Streetbeat News

Equity Actions

DOW

A significant bullish stance on Dow (NYSE:DOW) has been observed through unusual options activity. The sentiment among these big-money traders is 75% bullish and 25% bearish. The whales have been targeting a price range from $25.0 to $60.0 for Dow over the last 3 months. The price of DOW is up 1.66% at $55.85. Various experts have maintained or downgraded their ratings on Dow, with price targets ranging from $52 to $59.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 2:31 pm

RCL

A significant bearish stance has been taken on Royal Caribbean Gr (NYSE:RCL) by a whale investor. The investor has targeted a price range from $40.0 to $130.0 for Royal Caribbean Gr over the last 3 months. The current price of RCL is up 1.48% at $111.31. Truist Securities and Barclays have maintained their Hold and Overweight ratings on Royal Caribbean Gr respectively.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 2:30 pm

AAL

AAPL

AZN

CVX

DASH

DIS

META

SNY

TSLA

XOM

DoorDash is testing an AI-based chatbot to speed up food ordering. Disney plans to limit premium users of its Disney+ Hotstar streaming service in India to logging in from just four devices. Apple's iPhone shipments fell by 6% in Q2, while Google's Android shipments fell by 38%. American Airlines pilots union reached an agreement with the management on proposed enhancements to the Tentative Agreement. Unilever named Ian Meakins as the new Chairman. Toyota Motor disclosed improved sales and production in June and H1 2023. Research finds limited impact of social media algorithms on political beliefs. Vietnamese automaker VinFast proposes to begin construction on its electric vehicle factory in North Carolina. Toyota divests $1.8B stake in KDDI to focus on EVs. Exxon Mobil and Chevron posted mixed Q2 results. AstraZeneca beat Q2 earnings consensus despite zero COVID-19 vaccine sales. Sanofi reported lower Q2 earnings but lifted 2023 outlook. Colgate-Palmolive and Procter & Gamble reported better than expected Q2 earnings.

Portfolio Pulse from Vandana Singh

July 28, 2023 | 2:24 pm

CNBS

POTX

THCX

TOKE

YOLO

A bipartisan bill titled 'Cannabis Users' Restoration of Eligibility (CURE) Act' has been introduced in Congress, aiming to end the disqualification of federal job applicants or those seeking security clearance due to past or present cannabis use. The bill is backed by several organizations including the Drug Policy Alliance, the Due Process Institute, the Law Enforcement Action Partnership (LEAP), the National Organization for the Reform of Marijuana Laws (NORML), and the US Cannabis Council. The price action of several cannabis-related ETFs is also mentioned.

Portfolio Pulse from Jelena Martinovic

July 28, 2023 | 2:22 pm

CLS

TD Cowen analyst Daniel Chan has upgraded Celestica (NYSE:CLS) from Hold to Buy and raised the price target from $14.5 to $23.

Portfolio Pulse from richadhand@benzinga.com

July 28, 2023 | 2:15 pm

Unilever Plc (NYSE:UL) has appointed Ian Meakins as the new Chairman, succeeding Nils Andersen. Meakins will join the board as Non-Executive Director and Chair Designate on 1 September 2023 and succeed Andersen on 1 December 2023. Andersen will step down from the board at Unilever's Annual General Meeting in May 2024. Meakins is currently chairman of Compass Group PLC and Rexel SA, and formerly served as CEO of Wolseley Plc. The new leadership team will need to repair relations with shareholders and focus on sales growth and margins.

Portfolio Pulse from Vandana Singh

July 28, 2023 | 2:03 pm

TSLA

Ford Motor (NYSE:F) reported Q2 earnings that exceeded Wall Street's estimates and raised its full-year guidance. However, the company's slower-than-expected progress in EV transformation has overshadowed these results. Ford's Q2 revenue was $45 billion, a 12% YoY increase, including a 39% rise in the EV business. The company's net income was $1.92 billion, significantly up from last year's $667 million. Despite these positive results, Ford's EV unit lost $1.08 billion. The company also warned of a greater EV loss, expecting to lose $4.5 billion due to slower adoption.

Portfolio Pulse from Upwallstreet

July 28, 2023 | 2:00 pm

GIS

General Mills Inc.'s (NYSE:GIS) stock price is currently at $75.63, after a 0.84% increase. However, the stock has decreased by 1.40% over the past month and by 0.08% over the past year. The company's P/E ratio of 17.4 is lower than the Food Products industry average of 30.85, which could indicate that the stock is undervalued or that shareholders do not expect the stock to perform well in the future.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 2:00 pm

EKSO

Ekso Bionics Holdings has filed for a stock shelf of up to $5 million, according to a SEC filing.

Portfolio Pulse from Happy Mohamed

July 28, 2023 | 1:32 pm

FSLR

First Solar reported strong Q2 results and announced a $1.1 billion investment in a US manufacturing facility, leading to a rise in its share prices.

Portfolio Pulse from Bill Haddad

July 28, 2023 | 12:48 pm