Streetbeat News

Stock Prices

NVDA

ON

ON Semiconductor shares are trading lower amid volatility in chip stocks following NVIDIA's earnings.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 4:13 pm

TGI

Triumph Group shares are trading lower after the company reported Q4 financial results and issued FY25 guidance below estimates.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 4:13 pm

AMD

ARM

KLAC

LRCX

MU

WDC

JPMorgan's 52nd annual Global Technology, Media, and Communications Conference highlighted an optimistic outlook for the semiconductor industry, driven by cyclical improvements and AI demand. Companies like AMD, Micron, and Arm are expected to benefit from this upcycle, with strong demand for AI infrastructure and memory products.

Portfolio Pulse from Surbhi Jain

May 23, 2024 | 4:09 pm

INTC

Intel shares are trading lower after competitor NVIDIA reported better-than-expected quarterly results.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 4:08 pm

ENV

Envestnet shares are trading higher following a report suggesting the company is attracting interest from Advent and GTCR.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 4:07 pm

DIA

IWM

QQQ

SPY

Indexes are mixed following strong earnings from NVIDIA and upbeat economic data.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 4:07 pm

PACS

PACS Group shares are trading higher following the announcement of its acquisition of operations for 53 nursing and assisted/independent living facilities, along with leasing 37 facilities from a joint venture.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 4:06 pm

MPW

Medical Properties Trust shares are trading higher following a report suggesting that the company is close to an agreement with financial institutions for a $800 million refinancing deal covering 27 UK hospitals operated by Circle Health on long-term leases.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 4:03 pm

BCYC

BNZI

CYTK

ELF

ONMD

TGI

U.S. stocks traded mixed with the Dow Jones falling over 250 points, while the NASDAQ and S&P 500 rose. Key sectors showed varied performance, with IT shares rising and real estate shares falling. Notable stock movements included significant gains for OneMedNet Corporation, Bicycle Therapeutics, and e.l.f. Beauty, while Banzai International, Cytokinetics, and Triumph Group saw declines. The S&P Global composite PMI surged in May, indicating economic growth.

Portfolio Pulse from Avi Kapoor

May 23, 2024 | 4:01 pm

ALKS

Alkermes (NASDAQ:ALKS) has been analyzed by six analysts over the past three months, showing a range of perspectives from bullish to bearish. The average 12-month price target is $40.67, with a high of $50.00 and a low of $35.00. Recent analyst actions include rating changes and price target adjustments, reflecting their views on Alkermes's market standing. The company has shown notable revenue growth and strong financial performance, with a net margin of 10.51%, ROE of 3.0%, and ROA of 1.73%.

Portfolio Pulse from Benzinga Insights

May 23, 2024 | 4:00 pm