Streetbeat News

Stock Prices

LULU

A significant bearish stance has been taken on Lululemon Athletica (NASDAQ:LULU) by a large investor or institution. This was noticed through publicly available options history. The overall sentiment of these big-money traders is split between 26% bullish and 73% bearish. Whales have been targeting a price range from $280.0 to $390.0 for Lululemon Athletica over the last 3 months. Telsey Advisory Group downgraded its action to Outperform with a price target of $430.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 3:31 pm

SBUX

A 'whale' investor has taken a bullish stance on Starbucks (NASDAQ:SBUX), with 50% of investors opening trades with bullish expectations and 50% with bearish. The total amount for puts is $364,116 and for calls is $165,597. Whales have been targeting a price range from $75.0 to $115.0 for Starbucks over the last 3 months. The price of SBUX is up 1.44% at $98.44. Stephens & Co., Stifel, Barclays, Wedbush, and TD Cowen have all given their ratings and price targets for Starbucks.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 3:31 pm

AMC

GME

NVDA

QQQ

The author, a former hedge fund manager, discusses the changing nature of futures markets and their decreasing predictability. He notes that overnight futures markets are no longer reliable indicators of stock price movements. The author cites the unpredictability of meme stocks like Gamestop (GME) and AMC Entertainment (AMC), and the recent volatility of Nvidia (NVDA) and NASDAQ (QQQ) as examples. He advises focusing on long-term value rather than short-term trading signals.

Portfolio Pulse from Gary Brode

August 29, 2023 | 3:31 pm

WPM

Wheaton Precious Metals (NYSE:WPM) has outperformed the market over the past 5 years by 12.59% on an annualized basis, producing an average annual return of 21.62%. If an investor had bought $1000 of WPM stock 5 years ago, it would be worth $2,539.58 today.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 3:30 pm

SPSC

SPS Commerce (NASDAQ:SPSC) has outperformed the market over the past 10 years by 8.54% on an annualized basis, producing an average annual return of 19.05%. If an investor had bought $100 of SPSC stock 10 years ago, it would be worth $571.70 today.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 3:30 pm

ACLS

AI

AMD

Shares of several tech companies are trading higher due to overall market strength following a drop in Treasury yields from the release of new U.S. economic data.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 3:29 pm

LRCX

Lam Research shares are trading higher due to overall market strength following a drop in Treasury yields from the release of new U.S. economic data.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 3:25 pm

NXPI

NXP Semiconductors shares are trading higher due to overall market strength following a drop in Treasury yields from the release of new U.S. economic data.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 3:25 pm

AMAT

Applied Materials shares are trading higher due to overall market strength following a drop in Treasury yields from the release of new U.S. economic data.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 3:25 pm

TGT

Target shares are trading higher amid overall market strength following a drop in Treasury yields from the release of new U.S. economic data.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 3:25 pm