Streetbeat News

Stock Prices

Micron Technology's (NYSE:MU) short percent of float has risen 30.86% since its last report, with 24.97 million shares sold short, which is 2.29% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, compared to its peers, Micron Technology has less short interest as a percentage of float (3.62%).

Portfolio Pulse from Benzinga Insights

October 24, 2023 | 2:45 pm

BBWI

GPK

KFS

MPX

TOL

Benzinga Insights has identified several value stocks in the consumer cyclical sector that may be worth watching. These include Marine Prods (MPX), Kingsway Financial Servs (KFS), Toll Brothers (TOL), Graphic Packaging Holding (GPK), and Bath & Body Works (BBWI). The companies have shown various changes in their earnings per share and dividend yields in the recent quarters.

Portfolio Pulse from Benzinga Insights

October 24, 2023 | 2:44 pm

HES

Wells Fargo analyst Roger Read has downgraded Hess (NYSE:HES) from Overweight to Equal-Weight, while raising the price target from $170 to $171.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 2:43 pm

CSIQ

IBEX

KTCC

SCSC

TIO

Benzinga Insights has identified several value stocks in the technology sector that may be worth watching. These include IBEX, Key Tronic, Canadian Solar, ScanSource, and Tingo Group. All these companies have low P/E multiples, indicating they may be undervalued. However, investing in value stocks carries the risk that their value may not increase as expected.

Portfolio Pulse from Benzinga Insights

October 24, 2023 | 2:41 pm

AAPL

AMZN

GOOGL

META

MSFT

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo discusses trade strategies for SPY, QQQ, AAPL, MSFT, GOOGL, TSLA, META, and AMZN. The memo provides price levels for each stock, which are determined by a proprietary formula that takes into account price, volume, and options flow. The memo also highlights the importance of monitoring these stocks for potential breakouts or reversals. Microsoft and Alphabet are set to announce their earnings post-trading today.

Portfolio Pulse from RIPS

October 24, 2023 | 2:39 pm

BBWI

JP Morgan analyst Matthew Boss has downgraded Bath & Body Works (NYSE:BBWI) from Neutral to Underweight and announced a $27 price target.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 2:38 pm

DGX

Quest Diagnostics Incorporated (NYSE:DGX) reported Q3 FY23 adjusted EPS of $2.22, down 5.9% Y/Y, beating the consensus of $2.19. Sales were $2.295 billion, a decline of 7.7% Y/Y, higher than the Wall Street estimate of $2.27 billion. COVID-19 testing revenues slumped 92% to $26 million, while base business revenues improved 4.6% to $2.27 billion. The company raised its FY23 revenue guidance to $9.19 billion-$9.24 billion vs. consensus of $9.18 billion.

Portfolio Pulse from Nabaparna Bhattacharya

October 24, 2023 | 2:38 pm

BTCUSD

COIN

North America, led by the United States and Canada, dominates in cryptocurrency transactions of $1 million or more, accounting for 76.9% of the region's crypto volume and 24.4% of global activity. The region's crypto market amassed an estimated $1.2 trillion in value received on-chain between July 2022 and June 2023. Stablecoins remain the dominant crypto asset, despite a decline in usage since February 2023. Coinbase Inc. CEO Brian Armstrong remains optimistic about the potential of decentralized finance (DeFi), despite a decline in its usage in North America.

Portfolio Pulse from Murtuza Merchant

October 24, 2023 | 2:34 pm

BLK

BTCUSD

Bitcoin's recent price rally is attributed to optimism around Bitcoin ETF approval in the US, statements from influential figures, and technical factors. The US Court's decision to reconsider Grayscale's bid for a Bitcoin ETF has positively impacted Bitcoin's price. The potential approval of Bitcoin ETFs by asset managers like BlackRock and Franklin Templeton could lead to a substantial inflow of capital into the Bitcoin market. However, investing in Bitcoin remains a high-risk, high-reward venture due to its historical volatility and regulatory uncertainties.

Portfolio Pulse from True Trading Group

October 24, 2023 | 2:31 pm

AEP

American Electric Power Inc.'s (AEP) stock price is currently at $74.33, after a 1.33% increase. However, over the past month, the stock decreased by 2.64%, and in the past year, by 15.01%. The company's P/E ratio is lower than the aggregate P/E of the Electric Utilities industry, indicating that the stock might be undervalued. However, a low P/E ratio can also suggest weak growth prospects or financial instability.

Portfolio Pulse from Benzinga Insights

October 24, 2023 | 2:31 pm