Streetbeat News

Stock Prices

$100 invested in Visa (NYSE:V) 15 years ago would now be worth $1,987.05, showcasing an average annual return of 21.53% and outperforming the market by 8.86% annually. Visa's current market capitalization stands at $553.43 billion.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 5:30 pm

WING

Wingstop (NASDAQ:WING) has significantly outperformed the market with an annualized return of 36.34% over the past 5 years, growing a $1000 investment to $4,657.39. The company's market capitalization stands at $10.66 billion.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 5:30 pm

FEPI

PSI

Piper Sandler analyst Harsh V. Kumar reiterated an Overweight rating on Micron Technology, Inc (NASDAQ:MU) with a price target of $130, highlighting Micron's dominance in the high-bandwidth memory (HBM) market. Micron's HBM3E product is noted for its 30% greater power efficiency over competitors, leading to significant revenue visibility. The company has sold out its HBM capacity for 2024 and most of 2025, anticipating revenue growth from this segment. Micron's HBM market share is expected to align with its broader DRAM market share by 2025. Challenges in expanding HBM capacity are acknowledged, but Micron is committed to overcoming these hurdles. The next generation of HBM, HBM4, is expected to enter volume production around 2026. Micron stock has gained over 96% in the last 12 months. Investors can also gain exposure to Micron through REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) and Invesco Semiconductors ETF (NYSE:PSI).

Portfolio Pulse from Anusuya Lahiri

April 15, 2024 | 5:26 pm

CRM

DIA

QQQ

SCHW

SPY

TLT

TSLA

Wall Street experienced a mixed day with major indices showing varied performance after strong retail sales data and easing Middle East tensions. The iShares 20+ Year Treasury Bond ETF (TLT) dropped 1.8% due to a surge in bond yields. The SPDR S&P 500 ETF Trust (SPY), SPDR Dow Jones Industrial Average (DIA), and Invesco QQQ Trust (QQQ) saw slight movements. Tesla (TSLA) and Salesforce (CRM) stocks fell after company-specific news, while Goldman Sachs (GS) and Charles Schwab (SCHW) rose following positive earnings reports.

Portfolio Pulse from Piero Cingari

April 15, 2024 | 5:25 pm

USAU

U.S. Gold Corp (NASDAQ:USAU) shares dropped 10.7% to $3.96 after announcing a $4.9 million registered direct offering of 1.4 million shares at $3.50 each, with warrants for an additional 1.4 million shares at $4.48 each. The offering's closing is expected around April 19.

Portfolio Pulse from Henry Khederian

April 15, 2024 | 5:16 pm

NOW

ServiceNow's stock is trading lower following a downgrade by Guggenheim from Buy to Neutral.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 5:16 pm

BLK

Smart money investors have shown a significant bearish stance on BlackRock (NYSE:BLK), with options trading data revealing 75% bearish sentiment among high-value trades. A total of 16 unusual options trades were spotted, with puts outnumbering calls, indicating expectations of a price movement between $550 and $1030. BlackRock, the world's largest asset manager with $10.008 trillion in AUM, has seen its stock price slightly increase, with analysts giving mixed reviews and target prices ranging from $767 to $1025.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 5:16 pm

CRM

INFA

Informatica Inc. (NYSE:INFA) shares are trading lower due to increased volatility following reports of Salesforce (NYSE:CRM) in talks to acquire the company. The acquisition price is reportedly lower than Informatica's recent closing stock price. RBC Capital analyst Matthew Hedberg reiterated an Outperform rating and $41 price target for Informatica. The company's shares dipped on heavy trading volume, with over 4.08 million shares traded, significantly above the 100-day average.

Portfolio Pulse from Erica Kollmann

April 15, 2024 | 5:15 pm

TEAM

Atlassian's stock (TEAM) trades lower as Mizuho maintains a Buy rating but reduces its price target from $265 to $240.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 5:12 pm

LMT

NOC

RTX

Members of Congress have been purchasing shares in defense companies such as Lockheed Martin, RTX Corp, Northrop Grumman, and General Dynamics amid escalating Middle East tensions. This activity raises concerns about potential conflicts of interest as the U.S. considers its response to recent attacks in the region. The trading activity, highlighted by Benzinga and Unusual Whales, includes transactions by Reps. Kevin Hern, Kathy Manning, Josh Gottheimer, and Sen. Markwayne Mullin, among others.

Portfolio Pulse from Chris Katje

April 15, 2024 | 5:09 pm