Streetbeat News

Stock Prices

APH

Over the past 5 years, Amphenol (NYSE:APH) has outperformed the market with an annualized return of 17.98%, turning a $1000 investment into $2,324.16 today. The company's market capitalization stands at $62.38 billion.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 6:00 pm

NVST

Envista Holdings Corporation (NYSE:NVST) reported Q3 2024 sales of $645.6 million, slightly above consensus but with a 2% Y/Y core sales decline. The company faced a net loss of $217.4 million in Q4 due to a non-cash charge for impairment of assets. Adjusted net income and EBITDA also declined compared to the previous year. Despite challenges, Envista expects low-single digit core sales growth and adjusted EBITDA margins of 16%-17% for the full year. William Blair downgraded NVST to Market Perform due to concerns over its execution and strategic initiatives. NVST shares fell 9.29% to $21.99.

Portfolio Pulse from Vandana Singh

February 08, 2024 | 5:57 pm

LQDT

Liquidity Services shares are trading lower following the announcement of Q1 financial results that did not meet expectations.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 5:53 pm

AMKBY

Moller Maersk (OTC:AMKBY) shares fell 15.5% after warning of potential impacts on its 2024 earnings due to the Red Sea crisis, leading to immediate capacity constraints and a temporary increase in rates. The crisis has caused the company to suspend its share buyback program and revise its full-year earnings forecast for 2024 to between $1 billion and $6 billion, down from $9.6 billion in 2023. The crisis has also led to increased costs and delays for shipping firms as they divert routes, potentially affecting global commodity markets and inflation.

Portfolio Pulse from Neil Dennis

February 08, 2024 | 5:52 pm

UTI

Universal Technical Institute's shares surged following the announcement of its Q1 financial results, which exceeded expectations. The company also provided positive guidance for the future.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 5:52 pm

GOOG

MSFT

SPY

TSLA

The S&P 500 surpassing $5000 and China's fastest price drop since 2009 are key highlights. SPDR S&P 500 ETF Trust (SPY) reflects the S&P 500's performance. Jobless claims remain steady, indicating a strong job market. Treasury auctions draw significant investor interest. Alphabet Inc (GOOG) rebrands its large language model to Gemini, competing with Microsoft's (MSFT) ChatGPT. China's price drop may prompt economic measures, affecting global markets. Early trade shows varied money flows in major tech stocks and ETFs, with notable movements in Tesla (TSLA), Meta Platforms (META), NVIDIA (NVDA), and Amazon (AMZN). Gold and oil ETFs (GLD, USO) see specific trading patterns, while Bitcoin experiences aggressive buying.

Portfolio Pulse from The Arora Report

February 08, 2024 | 5:50 pm

NTGR

Netgear's stock is trading lower following the announcement of its Q4 financial results, which were accompanied by a Q1 net revenue guidance that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 5:50 pm

COP

ConocoPhillips (NYSE:COP) reported Q4 FY23 results with revenue of $15.307 billion, missing the consensus of $15.942 billion, but an adjusted EPS of $2.40 beat the $2.09 consensus. Production increased to 1,902 MBOED, up 144 MBOED Y/Y. The average realized price per barrel declined 18% Y/Y. The company announced a $9 billion capital return plan for FY24 and declared a quarterly dividend of $0.58 per share. Shares rose 1.8% to $114.35.

Portfolio Pulse from Lekha Gupta

February 08, 2024 | 5:47 pm

U

Unity Software (NYSE:U) has seen a significant increase in options activity, with a bearish sentiment from big-money traders. Benzinga's options scanner revealed 8 trades, showing a preference for bearish positions with 75% bearish and 25% bullish sentiment. The trades target a price range of $20.0 to $42.0 for Unity Software. Notable options activity includes a mix of bearish and bullish calls with varying strike prices and expiration dates. Unity Software, a platform for creating real-time 3D content, has its stock currently neutral with a slight increase in price to $32.55.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 5:46 pm

SHOP

Shopify has announced a price increase for its Plus subscription plan, according to a report from Business Insider. This move could impact Shopify's revenue and potentially its stock price as the company adjusts its pricing strategy in a competitive e-commerce landscape.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 5:43 pm