Streetbeat News

Stock Prices

FULC

Goldman Sachs analyst Corinne Jenkins upgraded Fulcrum Therapeutics (FULC) from Neutral to Buy and increased the price target from $6 to $15.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 12:40 pm

DIA

QQQ

SPY

Major stock indexes experienced a decline due to hotter-than-expected economic data, suggesting potential inflation concerns that could influence future monetary policy decisions. This situation has led to increased market volatility and investor caution.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 12:38 pm

BUG

GOOGL

MSFT

SPRX

Zscaler, Inc. announced significant enhancements to its AI Data Protection Platform, including real-time Email Data Loss Prevention for Microsoft 365 and Google Gmail. The updates aim to secure sensitive data across corporate email and include Data Security Posture Management and GenAI App Security. Zscaler's platform analyzes over 500 trillion data points daily, offering a consolidated approach to data protection. The stock has gained over 44% in the past year, with exposure through Spear Alpha ETF and Global X Cybersecurity ETF.

Portfolio Pulse from Nabaparna Bhattacharya

May 14, 2024 | 12:37 pm

BABA

ONLN

PGJ

Alibaba Group Holding Limited (NYSE:BABA) reported fiscal Q4 2023 results with a 7% revenue growth to $30.73 billion, surpassing estimates but saw a significant 86% drop in net income to $453 million due to investment losses. Adjusted earnings per ADS missed estimates by $0.01. The company announced a $4.0 billion dividend for FY 2024 and repurchased 65 million ADS worth $4.8 billion. Alibaba is preparing for a primary listing in Hong Kong by the end of August 2024. BABA stock dipped over 4% in premarket trading. Investors can also gain exposure through the Invesco Golden Dragon China ETF (NASDAQ:PGJ) and the ProShares Online Retail ETF (NYSE:ONLN).

Portfolio Pulse from Anusuya Lahiri

May 14, 2024 | 12:35 pm

SPY

The S&P 500 index experienced a decline following the release of April's Producer Price Index (PPI) data, which came in hotter than anticipated. This suggests inflationary pressures that could influence the Federal Reserve's monetary policy decisions.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 12:33 pm

DRCT

ICLK

IHRT

INTJ

TRIP

The article highlights the top 5 tech and telecom stocks considered oversold in the communication services sector, presenting a potential buying opportunity. These include iClick Interactive Asia Group Limited (ICLK), iHeartMedia, Inc. (IHRT), Direct Digital Holdings, Inc. (DRCT), Intelligent Group Limited (INTJ), and Tripadvisor, Inc. (TRIP), each with an RSI near or below 30, indicating they may be undervalued.

Portfolio Pulse from Avi Kapoor

May 14, 2024 | 12:31 pm

SPY

The Producer Price Index (PPI) for April showed a year-over-year increase of 2.2%, aligning exactly with the market expectations.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 12:31 pm

BTM

Bitcoin Depot reported Q1 sales of $138.539M, surpassing the analyst consensus estimate of $136.377M by 1.59%.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 12:31 pm

ERIC

IBM

MEI

Wall Street's top analysts recommend holding three tech stocks with high-dividend yields: Methode Electronics, Inc. (MEI), Telefonaktiebolaget LM Ericsson (ERIC), and International Business Machines Corporation (IBM). These stocks are highlighted for their strong dividend yields amidst market uncertainty, with recent corporate developments and analyst ratings adjustments influencing their outlook.

Portfolio Pulse from Avi Kapoor

May 14, 2024 | 12:30 pm

SPY

The Core Producer Price Index (PPI) for the month increased by 0.5%, surpassing the estimated 0.2%. This indicates higher than expected inflationary pressures at the production level, which could influence future consumer prices and monetary policy decisions.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 12:30 pm