Streetbeat News

Stock Prices

Recent options trading trends for AT&T (NYSE:T) show a predominantly bearish sentiment among investors, with 88% of detected trades being bearish. The trading volume and open interest suggest a price target range of $12.0 to $20.0. Despite this, AT&T's stock is slightly up with a current price of $17.22. Analysts, including one from Wolfe Research, have a more optimistic view, setting an average target price of $21.0 and upgrading the stock to Outperform.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 6:45 pm

Deep-pocketed investors have shown a bearish sentiment towards General Electric (NYSE:GE), with a notable shift in options trading activity. Benzinga's tracking revealed 59 extraordinary options activities, with a bearish majority. The trading range is predicted between $45.0 to $185.0 over the next three months. Current market data shows GE's stock down by -0.51%, trading at $167.1, with potential overbought conditions. The anticipated earnings release is in 43 days.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 6:45 pm

DUO

ELTK

EQT

ETRN

GDS

GNE

LXRX

VTYX

U.S. stocks showed mixed performance with the Dow Jones index rising slightly, while the NASDAQ and S&P 500 fell. Materials shares led gains, while industrials lagged. EQT Corporation announced a merger with Equitrans Midstream Corporation. GDS Holdings, Fangdd Network Group, and Lexicon Pharmaceuticals saw significant stock increases following positive news. Conversely, Eltek, Genie Energy, and Ventyx Biosciences experienced notable declines. Oil prices dipped slightly, while gold and silver saw gains.

Portfolio Pulse from Avi Kapoor

March 11, 2024 | 6:44 pm

SATS

EchoStar shares are trading higher following the disclosure of share purchases by a company director.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 6:42 pm

AAPL

CROX

GOOGL

PFE

SBUX

Redditors at r/ValueInvesting shared their top value stock picks, highlighting Apple Inc (AAPL) for its favorable P/E ratio compared to other tech giants. Alphabet Inc (GOOGL/GOOG), Crocs Inc (CROX), Starbucks Corp (SBUX), and Pfizer Inc (PFE) were also mentioned as undervalued investments based on their current P/E multiples. The discussion reflects a positive sentiment towards these companies, considering them attractive for their growth potential, brand popularity, and valuation.

Portfolio Pulse from Surbhi Jain

March 11, 2024 | 6:42 pm

ETHUSD

The likelihood of an Ethereum ETF being approved by the SEC before a May deadline has significantly decreased, according to Bloomberg analysts Eric Balchunas and James Seyffart. Balchunas now estimates the chances at 35%, a sharp decline from previous optimistic projections. The analysts and Jake Chervinsky, Chief Legal Officer at Variant Fund, cite the absence of positive indicators, the SEC's general stance on cryptocurrency, and political pressures as reasons for their skepticism. Despite the reduced odds, there remains a possibility of approval, albeit slim.

Portfolio Pulse from Murtuza Merchant

March 11, 2024 | 6:33 pm

QQQ

The Nasdaq experienced a decline due to a pullback in tech stocks, indicating a bearish sentiment in the technology sector.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 6:33 pm

WING

Significant options activity has been observed for iShares Fallen Angels High Yield Corp Bond UCITS ETF USD (Dist) (NASDAQ:WING), indicating a mixed sentiment among big-money investors, with 60% bearish and 40% bullish positions. The options trades range between $90.0 to $400.0 strike prices, showing unusual volume and open interest trends. Wingstop, mistakenly associated with the ticker WING, is actually a restaurant operator with a growing global presence. The current market performance of WING shows a slight decrease in price, with analysts providing mixed ratings and target prices ranging from $292 to $410.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 6:30 pm

Whales have shown a bearish stance on Micron Technology (NASDAQ:MU), with 59% of detected trades being bearish and 40% bullish. The trading activity suggests a price target range between $50.0 and $140.0. Micron Technology, a major semiconductor company, is currently trading down by -1.76% at $95.9, with an anticipated earnings release in 9 days. Analysts have given an average target price of $112.5, with mixed ratings from firms like Cantor Fitzgerald, Mizuho, Wells Fargo, and Stifel.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 6:30 pm

COST

Over the past 5 years, Costco Wholesale (NASDAQ:COST) has outperformed the market with an annualized return of 25.05%, growing a $1000 investment to $3,055.17. Costco's market capitalization stands at $319.67 billion.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 6:30 pm