Streetbeat News

Stock Prices

BA

UAL

United Airlines Holdings Inc (UAL) will receive compensation from Boeing Co (BA) for Q1 financial losses due to the grounding of 737 MAX 9 aircraft. The compensation includes credit memos for future purchases, which will be accounted as a reduction to the cost basis of the aircraft. United's Q1 earnings were impacted by approximately $200 million from the grounding, but 78 of 79 aircraft have since returned to service. Boeing's reputation has been damaged by the incident, affecting its management and production.

Portfolio Pulse from Shivani Kumaresan

April 18, 2024 | 1:48 pm

PYPL

Recent options trading activity for PayPal Holdings (NASDAQ:PYPL) indicates a bearish sentiment among big-money investors, with a notable split in sentiment (37% bullish, 62% bearish). Benzinga's options scanner revealed 8 unusual trades, with a focus on a price range between $60.0 and $82.5 for PYPL. The analysis of volume and open interest in PYPL's options suggests significant market attention. Additionally, expert opinions on PYPL's stock are mixed, with target prices ranging from $60 to $74. The company, known for its electronic payment solutions, had 426 million active accounts by the end of 2023.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 1:46 pm

BPTH

Trading of Bio-Path Holdings shares has resumed, indicating a return to normal trading activities for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 1:43 pm

SPY

Fed's Williams stated that the economy is back on its pre-pandemic growth track and is closely monitoring the performance of China's economy, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 1:42 pm

SPY

Fed's Williams emphasized the importance of low inflation for prosperity, expressing no concerns about the Federal Reserve's institutional integrity. This statement could influence market perceptions and investor confidence, potentially impacting sectors sensitive to interest rate changes and inflation expectations.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 1:40 pm

BNTC

Shares of Benitec Biopharma were halted due to a circuit breaker after surging 29% to the upside, indicating a significant increase in stock price.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 1:39 pm

LVS

Las Vegas Sands Corp. (NYSE:LVS) reported Q1 financial results surpassing analyst expectations with adjusted earnings of 75 cents per share and quarterly sales of $2.96 billion, marking significant year-over-year growth. Despite positive results, shares fell 7.2% following the announcement. Analysts from JP Morgan, Wells Fargo, and Mizuho adjusted their price targets downwards while maintaining positive ratings.

Portfolio Pulse from Priya Nigam

April 18, 2024 | 1:38 pm

AGBA

Shares of AGBA were halted due to a circuit breaker triggered by a rapid increase, with the stock now up 280%.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 1:33 pm

TSLA

Goldman Sachs has praised Tesla Inc. (NASDAQ:TSLA) for its leadership in autonomy and ADAS, projecting significant long-term growth from software and digital services, including robotaxi services. Despite the optimism, Goldman Sachs maintains a Neutral rating on Tesla due to full valuation and weaker near-term fundamentals, with a price target of $175. The firm highlights the potential of Tesla's Full Self Driving (FSD) and robotaxi services but notes the challenges in achieving higher levels of autonomy and regulatory hurdles. The rideshare market is expected to grow substantially, offering revenue opportunities for Tesla's robotaxi fleet.

Portfolio Pulse from Piero Cingari

April 18, 2024 | 1:31 pm

T

AT&T's (NYSE:T) short interest has increased by 18.55%, with 105.15 million shares sold short, representing 1.47% of its float. It would take about 3.31 days to cover all short positions. This rise in short interest can indicate a bearish market sentiment towards AT&T, although it has less short interest compared to its peers, with an average of 3.85% in the peer group.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 1:30 pm