Streetbeat News

Stock Prices

AMD

Advanced Micro Devices (AMD) shares are up following a Buy rating initiation and a $125 price target from Roth MKM. The positive movement is also attributed to overall market strength driven by optimistic Consumer Price Index (CPI) data.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 5:31 pm

AIRTP

AREB

BWEN

CTRM

FREY

IPDN

KRT

NCNC

SHPW

SPPL

VINO

XOS

In Tuesday's intraday session, several industrial stocks experienced significant movements. Xos, FREYR Battery, Shapeways Holdings, Simpple, Professional Diversity, and Karat Packaging saw their shares rise following their Q3 earnings reports. Conversely, noco-noco, American Rebel Holdings, Broadwind, Gaucho Group Holdings, Castor Maritime, and Air T saw their stock prices fall. The movements were accompanied by notable changes in trading volumes compared to their average full-day volumes over the last 100 days.

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 5:31 pm

AIRG

APLD

ATGL

CCSI

CYN

INTZ

NABL

PRSO

RTC

TIO

VUZI

WETG

In Tuesday's intraday session, several IT stocks experienced significant movements. Airgain, Cyngn, Alpha Technology Group, Peraso, Consensus Cloud Solutions, and Tingo Group saw their shares rise, with recent Q3 earnings reports influencing some of these gains. Conversely, Vuzix, Applied Digital, WeTrade Group, Intrusion, N-able, and Baijiayun Group faced declines, with some also recently reporting Q3 earnings. Market caps and trading volumes varied, with some stocks experiencing substantial increases in trading activity.

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 5:31 pm

CDNS

Cadence Design Systems (NYSE:CDNS) has seen a 7.75% decrease in short interest, with 2.44 million shares sold short, representing 1.19% of available shares. The average time to cover these short positions is 1.6 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Compared to its peers, CDNS has a lower short interest as a percentage of float, with the peer group average at 3.39%.

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 5:30 pm

WDAY

Workday's (NYSE:WDAY) short interest has decreased by 3.93% since the last report, with 3.53 million shares sold short, representing 1.71% of available shares. The average time to cover these short positions is 2.8 days. A decrease in short interest can indicate a more bullish sentiment towards the stock, although it does not guarantee a price rise. Workday has less short interest compared to its peer group average of 3.37%.

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 5:30 pm

ICE

Intercontinental Exchange (NYSE:ICE) has seen a 4.55% decrease in short interest since the last report, with 3.54 million shares sold short, representing 0.63% of available shares. The trading volume suggests it would take 1.4 days to cover short positions. A decrease in short interest can indicate a more bullish sentiment towards the stock. Compared to its peers, ICE has a lower short interest as a percentage of float (0.63% vs. peer average of 2.82%).

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 5:30 pm

CSIQ

Canadian Solar Inc (NASDAQ:CSIQ) reported a decline in Q3 FY23 revenue by 4.5% year-on-year to $1.85 billion, missing consensus estimates of $2.03 billion. The company saw a decrease in project sales and average selling price of modules, though module shipments increased. Gross profit and operating income also fell, with EPS dropping significantly from the previous quarter and year. Despite a decrease in operating cash flow, Canadian Solar has a $2.6 billion e-STORAGE contracted backlog and is making strategic investments in facilities to serve U.S. customers. The Q4 outlook is below consensus estimates, and shares fell 3.53% to $20.23.

Portfolio Pulse from Akanksha Bakshi

November 14, 2023 | 5:27 pm

DIA

GDX

IWM

QQQ

SPY

TAN

TLT

UUP

The October CPI report showed a decrease in the annual inflation rate to 3.2%, below expectations, and a drop in core inflation to 4%, signaling easing inflationary pressures. Financial analysts believe this could lead to a pause in the Fed's rate hikes, potentially avoiding further rate increases in December. Markets reacted positively, with a rally in stocks and a drop in the U.S. dollar and Treasury yields. The Invesco DB USD Index Bullish Fund ETF (UUP) saw a 1.1% decline, while the iShares 20+ Year Treasury Bond ETF (TLT) surged by 2.3%. Stock ETFs like SPDR S&P 500 ETF Trust (SPY), Dow Jones Industrial Average ETF (DIA), Invesco QQQ Trust (QQQ), and iShares Russell 2000 ETF (IWM) experienced significant gains. The VanEck Gold Miners ETF (GDX) and Invesco Solar ETF (TAN) were among the best-performing industries.

Portfolio Pulse from Piero Cingari

November 14, 2023 | 5:27 pm

DIS

Walt Disney Co (NYSE:DIS) stock is trading higher by 1.8% to $91.06, driven by overall market strength after softer-than-expected October CPI figures and the company's announcement of stronger-than-anticipated Q4 adjusted EPS. Disney's Q4 revenue was $21.24 billion, up 5% YoY, with EPS at 82 cents, surpassing the expected 70 cents. Growth was noted in Entertainment and Experiences, while Sports remained unchanged. CEO Bob Iger highlighted the progress made over the past year.

Portfolio Pulse from Henry Khederian

November 14, 2023 | 5:27 pm

AMZN

C3.ai Inc (NYSE:AI) stock is trading higher after announcing an expanded collaboration with Amazon Web Services (AWS), a subsidiary of Amazon.com Inc (NASDAQ:AMZN). The partnership aims to deliver AI solutions to assist customers in overcoming business challenges by combining C3.ai's software with AWS's capabilities. The C3 Generative AI Suite, C3 AI Platform, and C3 AI applications will all operate on AWS, with a focus on efficient onboarding and integrated solutions for organizational efficiency and quick user onboarding.

Portfolio Pulse from Adam Eckert

November 14, 2023 | 5:23 pm