Streetbeat News

Stock Prices

MSFT

BMO Capital Markets analyst Keith Bachman reiterated an Outperform rating on Microsoft Corporation (NASDAQ:MSFT), raising the price target to $465 from $455, citing durable growth in gaming and potential in AI. Despite gaming's inherent volatility, Microsoft's position in the market, especially with Activision Blizzard's titles, supports above-market growth rates in gaming revenues. However, the FY25 Gaming revenue growth estimate was lowered to 10% from 13%, while the FY25 Windows revenue growth estimate was raised to 7%. MSFT shares dropped 1.59% to $420.98.

Portfolio Pulse from Nabaparna Bhattacharya

April 12, 2024 | 5:51 pm

BLK

BlackRock Inc (NYSE:BLK) lost its appeal in a UK tax dispute related to its acquisition of Barclays Global Investors in 2009. The Court of Appeal upheld the decision to disallow tax deductions on interest from loans used in the acquisition, under the 'unallowable purpose rule'. Despite the setback, BlackRock, which has grown significantly since the acquisition, emphasized that all UK taxes, including those related to this matter, have been paid. The company is considering its next steps following the ruling.

Portfolio Pulse from Vandana Singh

April 12, 2024 | 5:50 pm

LUNR

SPCE

Blue Origin, founded by Jeff Bezos, announced its 7th crewed flight, NS-25, with a six-person crew, marking a return to human spaceflight after setbacks. The crew includes notable figures such as Ed Dwight and entrepreneurs from various fields. This follows a period of inactivity due to issues in an uncrewed flight in September 2022. The announcement comes amid increased interest in space travel, with recent achievements by Intuitive Machines and plans by Virgin Galactic to focus on profitability.

Portfolio Pulse from Chris Katje

April 12, 2024 | 5:47 pm

SEDG

SolarEdge shares are trading lower, possibly due to concerns over Iran-Israel tensions.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 5:46 pm

CRM

FEPI

MRAD

RBC Capital analyst Rishi Jaluria reiterated Salesforce Inc (CRM) with an Outperform rating and raised the price target from $325 to $350, citing enthusiasm for generative AI, significant growth in Data Cloud ARR, and impressive margin expansion. Salesforce's strategic focus on AI and Data Cloud is expected to drive long-term growth and margin gains, despite no immediate revenue from GenAI. The company's stock has seen a 55% increase over the last 12 months, and exposure to CRM can also be gained through FEPI and MRAD ETFs.

Portfolio Pulse from Anusuya Lahiri

April 12, 2024 | 5:42 pm

ADBE

ADSK

CRWD

HUBS

NET

SHOP

Software stocks, including ADBE, ADSK, CRWD, HUBS, NET, and SHOP, are trading lower due to broader tech sector weakness, potentially linked to concerns over rate cuts following mixed inflation data.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 5:40 pm

AIG

AMRK

AXP

COIN

CRBG

JPM

SOFI

Today's session highlighted significant options activity for financial stocks, with notable trades on C, CRBG, BX, JPM, COIN, SOFI, AIG, SQ, AXP, and AMRK. The activity ranged from bearish to bullish sentiments, involving both call and put options with varying expiration dates and strike prices. This unusual options activity could indicate potential market movements or strategies by large investors ('whales') and may influence the short-term performance of these stocks.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 5:35 pm

AMZN

CVNA

CZR

DNUT

LULU

MGM

PLAY

VFC

Today's session revealed significant whale activity in the consumer discretionary sector, with notable options trading on stocks like VFC, CVNA, PLAY, DNUT, CZR, AMZN, SN, MGM, LULU, and JD. The trades predominantly showed a bearish sentiment, except for LULU which was bullish. This activity could indicate large investors' expectations on these stocks' future movements.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 5:35 pm

AMD

CLSK

ENPH

MARA

MSFT

NVDA

SEDG

SNOW

Today's session highlighted significant options activity in the Information Technology sector, with notable movements in stocks like NVDA, SEDG, MARA, SNOW, ENPH, CLSK, MSFT, ZS, AMD, and AI. The activity ranged from neutral to bearish puts and bullish to bearish calls, indicating varied investor sentiment across these stocks. The transactions involved substantial trade prices and volumes, suggesting potential shifts in market dynamics for these companies.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 5:35 pm

LYV

SEAT

SPY

StubHub is reportedly targeting a valuation exceeding $16.5 billion in a potential IPO slated for the summer. This move is seen as a significant test of the market's appetite for new stock listings.

Portfolio Pulse from Charles Gross

April 12, 2024 | 5:32 pm