Streetbeat News

Stock Prices

SNOW

Recent unusual options activity in Snowflake (NYSE:SNOW) indicates a split sentiment among big-money traders, with 50% bullish and 50% bearish. A total of 8 options trades were spotted, including 1 put and 7 calls, targeting a price range from $130.0 to $340.0. The largest trades include bullish calls with strike prices at $130 and $340, and a bearish put at $155. Snowflake, a data warehousing company, has seen its stock price drop by -3.1% to $158.6, with an RSI indicating it may be approaching overbought. Analysts have a mixed outlook, with an average target price of $185 and a recent downgrade by Keybanc to Overweight.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 2:16 pm

NOW

ServiceNow (NYSE:NOW) has seen significant options activity, indicating bullish sentiment among financial giants. Analysis of 22 unusual trades shows a mix of bullish (50%) and bearish (40%) positions, with a notable volume in calls over puts. The targeted price range for NOW is between $600.0 and $750.0. The largest trades include both bearish and neutral calls, and a bullish put, with strike prices ranging from $600 to $720. ServiceNow's current stock price is $707.46, down 2.63%, with analysts maintaining a positive outlook, proposing an average target price of $882.0.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 2:15 pm

MYSZ

My Size, Inc. has regained compliance with Nasdaq's listing requirements, ensuring its continued listing on the exchange. This development is crucial for maintaining investor confidence and access to capital markets.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 2:10 pm

TPX

Tempur Sealy International Inc (NYSE:TPX) reported a 1.5% decline in Q1 FY24 sales to $1.189 billion, missing analyst estimates. Despite a decrease in sales, the company saw an expansion in gross margin to 43.1% and a 2.5% increase in gross profit. Adjusted EPS was $0.50, beating estimates. A quarterly dividend of $0.13 per share was declared. The company maintains its FY24 adjusted EPS outlook of $2.60 - $2.90. TPX shares rose 6.8% to $53.54.

Portfolio Pulse from Shivani Kumaresan

May 07, 2024 | 2:08 pm

TSLA

Tesla Inc. Chairwoman Robyn Denholm has sold over $50 million in Tesla stock in 2024, as revealed by SEC filings. The sales were part of a pre-arranged 10b5-1 program established in October. This comes amid Tesla's challenges, including falling shares, increased competition, and weakened demand for its EVs. Additionally, Tesla faces internal changes and legal challenges regarding executive compensation, with efforts to reapprove CEO Elon Musk's previously overturned $47 billion pay package.

Portfolio Pulse from Pooja Rajkumari

May 07, 2024 | 2:03 pm

FCX

Over the past 5 years, Freeport-McMoRan (NYSE:FCX) has outperformed the market with an annualized return of 23.81%, resulting in an average annual return of 36.81%. A $1000 investment in FCX 5 years ago would be worth $4,515.39 today. The company's market capitalization currently stands at $73.93 billion.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 2:02 pm

AMT

Over the past 20 years, American Tower (NYSE:AMT) has produced an average annual return of 14.04%, turning a $1000 investment into $13,575.09 today. With a current market capitalization of $83.90 billion, AMT's performance highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 2:02 pm

LXU

LSB Industries (NYSE:LXU) has received mixed analyst ratings over the past three months, with a recent shift towards a more bearish outlook. The average 12-month price target has been adjusted to $8.69, marking a 14.13% decline from the previous target. Analysts from Piper Sandler, RBC Capital, and UBS have updated their ratings and price targets, reflecting changes in market conditions and company performance. LSB Industries, a manufacturer of chemical products, faces revenue challenges with a -23.63% decline over 3 months but maintains strong financial metrics like net margin and ROE.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 2:00 pm

ANET

Arista Networks, Inc. (ANET) is set to release its Q1 earnings after the market closes on May 7, with expectations of earnings per share at $1.75, up from $1.43 the previous year, and revenue projected at $1.55 billion, up from $1.31 billion. Following a year-over-year revenue increase of 20.8% in Q4, shares rose 1.6% to $278.82. Analysts from Jefferies, JP Morgan, Goldman Sachs, Barclays, and Wells Fargo have recently upgraded their price targets for ANET, indicating a positive outlook.

Portfolio Pulse from Avi Kapoor

May 07, 2024 | 1:52 pm

AGRI

DIS

GP

GSUN

MTC

NUVO

NUWE

U.S. stocks traded higher with the Dow Jones gaining over 50 points. Walt Disney Co reported better-than-expected Q2 earnings with a slight revenue miss. Nuwellis, MMTec, and Golden Sun Health Technology shares surged, while AgriFORCE, GreenPower Motor, and Holdco Nuvo Group shares fell. European and Asian markets showed mixed results, with notable economic updates from the Eurozone and Asia Pacific regions.

Portfolio Pulse from Avi Kapoor

May 07, 2024 | 1:51 pm