Streetbeat News

Stock Prices

LLY

Over the past 15 years, Eli Lilly and Co (NYSE:LLY) has produced an average annual return of 23.13%, outperforming the market by 10.71% on an annualized basis. With a current market capitalization of $711.81 billion, a $1000 investment in LLY 15 years ago would be worth $22,769.62 today. This showcases the significant impact of compounded returns on cash growth over time.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 2:30 pm

GPC

Genuine Parts Company (NYSE:GPC) shares rose after reporting Q1 earnings with an EPS of $2.22, surpassing the consensus of $2.16, despite revenue of $5.784 billion missing estimates of $5.844 billion. Sales increased by 0.3% YoY, driven by acquisitions but offset by a decrease in comparable sales and foreign currency impacts. Automotive sales grew by 1.9%, while Industrial sales declined by 2.2%. The company raised its FY24 EPS outlook and reaffirmed revenue growth projections, leading to an 11.9% increase in share price to $161.17.

Portfolio Pulse from Nabaparna Bhattacharya

April 18, 2024 | 2:30 pm

SNA

Snap-on Inc (NYSE:SNA) reported Q1 2024 net sales of $1.182 billion, slightly missing consensus estimates and showing almost flat growth YoY. Despite a minor sales decline, gross and operating margins improved, and adjusted EPS exceeded expectations. The company's stock slid by 5.45% following the announcement, reflecting investor concerns over the sales miss and future growth prospects.

Portfolio Pulse from Akanksha Bakshi

April 18, 2024 | 2:21 pm

PINS

A significant option activity was observed for Pinterest (PINS) with a sweep of 34 contracts for May 3 $32.5 calls, purchased near the ask price at $2.732 each, against an open interest of 3 contracts. This activity occurred with Pinterest's stock trading at $33.135, ahead of its earnings announcement scheduled for April 30 after the market closes.

Portfolio Pulse from Charles Gross

April 18, 2024 | 2:18 pm

WFC

High-rolling investors are showing a bullish sentiment on Wells Fargo (NYSE:WFC) through significant options trading activity, as reported by Benzinga. The analysis of publicly available options data revealed 11 trades, with a majority being bullish. The focus is on a price band between $37.5 and $66.0. The trading volume and open interest in WFC options have been highlighted, with the largest trades being bullish calls. Wells Fargo, a major US bank, is currently trading up by 1.25% at $57.9. Market experts have issued ratings with a consensus target price of $65.0, indicating a positive outlook on the stock.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 2:16 pm

GS

A significant bearish sentiment has been observed in the options market for Goldman Sachs Gr (NYSE:GS), with a notable volume of options trades indicating a price target range between $350.0 and $420.0. Despite the bearish options sentiment, analysts have a generally positive outlook on GS, with target prices ranging up to $470. The stock's current performance shows a slight increase, with a neutral RSI indicator and an earnings announcement expected in 90 days.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 2:16 pm

MA

A significant number of investors have taken a bearish stance on Mastercard (NYSE:MA), as evidenced by unusual options trading activity. Benzinga's options scanner revealed 12 notable trades, with a sentiment split of 41% bullish and 58% bearish. The trades suggest an expected price window for Mastercard between $460.0 and $485.0. Currently, Mastercard's stock is slightly down at $460.01, with an anticipated earnings release in 13 days. Analysts have given Mastercard ratings with an average target price of $530.0.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 2:16 pm

BTCUSD

Renowned crypto analyst DonAlt expressed skepticism over Bitcoin's current support level at $60,000, hinting at a potential drop below this threshold. His concerns stem from the support level being tested multiple times, suggesting instability. Despite the upcoming Bitcoin halving, DonAlt's outlook remains cautious, influencing investor sentiment. Bitcoin's price has recently dipped below $60,000 before rebounding to $62,000, with trading volume increasing by 15.7%. Other analysts have also weighed in, with predictions of potential drops to $56,200 or $51,600 if support breaks.

Portfolio Pulse from Khyathi Dalal

April 18, 2024 | 2:12 pm

DHI

ITB

PKB

D.R. Horton, Inc. (NYSE:DHI) shares surged after reporting Q2 FY24 financial results that exceeded expectations, with sales growing 14% Y/Y to $9.1 billion and EPS at $3.52, surpassing the consensus. The company also raised its FY24 revenue and homes closed outlook, announced a quarterly dividend, and detailed its share repurchase activities. Investors can also gain exposure through IShares U.S. Home Construction ETF (BATS:ITB) and Invesco Building & Construction ETF (NYSE:PKB).

Portfolio Pulse from Lekha Gupta

April 18, 2024 | 2:07 pm

ELV

SMH

TSM

TSM's stock price fell following its earnings report, leading to a broader decline in semiconductor stocks as represented by the SMH ETF. Conversely, Elevance Health's positive performance provided a boost to healthcare stocks.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 2:06 pm