Streetbeat News

Stock Prices

CAT

CMI

CNHI

PCAR

TEX

Industrial and machinery stocks are trading lower due to overall market weakness and in sympathy with PACCAR's decline after its Q1 earnings report. Companies like CAT, CMI, CNHI, DE, and TEX are affected.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 4:57 pm

BTCUSD

DOGEUSD

SHIBUSD

Cryptocurrency trader Kevin predicts the upcoming FOMC meeting could significantly impact the crypto market, with potential for sharp movements based on the Federal Reserve's stance on interest rates. Historical data shows Bitcoin, Dogecoin, and Shiba Inu reacted to the last FOMC meeting, and similar volatility is expected. Bank of America's economist anticipates no immediate rate changes, focusing on future policy actions.

Portfolio Pulse from Khyathi Dalal

April 30, 2024 | 4:53 pm

ADBE

Deep-pocketed investors have shown a bullish sentiment towards Adobe (NASDAQ:ADBE), with a significant uptick in options trading activity. Benzinga's options scanner revealed 23 extraordinary activities, with a bullish majority of 73% and a bearish minority of 21%. The trading range for Adobe's options is between $170.0 and $540.0. The largest trades include both bullish and bearish sentiments, with notable trades aiming for strike prices around $450.00. Adobe's current stock price is $469.83, with a slight decrease of -0.68%, and its next earnings report is expected in 44 days.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 4:45 pm

DKNG

Investors have shown a bearish stance on DraftKings (NASDAQ:DKNG), with unusual options activity indicating a split sentiment (47% bullish, 52% bearish). The activity targets a price range of $39.0 to $50.0. DraftKings, a leader in online sports and casino gambling, is currently trading at $42.19, down 1.38%, with a neutral RSI. Analysts have issued mixed ratings, with a consensus target price of $53.6. The next earnings report is due in 2 days, potentially influencing the stock's direction.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 4:45 pm

QCOM

Qualcomm Inc (NASDAQ:QCOM) is showing a strong bullish trend ahead of its Q2 earnings report, with analysts predicting a 15% upside. The stock has significantly benefited from the AI wave, showing a 45% increase this year and a 16.32% return in 2024 so far. Technical indicators suggest continued bullish momentum, despite a negative MACD. Analyst consensus rates QCOM as a Buy with a target price of $140.31, while recent ratings from Benchmark, Evercore ISI Group, and Susquehanna set an average price target of $194.

Portfolio Pulse from Surbhi Jain

April 30, 2024 | 4:45 pm

VNCE

Vince Holding's stock is trading lower following the announcement of a year-over-year decrease in Q4 sales results.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 4:42 pm

MIND

MIND Technology's shares are trading higher following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 4:38 pm

General Motors (GM) shares are trading lower due to a sector-wide downturn in the automotive industry, triggered by Stellantis reporting a decrease in Q1 revenue.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 4:38 pm

MAC

NXRT

RDFN

SBAC

VNQ

U.S. residential home prices surged in February 2024, marking the strongest one-month increase in two years, despite high mortgage costs. The Federal Housing Finance Agency reported a 1.2% month-over-month growth, with a 7% increase from the previous year. The S&P Global 20-city home price index also showed a 7.3% year-on-year increase. Real estate stocks reacted variably, with the Vanguard Real Estate ETF (VNQ) dropping slightly, while companies like NexPoint Residential Trust (NXRT) and Redfin Corporation (RDFN) saw gains. Conversely, SBA Communications Corporation (SBAC) and The Macerich Company (MAC) experienced losses.

Portfolio Pulse from Piero Cingari

April 30, 2024 | 4:36 pm

ADM

Archer-Daniels-Midland Company (ADM) reported Q1 earnings with EPS of $1.46, surpassing analyst expectations of $1.36, but missed revenue forecasts with $21.85 billion against an expected $22.27 billion. The company experienced a 24% decrease in adjusted segment operating profit and declines in AS&O and Nutrition segment profits. Despite these challenges, ADM is focusing on strategic initiatives like the Green Bison JV, regenerative agriculture, and BioSolutions to improve future performance. The company anticipates FY24 EPS to be between $5.25 and $6.25, compared to analyst estimates of $5.57. ADM's shares dropped by 2.97% to $58.89.

Portfolio Pulse from Nabaparna Bhattacharya

April 30, 2024 | 4:36 pm