Streetbeat News

Stock Prices

MNDR

Mobile-health Network Solutions (MNDR) is set to begin trading on NASDAQ on April 3, with an IPO price range of $4.00 to $5.00 per share. The company, a leading telehealth solutions provider in Singapore, has an insider lock-up period ending on September 30, 2024.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 3:00 pm

CCS

DHI

LEN

LGIH

MTH

Shares of homebuilders CCS, DHI, LEN, LGIH, MTH are trading lower following a downgrade by Wedbush from Neutral to Underperform, amid rising Treasury yields putting pressure on the sector.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 2:59 pm

AMZN

Jeff Bezos convinced his siblings to invest $10,000 each in Amazon in the mid-1990s, which has now grown to be worth $1.30 billion each. This investment showcases the immense growth of Amazon from its early days to a current market cap of $1.86 trillion, highlighting the potential of visionary entrepreneurship in the digital economy.

Portfolio Pulse from Rounak Jain

April 02, 2024 | 2:59 pm

CVS

ELV

HUM

TSLA

UNH

USO

An Israeli air strike killed a top Iranian general, causing oil prices to rise and impacting stock market sentiment negatively due to inflation concerns. Tesla Inc and several healthcare companies including CVS Health Corp, Elevance Health Inc, UnitedHealth Group Inc, and Humana Inc are facing selling pressure due to disappointing news. Early trade shows negative money flows in major tech stocks and ETFs, while the momo crowd is buying stocks and gold. The United States Oil ETF is popular among oil buyers. Investors are advised to adjust their protection bands in light of these developments.

Portfolio Pulse from The Arora Report

April 02, 2024 | 2:57 pm

DIS

META

MPC

NFLX

VLO

The S&P 500 Index saw a 9.94% increase in Q1 2024, with energy and communication services sectors leading. Energy sector stocks like MPC, VLO, TRGP, FANG, and PSX showed significant gains, attributed to rising oil prices and demand. Communication services sector stocks, including META, DIS, NFLX, VZ, and OMC, also performed well, driven by digital services demand and content consumption. ETFs tracking these sectors, SPY, IVV, VOO, XLE, and XLC, reflect the market's growth.

Portfolio Pulse from Surbhi Jain

April 02, 2024 | 2:56 pm

GRTS

Gritstone Bio Inc (NASDAQ:GRTS) released preliminary Phase 2 data for its cancer vaccine GRANITE, showing early benefit trends in metastatic colorectal cancer patients. The study highlighted a 100% vaccine manufacturing success rate and a favorable safety profile. Concurrently, Gritstone priced a $32.5 million public offering and announced a 40% workforce reduction due to a delay in the CORAL Phase 2b study and subsequent loss of anticipated funding. GRTS shares dropped 43% to $1.34.

Portfolio Pulse from Vandana Singh

April 02, 2024 | 2:56 pm

MAMO

Trading of Massimo Group shares, symbol MAMO, has resumed after a temporary halt.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 2:55 pm

BMEA

Biomea Fusion's stock price is trading lower following a downgrade by JP Morgan from Overweight to Neutral, with a significant reduction in the price target from $51 to $14.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 2:54 pm

BURL

LEVI

PVH

VFC

Retail and apparel stocks are trading lower, potentially in sympathy with PVH Corp. after it issued weak Q1 guidance. The sector's downturn may also be attributed to overall market weakness due to a rise in yields.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 2:52 pm

PVH

PVH Corp (NYSE:PVH) shares fell despite reporting strong Q4 results, with analysts highlighting 'healthy' gross margins for Calvin Klein and Tommy Hilfiger. JPMorgan raised its price target, while BMO, Telsey, and Wedbush provided mixed views on future guidance and market challenges. Concerns include lower-than-expected guidance for Q1 and FY, with impacts from the sale of Heritage Brands women's intimates and a challenging macro environment, especially in Europe.

Portfolio Pulse from Priya Nigam

April 02, 2024 | 2:45 pm