Streetbeat News

Stock Prices

VRT

Recent options trading trends for Vertiv Holdings (VRT) show a bearish stance by significant investors, with 65% of detected trades being bearish. The trading activity suggests a target price range of $55 to $100 for VRT in the next three months. Notable options activity includes both bullish and bearish sentiments, with significant trades highlighted. Vertiv Holdings, a company offering solutions for data centers and communication networks, is currently trading at $80.02, down 2.18%, with an anticipated earnings release in 14 days. Analyst ratings in the last month have an average target price of $91.6 for VRT.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 3:30 pm

SPSC

SPS Commerce (NASDAQ:SPSC) has significantly outperformed the market with an average annual return of 24.03% over the past 15 years, turning a $100 investment into $2,528.24 today. The company now has a market capitalization of $6.38 billion.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 3:30 pm

HLT

Hilton Worldwide Holdings (NYSE:HLT) has delivered an average annual return of 18.89% over the past 5 years, outperforming the market by 6.78%. A $100 investment in HLT 5 years ago would be worth $237.50 today. Hilton's market capitalization stands at $52.16 billion.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 3:30 pm

F

Ford shares are trading lower due to overall market weakness following the release of March inflation data. Additionally, Ford announced a recall of 42,652 vehicles, which may also be contributing to the stock's decline.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 3:29 pm

PSA

Public Storage's stock trades lower following the pricing of its public offering of senior notes and an increase in Treasury yields due to higher-than-expected March inflation data.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 3:28 pm

IWM

SPY

XLRE

The March Consumer Price Index report showed inflation rates higher than expected, affecting investor expectations for Federal Reserve rate cuts and impacting stock and bond markets. The SPDR S&P 500 ETF Trust (SPY), iShares Russell 2000 ETF (IWM), and Real Estate Select Sector SPDR Fund (XLRE) experienced declines in response. Economists and market experts provided varied reactions, highlighting the challenges for the Fed and potential impacts on the economy and financial markets.

Portfolio Pulse from Piero Cingari

April 10, 2024 | 3:26 pm

DIS

Argus Research analyst Joseph Bonner maintains a Buy rating on Walt Disney (NYSE:DIS) and raises the price target from $125 to $140, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 3:25 pm

GBTC

IBIT

Bitcoin ETF outflows decreased to $19.48 million, with Grayscale's GBTC experiencing a $154 million outflow and BlackRock's IBIT seeing a $128 million inflow. Hong Kong is preparing to launch Bitcoin spot ETFs, with an announcement expected on April 15. Meanwhile, VanEck expressed concerns over the uncertain approval timeline for a US-based Ethereum ETF, highlighting the lack of response from the SEC.

Portfolio Pulse from Murtuza Merchant

April 10, 2024 | 3:22 pm

TSLA

Tesla shares are trading lower following price target reductions by analysts at Jefferies and Piper Sandler.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 3:20 pm

SVNDF

SVNDY

Seven & I Holdings Co., Ltd. is considering a potential listing of its Ito-Yokado segment to focus on expanding its 7-Eleven franchise. The company aims to create a globally integrated CVS management structure and refine its Superstore business for re-growth. This move comes after pressure from ValueAct Capital Management for structural reform and valuation improvement, including potential store closures. Despite a slight decline in net sales, Seven & I reported a 5.5% increase in operating profit in its latest fiscal year. The company also plans share buybacks and a stock split, although its outlook slightly trails analysts' projections.

Portfolio Pulse from Shivani Kumaresan

April 10, 2024 | 3:18 pm