Streetbeat News

Stock Prices

MCD

Over the past 20 years, McDonald's (NYSE:MCD) has produced an average annual return of 12.25%, outperforming the market by 4.33% on an annualized basis. A $100 investment in MCD 20 years ago would be worth $1,000.52 today, showcasing the impact of compounded returns over time. McDonald's current market capitalization stands at $193.74 billion.

Portfolio Pulse from Benzinga Insights

April 11, 2024 | 3:30 pm

AXON

Over the past 5 years, Axon Enterprise (NASDAQ:AXON) has significantly outperformed the market, with an annualized return of 38.88%, turning a $100 investment into $523.42. The company now has a market capitalization of $24.00 billion.

Portfolio Pulse from Benzinga Insights

April 11, 2024 | 3:30 pm

CSCO

Cisco Systems (NYSE:CSCO) has seen a 4.81% increase in short interest, now at 44.28 million shares or 1.09% of float, taking traders 1.97 days to cover. This rise indicates a more bearish market sentiment towards CSCO, though it has less short interest compared to its peers' average of 8.77%. The increase in short interest doesn't necessarily predict a price drop but suggests traders are betting more on a decline.

Portfolio Pulse from Benzinga Insights

April 11, 2024 | 3:30 pm

IBP

Installed Building Prods (NYSE:IBP) has seen a 7.61% increase in short interest since its last report, with 1.12 million shares sold short, representing 5.8% of its float. This requires an average of 3.94 days to cover. The rise in short interest can indicate bearish market sentiment, but it's noted that an increase in short interest doesn't necessarily predict a near-term price drop. Compared to its peers, IBP has a lower short interest percentage of float, with the peer group average at 6.28%.

Portfolio Pulse from Benzinga Insights

April 11, 2024 | 3:30 pm

SWN

Scotiabank analyst Cameron Bean downgraded Southwestern Energy (SWN) from Sector Outperform to Sector Perform while raising the price target from $9 to $9.5.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 3:29 pm

MRK

MRNA

Moderna Inc has paused its plans to build a vaccine manufacturing plant in Kenya due to declining COVID-19 vaccine demand in Africa, leading to over $1 billion in losses and write-downs. The decision reflects a shift in investment strategy away from pandemic preparedness in Africa. Despite this, Moderna shares saw a jump after presenting positive results from a therapy study in collaboration with Merck & Co Inc.

Portfolio Pulse from Vandana Singh

April 11, 2024 | 3:24 pm

EPI

FXI

INDA

KWEB

MCHI

The Asian Development Bank's optimistic outlook highlights China's continued dominance in the Asia-Pacific GDP, despite a slight slowdown, and India's significant growth potential. Key ETFs to watch include KraneShares CSI China Internet ETF (KWEB), iShares MSCI China ETF (MCHI), iShares China Large-Cap ETF (FXI) for China, and iShares MSCI India ETF (INDA), WisdomTree India Earnings Fund (EPI) for India. These ETFs offer investors exposure to the growth potential in these regions.

Portfolio Pulse from Surbhi Jain

April 11, 2024 | 3:22 pm

AMD

DELL

EGIO

INTC

SMCI

Citron Research highlighted Edge computing's growing industry importance, mentioning recent announcements from Dell, Super Micro Computer, AMD, and Intel. Despite its stock challenges, Edgio (EGIO) reported record revenue and boasts one of the largest edge networks globally, leading to a rise in its shares.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 3:18 pm

PANW

Palo Alto Networks (NASDAQ:PANW) has seen significant options market activity, indicating a bullish stance by large investors. Benzinga's options scanner revealed 9 trades, with a sentiment split of 55% bullish and 44% bearish. The trades target a price range of $180 to $310. The largest trades include both calls and a put, with notable activity for calls at strike prices of $280, $300, $230, and $200, and a put at $290. Analysts have set an average price target of $340, with recent ratings from Stifel and Redburn Atlantic. PANW's stock is currently up 0.71% at $283.0.

Portfolio Pulse from Benzinga Insights

April 11, 2024 | 3:17 pm

COIN

Deep-pocketed investors have shown a bearish sentiment towards Coinbase Global (NASDAQ:COIN), with a significant move in options activity detected by Benzinga. The activity includes 35 unusual options trades, with a bearish majority of 65% and a bullish minority of 34%. The focus is on a price range between $105 and $400 for COIN, with notable trades highlighted in the options market. Coinbase, a leading cryptocurrency exchange, is under scrutiny as its stock shows slight gains and an upcoming earnings announcement. Analyst ratings vary, with an average target price of $239.2.

Portfolio Pulse from Benzinga Insights

April 11, 2024 | 3:17 pm