Streetbeat News

Stock Prices

RKLB

ROKT

UFO

Rocket Lab USA, Inc. (NASDAQ:RKLB) shares are trading higher in the premarket session following the successful shipment of two Mars-bound spacecraft. The company has seen a 19% gain over the past six months and recently reported record second-quarter revenue. Citigroup analyst Jason Gursky has maintained a Buy rating and raised the price target to $7. Investors can also gain exposure through Procure Space ETF (NASDAQ:UFO) and SPDR S&P Kensho Final Frontiers ETF (NYSE:ROKT).

Portfolio Pulse from Nabaparna Bhattacharya

August 16, 2024 | 12:48 pm

RILY

B. Riley Financial shares are trading higher after Bryant R. Riley proposed to acquire all shares of common stock he does not own for $7 per share.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 12:45 pm

HBM

Hudbay Minerals shares are trading higher after Jefferies upgraded the stock from Hold to Buy.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 12:44 pm

FTNT

GDDY

MSI

Three tech stocks, Motorola Solutions Inc (MSI), Fortinet Inc (FTNT), and GoDaddy Inc (GDDY), are considered overbought based on their RSI values, indicating potential short-term price declines. Despite recent strong earnings and stock gains, their high RSI values suggest caution for momentum traders.

Portfolio Pulse from Avi Kapoor

August 16, 2024 | 12:43 pm

CSCO

ILMN

MCHP

NKE

TER

Top Wall Street analysts have upgraded their ratings for several major companies, including Cisco Systems, Nike, Teradyne, Microchip Technology, and Illumina. These upgrades have led to significant gains in the stock prices of these companies.

Portfolio Pulse from Avi Kapoor

August 16, 2024 | 12:42 pm

ALK

BA

Alaska Air Group Inc. (NYSE:ALK) has formed a Death Cross, a bearish technical indicator, signaling potential continued downward momentum. The stock is down 7.93% year-to-date and 20.83% over the past year. Compounding the technical issues are news-driven headwinds, including an investment in JetZero and regulatory scrutiny over a proposed merger with Hawaiian Airlines. Additionally, the NTSB has criticized Boeing (NYSE:BA), Alaska's aircraft supplier, for safety lapses, adding to investor concerns.

Portfolio Pulse from Surbhi Jain

August 16, 2024 | 12:41 pm

MSGE

Madison Square Garden Entertainment Corp (NYSE:MSGE) reported a 26% year-on-year revenue increase to $186.1 million for its fiscal fourth quarter, beating analyst estimates. Despite an adjusted EPS loss of $(0.53), the company saw significant growth in event-related and merchandise revenues. MSGE stock gained 9.60% premarket following the announcement.

Portfolio Pulse from Anusuya Lahiri

August 16, 2024 | 12:38 pm

FOXA

Fox shares are trading higher after Wells Fargo upgraded the stock from Underweight to Overweight and raised its price target from $29 to $46.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 12:35 pm

SHOT

Safety Shot (NASDAQ:SHOT) reported a significant decline in its Q2 financial performance, with EPS dropping to $(0.16) from $(0.01) YoY and sales falling to $710.24K from $2.37M YoY.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 12:31 pm

RKLB

Rocket Lab has announced that it has packed and shipped two Mars-bound spacecraft to Cape Canaveral, FL, in preparation for their upcoming launch.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 12:31 pm