Streetbeat News

Stock Prices

MSFT

QQQ

SPY

TSLA

The 'Magnificent Seven' tech stocks lost over $250 billion in market value due to a sell-off triggered by higher-than-expected inflation data. Microsoft, Apple, Alphabet, Amazon, Meta Platforms, NVIDIA, and Tesla saw significant losses, with Microsoft and Tesla being the most affected. The inflation report led to a market reset, dimming hopes for Federal Reserve rate cuts and causing the S&P 500 and Nasdaq 100 to drop significantly.

Portfolio Pulse from Piero Cingari

February 13, 2024 | 8:58 pm

ARM

NVDA

SMCI

Retail investors on Reddit's r/WallStreetBets are focusing on chip stocks, particularly Nvidia Corporation (NVDA), Arm Holdings Plc (ARM), and Super Micro Computer, Inc. (SMCI), due to their potential in AI technologies. Nvidia remains a favorite with significant gains over the past year and high expectations for its upcoming earnings report. Arm Holdings, after a substantial rise, is seen as an affordable alternative to Nvidia. Super Micro Computer is under scrutiny for its recent gains and high short interest.

Portfolio Pulse from Erica Kollmann

February 13, 2024 | 8:57 pm

ADT

AENT

BALY

Shares of companies in the consumer discretionary sector, including ADT, AENT, BALY, and others, are trading lower due to January CPI data indicating a higher-than-expected inflation rise.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 8:52 pm

AA

BHP

CENX

MT

MUX

NUE

PKX

RS

SCCO

STLD

Shares of metals companies are trading lower due to a rise in the US dollar following January inflation data. The uncertainty around rate cuts could also affect the demand outlook for metals.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 8:52 pm

BBY

CRMT

HD

Shares of retail and apparel companies including BBY, BIRK, CRMT, CVNA, EXPR, FND, HD, KMX, PLCE, RH, SNBR, TBLT, VFC, VSCO, and W are trading lower following January CPI data indicating a higher-than-expected inflation rise.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 8:50 pm

ROKU

Roku shares are trading lower after reports emerged that Walmart is in discussions to acquire Vizio, potentially impacting Roku's market position.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 8:49 pm

UGA

USO

Oil prices rose due to concerns over supply disruptions following Iran's ballistic missile test and OPEC's raised economic forecasts. Nymex WTI and Brent crude saw increases, as did the United States Oil Fund (USO) and United States Gasoline Fund (UGA) ETFs. Iran's missile test in the Gulf of Oman raised concerns over potential impacts on oil shipping. Meanwhile, high demand and tighter supply have pushed U.S. gasoline prices up, with wholesale gasoline prices reaching their highest level since late September.

Portfolio Pulse from Neil Dennis

February 13, 2024 | 8:49 pm

VZIO

WMT

VIZIO shares have seen an increase after a Wall Street Journal report indicated that Walmart is negotiating to acquire the company for over $2 billion.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 8:47 pm

APTV

CPS

EVGO

F

FOXF

LCID

NIO

PSNY

PSNYW

RACE

RIVN

TSLA

VFS

Shares of automobile, EV, and auto part manufacturers are down following January CPI data indicating a higher-than-expected inflation rise.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 8:46 pm

BA

CAT

DE

Shares of companies in the industrial sector are down due to a higher-than-expected rise in January inflation data, affecting investor sentiment and stock prices.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 8:38 pm