Streetbeat News

Stock Prices

DBX

B of A Securities analyst Michael Funk downgraded Dropbox (NASDAQ:DBX) from Buy to Underperform and reduced the price target from $34 to $28, indicating a negative outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 12:39 pm

USM

United States Cellular (NYSE:USM) reported Q4 earnings of $0.16 per share, surpassing the $0.04 estimate, marking a 300% beat and a significant turnaround from last year's $(0.33) loss per share. Sales reached $1.00B, exceeding the $984.23M estimate by 1.60%, despite a 4.58% decrease from the previous year's $1.05B.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 12:37 pm

TDS

Telephone and Data (NYSE:TDS) reported Q4 adjusted EPS of $(0.11), surpassing the $(0.12) estimate, and sales of $1.31B, exceeding the $1.28B estimate. This represents a 71.05% improvement in EPS and a 3.24% decrease in sales year-over-year.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 12:32 pm

AMAT

COIN

QQQ

ROKU

SPY

U.S. stock futures indicate a mixed opening ahead of key economic data releases, including producer price inflation and consumer sentiment. The S&P 500's recent record run and varied earnings reactions suggest ongoing market momentum. Analyst Adam Turnquist warns that rising Treasury yields could pose risks to the equity market. Premarket trading saw SPDR S&P 500 ETF Trust and Invesco QQQ ETF rise, while stocks like Roku, Coinbase, Applied Materials, and others moved significantly on earnings news.

Portfolio Pulse from Shanthi Rexaline

February 16, 2024 | 12:32 pm

HPE

STX

TXN

Wall Street's most accurate analysts recommend holding three tech stocks with over 3% dividend yields: Hewlett Packard Enterprise (HPE), Texas Instruments (TXN), and Seagate Technology (STX). These recommendations are based on their high dividend yields and recent analyst upgrades, price target adjustments, and significant corporate developments.

Portfolio Pulse from Avi Kapoor

February 16, 2024 | 12:31 pm

RIVN

Rivian Automotive Inc. (NASDAQ:RIVN) is developing customizable interior ambient lighting for its R1 model, akin to Tesla's refreshed Model 3. This feature was confirmed in response to a user's request on X, showcasing Rivian's focus on enhancing user experience and personalization. The company demonstrated this capability by changing the interior lighting to orange for Halloween 2023. This development is part of Rivian's strategy to compete in the electric vehicle market by offering features comparable to those in vehicles like the Porsche Taycan and Kia EV6, despite the R1's higher price point.

Portfolio Pulse from Anan Ashraf

February 16, 2024 | 12:22 pm

DTSS

Datasea Inc. (NASDAQ:DTSS) shares fell by 6% in premarket trading after a 9% gain the previous day. The drop comes despite the company's recent announcement of a $30 million deal with Hangzhou Chongda Technology Co. to increase sales of 5G multimodal communication services in China. Datasea has seen a 300% increase in share value over the last month and reported $18.3 million in revenue from related services in the first two quarters of 2024.

Portfolio Pulse from Nabaparna Bhattacharya

February 16, 2024 | 12:18 pm

VMC

Vulcan Materials (NYSE:VMC) reported Q4 adjusted EPS of $1.46, surpassing the $1.39 estimate, marking a 35.19% year-over-year increase. Sales reached $1.83B, slightly above the $1.83B estimate, representing a 5.89% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 12:12 pm

THS

Treehouse Foods (NYSE:THS) reported Q4 adjusted EPS of $0.77, surpassing the $0.73 estimate, but its sales of $910.80M fell short of the expected $925.44M. This reflects a 21.43% decrease in earnings and an 8.57% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 12:03 pm

BCPC

Balchem Corporation (NASDAQ:BCPC) reported Q4 adjusted EPS of $0.95, surpassing the $0.93 estimate, marking a 1.06% year-over-year increase. However, their Q4 sales of $228.70M fell short of the $234.66M estimate, a 1.65% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 12:02 pm