Streetbeat News

Stock Prices

PRI

Primerica (NYSE:PRI) has delivered an average annual return of 16.34% over the past 10 years, outperforming the market by 5.95%. A $1000 investment in PRI a decade ago would now be worth $4,586.59, showcasing the impact of compounded returns on investment growth. Primerica's current market capitalization stands at $7.39 billion.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 2:30 pm

AIT

Applied Industrial Techs (NYSE:AIT) has delivered an average annual return of 14.39% over the past 10 years, outperforming the market. A $100 investment in AIT a decade ago would be worth $385.77 today. The company's market capitalization stands at $7.32 billion.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 2:30 pm

SXTC

China SXT Pharmaceuticals (SXTC) shares resumed trading after a circuit breaker halt, with the stock now experiencing a significant increase of 147%.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 2:27 pm

SMCI

Super Micro Computer's stock (SMCI) is trading higher following Loop Capital's decision to maintain a Buy rating and increase the price target from $600 to $1,500.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 2:24 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo for April 16th, 2024, provides trading strategies for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, based on a proprietary formula considering price, volume, and options flow. It outlines specific price levels for each asset, suggesting potential breakouts or reversals. The memo also notes that today's key data releases and the ongoing conflict in the Middle East are expected to have minimal market impact, advising traders to stay vigilant.

Portfolio Pulse from RIPS

April 16, 2024 | 2:23 pm

IAI

KBWB

Morgan Stanley (NYSE:MS) shares surged after reporting Q1 FY24 financial results that exceeded expectations, with revenues of $15.1 billion against a consensus of $14.34 billion. The Wealth Management division saw revenue of $6.9 billion, Investment Banking generated $1.45 billion, and Investment Management reported $1.4 billion in net revenues. Net profit was $3.4 billion, up from $3.0 billion a year ago, with an EPS of $2.02, surpassing the consensus of $1.68. The company also declared a quarterly dividend of $0.85 per share and repurchased $1.0 billion of its stock. Exposure to MS stock can also be gained through IShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSE:IAI) and Invesco KBW Bank ETF (NASDAQ:KBWB).

Portfolio Pulse from Lekha Gupta

April 16, 2024 | 2:21 pm

GBTC

IBIT

Spot Bitcoin ETFs experienced a net outflow of $36.67 million, with Grayscale Bitcoin Trust (GBTC) seeing $110 million withdrawn and BlackRock's iShares Bitcoin Trust (IBIT) gaining a net inflow of $73.40 million. This reflects mixed investor sentiment in the crypto market, amidst fluctuating Bitcoin prices and bearish Ethereum options markets. The market's uncertainty is leading to the adoption of sophisticated trading strategies like Sharkfins.

Portfolio Pulse from Murtuza Merchant

April 16, 2024 | 2:16 pm

CGEM

ERIC

ITCI

MCBC

UNH

WFTC

UnitedHealth Group Incorporated (NYSE:UNH) reported better-than-expected first-quarter earnings, with adjusted EPS of $6.91 and revenues of $99.8 billion, causing its shares to surge 6.2%. Other stocks also moved significantly, including Macatawa Bank Corporation (NASDAQ:MCBC) which jumped 38.8% after announcing a merger with Wintrust Financial Corporation (NASDAQ:WFTC), and several others like Intra-Cellular Therapies, Inc. (NASDAQ:ITCI), Cullinan Oncology, Inc. (NASDAQ:CGEM), and Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) reporting positive developments.

Portfolio Pulse from Avi Kapoor

April 16, 2024 | 2:15 pm

BTTR

Better Choice Company (BTTR) shares have resumed trading after a temporary halt due to a circuit breaker trigger. This event typically occurs in response to significant price movements, aiming to ensure market stability.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 2:11 pm

CMI

Cummins (NYSE:CMI) was analyzed by 8 financial analysts, showing a mix of ratings from bullish to bearish. The average 12-month price target for CMI is now $275.5, up from $251.86, with a high estimate of $321.00 and a low of $225.00. Analysts from firms including Goldman Sachs, JP Morgan, UBS, Truist Securities, Evercore ISI Group, Citigroup, and B of A Securities have updated their ratings and price targets, reflecting a range of views on the company's performance and market position. Cummins, a leading manufacturer of diesel engines and powertrain components, has shown strong revenue growth and market capitalization but faces challenges in net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 2:01 pm