Streetbeat News

Stock Prices

AIT

Over the past 5 years, Applied Industrial Techs (NYSE:AIT) has produced an average annual return of 25.55%, outperforming the market by 13.85%. A $1000 investment in AIT 5 years ago would now be worth $3,029.55. The company currently has a market capitalization of $7.07 billion.

Portfolio Pulse from Benzinga Insights

May 01, 2024 | 3:30 pm

MLM

Over the past 20 years, Martin Marietta Materials (NYSE:MLM) has produced an average annual return of 14.04%, outperforming the market. A $100 investment in MLM 20 years ago would be worth $1,384.54 today. The company currently has a market capitalization of $35.86 billion.

Portfolio Pulse from Benzinga Insights

May 01, 2024 | 3:30 pm

TSLA

Tesla has reportedly decided to move away from its next-generation 'Gigacasting' manufacturing process, according to sources cited by Reuters. This decision marks a significant shift in the company's production strategy, potentially impacting its efficiency and cost structure in manufacturing electric vehicles.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 3:28 pm

SPXL

SPXS

SPY

The SPDR S&P 500 ETF (SPY) is experiencing a slight decline ahead of the Federal Reserve's interest rate decision, with investors closely watching for signals on future rate movements. The ETF has entered a downtrend after a significant run-up, and its short-term outlook appears weak. Direxion Daily S&P 500 Bull 3X Shares (SPXL) and Direxion Daily S&P 500 Bear 3X Shares (SPXS) offer leveraged bullish and bearish trading opportunities on the SPY's movements.

Portfolio Pulse from Melanie Schaffer

May 01, 2024 | 3:24 pm

BABA

CGRO

PGJ

Alibaba Group Holding Limited (NYSE:BABA) is planning to build a data center in Vietnam to comply with local data storage laws and support demand in the fast-growing economy. This move follows Vietnam's 2022 law requiring local data storage, which has been resisted by major tech firms like Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) and Amazon.Com Inc (NASDAQ:AMZN). The decision is part of Alibaba's strategy for better data security and control, and cost reduction. Other companies, including Nvidia Corp (NASDAQ:NVDA), Apple Inc (NASDAQ:AAPL), and Lam Research Corp (NASDAQ:LRCX), are also turning to Vietnam for supply chain diversification. Alibaba's stock can be accessed through Invesco Golden Dragon China ETF (NASDAQ:PGJ) and Tidal Trust II CoreValues Alpha Greater China Growth ETF (NYSE:CGRO). BABA shares recently saw a 1.28% increase to $75.78.

Portfolio Pulse from Anusuya Lahiri

May 01, 2024 | 3:21 pm

BTCUSD

Pseudonymous crypto trader Altcoin Sherpa predicts Bitcoin could drop to $40,000 without negating its overall bullish sentiment. Using a 'dropped ball' analogy, he explains that support levels weaken with each touch but maintains that the market remains bullish. He advises against panic selling, citing potential bullish catalysts ahead.

Portfolio Pulse from Khyathi Dalal

May 01, 2024 | 3:18 pm

MDB

Financial analysis reveals a bearish sentiment in MongoDB's (NASDAQ:MDB) options activity, with 62% of trades showing bearish tendencies. Significant options trades indicate a targeted price range of $320.0 to $430.0. MongoDB's current stock price is up by 1.77% at $371.64, with an anticipated earnings release in 29 days. Analysts have given mixed reviews, with an average price target of $446.25. The analysis of options suggests that investors are preparing for potential price movements within the specified range.

Portfolio Pulse from Benzinga Insights

May 01, 2024 | 3:16 pm

PANW

Deep-pocketed investors show a bearish trend in Palo Alto Networks (NASDAQ:PANW) options, with a significant move suggesting a big event ahead. Benzinga's options scanner revealed 40 unusual activities, with a bearish sentiment prevailing among 55% of investors. The price target range is set between $200 and $410. Recent trades include both bullish and bearish positions, with notable trades listed. PANW's current market status shows a -1.7% price drop, with an earnings announcement expected in 20 days. Three analysts have recently provided price targets, averaging at $345.

Portfolio Pulse from Benzinga Insights

May 01, 2024 | 3:16 pm

UNH

Financial analysis reveals a bearish sentiment among traders towards UnitedHealth Group (NYSE:UNH), with a significant portion of options trades indicating expectations for the stock's price to range between $230.0 and $530.0. Despite this, analysts remain optimistic, with an average price target of $551.4. UnitedHealth Group, a leading health insurer, has seen its stock price slightly increase to $484.1, with indicators suggesting it may be approaching overbought territory. Analysts from Piper Sandler, TD Cowen, Barclays, Wells Fargo, and RBC Capital maintain positive ratings, with price targets ranging from $525 to $571.

Portfolio Pulse from Benzinga Insights

May 01, 2024 | 3:16 pm

IYG

MA

XLF

Mastercard Inc. (NYSE: MA) reported a 10% year-over-year increase in fiscal first-quarter net revenues, reaching $6.35 billion and surpassing consensus estimates. Adjusted EPS grew 18% to $3.31, also beating expectations. The company saw growth across payment network revenues, value-added services, and cross-border volumes. Operating expenses rose by 5%, with adjusted operating expenses up 9% on a currency-neutral basis. Mastercard repurchased 4.4 million shares for $2.0 billion and paid $616 million in dividends. For Q2, Mastercard anticipates high-single-digit net revenue growth, and for fiscal 2024, low-double-digit growth. Mastercard shares are down 1.35% at $445.11. The company's performance can also impact SPDR Select Sector Fund – Financial (NYSE: XLF) and iShares U.S. Financial Services ETF (NYSE: IYG).

Portfolio Pulse from Anusuya Lahiri

May 01, 2024 | 3:16 pm