Streetbeat News

Stock Prices

ADBE

Adobe (NASDAQ:ADBE) is evaluated against its peers in the software industry, showing mixed signals. Its P/E ratio of 50.43 is below the industry average, suggesting undervaluation, while its P/B ratio of 16.43 is also lower than the average. However, its P/S ratio of 14.1 is above the industry average, indicating potential overvaluation. Adobe's ROE is below the industry average, and its revenue growth is significantly lower than peers, but it has a strong EBITDA and gross profit. Adobe's lower debt-to-equity ratio compared to its top 4 peers suggests a stronger financial position.

Portfolio Pulse from Benzinga Insights

December 21, 2023 | 4:00 pm

NKE

NIKE, Inc. (NYSE:NKE) is expected to report Q2 earnings of 84 cents per share, slightly down from 85 cents per year ago, with revenues estimated at $13.43 billion. The company recently increased its quarterly dividend by 9%. Ahead of the earnings call, analysts have revised their ratings and price targets for NKE, with most maintaining a positive outlook but with varied price target adjustments. NKE shares dropped 1% to close at $121.43 on Wednesday.

Portfolio Pulse from Avi Kapoor

December 21, 2023 | 3:59 pm

AAPL

AMZN

GLD

GOOG

META

MSFT

NVDA

QQQ

SLV

SPY

TSLA

USO

The SPDR S&P 500 ETF Trust (SPY) experienced a sell-off below the resistance zone's low band, attributed to a surprise in market mechanics involving 0DTE options and unhedged puts by market makers, exacerbated by a weak Treasury auction. The sell-off occurred before the expected Santa Claus rally. Initial jobless claims were lower than expected, and Q3 GDP was slightly below consensus, indicating a strong economy. Positive early trade money flows were seen in major tech stocks and ETFs. The Arora Report emphasizes the importance of understanding market mechanics and offers exclusive insights through its Arora Ambassador Club.

Portfolio Pulse from The Arora Report

December 21, 2023 | 3:58 pm

DIS

James P. Gorman, CEO of Morgan Stanley, appeared live on CNBC to discuss the board of Disney.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 3:53 pm

BTCUSD

Matrixport predicts Bitcoin (BTC) could soar above $50,000 by January 2024 if the U.S. SEC approves spot Bitcoin ETFs. The prediction is based on historical price surges related to significant Bitcoin events, such as the CME Group's launch of Bitcoin futures in 2017. Matrixport also notes a potential breakout before the end of the year, citing historical December trends and a marketing blitz by ETF applicants. The firm expresses cautious optimism, expecting a price increase if the ETFs are approved.

Portfolio Pulse from Murtuza Merchant

December 21, 2023 | 3:52 pm

LUV

Southwest Airlines Co (NYSE:LUV) stock is trading higher after announcing a tentative agreement with the Southwest Airlines Pilots Association (SWAPA). The agreement, which will be voted on by nearly 11,000 pilots, is not expected to affect the company's Q4 guidance. Southwest maintains its forecast for operating expenses per available seat mile, excluding certain expenses, to be down 16% to 19% year-over-year. The agreement includes industry-leading pay rates for pilots and quality-of-life enhancements without impacting the previously stated financial guidance.

Portfolio Pulse from Adam Eckert

December 21, 2023 | 3:50 pm

SFWL

Shengfeng Development Limited (SFWL) shares have resumed trading after being halted due to a circuit breaker trigger. The halt was likely a response to a significant price movement or volatility in the stock.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 3:47 pm

POL

Polished Inc. (AMEX:POL) shares experienced a significant drop of 45% on Thursday after an unusual surge of 600% on Wednesday. The spike occurred without any company-specific news, and the stock has become a focal point for retail investors and short-sellers, with a high short interest of 11.89%. The trading volume exceeded the 100-day average, indicating heightened investor attention.

Portfolio Pulse from Erica Kollmann

December 21, 2023 | 3:47 pm

HPQ

HP Inc.'s (NYSE:HPQ) short interest has decreased by 8.7% since the last report, with 10.90 million shares sold short, representing 1.26% of available shares. The average time to cover these short positions is 1.18 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. HP has a lower short interest compared to its peer group average of 6.86%.

Portfolio Pulse from Benzinga Insights

December 21, 2023 | 3:45 pm

APH

Amphenol Corporation (NYSE:APH) has seen a decrease in short interest, with the current level at 6.63 million shares or 1.27% of float, down 3.05% since the last report. The average time to cover these short positions is 2.84 days. Short interest is a measure of market sentiment, and a decrease may indicate a more bullish outlook from investors. Amphenol's short interest is below its peer group average of 3.73%.

Portfolio Pulse from Benzinga Insights

December 21, 2023 | 3:45 pm