Streetbeat News

Stock Prices

AEP

American Electric Power (NYSE:AEP) has seen a 9.33% increase in short percent of float since its last report, with 8.64 million shares sold short, representing 1.64% of available shares. This indicates a bearish sentiment among investors, although it's not a definitive predictor of stock price movement. AEP's short interest is below its peer group average of 2.56%, suggesting less bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 5:15 pm

ARLO

Arlo Technologies' shares surged following the announcement of their Q4 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 5:12 pm

NTAP

NetApp (NASDAQ:NTAP) shares surged after reporting Q3 FY24 results with a 5% Y/Y revenue increase to $1.61 billion, surpassing estimates. Adjusted EPS was $1.94, beating the consensus of $1.69. The company also raised its FY24 adjusted EPS guidance to $6.40-$6.50, above the consensus of $6.15. Analysts have updated their ratings, with several raising their price targets. NTAP shares are up 23.11% at $109.72.

Portfolio Pulse from Lekha Gupta

March 01, 2024 | 5:09 pm

BA

SPR

Spirit AeroSystems' stock price increased after a report by the Wall Street Journal indicated that Boeing is considering purchasing the company.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 5:08 pm

GRTS

Gritstone bio Inc (NASDAQ:GRTS) shares dropped after announcing a 40% workforce reduction due to a delay in the CORAL Phase 2b study and subsequent lack of anticipated external funding. Despite this, the company's core programs and milestones, including the Phase 2/3 study of its personalized cancer vaccine GRANITE, remain on track.

Portfolio Pulse from Vandana Singh

March 01, 2024 | 5:08 pm

META

NVDA

Meta Platforms Inc's stock (META) reached a new all-time high, surpassing $500, marking a 40% increase YTD and 185% over the past year. This surge is attributed to recent developments, including partnerships and advancements in AI and AR technologies. Technical indicators and analyst ratings suggest a strongly bullish trend, despite the RSI indicating the stock might be overbought. Nvidia Corp (NVDA) leads the Magnificent Seven stocks with a 248% return YTD.

Portfolio Pulse from Surbhi Jain

March 01, 2024 | 5:05 pm

BIDU

Baidu Inc (NASDAQ:BIDU) reported a 6% YoY revenue growth to 34.95 billion yuan in Q4 2023, driven by AI applications and advertising. Despite this, earnings per share of 95 cents fell short of the $2.48 analyst consensus due to high AI spending. The company's strategic shift towards AI, including the launch of its ChatGPT-like ERNIE Bot, aims to combat economic slowdowns and diversify revenue sources. Baidu's full-year revenue rose 9% to about $19 billion, amidst challenges like the U.S. ban on exporting advanced semiconductors to China. Google is re-entering the Chinese market through AI software, intensifying competition.

Portfolio Pulse from Upwallstreet

March 01, 2024 | 5:05 pm

QCOM

Over the past 5 years, Qualcomm (NASDAQ:QCOM) has significantly outperformed the market, with an average annual return of 24.45%, turning a $1000 investment into $2,993.49 today. Qualcomm's market capitalization stands at $179.68 billion.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 5:01 pm

LHX

L3Harris Technologies (NYSE:LHX) has delivered an average annual return of 11.74% over the past 20 years, outperforming the market by 3.97%. A $100 investment in LHX 20 years ago would be worth $910.41 today. The company currently has a market capitalization of $40.30 billion.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 5:01 pm

CTRA

Recent analyst ratings for Coterra Energy (NYSE:CTRA) show a mix of bullish and somewhat bullish perspectives, with no bearish views. Over the past three months, 10 analysts have provided ratings, with the latest 12-month price target averaging $32.5, slightly down from $32.62. Analyst actions include both upgrades and downgrades, reflecting adjustments to market conditions and company performance. Coterra Energy, an independent oil and gas company, faces challenges such as a -30.0% revenue decline and below-average profitability metrics, impacting its market position.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 5:00 pm