Streetbeat News

Stock Prices

WIT

Wipro Ltd (NYSE:WIT) reported a 2% decline in IT Services revenue for Q2, with gross revenue slightly below analyst expectations. Despite a 21.3% increase in net income, the stock slid due to the revenue miss. The company proposed a 1:1 stock bonus, subject to shareholder approval.

Portfolio Pulse from Anusuya Lahiri

October 17, 2024 | 12:57 pm

MBIN

NINGI Research has issued a report stating they are short on Merchants Bancorp (NASDAQ: MBIN). This indicates a bearish outlook on the company's stock, potentially impacting its short-term price negatively.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 12:56 pm

DBEU

SPEU

The European Central Bank (ECB) has lowered interest rates by 25 basis points, marking its first back-to-back cuts in 13 years. This decision is part of efforts to manage inflation, which is expected to rise before stabilizing at the 2% target next year. European markets reacted positively, with the Stoxx 600 index rising. Investors are monitoring ETFs like Xtrackers MSCI Europe Hedged Equity ETF (DBEU) and SPDR Portfolio Europe ETF (SPEU) for market reactions.

Portfolio Pulse from Erica Kollmann

October 17, 2024 | 12:55 pm

PEGY

The trading halt status was updated at 8:55:00 AM ET, indicating a resumption of quotations. This update is crucial for investors tracking the affected stocks.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 12:55 pm

BAH

DEA

OKE

TDG

On CNBC's 'Halftime Report Final Trades,' analysts discussed TransDigm, Easterly Government Properties, Booz Allen Hamilton, and ONEOK. TransDigm's price target was raised by JPMorgan, Easterly Government Properties was upgraded by Jefferies, Booz Allen Hamilton's price target was increased by Goldman Sachs, and ONEOK's price target was raised by RBC Capital.

Portfolio Pulse from Avi Kapoor

October 17, 2024 | 12:54 pm

CPRI

FTNT

SEDG

SR

UBER

Top Wall Street analysts have downgraded several major stocks, including Uber, Fortinet, SolarEdge, Spire, and Capri Holdings. These downgrades reflect a shift in analyst sentiment and could impact stock prices in the short term.

Portfolio Pulse from Avi Kapoor

October 17, 2024 | 12:54 pm

INFY

Infosys shares are trading lower following the company's Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 12:50 pm

SONN

Sonnet BioTherapeutics has regained compliance with Nasdaq's bid price requirement, ensuring its continued listing on the Nasdaq Capital Market.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 12:49 pm

VRT

Vertiv Holdings shares rose after Mizuho maintained an Outperform rating and increased its price target from $92 to $110.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 12:48 pm

IAK

KBWP

TRV

The Travelers Companies (NYSE:TRV) reported a strong Q3 with a 12% revenue growth to $11.904 billion, surpassing expectations. Core income per share rose 169% to $5.24, driven by underwriting gains and investment income. The company declared a $1.05 dividend and returned $496 million to shareholders. TRV shares rose 4.96% premarket.

Portfolio Pulse from Lekha Gupta

October 17, 2024 | 12:45 pm