Streetbeat News

Stock Prices

EWBC

Over the past 3 months, 4 analysts have published their opinion on East West Bancorp (NASDAQ:EWBC) stock. The average price target is $59.75, implying an upside from the current price of $51.15. The average price target has increased by 2.58% over the past month.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 6:00 pm

CHTR

Charter Communications (NASDAQ:CHTR) has outperformed the market over the past 10 years by 1.54% on an annualized basis, producing an average annual return of 11.12%. If an investor had bought $100 of CHTR stock 10 years ago, it would be worth $288.56 today.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 6:00 pm

Regions Finl (NYSE:RF) has received various analyst ratings in the last quarter, with 2 bullish, 3 somewhat bullish, and 3 indifferent. The average price target is $21.94, indicating an upside from the current price of $16.74. This average has increased by 1.57% from the previous target of $21.60.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 6:00 pm

SQQQ

ProShares UltraPro Short QQQ ETF (SQQQ) shares are trading higher by 1.1% to $21.34 during Wednesday's session due to rising Treasury yields and oil prices. SQQQ is designed for short-term trading and market timing strategies, and can benefit from a decline in the stock prices of tech-related firms when interest rates rise.

Portfolio Pulse from Henry Khederian

September 27, 2023 | 5:58 pm

TQQQ

ProShares UltraPro QQQ (TQQQ) shares are trading lower due to rising Treasury yields and oil prices. The ETF tracks the NASDAQ-100 Index, which is heavily weighted towards the technology sector. Rising Treasury yields can lead to higher borrowing costs for corporations, negatively impacting their profitability and leading to lower stock prices. Technology stocks are often sensitive to changes in interest rates, which can reduce the present value of future earnings.

Portfolio Pulse from Henry Khederian

September 27, 2023 | 5:54 pm

RIO

A significant bearish stance has been taken on Rio Tinto (NYSE:RIO) by a large investor, as observed in the unusual options activity. The overall sentiment of these big-money traders is split between 40% bullish and 60% bearish. The whales have been targeting a price range from $52.5 to $70.0 for Rio Tinto over the last 3 months. The price of RIO is currently down -0.23% at $61.87.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 5:46 pm

SYK

A significant bearish stance has been taken on Stryker (NYSE:SYK) as evidenced by unusual options activity. The overall sentiment of these big-money traders is split between 36% bullish and 63% bearish. The price of SYK is down -3.46% at $264.1. B of A Securities upgraded its action to Buy with a price target of $315.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 5:46 pm

MSOS

Senate Majority Leader Chuck Schumer has pledged to bring the bipartisan banking bill, which could benefit the cannabis industry, to the Senate floor soon. This news initially caused a surge in cannabis stocks, but they have since leveled off. The AdvisorShares Pure US Cannabis ETF (NYSE:MSOS) is down 0.99% at $8.01. However, several GOP senators have vowed to oppose the legislation, citing concerns about liberalizing drug laws and compromising the integrity of the US banking system.

Portfolio Pulse from Maureen Meehan

September 27, 2023 | 5:40 pm

ABL

ACIC

BHFAM

BRP

FIHL

GOCO

HCI

KINS

MCY

MRAI

OXBR

PLMR

Insurance stocks showed mixed performance in Wednesday's intraday session. Marpai, American Coastal, Abacus Life, Palomar Hldgs, Fidelis Insurance Hldgs, and GoHealth were the gainers, while Oxbridge Re Holdings, Kingstone Companies, BRP Group, Mercury General, HCI Group, and Brighthouse Finl were the losers.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 5:40 pm

BAC

BLK

COF

UPST

WFC

The article reports on the options activity of nine financial stocks in today's session. The stocks include Citigroup (C), Morgan Stanley (MS), Wells Fargo (WFC), BlackRock (BLK), Goldman Sachs (GS), Bank of America (BAC), Capital One Financial (COF), Upstart Holdings (UPST), and XP Inc. (XP). The article provides details on the type of options activity (put/call), trade type, sentiment, expiration date, strike price, total trade price, open interest, and volume for each stock.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 5:35 pm