Streetbeat News

Stock Prices

DAX

EWN

FEZ

VGK

Europe ETFs, including DAX, EWN, FEZ, and VGK, are experiencing an uptick in trading due to market optimism following comments from Fed Chair Powell, who indicated that a rate hike in the next policy move is unlikely.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 7:35 pm

ADBE

Adobe (NASDAQ:ADBE) has significantly outperformed the market over the past 15 years, with an average annual return of 21.53%, turning a $100 investment into $1,811.40 today. Adobe's market capitalization stands at $213.83 billion.

Portfolio Pulse from Benzinga Insights

May 01, 2024 | 7:30 pm

DHI

D.R. Horton (NYSE:DHI) has significantly outperformed the market with an average annual return of 19.73% over the past 15 years, turning a $1000 investment into $13,517.15 today. The company's market capitalization stands at $48.03 billion.

Portfolio Pulse from Benzinga Insights

May 01, 2024 | 7:30 pm

LLY

Eli Lilly (LLY) is on track to reach a $1 trillion market cap, according to Cantor Fitzgerald analysts, following a strong earnings report with Q1 revenue of $8.77 billion, up 26% year-over-year. Despite a slight miss on revenue expectations, adjusted EPS was $2.58, beating the consensus. Price targets have been raised by Cantor, BofA, and Truist, citing impressive growth and the potential of its incretin franchise and Mounjaro/Zepbound.

Portfolio Pulse from Vandana Singh

May 01, 2024 | 7:26 pm

BTCUSD

Bitcoin is trading lower following the Federal Reserve's decision to leave interest rates unchanged.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 7:26 pm

ADBE

ASAN

BBAI

CRWD

MDB

MSFT

NET

PLTR

SNOW

SOUN

TWLO

Software stocks, including ADBE, ASAN, BBAI, CRWD, MDB, MSFT, NET, PLTR, SNOW, SOUN, TWLO, are trading higher after Fed Chair Powell indicated that a rate hike is unlikely in the next policy move, leading to a drop in yields.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 7:22 pm

BTCUSD

Jim Bianco of Bianco Research warns that retail 'degens' holding spot Bitcoin ETFs might start selling their positions as the average purchase price of these ETFs is between $57,000 and $58,000, close to the current BTC price. This could create significant selling pressure in the market, especially since these ETFs have acquired 8.5% of the Bitcoin supply moved in the last year. Bianco's analysis suggests a potential instability in the market due to the concentration of holdings among non-institutional investors.

Portfolio Pulse from Khyathi Dalal

May 01, 2024 | 7:18 pm

COST

Recent analysis of Costco Wholesale's (NASDAQ:COST) options trading reveals a bearish sentiment among financial giants, with 49 unusual trades observed. The analysis shows 36% bullish and 40% bearish tendencies among traders, with a notable volume in puts over calls. Costco's options have been targeting a price range of $400.0 to $760.0. The company's current market performance shows a slight increase in stock price to $728.8, with a consensus target price of $754.0 among market experts. Costco operates a successful membership-based retail model, dominating the warehouse club industry.

Portfolio Pulse from Benzinga Insights

May 01, 2024 | 7:17 pm

AMT

American Tower's stock (AMT) is trading higher following an upgrade to Strong Buy by Raymond James, with a new price target of $248. The stock's rise is also attributed to overall market strength after the FOMC decision.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 7:15 pm

ADP

DIVL

PCGG

Automatic Data Processing, Inc (NASDAQ:ADP) reported fiscal third-quarter 2024 revenues of $5.25 billion, surpassing analyst expectations of $5.23 billion, marking a 7% year-over-year increase. The company's adjusted EPS of $2.88 also beat the consensus of $2.79. Adjusted EBIT rose 12% to $1.5 billion, with a 140 bps increase in adjusted EBIT margin to 29.3%. Net earnings grew 14% Y/Y to $1.2 billion. ADP reiterated its FY24 revenue growth outlook of 6%-7% and adjusted diluted EPS growth of 10%-12%. ADP stock is up 3.75% to $250.95. Investors can also gain exposure through Madison ETFs Trust Madison Dividend Value ETF (NYSE:DIVL) and Litman Gregory Funds Trust Polen Capital Global Growth ETF (NYSE:PCGG).

Portfolio Pulse from Anusuya Lahiri

May 01, 2024 | 7:15 pm