Streetbeat News

Equity Actions

HOG

Harley-Davidson has announced an additional share repurchase authorization, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 5:08 pm

AMD

NVDA

SOXL

The Direxion Daily Semiconductor Bull 3X Shares (SOXL) ETF, which includes stocks such as NVIDIA Corporation (NVDA) and Advanced Micro Devices, Inc (AMD), is showing a possible bull flag pattern, suggesting a potential rise. The ETF retraced almost 4% on lower-than-average volume, which may confirm the pattern. However, Direxion’s leveraged funds are designed for short-term traders and shouldn’t be held for a long period of time.

Portfolio Pulse from Melanie Schaffer

September 06, 2023 | 5:05 pm

BABA

FANG

UBER

CNBC's Halftime Report discussed final trades involving Uber Technologies, Alibaba Group, and Diamondback Energy.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 5:00 pm

BSX

Boston Scientific Inc.'s stock (NYSE:BSX) has increased by 4.88% over the past month and by 25.38% over the past year. The company's P/E ratio of 88.83 is higher than the Health Care Equipment & Supplies industry average of 72.65, which could indicate that the stock is overvalued. However, the P/E ratio should not be used in isolation for investment decisions, as other factors such as industry trends and business cycles can also impact a company's stock price.

Portfolio Pulse from Benzinga Insights

September 06, 2023 | 5:00 pm

HSBC

HSBC has announced a partnership with WPB to expand its U.S. equity coverage, according to an internal memo seen by Reuters. This move is part of HSBC's strategy to enhance its global research team.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 4:54 pm

ADYYF

ENV

FIS

PYPL

The Fintech as a Service (FaaS) industry is projected to grow from $260.7 billion in 2022 to $995.9 billion in 2032, while the Crypto Asset Management Market is expected to increase from $1.1 billion in 2023 to $3.1 billion by 2028. This growth is driven by high consumer demand for online and mobile banking services, and the evolution of asset management with rising investments in crypto funds. Companies mentioned in the FaaS space include Adyen, Block Inc, Envestnet Inc, Fidelity National Information Services Inc, Fiserv Inc, Mastercard Inc, Paypal Holdings Inc, and Dwolla.

Portfolio Pulse from Khyathi Dalal

September 06, 2023 | 4:44 pm

MSFT

NVDA

Microsoft-backed startup D-Matrix is set to compete with Nvidia in the AI market. D-Matrix recently raised $110 million in a Series B funding round, led by Temasek and supported by Playground Global and Microsoft. The startup's unique selling proposition is its tailored chips, optimized for generative AI applications. Microsoft is actively considering the startup's chip for its ventures. D-Matrix projects a revenue of under $10 million this year, with an anticipated annual revenue of $70 to $75 million within two years.

Portfolio Pulse from AJ Fabino

September 06, 2023 | 4:30 pm

EZGO

EZGO has announced the pricing of a $10 million registered direct offering, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 4:18 pm

PANW

A significant amount of unusual options activity has been observed for Palo Alto Networks (NASDAQ:PANW), with a mix of bullish and bearish stances. Whales have been targeting a price range from $185.0 to $300.0 for the company over the last 3 months. The company's stock price is currently down by 0.31% at $244.3. Several financial institutions have maintained their positive ratings on Palo Alto Networks, with price targets ranging from $259 to $304.

Portfolio Pulse from Benzinga Insights

September 06, 2023 | 4:16 pm

AKTS

AMC

EZGO

FOXO

MRIN

PALI

U.S. stocks traded lower with the Dow Jones falling around 200 points. The ISM services PMI rose to 54.5 in August, indicating the strongest growth in the services activity in six months. Palisade Bio, FOXO Technologies, and Marin Software saw their shares rise due to various positive developments. However, EZGO Technologies, Akoustis Technologies, and AMC Entertainment saw their shares drop due to negative news.

Portfolio Pulse from Lisa Levin

September 06, 2023 | 4:05 pm