Streetbeat News

Analyst Ratings

TSLA

Tesla Inc. (TSLA) shares are rising following strong Q2 delivery numbers, with the company producing 479,700 vehicles and delivering 466,140 vehicles, an increase of over 83% YoY. Goldman Sachs analyst Mark Delaney maintained a Neutral rating on Tesla and increased the 12-month price target from $248 to $275. However, analysts are awaiting margin and profitability data to fully understand the company's performance. Tesla will report Q2 financial results on July 19.

Portfolio Pulse from Adam Eckert

July 03, 2023 | 2:56 pm

HTHT

A 'death cross' has formed on the chart of H World Group (NASDAQ:HTHT), which could indicate a bearish trend for the stock. The death cross occurs when the 50-day moving average moves below the 200-day moving average, suggesting a potential change in the long-term trend. H World Group is currently trading around $40.27. Investors often use this as a signal to start considering possible short positions.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 2:50 pm

CHRW

A 'golden cross' has formed on the chart of C.H. Robinson Worldwide (NASDAQ:CHRW), which could be a bullish sign for the stock. This occurs when the 50-day moving average crosses above the 200-day moving average, indicating a potential upward trend. However, seasoned investors use this as a signal to start considering long positions based on other factors, such as price levels and company fundamentals.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 2:50 pm

ABR

AXR

HT

REFI

SACH

Benzinga Insights has identified five notable value stocks in the real estate sector: Chicago Atlantic Real (REFI), Arbor Realty Trust (ABR), Amrep (AXR), Sachem Cap (SACH), and Hersha Hospitality (HT). These companies have been selected based on their low P/E multiples, indicating they may be undervalued. Recent earnings and dividend yield changes for each company have also been reported.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 2:49 pm

TSLA

Tesla's (NYSE:TSLA) short percent of float has risen 5.74% since its last report, with 96.48 million shares sold short, which is 3.5% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a stock. However, compared to its peers, Tesla has less short interest as a percentage of float, with an average of 11.02%.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 2:46 pm

TEAM

Atlassian's (NYSE:TEAM) short percent of float has decreased by 6.3% since its last report, with 5.15 million shares sold short, representing 3.87% of all regular shares available for trading. It would take traders 2.4 days on average to cover their short positions. The company's short interest is higher than its peer group average of 3.39%.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 2:46 pm

SNY

Sanofi's (NYSE:SNY) short percent of float has risen 13.33% since its last report, with 4.24 million shares sold short, which is 0.17% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, Sanofi has less short interest as a percentage of float, which is 3.56% on average.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 2:46 pm

BTCY

Biotricity (NASDAQ:BTCY) reported Q4 sales of $2.74 million, up from $2.46 million in Q3, but earnings decreased 3.43% to a loss of $4.67 million. The company posted a Return On Capital Employed (ROCE) of 0.24% in Q4, indicating effective capital allocation. Biotricity's Q4 earnings per share of $-0.08 beat analyst predictions of $-0.09.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 2:45 pm

CCL

Carnival Corp (CCL) shares are trading higher following a better-than-expected earnings report. The company reported quarterly losses of 31 cents per share, beating the analyst consensus estimate of a loss of 34 cents. Sales were $4.91 billion, exceeding the analyst consensus estimate of $4.77 billion by 2.96%. Adjusted FY23 EBITDA is projected to be between $4.10 billion and $4.25 billion. JP Morgan analyst Matthew Boss maintained Carnival with an Overweight and raised its price target from $16 to $18.

Portfolio Pulse from Henry Khederian

July 03, 2023 | 2:39 pm

GOOGL

Unusual options activity has been observed for Alphabet (NASDAQ:GOOGL), with a bearish stance taken by a large investor. Benzinga's options scanner spotted 12 options trades for Alphabet, with 16% bullish and 83% bearish sentiment. The whales have been targeting a price range from $120.0 to $135.0 for Alphabet over the last 3 months. Several financial institutions have given their ratings on Alphabet, with B of A Securities maintaining a Buy rating and a price target of $128, while others have downgraded their actions.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 2:31 pm