Streetbeat News

Stock Prices

PLTR

Palantir Technologies Inc (NYSE:PLTR) shares have been volatile after trending lower over the past week. The company held its AIPCon last week, showcasing its Artificial Intelligence Platform (AIP) and announcing new partnerships. Despite a 3% fall since the event, Palantir shares are up more than 135% year-to-date. The recent pullback is likely due to a broader cooldown in AI-related stocks.

Portfolio Pulse from Adam Eckert

September 20, 2023 | 4:33 pm

FDX

UPS

FedEx Corp (FDX) is benefiting from United Parcel Service Inc’s (UPS) costly labor dispute, with its shares climbing nearly 61% over the past year. FedEx is expected to issue first-quarter earnings of $3.74 per share on revenues of $21.81 billion. Despite estimates pointing to a drop in sales, the company is expected to report an 8% year-over-year rise in adjusted EPS. FedEx's dividends also offer potential monthly income for investors.

Portfolio Pulse from AJ Fabino

September 20, 2023 | 4:33 pm

AQST

Aquestive Therapeutics has reaffirmed its timeline and pathway for Anaphylm Sublingual Film, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 4:32 pm

NKLA

Nikola Corporation's stock is down despite recent announcements including the expansion of its dealer and service network into Canada, the appointment of a new COO, and the upcoming launch of its new FCEVs. The stock has been volatile in September, gaining over 70% in the last five days. There is significant short interest in Nikola stock with 18.5% of available shares being sold short.

Portfolio Pulse from Erica Kollmann

September 20, 2023 | 4:31 pm

SQQQ

ProShares UltraPro Short QQQ ETF (SQQQ) shares are trading higher by 0.8% to $18.72 ahead of the Federal Reserve's decision on interest rates. The ETF is primarily used for short-term trading and market timing strategies. Investors may expect the Fed to signal that it is willing to keep raising interest rates until inflation is under control, which could lead to a sell-off in stocks and a rise in SQQQ.

Portfolio Pulse from Henry Khederian

September 20, 2023 | 4:29 pm

AMZN

CART

DASH

UBER

WMT

Bernie McTernan at Needham & Company initiated coverage on Instacart (NASDAQ:CART) with a 'Hold' rating, citing concerns about the company's growth trajectory and the competitive landscape of the online grocery sector. McTernan sees a balanced risk-reward scenario for the stock, reflecting a forecasted growth slowdown after the pandemic's surge in demand. He also highlighted the intensifying competition from Uber Technologies (NYSE:UBER), DoorDash, Inc (NYSE:DASH), WalMart Inc (NYSE:WMT), and Amazon.com, Inc (NASDAQ:AMZN).

Portfolio Pulse from AJ Fabino

September 20, 2023 | 4:28 pm

APLS

Apellis Pharmaceuticals has seen a significant increase in call options for November 17 at $55, with 1186 contracts at $4.0, compared to an open interest of 238. The company is expected to release its earnings report on November 6.

Portfolio Pulse from Charles Gross

September 20, 2023 | 4:27 pm

SEZL

Sezzle reported its total income for August, following which its shares are trading lower.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 4:26 pm

AAPL

Apple's stock surged by 2% following the release of iOS 17 and the announcement of the iPhone 15. The new iOS features, including Live Voicemail, have been well received, but concerns about battery life and device overheating have been raised. The stock price is currently fluctuating between $171 and $198, indicating a consolidation phase. The upcoming release of the iPhone 15 adds an element of intrigue, with investors eagerly awaiting its impact on the stock price.

Portfolio Pulse from Zaheer Anwari

September 20, 2023 | 4:25 pm

CCLD

CareCloud has provided a financial and operational update and reaffirmed its FY23 revenue guidance. This has led to an increase in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 4:22 pm