Streetbeat News

Stock Prices

GE

GE shares are trading higher following the GE Aerospace division's presentation of guidance and a long-term financial outlook at its investor day.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 3:23 pm

AEO

BURL

KR

American Eagle Outfitters reported better-than-expected Q4 earnings, leading to a 5.4% stock increase. Other companies like MoneyLion, CompoSecure, Rush Street Interactive, and more also saw significant gains following positive financial results or guidance. Notable movers include Burlington Stores and Kroger with strong quarterly results and future EPS guidance.

Portfolio Pulse from Avi Kapoor

March 07, 2024 | 3:23 pm

ADP

SPY

The Bureau of Labor Statistics (BLS) is set to release the February jobs report, with economists predicting an addition of 200,000 non-farm payrolls and an unemployment rate holding at 3.7%. The ADP report showed weaker-than-expected private employment growth, adding 140,000 jobs versus the 150,000 forecasted. JPMorgan, Comerica, Wells Fargo, and ING Group provided varied forecasts, generally expecting a slowdown from January's growth. The labor market's performance could influence interest rate expectations, with traders currently anticipating four rate cuts by year-end. The SPDR S&P 500 ETF Trust (SPY) is trading near all-time highs.

Portfolio Pulse from Piero Cingari

March 07, 2024 | 3:22 pm

PLTR

Palantir Technologies' stock is trading higher in anticipation of its AIPCon March 2024 event. Additionally, Mizuho has increased its price target for Palantir from $18 to $21.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 3:19 pm

AVGO

Broadcom's stock price increased following Mizuho's upgrade of its price target from $1,450 to $1,550.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 3:18 pm

EW

Edwards Lifesciences' stock (EW) experienced a rise in its trading value following an upgrade from Neutral to Buy by B of A Securities.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 3:17 pm

PANW

Palo Alto Networks (NASDAQ:PANW) has seen a bearish sentiment in its options market, with 71% of trades being bearish. The options trades indicate an expected price window of $200.0 to $380.0. The company's stock is slightly up by 0.44%, with a current price of $280.1. Analysts have given an average target price of $359.0, with ratings ranging from Buy to Overweight. The next earnings report is expected in 75 days.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 3:16 pm

ARM

Arm Holdings' stock price increased following Mizuho's decision to raise its price target for the company from $100 to $160.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 3:16 pm

HPK

HighPeak Energy's stock is trading lower due to the company reporting Q4 revenue results that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 3:16 pm

MAT

During an Investor Day event, Mattel's CEO forecasted a decline in the toy industry for 2024, albeit at a slower pace compared to 2023. This outlook may influence investor sentiment towards Mattel and the broader toy sector.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 3:15 pm