Streetbeat News

Stock Prices

CXM

Sprinklr's stock is trading higher following the announcement of a $100 million stock buyback program and the reaffirmation of its Q4 and FY24 guidance. Additionally, Trac Pham has been appointed as the interim COO.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 3:36 pm

SIDU

Sidus Space Inc (NASDAQ:SIDU) stock dropped 5.2% to $11.04, likely due to profit-taking after a previous session's gain. The decline follows the company's announcement that it received a Tier 1 remote sensing license from NOAA, enabling advanced imaging on its upcoming LizzieSat satellite. This license allows Sidus to collect and distribute high-quality data for various applications. Despite the drop, the news reflects positively on Sidus Space's capabilities and future prospects.

Portfolio Pulse from Henry Khederian

January 04, 2024 | 3:33 pm

GPN

Global Payments (NYSE:GPN) has delivered an average annual return of 14.03% over the past 15 years, outperforming the market. A $1000 investment in GPN 15 years ago would be worth $7,223.39 today. The company's current market capitalization stands at $33.13 billion.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 3:31 pm

SHOP

Over the past 15 years, Shopify (NYSE:SHOP) has produced an average annual return of 16.54%, outperforming the market. A $1000 investment in SHOP 15 years ago would be worth $10,147.02 today. The company's current market capitalization stands at $91.84 billion.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 3:30 pm

SPY

UNG

The latest report on USA Natural Gas Storage showed a decrease of 14 billion cubic feet, compared to the estimated decrease of 40 billion cubic feet and the prior decrease of 87 billion cubic feet. This indicates a smaller-than-expected drawdown in natural gas inventories.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 3:30 pm

RIGL

HC Wainwright & Co. analyst Joseph Pantginis has reiterated a Buy rating on Rigel Pharmaceuticals (NASDAQ:RIGL) and maintained a $15 price target on the stock.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 3:27 pm

WBA

Walgreens Boots Alliance Inc (WBA) reported Q1 FY24 sales of $36.7 billion, a 10% increase year-over-year, surpassing expectations. Adjusted operating income fell 33% to $687 million, and adjusted EPS dropped 43.1% to $0.66, still beating estimates. Comparable sales in U.S. retail pharmacy rose 8.1%, but total prescriptions filled remained flat. WBA cut its quarterly dividend by 48% to $0.25 per share. The company reaffirmed its FY24 adjusted EPS guidance of $3.20-$3.50, with U.S. Healthcare adjusted EBITDA expected to break even. WBA shares fell 9.80% to $23.07.

Portfolio Pulse from Vandana Singh

January 04, 2024 | 3:27 pm

SPOT

Traders are circulating news that Investor Business Daily's SwingTrader has purchased shares of Spotify Technology (SPOT). This could indicate a positive sentiment among traders and potentially influence the stock's short-term performance.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 3:25 pm

BTCUSD

ETHUSD

SOLUSD

Bitcoin and other cryptocurrencies have seen a stabilization after a sharp decline in liquidations, with total liquidations dropping from $652 million to $175 million in 24 hours. Bitcoin, Ethereum, and Solana experienced significant liquidations, but the market is showing signs of recovery. Analysts warn of continued uncertainty and advise caution, with some traders taking profits and others waiting for a potential Bitcoin ETF approval. Bitcoin's price was up 3.6% to $43,969, but trading volume decreased by 8.6%.

Portfolio Pulse from Khyathi Dalal

January 04, 2024 | 3:21 pm

AAPL

AMD

AMZN

BABA

CALM

META

MSFT

TSLA

Cryptocurrencies Bitcoin, Ethereum, and Dogecoin experienced a crash with $600M in long positions liquidated. In US markets, Cal-Maine reported disappointing Q2 results, and the Fear & Greed Index moved to 'Greed' zone while the Nasdaq fell for the fourth consecutive day. AMD is anticipated to have a 25% upside potential due to 'GenAI'. Microsoft is adding a Copilot key to PCs and laptops. Alibaba faces challenges with a 75% share drop from its 2020 high. Meta's Mark Zuckerberg continues selling shares. Amazon may face competition from TikTok's US e-commerce expansion. Apple settles an iTunes gift card scam lawsuit. US chip stocks fall after a record-breaking 2023. In the EV sector, Tesla's stock dropped by 4%, and Ford adjusted F-150 Lightning prices. Crane Co. acquired Vian Enterprises for $103M, enhancing its aerospace segment. SpaceX faced labor issues, and copper prices are predicted to rise due to renewable energy transitions.

Portfolio Pulse from Akanksha Bakshi

January 04, 2024 | 3:17 pm