Streetbeat News

Stock Prices

CHKP

CRWD

CYBR

FTNT

SNOW

Cybersecurity stocks, including CHKP, CRWD, CYBR, FTNT, S, SNOW, and ZS, are trading lower due to Palo Alto Networks' weak guidance.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 2:43 pm

ESEA

LUNR

MLI

PSHG

UAL

The article identifies five value stocks in the industrials sector based on low P/E multiples, indicating potential undervaluation. These include Mueller Industries (MLI), United Airlines Holdings (UAL), Euroseas (ESEA), Performance Shipping (PSHG), and Intuitive Machines (LUNR), with recent financial performance data provided for each. The significance of investing in value stocks is highlighted, noting the potential for rebound and the associated risks.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 2:41 pm

MMM

3M announced it will spin off its healthcare business on April 1, retaining a 19.9% minority stake in the new entity, Solventum. The company plans to monetize its stake within the first five operational years of Solventum.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 2:39 pm

CIG

ENIC

GNE

OPAL

TAC

The article highlights notable value stocks in the utilities sector, focusing on companies with low P/E multiples, indicating potential undervaluation. It lists TransAlta, Genie Energy, Cia Energetica DE Minas, OPAL Fuels, and Enel Chile as examples, providing recent financial performance including earnings per share and dividend yields. The piece underscores the inherent risk in value investing, emphasizing that the expected rebound in stock value may not always materialize.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 2:38 pm

CRWD

PANW

CrowdStrike Holdings Inc (CRWD) shares fell in response to weak guidance from cybersecurity peer Palo Alto Networks Inc (PANW), which reported lower than expected future revenue and earnings forecasts. Palo Alto's soft guidance for Q3 and the full year 2024 led to a more than 25% drop in its shares, affecting the broader cybersecurity sector. CrowdStrike, which has not yet reported its Q4 earnings, saw its shares drop by 10.7%. Despite this, analysts remain optimistic about CRWD, with expectations of a significant rise in the stock price.

Portfolio Pulse from Adam Eckert

February 21, 2024 | 2:37 pm

RPM

Over the past 20 years, RPM Intl (NYSE:RPM) has produced an average annual return of 10.09%, outperforming the market by 2.57% annually. A $100 investment in RPM 20 years ago would be worth $673.52 today. RPM Intl currently has a market capitalization of $14.03 billion.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 2:30 pm

ICE

Intercontinental Exchange (NYSE:ICE) has significantly outperformed the market over the past 15 years, with an average annual return of 17.72%, turning a $100 investment into $1,159.92 today. The company currently has a market capitalization of $78.12 billion.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 2:30 pm

SDA

Li Auto Inc. (NASDAQ:LI) shares are up in premarket trading after announcing a business cooperation pact with SunCar Technology Group Inc. (NASDAQ:SDA) to develop 'Li Auto Insurance's Broker System.' This system aims to enhance technological advancement and operational efficiency in the insurance industry, with completion expected by November 15, 2024. SunCar will provide design, development, operational support, and lifelong maintenance for the system.

Portfolio Pulse from Nabaparna Bhattacharya

February 21, 2024 | 2:29 pm

GRMN

Garmin Ltd (NYSE:GRMN) stock rose after reporting Q4 results with revenue growth of 13% Y/Y to $1.48 billion, surpassing the consensus of $1.42 billion. Proforma EPS was $1.72, beating the consensus of $1.40. The company saw growth in Fitness, Outdoor, and Marine segments, while Aviation declined. Garmin announced a dividend of $3.00 per share and authorized a $300 million share repurchase. FY24 revenue is expected to be $5.75 billion, above consensus, but projected EPS of $5.40 is below consensus. GRMN shares were up 5% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

February 21, 2024 | 2:23 pm

BRK-B

JPM

SLB

On CNBC's 'Halftime Report Final Trades,' experts highlighted their top stock picks including Berkshire Hathaway (BRK-B, BRK-A), Schlumberger (SLB), Toyota Motor (TM), and JPMorgan Chase (JPM). Berkshire Hathaway received a price target increase from UBS, Schlumberger reiterated strong FY24 guidance, Toyota's small-car unit leaders resigned over misconduct, and JPMorgan's diversified portfolio was praised. The stocks showed varied price movements in the latest session.

Portfolio Pulse from Avi Kapoor

February 21, 2024 | 2:22 pm