Streetbeat News

Stock Prices

GWRE

Guidewire Software (NYSE:GWRE) has seen a decrease in short interest, with the short percent of float falling 11.46% to 2.86% of all shares available for trading. This indicates a reduction in bearish sentiment among traders. The company's short interest is below its peer group average of 4.86%, suggesting a relatively more bullish outlook compared to its peers. Short interest is a key indicator of market sentiment, and a decrease can signal increasing bullishness among investors.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 1:45 pm

BMWYY

Bayerische Motoren Werke AG (OTC:BMWYY), also known as BMW Group, reported a 1.1% year-over-year increase in vehicle deliveries in Q1, totaling 594,671 vehicles. Notably, deliveries of fully-electric vehicles surged by 27.9% to 82,700 units. The company saw strong growth in Europe and the high-end premium segment, although Rolls-Royce deliveries fell by 7.0%. BMW Group's electrified vehicle sales also rose by 11.0%. The company expects a slight increase in automotive deliveries in 2024, with significant growth in fully-electric vehicles and high-end premium models.

Portfolio Pulse from Lekha Gupta

April 10, 2024 | 1:44 pm

CF Industries' stock price is trading lower following a downgrade by B of A Securities from Buy to Neutral, with a reduced price target from $96 to $88.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 1:31 pm

INTC

TSM

Industry sources suggest Intel could enhance its position in the foundry business, posing a potential threat to TSMC's dominance, as reported by DigiTimes.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 1:31 pm

GOOG

GOOGL

Wedbush analysts are optimistic about Alphabet Inc.'s (GOOG, GOOGL) advancements in AI, highlighted by the unveiling of new products and partnerships at the Google Cloud Next event. The firm maintains an 'Outperform' rating with a target price of $175, citing Google's generative AI stack, custom chips like Axion, and the Gemini 1.5 Pro model as key growth drivers. Despite a short-term dip in share price, Wedbush sees a potential 15% rally in tech stocks in 2024, with Google playing a pivotal role.

Portfolio Pulse from Rounak Jain

April 10, 2024 | 1:31 pm

GFI

PAAS

Shares of precious metals stocks, including AG, GFI, and PAAS, are trading lower due to a decline in gold and silver prices following hotter-than-expected March inflation data.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 1:30 pm

DECK

Deckers Outdoor's stock (DECK) trades lower following a downgrade by Truist Securities from Buy to Hold, with a reduced price target from $983 to $864.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 1:29 pm

CFCV

CIBR

DGIN

FTXL

INFY

INTC

Intel Corporation (INTC) shares are trading lower in the premarket session on Wednesday after expanding its collaboration with Infosys Limited (INFY) to accelerate global enterprises' AI journeys. The partnership will integrate Intel's advanced AI solutions, including Xeon processors and Gaudi accelerators, into Infosys Topaz, enhancing businesses' efficiency and performance. The collaboration also includes upskilling Infosys' workforce with Intel's AI training resources. INTC and INFY stocks have shown significant gains over the past year, and exposure to these stocks can be gained through specific ETFs like CFCV, CIBR, DGIN, and FTXL.

Portfolio Pulse from Nabaparna Bhattacharya

April 10, 2024 | 1:19 pm

NIO

NIO Inc (NYSE:NIO) shares rose 7.78% on Tuesday, influenced by broader China strength and productive talks between U.S. Treasury Secretary Janet Yellen and Chinese officials. New data showed a 35.3% year-over-year increase in China's new energy vehicle sales in March. Nio's FY23 revenue growth was 7.3%, with future performance potentially impacted by macroeconomic factors. Shares were down 2.12% at $4.61 at the time of publication.

Portfolio Pulse from Adam Eckert

April 10, 2024 | 1:19 pm

CLF

MDT

REPX

WCC

Jim Cramer recommended buying Medtronic (MDT), Riley Exploration Permian (REPX), and WESCO International (WCC) on CNBC's 'Mad Money Lightning Round.' Medtronic's Evolut FX+ TAVR system received FDA approval, Riley Permian announced a public offering, and Wesco completed a sale of its Wesco Integrated Supply business. Cramer also mentioned buying Cleveland-Cliffs (CLF) under $20, despite Wolfe Research's downgrade.

Portfolio Pulse from Avi Kapoor

April 10, 2024 | 1:18 pm