Streetbeat News

Stock Prices

MMLP

Martin Midstream Partners announced that Martin Resource Management Corporation has filed a Schedule 13D amendment, proposing to acquire all outstanding common units not owned by MRMC for $3.05 per unit in cash.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 1:28 pm

BAH

Booz Allen Hamilton (NYSE: BAH) shares rose by 3.7% in premarket trading after the company reported strong Q4 earnings, beating analyst expectations. The company saw significant growth in revenue, backlog, and headcount, and provided a positive outlook for FY25.

Portfolio Pulse from Nabaparna Bhattacharya

May 24, 2024 | 1:27 pm

SPY

Fed's Waller indicates that demographic trends will continue to lower the neutral rate. The demand for U.S. safe, liquid assets has pushed down Treasury yields and the neutral rate. The U.S. dollar remains the leading world reserve currency, with recent events suggesting increased influence for the dollar.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 1:26 pm

SPY

Federal Reserve Governor Christopher Waller stated that the real return on capital is not suitable for gauging the neutral rate. Instead, he suggested that the real 10-year Treasury yield is a good proxy for the neutral rate. Waller emphasized the need for humility when citing numerical values for the neutral rate.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 1:24 pm

SPY

Fed's Waller suggests that U.S. financing pressures may raise the longer-run neutral rate. He notes that the impact of the U.S. fiscal position is uncertain, but an oversupply of Treasury bonds could increase the neutral rate. Banking regulations, central banks, sovereign wealth funds, and capital market liberalization are unlikely to have a significant impact.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 1:23 pm

META

Mark Zuckerberg, CEO of Meta Platforms Inc. (NASDAQ:META), shared videos of himself wakeboarding using Ray-Ban Meta glasses, highlighting their durability and functionality. This move is part of a broader strategy to promote Meta's products, contrasting them with competitors like Apple's Vision Pro.

Portfolio Pulse from Rounak Jain

May 24, 2024 | 1:23 pm

AAPL

AI

AMD

BA

LOT

NET

NVDA

QQQ

SMCI

TSLA

The top 10 trending stocks on WallStreetBets as of May 24, 2024, include NVDA, QQQ, LOT, TSLA, AI, AAPL, AMD, SMCI, NET, and BA, according to data from Swaggy Stocks.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 1:14 pm

GH

The FDA's Molecular and Clinical Genetics Panel has recommended the approval of Guardant Health's Shield blood test for colorectal cancer screening. The panel voted favorably on the test's safety, effectiveness, and benefit-risk profile. However, concerns were raised about its performance in detecting early-stage cancers and advanced adenomas. The FDA is expected to make a final decision later this year.

Portfolio Pulse from Vandana Singh

May 24, 2024 | 1:12 pm

ANET

DJT

LLY

SGML

SONY

Jim Cramer shared his views on several stocks during CNBC's 'Mad Money Lightning Round.' He praised Arista Networks (ANET) for its strong earnings and stock repurchase program, but noted the volatility. Trump Media & Technology Group (DJT) was described as highly volatile, with a significant quarterly loss. Sony (SONY) was favored despite takeover rumors, and Sigma Lithium (SGML) was deemed 'too dicey.' Eli Lilly (LLY) received a positive mention, with approval of its diabetes drug in China.

Portfolio Pulse from Avi Kapoor

May 24, 2024 | 1:11 pm

ADM

COPX

NDAQ

Joshua Brown of Ritholtz Wealth Management named Nasdaq, Inc. (NDAQ) as his final trade on CNBC's 'Halftime Report Final Trades.' Nasdaq reported worse-than-expected Q1 EPS but increased its quarterly dividend by 9%. Stephen Weiss of Short Hills Capital Partners named Archer-Daniels-Midland Company (ADM) as his final trade. ADM posted better-than-expected Q1 EPS but missed revenue estimates. Liz Young of SoFi picked Global X Copper Miners ETF (COPX).

Portfolio Pulse from Avi Kapoor

May 24, 2024 | 1:05 pm