Streetbeat News

Stock Prices

SAVE

Citigroup analyst Stephen Trent has maintained a Sell rating on Spirit Airlines (NYSE:SAVE) and lowered the price target from $4 to $3.85, indicating a bearish outlook on the stock.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 3:28 pm

PLD

SLG

XLRE

Real estate stocks fell as mortgage rates rose to a 4-month high, with the Real Estate Select Sector SPDR Fund (XLRE) dropping 0.3%, indicating negative investor sentiment. Mortgage rates reached 7.13%, the highest since early December, amid strong economic data and persistent inflation. Housing starts declined by 14.7% month-over-month in March, with both single-family and multifamily sectors experiencing downturns. Real estate stocks like Prologis, Inc. (PLD) and SL Green Realty Corp. (SLG) saw significant movements.

Portfolio Pulse from Piero Cingari

April 17, 2024 | 3:23 pm

INTZ

Intrusion Inc. (NASDAQ:INTZ) announced a partnership with iOne Resources to supply Secure Electronic Transmission Services for the 2025 Philippines midterm elections, marking a significant financial commitment with a bid of around $25 million. The services are expected to be operational by November 2024, contributing to earnings in the latter half of the year. However, INTZ shares dropped 16.88% to $1.91.

Portfolio Pulse from Akanksha Bakshi

April 17, 2024 | 3:22 pm

SPEC

Spectaire Holdings Inc (NASDAQ:SPEC) shares surged 15% to $0.92 after announcing a global distribution partnership with a Fortune 1000 Energy Company for its AireCore units, aimed at reducing emissions in the oil and gas industry.

Portfolio Pulse from Henry Khederian

April 17, 2024 | 3:21 pm

CXAI

CXApp Inc. (NASDAQ:CXAI) reported record double digit Annual Recurring Revenue (ARR) growth for Q4 2023 and a 24% ARR growth for the full year. The company is rebranding to CXAI, emphasizing an AI-centric approach. The growth is attributed to two large Fortune 1000 contracts and a partnership with Google Cloud. Subscription-based revenue constituted 81% of total revenue, with a gross margin of 80%. CXAI shares surged 21.5% to $4.75.

Portfolio Pulse from Erica Kollmann

April 17, 2024 | 3:19 pm

AMAT

ASML

SPY

The article discusses the impact of Federal Reserve Chair Powell's recent statements on interest rates and inflation, highlighting a temporary dip in the stock market followed by aggressive buying. It also covers the increased demand for advanced semiconductors driven by AI, mentioning ASML Holding NV and Applied Materials, Inc. as key players in the semiconductor equipment market. Additionally, it notes positive early trade money flows in major tech stocks and mixed flows in SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1, with a focus on the importance of protection bands for investors.

Portfolio Pulse from The Arora Report

April 17, 2024 | 3:19 pm

SCHW

Recent options trading trends for Charles Schwab (NYSE:SCHW) show a balanced sentiment among traders, with an equal split between bullish and bearish positions. Analysis of 8 unusual trades reveals a price target range of $60.0 to $125.0 over the next three months. The largest trades include both bullish and bearish positions with varying strike prices and expiration dates. Charles Schwab, a major player in brokerage and wealth management, has over $8 trillion in client assets. The stock is currently down by -0.34%, with a price of $72.82. Analyst ratings vary, with a consensus target price of $77.0, ranging from $70 to $85.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 3:16 pm

BKNG

Whale investors have shown a bullish stance on Booking Holdings (NASDAQ:BKNG), with unusual options trading activity indicating a split sentiment of 61% bullish and 38% bearish. Significant trades have been detected, aiming for a price range of $2000 to $4300. The current market status of BKNG shows a slight price decrease with a neutral RSI, and an earnings announcement is expected in 15 days. An analyst from B. Riley Securities has issued a Buy rating with a price target of $4400.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 3:16 pm

TSLA

Citron Research made a provocative statement on Twitter questioning which high-profile CEO should relinquish luxury assets and an excessive pay package for being the worst CEO of the past decade, hinting at a former Citron short target. They suggested that if this unnamed CEO stepped down, their company's stock would surge by 50% in one day. The tweet indirectly references Tesla and Elon Musk, praising Musk's performance and the 'Musk premium' on Tesla's stock.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 3:15 pm

BYND

TD Cowen analyst Robert Moskow has maintained a Sell rating on Beyond Meat (NASDAQ:BYND) and reduced the price target from $10 to $6.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 3:14 pm