Streetbeat News

Stock Prices

SSNLF

TSM

DigiTimes reports that prices for High Bandwidth Memory (HBM) are expected to decline in the second half of 2024 due to increased market competition among key players such as Samsung (SSNLF), SK Hynix, and TSMC (TSM).

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:33 pm

RBBN

Ribbon Communications' shares surged following the announcement of their Q1 financial results and the issuance of future guidance.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:32 pm

BG

FXG

MOO

Bunge Limited (NYSE:BG) shares fell over 5% after Q1 results were announced, with earnings per share of $3.04 beating expectations but revenue of $13.417 billion missing forecasts. The company maintained its full-year 2024 EPS outlook at approximately $9.00, below the $9.39 estimate. Bunge's agribusiness saw mixed results, and it continued to invest in growth projects and the integration with Viterra. Investors can also gain exposure to BG through First Trust Cons. Staples AlphaDEX (NYSE:FXG) and VanEck Agribusiness ETF (NYSE:MOO).

Portfolio Pulse from Nabaparna Bhattacharya

April 24, 2024 | 1:32 pm

PLCE

Children's Place shares are trading higher following an upgrade from B. Riley Securities, which changed its rating on the stock from Sell to Neutral.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:28 pm

SE

Loop Capital analyst Rob Sanderson upgrades Sea (NYSE:SE) from Hold to Buy and raises the price target from $59 to $92.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:25 pm

STLD

Steel Dynamics' stock is trading higher after the company reported a first-quarter earnings per share (EPS) that exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:22 pm

MRNA

Moderna's stock price increased following the announcement of a collaboration with OpenAI to advance mRNA medicine. This partnership aims to leverage OpenAI's capabilities to enhance Moderna's research in mRNA technology, potentially leading to significant advancements in medicine.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:22 pm

BA

SPR

Boeing Co reported a decline in Q1 fiscal 2024 revenue by 8% year-over-year to $16.569 billion, surpassing consensus estimates. The decrease was attributed to lower commercial deliveries and considerations for the grounding of the 737-9. Adjusted loss per share improved to $(1.13) from $(1.27) year-over-year, beating consensus estimates of $(1.76). The company emphasized a commitment to enhancing quality and safety, with a reduction in 737 production to improve quality management. Defense, Space & Security and Global Services segments saw revenue increases. Boeing also made a $425 million advance payment to Spirit Aerosystems Holdings, Inc. (SPR) amid FAA restrictions. Boeing's shares rose 4.01% in premarket trading.

Portfolio Pulse from Akanksha Bakshi

April 24, 2024 | 1:22 pm

ODFL

Old Dominion Freight Line's stock trades lower due to a Q1 revenue miss.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:20 pm

TSLA

Huawei, a Chinese tech giant and competitor to Apple Inc, has launched a new software brand for intelligent driving named 'Qiankun.' This software aims to revolutionize the electric vehicle (EV) industry by providing self-driving systems. Huawei's Intelligent Automotive Solution (IAS) business unit CEO, Jin Yuzhi, announced the software ahead of the Beijing auto show, with plans for mass commercialization by 2024. Huawei also plans to install 100,000 EV charging stations in China by 2024, directly competing with Tesla. Despite potential U.S. sanctions on Chinese semiconductor firms associated with Huawei, the company has begun mass deliveries of the Luxeed S7 electric sedan in collaboration with Chery Auto. Tesla, on the other hand, is preparing to launch its Full Self-Driving feature in China and has recently reduced the price of its FSD package.

Portfolio Pulse from Benzinga Neuro

April 24, 2024 | 1:19 pm