Streetbeat News

Stock Prices

SPY

The Richmond Manufacturing Index for May came in at 0, which is better than the estimated -6 and the prior -7.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 2:00 pm

AAPL

Apple's EU App Store sales remain steady despite regulatory changes, with negligible revenue impact after complying with the EU’s Digital Markets Act. Evercore ISI maintains an Outperform rating and a $220 target on Apple.

Portfolio Pulse from Benzinga Neuro

May 29, 2024 | 1:58 pm

UNH

UnitedHealth Group's shares are trading lower after the company flagged Medicaid risks at the Bernstein 40th Annual Strategic Decisions Conference.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 1:54 pm

JPM

SPY

JP Morgan CEO Jamie Dimon discusses the importance of the board's decisions, the overstated significance of CEO-Chairman split, and the lack of a magic formula for succession. He also highlights the importance of market share for profitability, the higher chance of stagflation, and the current strength of credit.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 1:48 pm

NABL

N-Able shares are trading higher following a report suggesting the company is running a sale process amid takeover interest.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 1:46 pm

AWIN

BNAI

DKS

FFIE

HLTH

LUCY

RSLS

U.S. stocks traded lower with the Dow Jones falling over 300 points. Dick's Sporting Goods reported better-than-expected earnings and raised its outlook. ReShape Lifesciences, Brand Engagement Network, and Innovative Eyewear saw significant stock price increases, while Cue Health, AERWINS Technologies, and Faraday Future experienced sharp declines.

Portfolio Pulse from Avi Kapoor

May 29, 2024 | 1:45 pm

GLW

Corning (NYSE:GLW) has seen a 15.71% increase in its short percent of float, now at 1.62% of all regular shares available for trading. This indicates a rise in bearish sentiment, although it has less short interest compared to its peers. It would take traders 2.85 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

May 29, 2024 | 1:45 pm

SPG

Simon Property Group's (NYSE:SPG) short interest has fallen by 3.28%, with 4.42 million shares sold short, representing 2.36% of its float. This is lower than the peer group average of 5.18%. The decrease in short interest may indicate a more bullish sentiment among investors.

Portfolio Pulse from Benzinga Insights

May 29, 2024 | 1:45 pm

AAP

Advance Auto Parts Inc. (NYSE:AAP) shares are trading lower after reporting mixed first-quarter results for 2024. The company beat EPS estimates but missed on sales, and experienced a decline in gross profit and operating income. Despite reaffirming its 2024 EPS outlook, the stock is down 10.4%.

Portfolio Pulse from Nabaparna Bhattacharya

May 29, 2024 | 1:44 pm

AAPL

JD

REAL

RENT

RERE

ATRenew Inc. (NYSE:RERE) reported strong Q1 revenue growth and predicted similar gains for Q2, driven by China's national recycling campaign and strong ties with JD.com (NASDAQ:JD). Despite a 4.2% drop in stock price on the announcement day, ATRenew's stock has more than doubled since early February. The company benefits from JD.com's recycling initiatives and partnerships with Apple (NASDAQ:AAPL).

Portfolio Pulse from The Bamboo Works

May 29, 2024 | 1:42 pm