Streetbeat News

Stock Prices

NFLX

Netflix shares are experiencing an upward trend following Evercore ISI Group's decision to increase its price target from $710 to $750.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 3:27 pm

LUMN

Kerrisdale Capital has announced a short position on Lumen Technologies, expressing skepticism about the company's AI-driven turnaround strategy. The report highlights declining revenues and liquidity concerns, leading to a 10.5% drop in Lumen's stock price. Analysts have mixed ratings, with no positive outlooks.

Portfolio Pulse from Erica Kollmann

August 27, 2024 | 3:26 pm

HBI

Hanesbrands shares are experiencing an uptick following UBS's decision to maintain a Neutral rating while increasing the price target from $5 to $6.5.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 3:17 pm

NVDA

TSM

China's export controls on semiconductor materials like germanium and gallium are impacting global supply chains, affecting companies like Taiwan Semiconductor (TSM) and Nvidia (NVDA). These restrictions are causing cost spikes and potential price increases for AI chips.

Portfolio Pulse from Anusuya Lahiri

August 27, 2024 | 3:15 pm

FWRG

First Watch Restaurant Group (NASDAQ:FWRG) is under pressure due to weak quarterly sales, but Benchmark's analyst Todd Brooks initiated coverage with a Buy rating and a $23 price target. Brooks highlights strong unit economics, potential for store base expansion, and growing brand awareness as key growth drivers.

Portfolio Pulse from Priya Nigam

August 27, 2024 | 3:15 pm

WELL

Welltower's short interest has decreased by 11.81%, with 9.73 million shares sold short, representing 2.09% of its float. This is lower than its peers' average short interest of 6.64%. The decrease in short interest may indicate a more bullish sentiment towards Welltower.

Portfolio Pulse from Benzinga Insights

August 27, 2024 | 3:15 pm

HCA

HCA Healthcare's short interest has increased by 4.41%, with 2.66 million shares sold short, representing 1.42% of its float. This is below the peer group average of 4.35%. The rise in short interest suggests a bearish sentiment, but it doesn't guarantee a price drop.

Portfolio Pulse from Benzinga Insights

August 27, 2024 | 3:15 pm

PKG

Packaging Corp of America's short interest has decreased by 8.22%, with 1.37 million shares sold short, representing 2.01% of its float. This is lower than the peer group average of 4.70%, indicating a relatively bullish sentiment.

Portfolio Pulse from Benzinga Insights

August 27, 2024 | 3:15 pm

SNAP

Snapchat has launched native support for iPads, allowing the app to fill the iPad's full screen. This update enhances accessibility and positions Snapchat to better compete with TikTok, which already supports larger screens. Instagram has yet to release a native iPad app, giving Snapchat a competitive edge.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 3:11 pm

TSLA

XPEV

Xpeng has launched its mass-market Mona M03 electric vehicle, priced under $17,000, with basic driver-assist features. This positions Xpeng as a competitive player in the affordable EV market, challenging Tesla's pricing in China. The Mona M03 uses technology from Didi and BYD's blade battery to reduce costs.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 3:10 pm