Streetbeat News

Stock Prices

FERG

Ferguson announced a new corporate structure to transition to a U.S. domicile. This move aims to align the company's headquarters and governance with its operations and leadership, which are primarily based in the U.S.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 11:58 am

HUM

Humana's stock is trading lower following the company's release of a weaker-than-expected adjusted EPS guidance for the year 2023.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 11:57 am

GBTC

Peter Schiff, a gold advocate, agrees with JP Morgan CEO Jamie Dimon's view that Bitcoin has no value. Dimon, speaking at a CNBC event in Switzerland, expressed his intention to stop discussing Bitcoin, which he associates with illegal activities, but acknowledged the validity of blockchain technology. Schiff predicts a decline in Bitcoin's price, citing that sales of Bitcoin and outflows from Grayscale's Bitcoin Trust (GBTC) exceed the inflows from new Bitcoin ETFs. Schiff also expects stringent regulations from SEC Chairman Gary Gensler, which could increase Bitcoin transaction costs and negatively impact its price.

Portfolio Pulse from Mehab Qureshi

January 18, 2024 | 11:56 am

FAST

Fastenal (NASDAQ:FAST) reported Q4 earnings of $0.46 per share, surpassing the consensus estimate of $0.45, a 6.98% increase from the previous year. Sales reached $1.76B, slightly above the $1.75B estimate, marking a 3.66% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 11:52 am

SHOP

Piper Sandler analyst Clarke Jeffries has reiterated an Underweight rating on Shopify (NYSE:SHOP) and maintained a price target of $56. This suggests that the analyst believes Shopify's stock may not perform well in the near future.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 11:49 am

FHN

First Horizon (NYSE:FHN) exceeded Q4 earnings and sales estimates with an EPS of $0.32, surpassing the $0.30 forecast, and sales of $800M, beating the $787.96M estimate. However, this reflects a 37.25% decrease in EPS and a 9.30% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 11:47 am

VFS

VinFast Auto reported a 35% quarter-over-quarter increase in electric vehicle deliveries for Q4, totaling 13,513 EVs. Since its initial deliveries in 2021, the company has delivered 42,291 EVs globally, with 34,855 of those delivered in 2023.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 11:45 am

CLFD

Needham analyst Ryan Koontz has reiterated a Buy rating on Clearfield (NASDAQ:CLFD) and maintained a $40 price target for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 11:44 am

KA

HC Wainwright & Co. analyst Robert Burns has reiterated a Buy rating on Kineta (NASDAQ:KA) and maintained a price target of $8.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 11:40 am

NBBK

PBF

WS

Insiders at PBF Energy, Worthington Steel, and NB Bancorp have made notable stock purchases. A 10% owner of PBF Energy bought shares worth approximately $53.71 million, while a director at Worthington Steel purchased shares valued at around $51,954. A director at NB Bancorp acquired shares for about $139,873. These transactions may indicate confidence in the companies' prospects. However, an analyst recently downgraded PBF Energy from Overweight to Neutral.

Portfolio Pulse from Avi Kapoor

January 18, 2024 | 11:36 am