Streetbeat News

Stock Prices

AEM

BAR

GDX

GLD

GOLD

IAU

NEM

Gold ETFs, including SPDR Gold Shares ETF (GLD), iShares Gold Trust (IAU), and Granite Shares Gold Shares (BAR), have experienced outflows and price declines amid expectations of U.S. interest rate changes. The VanEck Gold Miners ETF (GDX) and its top holdings, Newmont Goldcorp (NEM), Barrick Gold Corp (GOLD), and Agnico Eagle Mines Limited (AEM), have seen significant declines due to rising production costs. The outlook for gold and gold ETFs remains uncertain as investors await clues on U.S. interest rate directions.

Portfolio Pulse from Neil Dennis

February 20, 2024 | 5:39 pm

DAN

Dana Incorporated (NYSE:DAN) shares fell after reporting Q4 sales of $2.494 billion, missing the expected $2.585 billion. The decrease from the previous year's $2.555 billion was attributed to the UAW strike's impact on the Light Vehicle Driveline segment, despite cost-recovery actions and sales backlog conversion. The adjusted loss was $(11) million, or $(0.08) per share, missing the $(0.06) consensus. Adjusted EBITDA was $156 million, down from $176 million in 2022, with efficiency improvements partially offsetting the UAW strike and higher electric vehicle development costs. Free cash flow also decreased to $136 million from $202 million due to higher working capital requirements. Dana's three-year new business backlog has grown to $950 million. For FY24, Dana expects sales of $10.65 billion-$11.15 billion and diluted EPS of $0.35-$0.85, with an adjusted EBITDA of $875 million-$975 million.

Portfolio Pulse from Nabaparna Bhattacharya

February 20, 2024 | 5:38 pm

GFS

INTC

Intel Corp (NASDAQ:INTC) stock rose amid discussions with the U.S. government to secure a record sum under the U.S. Chips Act, aiming to enhance its position in the AI market. The company could receive over $10 billion in loans and grants. Intel is also expanding its manufacturing capabilities, including a significant investment in a new plant in Ireland and a partnership with Brookfield Infrastructure in Arizona. However, analysts predict a first-quarter sales miss due to various challenges. Meanwhile, GlobalFoundries Inc (NASDAQ:GFS) secured $1.5 billion in grants under the same act.

Portfolio Pulse from Anusuya Lahiri

February 20, 2024 | 5:37 pm

DAL

Delta Air Lines Inc (NYSE:DAL) has launched a special flight, Flight 1218, to offer a unique viewing experience of the total solar eclipse on April 8, 2024. The flight, utilizing an Airbus A220-330 with large windows, will travel from Austin, Texas, to Detroit, Michigan, along the eclipse's path of totality. This initiative, marking the first total solar eclipse visible in the U.S. since 2017, has seen high demand, with most tickets already sold out. Delta's innovative approach could lead to additional flights and inspire other airlines to offer similar experiences.

Portfolio Pulse from Chris Katje

February 20, 2024 | 5:37 pm

GOOG

META

NFLX

TMUS

Today's whale alerts in the Communication Services sector highlighted significant options activity for META, GOOG, TMUS, and NFLX. META saw a bearish call option sweep, while GOOG and TMUS experienced bullish call trades. NFLX had a bearish call trade. These activities indicate large investors' expectations and could influence the stocks' short-term movements.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 5:35 pm

ABNB

AMZN

BABA

DASH

HD

TSLA

Today's session highlighted unusual options activity for six consumer discretionary stocks, indicating potential trading opportunities based on whale alerts. These alerts, tracking large transactions, showed a mix of bullish and bearish sentiments across TSLA, AMZN, DASH, BABA, ABNB, and HD. The activities varied from call option sweeps with bearish sentiment on TSLA to bullish put trades on ABNB, each with specific expiration dates, strike prices, and total trade prices.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 5:35 pm

AAPL

ADBE

CLSK

FSLR

MARA

MSFT

NVDA

SMCI

SNOW

WOLF

Today's session highlighted significant options activity in the Information Technology sector, with notable movements in stocks like NVDA, SMCI, MARA, MSFT, AAPL, CLSK, WOLF, SNOW, FSLR, and ADBE. The activity ranged from neutral to bullish and bearish sentiments, indicating diverse investor expectations and strategies. This could signal upcoming volatility or shifts in these stocks, driven by large investors or 'whales' capitalizing on perceived market mispricings.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 5:35 pm

OXY

WES

Western Midstream Partners' shares are experiencing an uptick after reports emerged that Occidental Petroleum is considering selling the company. This news has sparked investor interest, potentially due to the implications of such a sale on Western Midstream's future operations and financial health.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 5:34 pm

BEDU

BFX

CSCW

GCT

GSUN

JOAN

JZXN

QRTEA

TWOU

VZIO

WKHS

YJ

In Tuesday's intraday session, 12 consumer discretionary stocks showed significant movement. Notable gainers included Color Star Tech, Workhorse Gr, Qurate Retail, Jiuzi Hldgs, VIZIO Holding, and Bright Scholar Education, with increases ranging from 12.51% to 22.4%. On the downside, GigaCloud Tech, BowFlex, Golden Sun Health, 2U, Yunji, and JOANN experienced declines between 14.84% and 27.1%.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 5:31 pm

MEDS

MNPR

RAPT

SMMT

In Tuesday's intraday session, several healthcare stocks experienced significant movements. Monopar Therapeutics led the gainers with a 138.8% increase, while RAPT Therapeutics saw the largest decline at 66.2%. Other notable movers include Trxade Health, Biofrontera, Iovance Biotherapeutics, and SeaStar Medical Holding among the gainers, and Summit Therapeutics, Better Therapeutics, Universe Pharmaceuticals, Sientra, and Tenaya Therapeutics among the losers.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 5:31 pm