Streetbeat News

Stock Prices

SSD

Simpson Manufacturing Co (NYSE:SSD) has seen a decrease in short interest, now at 2.92% of its float, down 3.31% from the last report. With 820,000 shares sold short, it would take about 4.49 days to cover all short positions. This decline in short interest could indicate a more bullish sentiment towards SSD among investors. Compared to its peers, SSD has a lower short interest percentage, with the average for its peer group at 3.86%.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 7:00 pm

IXN

MSFT

VGT

Analysts from Citigroup and BofA Securities have reiterated their positive outlook on Microsoft Corp (NASDAQ:MSFT), citing strong growth trends in Azure and AI services. Citigroup's analyst Tyler Radke maintained a Buy rating but slightly lowered the price target from $480 to $475, while BofA's Brad Sills expects a healthy upside to revenue estimates, particularly from Azure and M365. Microsoft's strategic emphasis on AI and cloud services is expected to drive strong future performance, with the stock gaining over 40% in the last 12 months. Investors can also gain exposure to Microsoft through IShares Global Tech ETF (NYSE:IXN) and Vanguard Information Tech ETF (NYSE:VGT).

Portfolio Pulse from Anusuya Lahiri

April 18, 2024 | 6:56 pm

XPON

Expion360 shares are trading higher following the announcement of preorders for its Group 27 and GC2 batteries.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 6:56 pm

AGBA

DHI

LAC

NRXP

SPCB

THCH

U.S. stocks traded lower with the NASDAQ down 0.5%. D.R. Horton reported better-than-expected Q2 results. AGBA surged 130% after a merger agreement with Triller. 23andMe rose 41% on private take-over considerations. TH International reported increased Q4 results. SuperCom, Lithium Americas, and NRx Pharmaceuticals saw significant drops after financial announcements.

Portfolio Pulse from Avi Kapoor

April 18, 2024 | 6:54 pm

SPY

VGK

The Pentagon has announced its readiness to respond swiftly if aid for Ukraine is approved, indicating a potential increase in defense spending and support for Ukraine amidst ongoing conflicts. This development could impact related US-listed ETFs such as SPY and VGK, reflecting broader market and European regional responses.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 6:44 pm

PRI

Primerica, Inc. (NYSE:PRI) has issued a statement refuting claims made by a blogger aimed at driving down its stock price, labeling the assertions as false and misleading. The company highlights its long-standing commitment to providing financial services to middle-income families in the U.S. and Canada, its significant insurance coverage, and the trust placed in it by millions of clients managing substantial investment volumes. Primerica emphasizes its adherence to industry standards and regulations, its high client satisfaction and loyalty ratings, and its confidence in the value it offers to clients and stockholders.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 6:38 pm

FOR

Forestar Group's shares are trading lower following the announcement of their Q2 2024 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 6:37 pm

AMZN

Needham analyst Laura Martin reiterated a Buy rating on Amazon.com Inc (NASDAQ:AMZN) with a $205 price target, raising fiscal 2024 profit estimates based on expected cost-cutting and margin expansion. Martin predicts Amazon will lead in the AI revolution with its strategic position in GenAI and development of GenAI chips, expecting it to be one of the top beneficiaries in the digital market's 'winner take most' dynamics.

Portfolio Pulse from Anusuya Lahiri

April 18, 2024 | 6:36 pm

DIS

WBD

The NBA's exclusive negotiating window with Disney and Warner Bros. Discovery for TV rights is set to expire without a deal, opening opportunities for new partners like Amazon, Apple, and Netflix. Despite ongoing discussions, no agreement is expected by the deadline. The NBA seeks to double its previous $24 billion media rights deal, complicating negotiations. Disney and Warner Bros. Discovery, aiming to renew their rights, have also announced a new sports streaming service launching in the fall.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 6:33 pm

MEG

Montrose Environmental Group has announced the pricing of its public offering of 3,000,000 shares at $37.15 each, causing its shares to trade higher.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 6:32 pm