Streetbeat News

Stock Prices

AAPL

GOOG

In Q4 2023, Apple Inc. (AAPL) captured a 64% US smartphone market share, driven by iPhone 15 sales, while Android, powered by Alphabet Inc. (GOOG, GOOGL), saw a decline, especially in the sub-$300 segment. Apple's market dominance was further supported by strong holiday sales and strategic pricing of older models. The overall market growth and future outlook are tied to the US economic performance.

Portfolio Pulse from Rounak Jain

February 01, 2024 | 5:25 pm

INDA

INDY

SMIN

Steve Weiss, a commentator on CNBC, disclosed his recent purchase of ETFs INDA, SMIN, and INDY, indicating a bullish stance on Indian markets.

Portfolio Pulse from Charles Gross

February 01, 2024 | 5:25 pm

CNC

Centene Corporation (NYSE:CNC) has seen a 19.35% increase in its short percent of float since the last report, with 6.93 million shares sold short, representing 1.48% of its available trading shares. It would take approximately 2.29 days for traders to cover these short positions. The rise in short interest can indicate a bearish market sentiment towards CNC, although it's not a definitive predictor of stock price movement. Compared to its peers, CNC has a lower short interest percentage of float, with an average of 3.44% among its peers, suggesting less bearish sentiment towards CNC than its counterparts.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 5:15 pm

VRSK

Verisk Analytics (NYSE:VRSK) has seen a 15.29% decrease in short interest, now at 1.83 million shares or 1.44% of float, taking 2.35 days on average to cover. This decline in short interest could indicate a more bullish sentiment towards VRSK compared to its peers, where the average short interest as a percentage of float is 2.92%.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 5:15 pm

DLTR

Dollar Tree (NYSE:DLTR) has seen a decrease in short interest, with 7.51 million shares sold short, representing 4.15% of its float. This marks an 11.13% decline since the last report. The current short interest suggests a bullish sentiment among investors, as it takes 3.65 days on average for traders to cover their short positions. Dollar Tree's short interest is slightly higher than its peer group average of 3.78%, indicating more bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 5:15 pm

T

AT&T's stock (T) is trading higher following an upgrade by JP Morgan from Neutral to Overweight, with a price target increase from $18 to $21.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 5:06 pm

PSX

Phillips 66 (PSX) shares are trading higher following positive analyst actions. Raymond James maintained an Outperform rating and increased the price target from $140 to $155. Additionally, Wells Fargo raised its price target from $151 to $163.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 5:04 pm

CELU

CMPR

NRBO

PTON

REVB

VLCN

U.S. stocks traded higher with the S&P 500 gaining 0.5%. Consumer staples shares rose by 1.4%, while financial shares fell by 0.9%. ISM manufacturing PMI rose to 49.1, the highest since Oct. 2022. Cimpress, NeuroBo Pharmaceuticals, and Celularity saw significant stock price increases following positive announcements. Conversely, Revelation Biosciences, Peloton Interactive, and Volcon experienced notable declines.

Portfolio Pulse from Avi Kapoor

February 01, 2024 | 5:04 pm

AS

Amer Sports has indicated a price of $13.30 on a volume of 1.5 million shares.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 5:04 pm

IP

International Paper Company (NYSE:IP) reported Q4 sales of $4.601 billion, missing analyst expectations of $4.674 billion, but adjusted EPS of $0.41 beat the consensus of $0.34. Industrial Packaging and Global Cellulose Fibres net sales declined year over year, with operating profits also decreasing. The company highlighted $260 million in cost reductions and exited the quarter with $1.11 billion in cash and temporary investments. Shares fell by 3.25% to $34.67.

Portfolio Pulse from Nabaparna Bhattacharya

February 01, 2024 | 5:01 pm