Streetbeat News

Stock Prices

SMCI

Deep-pocketed investors are showing a bearish sentiment towards Super Micro Computer (NASDAQ:SMCI) based on unusual options activity detected by Benzinga. The activity includes both puts and calls with a price target range from $280 to $1000. SMCI's current market status shows a -1.99% price drop to $670, with analysts giving mixed ratings. The company specializes in high-performance server technology services.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 3:31 pm

SNA

Snap-on (NYSE:SNA) reported Q4 earnings of $4.75 per share, surpassing the $4.66 estimate, and sales of $1.29B, exceeding the $1.20B estimate. This represents a 7.47% increase in earnings and an 11.92% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 3:31 pm

AXP

Over the past 15 years, American Express (NYSE:AXP) has produced an average annual return of 18.84%, outperforming the market by 6.13% annually. A $100 investment in AXP 15 years ago would now be worth $1,294.38. The company currently has a market capitalization of $150.91 billion.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 3:30 pm

ORCL

Over the past 20 years, Oracle (NYSE:ORCL) has produced an average annual return of 11.29%, outperforming the market by 3.75% on an annualized basis. A $1000 investment in ORCL 20 years ago would be worth $8,500.73 today. Oracle's market capitalization currently stands at $321.57 billion.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 3:30 pm

HUT

MARA

RIOT

Bitcoin miners are selling their holdings at a record pace to fund expansion ahead of the April 2024 halving event, which will reduce mining rewards. This selling has contributed to a recent price pullback. Miner reserves have hit a six-year high in outflows following ETF approval. The halving is expected to decrease miner profitability, prompting sales to upgrade infrastructure. Central banks' anticipated interest rate cuts in 2024 could weaken the dollar, potentially increasing miner profits. Publicly listed mining companies like Marathon Digital, Riot Platforms, and Hut 8 Mining are in focus as the halving approaches.

Portfolio Pulse from Khyathi Dalal

February 08, 2024 | 3:25 pm

PINS

Pinterest, Inc. (NYSE:PINS) is anticipated to report higher Q4 earnings with an expected EPS of 51 cents, up from 29 cents a year ago, and revenue forecasted at $989.53 million versus $877.21 million in the previous year. Analysts have revised their forecasts and ratings ahead of the earnings call, with several maintaining or upgrading their ratings and increasing their price targets. Pinterest shares fell 0.5% to close at $40.83 recently.

Portfolio Pulse from Avi Kapoor

February 08, 2024 | 3:24 pm

ARM

CYBR

DIS

HSY

WYNN

Arm Holdings reported better-than-expected Q3 results, leading to a 47.3% surge in its shares. Other companies like Oscar Health, Mineralys Therapeutics, and Viking Therapeutics also saw significant gains following positive financial results or announcements. Companies such as Monolithic Power Systems, Ralph Lauren, and Advanced Drainage Systems reported strong earnings, raising guidance and dividends. Disney announced a $1.5 billion investment in Epic Games and a new share repurchase program. Overall, several stocks recorded gains in Thursday's session.

Portfolio Pulse from Avi Kapoor

February 08, 2024 | 3:24 pm

HSY

Hershey's stock is trading higher following the announcement of mixed Q4 financial results and an increase in its quarterly dividends.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 3:19 pm

CX

Cemex (NYSE:CX) reported a Q4 2023 GAAP EPS of $(0.30) and sales of $4.24B, missing the analyst consensus estimate of $4.32B by 1.75%. Despite the miss, sales increased by 9.67% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 3:19 pm

ARES

Ares Management's shares experienced an increase following the announcement of their Q4 adjusted EPS results, which surpassed expectations.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 3:18 pm