Streetbeat News

Stock Prices

AIR

TGI

Triumph Group Inc (NYSE:TGI) shares fell after reporting Q3 results below consensus and reducing FY24 outlook. Sales and adjusted EPS missed expectations, with significant reductions in adjusted operating income, EBITDAP, and margins. The company also cut its FY24 net sales and operating income guidance significantly below previous estimates and the street view. Despite this, Triumph expects a strong Q4 due to various factors and has sold its Product Support business to AAR Corp (NYSE:AIR) for $725 million.

Portfolio Pulse from Lekha Gupta

February 07, 2024 | 4:43 pm

AAPL

NVDA

NYCB

Apple Inc is reportedly working on two folding iPhones, boosting its stock in early trade due to the popularity of similar products by Samsung and extreme positive market sentiment. NVIDIA Corp, a leader in AI, showed a peak in buying frenzy three days ago but now shows signs of balanced sentiment among bulls and bears, indicating a potential market top. New York Community Bancorp, Inc. was downgraded to junk status by Moody's, significantly impacting its stock price. China replaced its top stock market regulator in a move to boost the market. Early trade money flows are positive for AAPL, GOOG, META, MSFT, and TSLA, neutral for AMZN, negative for NVDA, and mixed for SPY and QQQ.

Portfolio Pulse from The Arora Report

February 07, 2024 | 4:42 pm

FDMT

4D Molecular Therapeutics announced the price of an upsized public offering of 6,586,015 shares at $29.50 per share, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 4:42 pm

KREF

KKR Real Estate Finance Trust's shares dropped following disappointing Q4 adjusted EPS results. JMP Securities kept a Market Outperform rating but reduced the price target from $14.5 to $13.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 4:40 pm

FTNT

Fortinet Inc (NASDAQ:FTNT) shares rose in premarket trading after reporting better-than-expected Q4 results, with several analysts adjusting their ratings and price targets. The company's billings outperformed expectations, driven by large deals and early success in SASE and SecOps. Despite some concerns over product revenue decline and competitive pressures, the overall sentiment is positive, with a focus on Fortinet's growth and profitability strategy.

Portfolio Pulse from Priya Nigam

February 07, 2024 | 4:39 pm

AVNW

CG

CMG

EMR

ENPH

Chipotle Mexican Grill, Inc. reported better-than-expected fourth-quarter financial results, leading to a 7.7% surge in its shares. Other companies like Aviat Networks, Enphase Energy, Sonos, XPO, Cirrus Logic, Green Plains, Griffon Corporation, REGENXBIO, The AZEK Company, O-I Glass, Frontier Group Holdings, SolarEdge Technologies, Silicon Laboratories, Emerson Electric, Yum China Holdings, Trex Company, The Carlyle Group, Roblox Corporation, IHS Holding, Palantir Technologies, California Resources Corporation, Arcadium Lithium, Palo Alto Networks, Carlisle Companies, Assurant, and Fortinet also reported positive financial results or updates, resulting in significant stock price increases.

Portfolio Pulse from Avi Kapoor

February 07, 2024 | 4:38 pm

SPY

Fed's Kugler comments on moderating wage growth and its impact on prices, indicating a potential easing of inflationary pressures.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 4:36 pm

GPRE

Green Plains shares are trading higher following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 4:34 pm

INTA

Intapp shares are trading lower following the announcement of their Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 4:33 pm

HAIN

The Hain Celestial Group's shares dropped following the announcement of Q2 revenue results that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 4:33 pm