Streetbeat News

Stock Prices

SPY

Chicago Fed President Goolsbee highlighted the U.S. is navigating through 'cross currents' and emphasized the importance of the Federal Reserve bringing inflation back down to its target. This statement underscores the Fed's ongoing battle against inflation and its implications for monetary policy.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 4:21 pm

PSEC

Prospect Capital (NYSE:PSEC) has seen a decrease in short interest, with 21.98 million shares sold short, representing 7.22% of its float. This is a decline of 5.25% from its last report, indicating a potential shift in market sentiment towards the stock. The current short interest suggests a more bullish outlook compared to its peers, with an average short interest of 2.85% in its peer group.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 4:15 pm

DT

Dynatrace's (NYSE:DT) short interest has decreased by 25.23% since the last report, with 3.97 million shares sold short, representing 1.63% of its float. This decline in short interest could indicate a more bullish sentiment towards DT among traders. Compared to its peers, DT has a lower short interest percentage of float, with an average of 6.06% among its peers, suggesting a relatively positive outlook.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 4:15 pm

ODFL

Old Dominion Freight Line (ODFL) has seen a 6.93% increase in its short percent of float since the last report, with 2.10 million shares sold short, representing 1.08% of all shares available for trading. This increase in short interest indicates a more bearish market sentiment towards ODFL, although it has less short interest compared to its peer group average of 4.65%. The article suggests that while an increase in short interest can signal bearish sentiment, it can also be bullish under certain conditions.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 4:15 pm

JPM

JPMorgan Chase (NYSE:JPM) reported Q1 earnings of $4.44 per share, surpassing the analyst consensus of $3.82, and sales of $42.55 billion, exceeding estimates of $38.53 billion. This represents an 8.29% increase in earnings and an 8.17% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 4:15 pm

F

FTXR

RDIV

Ford Motor Company (NYSE:F) shares fell after the National Highway Traffic Safety Administration (NHTSA) initiated an investigation into the recall of 42,652 Ford SUVs, including 2022 and 2023 Ford Bronco Sport and the 2022 Ford Escape models, due to fuel leak risks that could potentially cause fires. The recall was initially for a software update and drain tube installation, but did not include replacing the cracked fuel injectors, which are the cause of the leaks. Ford plans to incorporate fuel injector leak detection into the engine control software. F stock dropped 2.68% to $12.69. Investors can also gain exposure to F stock through First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) and Invesco S&P Ultra Dividend Revenue ETF (NYSE:RDIV).

Portfolio Pulse from Nabaparna Bhattacharya

April 12, 2024 | 4:13 pm

ROBT

Elon Musk suggested AI as a solution to the U.S.'s $34.65 trillion debt problem, with a cautionary note about its risks. The national debt's growth projections and the potential of disruptive innovation, like AI, to boost GDP growth were highlighted. Cathie Wood of Ark Invest supports the idea that innovation could significantly increase GDP growth rates. Musk, a co-founder of OpenAI, emphasized the need for AI regulation despite its benefits. The First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT) was mentioned with its recent trading performance.

Portfolio Pulse from Shanthi Rexaline

April 12, 2024 | 4:13 pm

DELL

Dell shares are trading lower due to a broader tech sector weakness.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 4:09 pm

TEAM

Atlassian shares are trading lower due to a broader downturn in tech and software stocks. Despite this, Citigroup has maintained a Buy rating on Atlassian but reduced its price target from $280 to $265.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 4:07 pm

MS

Federal regulators, including the SEC, the Office of the Comptroller of the Currency, and the Federal Reserve, are investigating Morgan Stanley's wealth-management division for potential money laundering issues. The probe focuses on the bank's client vetting processes, especially for international clients, and the integration of technology and processes following its acquisition of E*Trade. Morgan Stanley's wealth division, crucial for its revenue, has seen slowed growth. Shares of Morgan Stanley (NYSE:MS) dropped slightly by 0.14% to $86.72.

Portfolio Pulse from Shivani Kumaresan

April 12, 2024 | 4:06 pm