Streetbeat News

Stock Prices

NXT

Nextracker Inc. (NASDAQ:NXT) reported better-than-expected Q4 results, with earnings and sales surpassing market estimates. Despite strong performance, analysts from Wells Fargo and BMO Capital cut their price targets on the stock.

Portfolio Pulse from Avi Kapoor

May 15, 2024 | 5:33 pm

CVS

Deep-pocketed investors are showing significant interest in CVS Health's options market, with a notable split between bullish and bearish sentiments. The trading activity suggests a price target range of $40 to $80. Analysts have mixed ratings on CVS Health, with price targets ranging from $59 to $80.

Portfolio Pulse from Benzinga Insights

May 15, 2024 | 5:32 pm

AIT

Applied Industrial Techs (NYSE: AIT) has outperformed the market over the past 15 years with an average annual return of 16.46%, resulting in a $1000 investment growing to $9,851.24. The company currently has a market capitalization of $7.56 billion.

Portfolio Pulse from Benzinga Insights

May 15, 2024 | 5:30 pm

VST

Vistra (NYSE:VST) has significantly outperformed the market over the past 5 years, delivering an average annual return of 30.2%. A $100 investment in VST 5 years ago would be worth $384.44 today. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

May 15, 2024 | 5:30 pm

LCID

Lucid Group, Inc. (NASDAQ:LCID) shares are trading lower on Wednesday after previously gaining due to anticipation of new tariffs on Chinese electric vehicles. President Biden announced significant tariff increases on Chinese goods, including EVs. Lucid's stock has also been influenced by a recent 'meme stock' rally. Despite the dip, the stock is up over 5% in the past five days and 18% over the past month. Analysts have mixed ratings with an average 12-month price target of $3.55.

Portfolio Pulse from Erica Kollmann

May 15, 2024 | 5:24 pm

RIVN

Rivian shares are trading lower, likely pulling back after yesterday's gain.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 5:22 pm

BTCUSD

ETHUSD

SOLUSD

Crypto trader Cred suggests that a barbell portfolio of Bitcoin (BTC) and meme coins is currently the most profitable trading strategy, diverging from the traditional risk curve strategy. He notes unusual weakness in Ethereum (ETH) and its ecosystem, while meme coins on Solana (SOL) outperform. The market shows unevenly distributed returns, leading to diverse trader experiences and perspectives.

Portfolio Pulse from Khyathi Dalal

May 15, 2024 | 5:17 pm

BROS

Dutch Bros (NYSE:BROS) has seen a 12.05% increase in its short percent of float, now at 9.86% of all regular shares available for trading. This indicates a rise in bearish sentiment among investors. However, its short interest is still below the peer group average of 10.11%.

Portfolio Pulse from Benzinga Insights

May 15, 2024 | 5:15 pm

MAR

Marriott International (NYSE: MAR) has seen a 5.22% decrease in its short percent of float, now at 2.36% of all regular shares available for trading. This is lower than the peer group average of 7.00%. It would take traders 3.94 days to cover their short positions based on current trading volume.

Portfolio Pulse from Benzinga Insights

May 15, 2024 | 5:15 pm

BX

JLL

MS

Morgan Stanley (NYSE:MS) has acquired $700 million in property loans from the failed Signature Bank through a consortium involving Blackstone Inc. (NYSE:BX), Canada Pension Plan Investment Board, and Rialto Capital. The transaction is significant in the commercial-property finance sector. Jones Lang LaSalle Inc (NYSE:JLL) advised on the sale.

Portfolio Pulse from Shivani Kumaresan

May 15, 2024 | 5:15 pm