Streetbeat News

Stock Prices

AKTS

LPSN

MAXN

VUZI

Information Technology stocks experienced significant movements in Monday's intraday session, with notable gainers including Vuzix, LivePerson, and Maxeon Solar Technologies, among others, due to recent earnings reports and market activities. Conversely, Akoustis Technologies and other companies faced declines, with Akoustis's drop attributed to its Q3 earnings report.

Portfolio Pulse from Benzinga Insights

May 13, 2024 | 4:30 pm

HOOD

Robinhood Markets, Inc. (NASDAQ:HOOD) shares are trading higher after Roaring Kitty sparked a meme stock revival, influencing stocks like GameStop and AMC Entertainment. Heavy trading volume is noted with over 15.16 million shares traded, against a 100-day average of 17.031 million. Analysts have mixed ratings on HOOD, with an average 12-month price target of $19.67, suggesting potential upside.

Portfolio Pulse from Erica Kollmann

May 13, 2024 | 4:30 pm

ZS

Zscaler (NASDAQ:ZS) has delivered an average annual return of 17.26% over the past 5 years, outperforming the market by 4.5% annually. With a current market capitalization of $26.17 billion, an initial investment of $100 in ZS 5 years ago would be worth $222.04 today.

Portfolio Pulse from Benzinga Insights

May 13, 2024 | 4:30 pm

EME

EMCOR Group (NYSE:EME) has significantly outperformed the market with an annualized return of 20.75% over the past 15 years, turning a $1000 investment into $16,691.08 today. The company's market capitalization stands at $18.00 billion.

Portfolio Pulse from Benzinga Insights

May 13, 2024 | 4:30 pm

RXRX

Recursion Pharmaceuticals shares are trading higher following the announcement of the completion of BioHive-2.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 4:21 pm

MA

V

Piper Sandler initiated coverage on Visa Inc (NYSE:V) and Mastercard Inc (NYSE:MA) with Overweight ratings, highlighting their strong positions in the global payments landscape and potential for growth driven by generative AI and extensive FinTech ecosystem partnerships. Visa and Mastercard are expected to benefit from significant tech investments, including in generative AI, with a potential opportunity of over $255 trillion in the consumer payments sector. Mastercard is expected to see 11.0% revenue growth this year and 12.7%+ by FY25, while Visa is expected to drive revenue growth of 10.7%.

Portfolio Pulse from Surbhi Jain

May 13, 2024 | 4:19 pm

ROKU

Deep-pocketed investors show a divided sentiment on Roku (NASDAQ:ROKU), with options activity suggesting a bullish trend. The options scanner revealed significant activity, indicating a price target between $55.0 and $63.0. Roku's current trading volume and price show a slight increase, with expert ratings offering mixed outlooks.

Portfolio Pulse from Benzinga Insights

May 13, 2024 | 4:16 pm

SPCE

TD Cowen analyst Oliver Chen has maintained a Buy rating on Virgin Galactic Holdings (NYSE:SPCE) but has lowered the price target from $2.5 to $2.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 4:14 pm

SQSP

Baird analyst Vikram Kesavabhotla downgraded Squarespace (SQSP) from Outperform to Neutral and reduced the price target from $45 to $44.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 4:13 pm

AMD

META

MSFT

NVDA

ORCL

SONY

AMD reported a slight revenue increase and a return to net income in Q1 but failed to meet high expectations, especially in AI chip sales compared to Nvidia. Despite an 80% jump in data center revenue, weaknesses in gaming and embedded segments weighed on results. AMD's AI chips are used by Microsoft, Meta, and Oracle, with over $1 billion in sales since Q4 2022. However, gaming revenue dropped 48%, and embedded segment revenue fell 46%. AMD raised its full-year AI chip sales forecast but provided a Q2 revenue guidance in line with estimates, disappointing investors hoping for stronger demand.

Portfolio Pulse from Upwallstreet

May 13, 2024 | 4:09 pm