Streetbeat News

Stock Prices

ADBE

Whales are showing a bullish stance on Adobe (NASDAQ:ADBE) with significant options activity. Analysts have set an average price target of $619, with some as high as $675. The stock is currently trading at $515.29, slightly down, and may be approaching oversold territory.

Portfolio Pulse from Benzinga Insights

September 30, 2024 | 4:15 pm

PANW

Palo Alto Networks (NASDAQ:PANW) has seen significant bullish options activity, with 52% of trades being bullish. The stock is currently trading at $340.38, up 1.38%. Analysts have set an average price target of $420.0, with Susquehanna maintaining a Positive rating.

Portfolio Pulse from Benzinga Insights

September 30, 2024 | 4:15 pm

NFPDF

NSFCF

Nissin Foods is diversifying its market presence by acquiring Australian frozen dumpling maker ABC Pastry for $23.3 million. This move aims to reduce reliance on China and Hong Kong, tapping into Australia's growing Asian population. Nissin's Hong Kong shares rose 2.24% following the announcement.

Portfolio Pulse from The Bamboo Works

September 30, 2024 | 4:15 pm

ZJK

The trading halt for an IPO security has been updated, and it is now released for quotation as of 12:15 PM ET.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 4:15 pm

EIS

ISRA

The Israeli military has announced the destruction of a warehouse containing surface-to-air missiles near Lebanon's international airport. This action could have geopolitical implications, potentially affecting regional stability and related markets.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 4:14 pm

IHRT

IHeartMedia shares are rising due to a report that the FCC has approved the transfer of radio station licenses, enabling Audacy to emerge from bankruptcy.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 4:14 pm

FXI

JD

KWEB

JD.com Inc (NASDAQ:JD) shares have surged 27% over the past week due to strong hopes for increased economic stimulus from the Chinese government and better-than-expected economic data. The People's Bank of China has implemented aggressive monetary easing measures, including a 50 basis point cut in the reserve requirement ratio, injecting significant liquidity into the financial system. This has fueled optimism among investors, benefiting JD.com and other Chinese stocks.

Portfolio Pulse from Henry Khederian

September 30, 2024 | 4:09 pm

CAVA

Hunterbrook Media has posted a critical investigation on X about CAVA Group, Inc., highlighting issues such as poor sanitation grades, use of seed oils, and positive Listeria swabs from the FDA. These concerns are linked to the company's rapid expansion.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 4:05 pm

BDRY

XTN

A potential strike by the International Longshoremen's Association (ILA) could freeze activity at major U.S. ports, impacting billions of dollars worth of goods and complicating holiday shopping. The strike could cost the economy $1 billion a day, with President Biden choosing not to intervene. The standoff involves demands for a significant pay raise and concerns over labor-saving technology. ETFs like Breakwave Dry Bulk Shipping ETF (BDRY) and SPDR S&P Transportation ETF (XTN) could be affected.

Portfolio Pulse from Anthony Noto

September 30, 2024 | 4:04 pm

SPY

USO

Yemen's Houthi movement has announced plans to escalate military operations in response to Israeli attacks. This development could impact global markets, particularly in sectors related to energy and defense.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 4:03 pm