Streetbeat News

Stock Prices

TSLA

Tesla shares are trading lower following a halt in production at its German factory, which was caused by a nearby arson attack.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 1:29 pm

ARE

HST

REG

Wall Street's most accurate analysts recommend buying three real estate stocks with over 3% dividend yields: Host Hotels & Resorts, Inc. (HST), Alexandria Real Estate Equities, Inc. (ARE), and Regency Centers Corporation (REG). These recommendations are based on their high dividend yields, recent positive sales reports, and updated analyst ratings with increased price targets.

Portfolio Pulse from Avi Kapoor

March 05, 2024 | 1:29 pm

SNAP

SYNA

TOL

Notable insider sales were reported for Synaptics, Toll Brothers, Wayfair, and Snap, with executives selling shares at significant amounts. These sales come amidst various company developments, including executive resignations, new community openings, revenue reports, and repurchase transactions. Insider sales can indicate various strategic or personal reasons and should be considered as part of a broader investment decision-making process.

Portfolio Pulse from Avi Kapoor

March 05, 2024 | 1:26 pm

GOOG

UNP

On CNBC's 'Halftime Report Final Trades,' Alphabet Inc. (GOOG/GOOGL) and Union Pacific Corporation (UNP) were highlighted, with Alphabet facing criticism for its Gemini image generator and a 2.1-billion-euro lawsuit over digital advertising practices. Union Pacific reported a Q4 FY23 operating revenue of $6.159 billion, surpassing expectations. Alphabet's shares fell by 2.8%, while Union Pacific's shares saw a slight increase of 0.2%.

Portfolio Pulse from Avi Kapoor

March 05, 2024 | 1:24 pm

AMZN

GOOG

GOOGL

AI startup Anthropic, backed by Alphabet Inc.'s Google and Amazon.com Inc., has introduced Claude 3, a generative AI model that claims to outperform OpenAI's GPT-4 in several metrics, including graduate-level reasoning and math problem-solving. Claude 3 comes in three sizes and is touted for its superior analysis, forecasting capabilities, content creation, code generation, and multilingual conversation skills. In benchmark tests, Claude 3 Opus slightly outperformed GPT-4 and Gemini Ultra.

Portfolio Pulse from Rounak Jain

March 05, 2024 | 1:24 pm

NCTY

The9 Limited (NCTY) has announced its plan to acquire a 51% stake in Shenma, with the deal comprising a $1M cash payment and the issuance of Class A ordinary shares to Shenma valued at $14.3M.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 1:23 pm

CFLT

CHWY

INDI

ONON

SMCI

Jim Cramer shared his views on several companies on CNBC's 'Mad Money Lightning Round.' He expressed skepticism about Indie Semiconductor's focus on the auto sector, praised On Holding AG, advised caution on Confluent due to financial issues, believed Chewy is bottoming, and found Super Micro Computer too hot after its stock surged following S&P 500 inclusion news. Indie Semiconductor and Confluent reported their financial results, with Indie showing weaker sales and Confluent exceeding expectations. On Holding and Chewy are set to report their financial results soon.

Portfolio Pulse from Avi Kapoor

March 05, 2024 | 1:21 pm

JPM

JP Morgan Chase & Co. (NYSE:JPM) partners with France's Cartes Bancaires CB to expand its European payment network, challenging Visa Inc. (NYSE:V) and Mastercard Incorporated (NYSE:MA). The partnership, granting merchant clients access to the French payment network by end of 2024, positions JP Morgan as the first U.S. bank to be a principal member of Cartes Bancaires CB. This move is expected to enhance JP Morgan's competitive stance in Europe, particularly France, where it processes over $1 trillion of payments daily and supports over 1,500 European clients. Additionally, JP Morgan's AI-powered cashflow management tool, Cash Flow Intelligence, has seen success, reducing manual labor for corporate customers by up to 90%.

Portfolio Pulse from Nabaparna Bhattacharya

March 05, 2024 | 1:20 pm

FSR

Fisker Inc. (NYSE:FSR) has seen a 9.15% decrease in short interest, now standing at 25.82% of its float with 102.98 million shares sold short. This represents a significant amount of bearish sentiment, although it has decreased since the last report. The current short interest suggests it would take approximately 2.88 days for traders to cover their short positions. Comparatively, Fisker's short interest is significantly higher than its peer group average of 9.23%, indicating more bearish sentiment towards Fisker than its peers.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 1:15 pm

TER

Teradyne's (NYSE:TER) short interest has decreased by 5.46% since the last report, with 4.42 million shares sold short, representing 3.29% of its float. This decline in short interest, compared to the peer group average of 6.71%, indicates a more bullish sentiment towards TER. Short interest is a key indicator of market sentiment, and a decrease suggests investors are less bearish on the stock.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 1:15 pm