UBXG) with a 61.4% increase and Airship AI Holdings (NASDAQ:AISP) with a 47.13% rise. On the losing side, CalAmp (NASDAQ:CAMP) saw a significant drop of 33.4%, and Spectaire Holdings (NASDAQ:SPEC) declined by 23.15%.

Portfolio Pulse from Benzinga Insights

June 11, 2024 | 4:31 pm

MTD

Mettler-Toledo Intl (NYSE:MTD) has significantly outperformed the market over the past decade, delivering an average annual return of 19.24%. A $100 investment in MTD 10 years ago would now be worth $584.86.

Portfolio Pulse from Benzinga Insights

June 11, 2024 | 4:30 pm

HEI

Heico (NYSE:HEI) has significantly outperformed the market over the past 15 years, delivering an average annual return of 23.44%. A $100 investment in HEI 15 years ago would be worth $2,400.17 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

June 11, 2024 | 4:30 pm

AEP

American Electric Power (NYSE:AEP) has seen a 27.17% increase in its short percent of float, now at 2.2% of all regular shares available for trading. This indicates a rise in bearish sentiment among investors. However, AEP's short interest is still below the peer group average of 2.34%.

Portfolio Pulse from Benzinga Insights

June 11, 2024 | 4:30 pm

DWAC

Trump Media & Technology Group shares are trading lower after the company filed a prospectus for the issuance of up to 14.4 million common shares upon warrant exercise and resale of 146.1 million shares by selling stockholders, including 78.8 million shares held by Trump.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 4:23 pm

PSX

Phillips 66 (NYSE:PSX) is deploying its asset base near historical highs to meet peak summer demand. Goldman Sachs analyst Neil Mehta maintained a Buy rating but reduced the price target from $166 to $152. The company has achieved significant cost reductions and expects further improvements by yearend 2024. Shares of Phillips 66 declined by 1.13% to $136.51.

Portfolio Pulse from Priya Nigam

June 11, 2024 | 4:22 pm

ZEEKR Intelligent Tech shares are trading lower despite better-than-expected Q1 earnings. The stock initially gained in premarket trading but has since reversed.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 4:21 pm

SPY

USO

The EIA has revised its forecast for U.S. petroleum and other liquid fuels consumption. The growth for 2024 is now expected to be 100,000 barrels/day, down from the previous forecast of 200,000 barrels/day. However, the growth for 2025 has been revised upwards to 300,000 barrels/day from the previous forecast of 200,000 barrels/day.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 4:19 pm

SPY

USO

The EIA has revised its forecast for U.S. oil output growth in 2025, lowering it to 470,000 barrels/day from the previous 530,000 barrels/day. Additionally, the overall U.S. oil production forecast for 2025 has been slightly reduced to 13.71 million barrels/day from 13.73 million barrels/day.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 4:19 pm

RKLB

Rocket Lab USA Inc (NASDAQ:RKLB) shares dropped after announcing the window for its 50th Electron launch. Goldman Sachs initiated coverage with a Neutral rating and a $4.50 price target, highlighting the company's market leadership in dedicated space launches and the growth of its products business. However, concerns remain about its current negative EBITDA and free cash flow, and the uncertainty of future profitability.

Portfolio Pulse from Priya Nigam

June 11, 2024 | 4:18 pm