Streetbeat News

Stock Prices

ADBE

GOOGL

PANW

On CNBC's Halftime Report, experts shared their final trades, highlighting Palo Alto Networks, Adobe, and Alphabet as their top picks. These companies are recognized for their strong market positions and potential for growth, making them attractive to investors looking for opportunities.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 6:00 pm

TMUS

Over the past 10 years, T-Mobile US (NASDAQ:TMUS) has produced an average annual return of 17.34%, outperforming the market. A $1000 investment in TMUS a decade ago would be worth $5,016 today. T-Mobile US currently has a market cap of $188.47 billion.

Portfolio Pulse from Benzinga Insights

January 10, 2024 | 6:00 pm

LAES

SEALSQ Corp (NASDAQ:LAES) reported FY23 revenue of $30 million, a 29% increase YOY, surpassing its Q3 outlook. The company introduced a new 'on-Package' chip personalization service with a 4-week lead time. CEO Carlos Moreira highlighted 2024 as a transitional year, with expected revenue slowdown but growth in new areas like cyber trust mark standards and Matter certification. Investments in post-quantum technology are expected to pay off from 2025. Moreira also mentioned SEALCOIN for IoT transactions. The stock surged 30% to $2.08.

Portfolio Pulse from Akanksha Bakshi

January 10, 2024 | 5:58 pm

ACVA

ACV Auctions' stock (ACVA) is experiencing an uptick following an upgrade from Neutral to Buy by Northcoast Research. This positive analyst rating could influence investor sentiment and potentially lead to a short-term increase in the stock's price.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 5:56 pm

GDRX

GoodRx shares have seen an uptick following the announcement of preliminary Q4 and FY23 revenues that surpassed estimates. This positive financial news is likely to influence investor sentiment and the stock's short-term performance.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 5:56 pm

ARKB

The Cboe BZX Exchange has approved the listing of the ARK 21Shares Bitcoin ETF (ARKB), pending the SEC's decision on a spot Bitcoin ETF. Bloomberg ETF analyst Eric Balchunas called this a 'very late step' in the process, suggesting the ETF could list as soon as the day after approval. If the SEC approves on Jan. 10, ARKB could trade from Jan. 11, marking a significant step for cryptocurrency in mainstream markets.

Portfolio Pulse from Murtuza Merchant

January 10, 2024 | 5:52 pm

SATS

EchoStar's subsidiary DISH Wireless has received a $50 million grant from the U.S. Department of Commerce's National Telecommunications and Information Administration, causing EchoStar shares to trade higher.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 5:51 pm

BAC

C

GS

SPY

WFC

XLF

U.S. banks are profiting by borrowing from the Fed's bank term funding program (BTFP) at rates lower than what the Fed pays on reserve deposits. Banks have borrowed $141 billion at rates below 5%, while the Fed pays 5.4% on reserves, creating a 0.4% profit margin. This arbitrage has helped financial sector stocks, including BAC, C, GS, and WFC, outperform the market. However, this practice has a downside for taxpayers, as the Fed's interest payments on reserves exceed its income, leading to a deferred asset of $116.9 billion, which delays Treasury remittances until 2027.

Portfolio Pulse from Piero Cingari

January 10, 2024 | 5:50 pm

WDFC

WD-40 Company (NASDAQ:WDFC) stock is rising after the company reported Q1 earnings of $1.28 per share, surpassing the $1.05 consensus estimate, and sales of $140.42 million, a 12.43% increase year over year. The company also confirmed its FY 2024 outlook with net sales between $570 million and $600 million and EPS between $4.78 and $5.15. The stock traded heavily and set a new 52-week high of $278.78.

Portfolio Pulse from Erica Kollmann

January 10, 2024 | 5:46 pm

AMAT

Smart money investors have shown a bearish stance on Applied Materials (NASDAQ:AMAT) through options trading, as detected by Benzinga's options scanner. There were 13 unusual options trades, with a sentiment split of 23% bullish and 76% bearish. The trades consisted of 5 puts and 8 calls, with a focus on a price band between $110 and $175. The largest trades included bearish calls and a neutral put. Applied Materials is a leading semiconductor equipment manufacturer with key customers like TSMC, Intel, and Samsung. Its stock is currently neutral with an RSI indicator and an earnings announcement expected in 36 days. One analyst from TD Cowen maintains an Outperform rating with a target price of $185.

Portfolio Pulse from Benzinga Insights

January 10, 2024 | 5:46 pm