Streetbeat News

Stock Prices

MPC

Marathon Petroleum Corp's Martinez, California biofuel plant is currently operating at 50% capacity due to ongoing repairs, as reported by Reuters.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 3:48 pm

TAP

A Molson Coors executive reported during a conference call that the year had a challenging start for the industry, largely due to adverse weather conditions across the country. The performance in April was described as 'pretty choppy', indicating ongoing difficulties.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 3:47 pm

STLA

TSLA

VWAGY

WKSP

Stellantis N.V. (NYSE:STLA) and Volkswagen AG (OTC:VWAGY) reported disappointing Q1 financials with lower sales and higher costs, following Tesla Inc's (NASDAQ:TSLA) revenue drop. Despite this, both companies maintain their full-year targets. Stellantis plans to launch 25 new models, including 18 EVs, while Volkswagen aims for a revenue rise of 5% and an operating margin of 7-7.5% by 2024. Worksport Ltd (NASDAQ:WKSP) is introducing a solar-powered truck bed cover, indicating innovation in the EV market.

Portfolio Pulse from Upwallstreet

April 30, 2024 | 3:45 pm

LW

Lamb Weston Holdings (NYSE:LW) has seen a decrease in short interest by 8.56%, now at 3.79 million shares or 2.99% of float, indicating a potential shift in market sentiment towards the stock. The current short interest is below the peer group average of 4.09%, suggesting a relatively more bullish outlook among investors compared to its peers.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 3:45 pm

ZIM

ZIM Integrated Shipping (NYSE:ZIM) has seen an 11.73% increase in its short percent of float since the last report, with 32.65 million shares sold short, representing 34.66% of its available trading shares. This high level of short interest, significantly above its peer group average of 2.41%, indicates a bearish market sentiment towards ZIM, although it doesn't necessarily predict a near-term price drop. The article suggests that high short interest can sometimes be bullish for a stock.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 3:45 pm

MANH

Manhattan Associates (NYSE:MANH) has seen an 8.41% increase in its short percent of float since the last report, with 1.17 million shares sold short, representing 2.45% of its available trading shares. It would take about 3.55 days for traders to cover these short positions. This rise in short interest indicates a more bearish market sentiment towards MANH, although it has less short interest compared to its peer group average of 6.54%. The increase in short interest can sometimes be bullish for a stock.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 3:45 pm

HRMY

Harmony Biosciences (NASDAQ:HRMY) announced the acquisition of Epygenix Therapeutics, expanding its CNS-focused pipeline with a rare epilepsy franchise. The deal includes up to $645 million in milestone payments. Harmony reported Q1 earnings with an EPS of $0.88, beating the consensus of $0.62, and sales of $154.6 million. The company reaffirmed its 2024 revenue guidance of $700 million to $720 million. HRMY shares rose 9.79% to $32.11.

Portfolio Pulse from Vandana Singh

April 30, 2024 | 3:44 pm

IPGP

IPG Photonics shares are trading lower following the announcement of disappointing Q1 sales results and the issuance of Q2 guidance that fell below analyst estimates.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 3:40 pm

QSR

Restaurant Brands shares surged following the announcement of their Q1 earnings, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 3:39 pm

AMT

JPRE

SRVR

American Tower Corp (NYSE: AMT) reported a 2.4% year-on-year increase in Q1 2024 revenue to $2.834 billion, surpassing estimates. AFFO per share rose 9.8% to $2.79, beating consensus. The company saw growth in property revenue, tenant billings, and organic tenant billings, alongside a 47.5% increase in free cash flow. With $2.5 billion in cash, and positive trends across various markets, American Tower raised its FY24 outlook. AMT shares fell 0.55% to $174.02. AMT is also accessible through SRVR and JPRE ETFs.

Portfolio Pulse from Anusuya Lahiri

April 30, 2024 | 3:38 pm