Streetbeat News

Stock Prices

GDX

GLD

GOLD

IAU

NEM

Gold prices continue to rise, with speculators driving the price up at a rate not seen since 2019. Gold futures dipped slightly by 0.1% on Monday, but overall, gold added 4.3% over the last week. ETFs like SPDR Gold Shares ETF (GLD) and iShares Gold Trust ETF (IAU) saw similar gains. Analysts attribute the rise to a Goldilocks scenario and expect further increases due to geopolitical uncertainty and potential Federal Reserve policy changes. The VanEck Gold Miners ETF (GDX) and stocks like Newmont Goldcorp (NEM) and Barrick Gold Corp (GOLD) are also seeing positive movements.

Portfolio Pulse from Neil Dennis

March 11, 2024 | 3:29 pm

AIMD

Ainos shares are trading lower following the announcement of a year-over-year decrease in FY23 revenue results.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 3:29 pm

HMC

The U.S. National Highway Traffic Safety Administration (NHTSA) has initiated a preliminary probe into approximately 250,712 Honda Motor Co Ltd (NYSE:HMC) Insight and Passport vehicles for unintended activation of automatic emergency braking. The investigation follows 46 complaints, including three crashes or fires and two injuries. The affected models are the hybrid electric Insight and the Passport SUV from 2019-2022. This issue poses collision risks due to inadvertent activation of the braking system. HMC shares dropped 2.04% to $34.79 following the news.

Portfolio Pulse from Shivani Kumaresan

March 11, 2024 | 3:17 pm

AMAT

AMD

ASML

KLAC

LRCX

MRVL

Semiconductor stocks are trading lower, potentially due to a pullback after recent gains driven by AI momentum.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 3:17 pm

LRCX

Lam Research (NASDAQ:LRCX) has seen a notable increase in options activity, with a bearish sentiment prevailing among financial giants. Analysis revealed 22 unusual trades, with 36% bullish and 63% bearish. The focus is on a price band between $300.0 and $1360.0. Current trading volume is 299,184, with a price decrease of -1.23% to $944.88. Analyst ratings in the last 30 days average a target of $957.5, with mixed reviews from Cantor Fitzgerald and UBS. The options market for LRCX indicates a cautious but potentially profitable approach for educated traders.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 3:15 pm

NextNav's stock price increased following the announcement of its agreement to acquire additional spectrum licenses covering 4 MHz in the lower 900 MHz band.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 3:10 pm

VTYX

Ventyx Biosciences Inc (NASDAQ:VTYX) shares dropped after announcing clinical and pipeline updates, including a focus on NLRP3 inhibitors for unmet medical needs. The company reported positive Phase 1 and Phase 2 trial results for its NLRP3 inhibitors, VTX3232 and VTX2735, and plans for future trials. Ventyx also seeks a partner for its VTX002 Phase 3 trial. With $252.2 million in cash and an additional $100 million from PIPE financing, Ventyx expects its funds to last into the second half of 2026.

Portfolio Pulse from Vandana Singh

March 11, 2024 | 3:09 pm

RIVN

Rivian Automotive Inc (NASDAQ:RIVN) shares increased by 4.7% to $13.38 amid strength in recent sessions, gaining 25% over the last five days after its earnings report. The upcoming Consumer Price Index (CPI) report may influence Rivian's stock due to potential Federal Reserve actions on interest rates. UBS analyst Joseph Spak maintained a Sell rating on Rivian but raised the price target from $8 to $9. Wall Street views Rivian as Neutral, with a significant fall expected by the most bearish analyst. Rivian's stock fell 26.63% in the past three months, despite a 98.34% revenue increase over the past year.

Portfolio Pulse from Henry Khederian

March 11, 2024 | 3:06 pm

COIN

Coinbase shares are trading higher following Bitcoin's surge to a record high, indicating a positive correlation between the performance of cryptocurrency markets and Coinbase's stock price.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 3:05 pm

EMR

ROK

Rockwell Automation (NYSE:ROK) is set to deliver a dividend payout of $1.25 per share on March 11, 2024, with an annualized yield of 1.92%. The company has shown a consistent increase in dividend per share from $4.13 in 2020 to $4.79 in 2023, alongside an upward trend in earnings per share from $7.68 to $12.12 over the same period. This performance indicates strong financial health and a commitment to returning capital to shareholders, positioning Rockwell Automation as a leader in dividend yield within its industry, slightly ahead of Emerson Electric (NYSE:EMR) with a 1.91% yield.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 3:05 pm