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Stock Prices

LUV

Southwest Airlines' shares are trading higher, even without any new company announcements. The increase follows a report from Friday stating that the airline plans to reduce pilot hours due to delays in Boeing deliveries.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 7:53 pm

FIX

Comfort Systems shares are trading higher despite no new company announcements in today's session.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 7:52 pm

ANET

GFS

Arista Networks Inc (ANET) and Globalfoundries Inc (GFS) are set to report their Q1 earnings, with analysts favoring GFS as the better buy due to its more favorable valuation and higher upside potential. ANET has seen significant gains, leading to a premium valuation, while GFS, part of the MANGO semiconductor group, is considered undervalued with a forward P/E of 23.66 compared to ANET's 32.28. Analysts predict a 22.62% upside for GFS, against a 6.69% for ANET.

Portfolio Pulse from Surbhi Jain

May 06, 2024 | 7:52 pm

FPX

LYFT

MILN

TSLA

UBER

Morgan Stanley analyst Brian Nowak reaffirmed an Overweight rating on Uber Technologies, Inc. (UBER) with a $90 price target, citing its attractive growth-adjusted multiple compared to Lyft, Inc. (LYFT), Maplebear Inc. (CART), and others. Nowak highlighted Uber's potential for growth and profitability, leveraging its multi-product rides and cross-platform strategies. Concerns about competition from autonomous driving technologies, notably Tesla Inc.'s (TSLA) advancements, were also mentioned. Uber's stock has seen significant growth, and exposure to UBER can be gained through ETFs like First Trust US Equity Opportunities ETF (FPX) and Global X Millennial Consumer ETF (MILN).

Portfolio Pulse from Anusuya Lahiri

May 06, 2024 | 7:50 pm

DELL

Dell shares are trading higher amid broader tech strength, indicating a positive market sentiment towards technology stocks.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 7:48 pm

EIS

USO

Hamas has accepted a ceasefire proposal mediated by Egypt and Qatar, which Israel views as 'softened' and potentially unacceptable. The U.S. opposes an Israeli military operation in Rafah, emphasizing the need to protect Palestinian civilians. The ceasefire acceptance and subsequent developments have led to a slight rise in Israeli stocks, as indicated by the iShares MSCI Israel ETF (EIS), and an increase in oil prices, impacting the United States Oil Fund (USO).

Portfolio Pulse from Piero Cingari

May 06, 2024 | 7:43 pm

CVX

Chevron CEO, at the Milken Conference, stated that the energy transition will have inflationary impacts, suggesting potential cost increases in the energy sector.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 7:42 pm

LLY

Lilly shares are trading higher after experiencing a decline last week due to updates on competing weight loss drugs from Amgen.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 7:41 pm

AMD

KLAC

MPWR

QCOM

Chip stocks are experiencing an uptick in trading, likely influenced by Qualcomm's robust earnings report and a recent Semiconductor Industry Association (SIA) report indicating a rise in chip sales for March.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 7:39 pm

SLV

Silver and other precious metals are trading higher due to expectations of rate cuts and increased buying from China, particularly noted in gold's performance.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 7:34 pm