Streetbeat News

Stock Prices

AAPL

Apple Inc's Vision Pro AR headset is set to launch this Friday with pre-order sales indicating strong demand. Analyst Ming-Chi Kuo estimates 160,000 to 180,000 units sold during pre-orders and projects 500,000 units sold this year. Despite a slower uptake compared to iPhones, Apple's supply chain has ramped up production. Wedbush analyst Daniel Ives predicts over 600,000 Vision Pro sales in 2024 and anticipates a growing app ecosystem. Wedbush maintains an Outperform rating on Apple stock with a $250 price target.

Portfolio Pulse from Surbhi Jain

January 30, 2024 | 4:54 pm

ENFN

Enfusion's stock (ENFN) is trading lower following a downgrade by JP Morgan from Neutral to Underweight, accompanied by a reduction in the price target from $11 to $9.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 4:45 pm

AAOI

Applied Optoelectronics (AAOI) shares have risen following Rosenblatt's initiation of coverage with a Buy rating and a $23 price target.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 4:42 pm

DIS

NFLX

Activist investor Nelson Peltz has proposed a plan to improve Disney's performance by bundling ESPN+ with Netflix. This strategy aims to leverage the extensive subscriber base of Netflix to boost ESPN+'s growth and overall value to Disney.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 4:42 pm

DIS

PXLW

Pixelworks, Inc. (PXLW) stock has surged following the announcement of a multi-year agreement with Walt Disney Company (DIS) to bring TrueCut Motion graded titles to select home entertainment devices. The news has resulted in heavy trading volume for Pixelworks, with over 54 million shares traded compared to its 100-day average of less than 177,000 shares. Pixelworks' stock price has increased by 38% to $2.04.

Portfolio Pulse from Erica Kollmann

January 30, 2024 | 4:39 pm

UPS

United Parcel Service Inc. (NYSE:UPS) shares fell sharply after reporting lower-than-expected revenues and future guidance. The company announced a reduction of 12,000 jobs to save costs, with labor contract-related costs exceeding estimates by $500 million. UPS's Q4 revenues were $24.9 billion, down from $27 billion, and full-year sales declined by 9.3% to $90.96 billion. The 2024 revenue forecast is set between $92 billion and $94.5 billion, below analysts' expectations of $95.57 billion, with a projected adjusted operating margin of 10% to 10.6%.

Portfolio Pulse from Piero Cingari

January 30, 2024 | 4:34 pm

PRTA

Prothena Corporation's stock (PRTA) is trading lower following a downgrade by B of A Securities from Buy to Neutral, accompanied by a reduction in the price target from $68 to $38.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 4:32 pm

RNST

Stephens & Co. analyst Matt Olney has maintained an Equal-Weight rating on Renasant (NYSE:RNST) and increased the price target from $36 to $37.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 4:31 pm

BAC

Bank of America's stock (BAC) is trading higher following an upgrade from Morgan Stanley, changing its rating from Equal-Weight to Overweight.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 4:30 pm

MRK

Merck & Co (NYSE:MRK) has seen a 15.49% increase in short interest since the last report, with 20.81 million shares sold short, representing 0.82% of available shares. It would take 2.41 days to cover these short positions. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Merck has less short interest compared to its peer group average of 3.81%.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 4:30 pm