Streetbeat News

Stock Prices

MASI

Stifel analyst Rick Wise upgraded Masimo (NASDAQ:MASI) from Hold to Buy and increased the price target from $148 to $170, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 10:31 am

CTRN

MCFT

PSTL

Insiders at MasterCraft Boat Holdings, Citi Trends, and Postal Realty Trust have made significant stock purchases, indicating confidence in their companies. MasterCraft named a new CEO, Citi Trends reported disappointing Q4 results, and Postal Realty Trust posted strong quarterly sales.

Portfolio Pulse from Avi Kapoor

April 15, 2024 | 10:19 am

CSCO

B of A Securities analyst Tal Liani upgrades Cisco Systems (NASDAQ:CSCO) from Neutral to Buy and raises the price target from $55 to $60, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 10:10 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) shares are down in premarket trading, despite broader market optimism. The decline is attributed to rumors of potential large-scale layoffs, with reports suggesting up to 20% of the workforce could be affected. This news comes ahead of Tesla's quarterly results, which are anticipated to underperform following a first-quarter delivery miss. Additionally, Tesla recently halved the subscription price for its full self-driving software. In premarket trading, Tesla shares fell 0.61% to $171.05.

Portfolio Pulse from Shanthi Rexaline

April 15, 2024 | 10:10 am

TSLA

Tesla Inc. has reportedly signed a strategic agreement with Tata Electronics to source semiconductor chips for its global operations, highlighting Tesla's focus on the Indian market. This partnership is expected to position Tata Electronics as a key supplier in the semiconductor industry, boosting India's role in the global value chain. The deal, which was signed a few months ago, comes as Tesla plans to invest $2-3 billion in India for EV production, aiming to capitalize on the growing automotive market and recent policy changes favoring EV manufacturing.

Portfolio Pulse from Shomik Sen Bhattacharjee

April 15, 2024 | 9:47 am

AEYE

ALLR

MPW

PLL

PSNY

Medical Properties Trust, Inc. (MPW) shares surged 13.1% in pre-market trading after selling its majority interest in Utah Hospitals. Other stocks also showed significant movement in pre-market trading, with notable gainers including Allarity Therapeutics, Inc. (ALLR), Longeveron Inc. (LGVN), and Piedmont Lithium Inc. (PLL), among others. Conversely, several stocks experienced declines, such as AudioEye, Inc. (AEYE), NextPlat Corp (NXPL), and Polestar Automotive Holding Uk Plc (PSNY), driven by various company-specific news and analyst actions.

Portfolio Pulse from Avi Kapoor

April 15, 2024 | 9:45 am

LOGI

Morgan Stanley analyst Erik Woodring downgraded Logitech International (LOGI) from Equal-Weight to Underweight and reduced the price target from $85 to $75.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 9:32 am

AVDX

Goldman Sachs analyst Will Nance downgraded AvidXchange Holdings (AVDX) from Neutral to Sell and reduced the price target from $13 to $11.5.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 9:24 am

FFND

LCID

RIVN

TSLA

Rivian Automotive, Inc. (RIVN) and Lucid Group, Inc. (LCID) face market challenges similar to Tesla, Inc. (TSLA), with significant stock declines. Elon Musk commented on a 2021 optimistic prediction for Rivian that did not materialize, as its market cap fell below $9 billion from a forecasted $70 billion. Rivian's production struggles and the broader economic downturn have impacted its performance, despite initial high expectations and backing from Amazon. Meanwhile, Tesla's Future Fund (FFND) reduced its Tesla stake, reflecting concerns over near-term prospects, although it remains bullish on Tesla's long-term potential.

Portfolio Pulse from Shanthi Rexaline

April 15, 2024 | 9:10 am

BTCUSD

ETHUSD

Hong Kong's securities regulator has approved the city's first spot Bitcoin and Ethereum ETFs, marking a significant milestone in recognizing cryptocurrencies as mainstream investment tools in Asia. This development follows the U.S.'s introduction of similar ETFs, which attracted approximately $12 billion in net inflows. Crypto Analyst Lark Davis expressed enthusiasm for this advancement, highlighting its potential impact on the crypto market. Despite recent market downturns due to geopolitical tensions, the approval is seen as a positive step for the broader acceptance of cryptocurrencies.

Portfolio Pulse from Benzinga Neuro

April 15, 2024 | 8:58 am