Streetbeat News

Stock Prices

ARE

DEI

EXR

HIW

HPP

KRC

LAMR

MAC

OUT

PLD

SLG

SUI

VNO

Shares of REIT stocks are trading higher due to a drop in Treasury yields following soft May CPI figures.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 5:02 pm

TEVA

Teva Pharmaceutical Industries (NYSE:TEVA) has outperformed the market over the past 5 years, delivering an average annual return of 15.66%. A $1000 investment in TEVA 5 years ago would be worth $2,109.76 today. The article highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

June 12, 2024 | 5:02 pm

ELF

Deep-pocketed investors have adopted a bearish approach towards e.l.f. Beauty (NYSE:ELF), with 61% of notable options activities being bearish. The trading activity suggests a price range of $170.0 to $240.0 for ELF over the next three months. Analysts have mixed ratings, with price targets ranging from $151 to $235.

Portfolio Pulse from Benzinga Insights

June 12, 2024 | 5:01 pm

DDOG

FEZ

SPGI

UBER

The CNBC Halftime Report highlighted final trades including Uber Technologies, S&P Global, Datadog, and the SPDR DJ Euro STOXX 50 ETF. These stocks and ETF were recommended for investors to consider.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 5:00 pm

GTLB

GitLab shares are trading higher following the announcement of the public beta for expanded integrations with Google Cloud.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 4:59 pm

META

BMO Capital analyst Brian Pitz reiterated a Market Perform rating on Meta Platforms Inc (NASDAQ:META) with a price target of $450. The analyst highlighted the rising risk of free-cash-flow burn due to evolving creator payouts. Meta may need to increase creator payouts to retain engaging content, potentially increasing costs by $3-5 billion annually. The competition from platforms like YouTube, Snap, and TikTok, along with the need to offer revenue share before generating positive FCF, poses additional risks. Despite a rise in revenue from China advertisers, challenges remain with app downloads and user engagement.

Portfolio Pulse from Shivani Kumaresan

June 12, 2024 | 4:58 pm

BTCUSD

ETHUSD

The FOMC meeting today is crucial for the cryptocurrency market, with the new dot plot and CPI data potentially influencing rate cut expectations. A dovish outlook could boost crypto prices.

Portfolio Pulse from Murtuza Merchant

June 12, 2024 | 4:48 pm

HOOD

Robinhood Markets Inc (NASDAQ:HOOD) shares are trading higher after the company reported positive operating data for May, including increases in funded customers, net deposits, assets under custody, and trading volumes across equities, options, and crypto.

Portfolio Pulse from Adam Eckert

June 12, 2024 | 4:48 pm

CNM

Core & Main shares are trading higher following the announcement of a $500 million share repurchase program.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 4:43 pm

BE

Bloom Energy shares are trading higher after RBC Capital maintained an Outperform rating on the stock and raised its price target from $14 to $15.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 4:41 pm