Streetbeat News

Assets

SPY

Core Durable Goods Orders for June increased by 0.6%, beating the expectation of 0.0%.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 12:31 pm

DIA

IWM

QQQ

SPY

The US GDP for Q2 has outperformed estimates, coming in at 2.4% compared to the estimated 1.8%.

Portfolio Pulse from Bill Haddad

July 27, 2023 | 12:30 pm

SPY

Core Durable Goods Orders for June increased by 4.7%, significantly higher than the expected 1.0% and the prior 1.7%.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 12:30 pm

CRH

NGVT

PKG

SEE

The article lists five materials stocks that are considered overbought and could potentially negatively impact portfolios. The stocks are CRH plc, Ingevity Corporation, Packaging Corporation of America, Sealed Air Corporation, and Reliance Steel & Aluminum Co. The overbought status is determined by the Relative Strength Index (RSI), which is above 70 for all these stocks.

Portfolio Pulse from Lisa Levin

July 27, 2023 | 12:26 pm

AAPL

COIN

GOOGL

HON

MCD

Investor sentiment declines after the Fed raises interest rates by 0.25%. McDonald's, Meta Platforms, and three other stocks are highlighted as ones to watch. Ark Invest continues to sell shares of Warren Buffett-backed BYD and trims Coinbase holdings. Crypto regulations are closer than ever as the US House panel approves two bills. Apple's iPhone 15 Pro Max may have a $1,299 price tag. Google's early lead puts Alphabet ahead of Microsoft in the AI race. European automakers are forming partnerships in China to conquer the booming EV market. Honeywell is likely to report higher Q2 earnings.

Portfolio Pulse from Akanksha Bakshi

July 27, 2023 | 12:17 pm

CAN

SDIG

Stronghold Digital Mining, Inc. (NASDAQ:SDIG) has purchased 2,000 new A1346 Bitcoin miners from Canaan Inc. (NASDAQ:CAN) for a total price of $3 million. The miners are expected to be delivered in Q3 2023 for use at Stronghold's Panther Creek Facility. Stronghold has also expanded its existing hosting agreement with Cantaloupe Digital LLC, a subsidiary of Canaan, with the addition of 2,000 A1346 miners.

Portfolio Pulse from Happy Mohamed

July 27, 2023 | 12:15 pm

BCLI

COSM

PTGX

SHCR

XAIR

The article lists the top 5 oversold health care stocks, which are Sharecare, Inc. (SHCR), Brainstorm Cell Therapeutics Inc. (BCLI), Cosmos Health Inc. (COSM), Beyond Air, Inc. (XAIR), and Protagonist Therapeutics, Inc. (PTGX). These stocks are considered oversold as their Relative Strength Index (RSI) is near or below 30. The companies have recently reported various financial results and offerings.

Portfolio Pulse from Lisa Levin

July 27, 2023 | 11:46 am

AGLE

Aeglea BioTherapeutics has agreed to sell the global rights to Pegzilarginase, a treatment for the rare metabolic disease Arginase 1 Deficiency, to Immedica Pharma for $15M upfront and up to $100M in contingent milestone payments. This sale supersedes the previous license agreement between Aeglea and Immedica.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 11:18 am

TSCO

Tractor Supply Company (TSCO) has announced a new long-term target of 3,000 stores in the US, with plans to increase annual new store openings to 90 per year.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 10:57 am

EEMA

EWU

EZU

FLAX

SPY

On July 26, the Federal Reserve increased interest rates by 25 basis points, leading to mixed results in the U.S. markets. The Dow Jones Industrial Average closed higher, while the S&P 500 and the Nasdaq Composite closed lower. Asian and European markets showed mixed results as well. The U.S. Dollar Index was down 0.22% to 100.67.

Portfolio Pulse from Akanksha Bakshi

July 27, 2023 | 10:26 am