Streetbeat News

Stock Prices

VRM

Shares of Vroom Inc (NASDAQ:VRM) are trading higher by 7% amid the approaching UAW strike deadline. A strike could disrupt new vehicle production, potentially driving used car prices higher and benefiting VRM. The odds of a United Auto Workers strike are over 90%, according to Evercore ISI analyst Chris McNally.

Portfolio Pulse from Henry Khederian

September 14, 2023 | 7:49 pm

LMT

A significant bullish stance on Lockheed Martin (NYSE:LMT) has been observed, with a large position appearing in publicly available options history. Benzinga's options scanner spotted 11 uncommon options trades for Lockheed Martin, with 72% bullish and 27% bearish sentiment. Whales have been targeting a price range from $415.0 to $480.0 for Lockheed Martin over the last 3 months. The price of LMT is up 0.98% at $425.13, with next earnings expected in 33 days.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 7:48 pm

COIN

Shares of Coinbase Global, Inc. (NASDAQ:COIN) are trading higher amid a rise in the price of Bitcoin. The price of Bitcoin has risen over 3% during the past five days, positively impacting Coinbase's stock. Prior to this, the cryptoasset's price had dropped, hitting a one-month low and dragging Coinbase's shares down with it.

Portfolio Pulse from Ryan Gustafson

September 14, 2023 | 7:47 pm

AMZN

Morgan Stanley analyst Brian Nowak has given an Overweight rating to Amazon.Com Inc (NASDAQ:AMZN) with a price target of $175. He predicts a 20% - 60% stock price upside due to efficiency improvements. Nowak expects Amazon to remain disciplined and ROI-focused on forward investment in core and emerging projects. He believes that the path to $5+ of EPS will likely come from efficiency in three main areas.

Portfolio Pulse from Anusuya Lahiri

September 14, 2023 | 7:35 pm

ARM

NVDA

SFTBY

Arm Holdings PLC (ARM) has launched its IPO at a valuation of $54.5 billion, with shares trading at around $60. SoftBank Group Corp (SFTBY), which bought Arm in 2016 for $32 billion, retains 90% of its holdings. SoftBank's founder, Masayoshi Son, emphasized Arm's role in the AI revolution and sees significant AI applications benefiting from Arm and other AI tech players. Arm's designs play a vital role in Nvidia's (NVDA) AI-powered chips.

Portfolio Pulse from AJ Fabino

September 14, 2023 | 7:33 pm

MPC

A significant bearish stance has been taken on Marathon Petroleum (NYSE:MPC) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 36% bullish and 63% bearish. The whales have been targeting a price range from $115.0 to $170.0 for Marathon Petroleum over the last 3 months. The price of MPC is up 0.65% at $156.5, with RSI indicators suggesting the stock may be overbought.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 7:31 pm

WDAY

Workday (NASDAQ:WDAY) has outperformed the market over the past 10 years by 1.66% on an annualized basis, producing an average annual return of 11.71%. If an investor had bought $100 of WDAY stock 10 years ago, it would be worth $314.20 today.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 7:30 pm

NVO

Novo Nordisk (NYSE:NVO) has outperformed the market over the past 10 years, producing an average annual return of 18.98%. An investment of $1000 in NVO stock 10 years ago would be worth $5,712.53 today.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 7:30 pm

TSLA

Tesla Inc (NASDAQ:TSLA) is expanding its Tesla Electric business, which allows users of Tesla Powerwall to buy and sell electricity. The company has applied to become a 'market customer' with the Australian Energy Market Operator, potentially preparing to launch Tesla Electric in Australia. Currently, Tesla Electric is only available in Texas, but plans are in place for expansion to other areas, including the UK. The expansion could help diversify Tesla's business and justify increased valuations for other segments.

Portfolio Pulse from Chris Katje

September 14, 2023 | 7:25 pm

MRNA

Moderna, Inc.'s shares are trading higher after the EMA Committee for Medicinal Products for Human Use recommended authorization of the company's updated COVID-19 vaccine, Spikevax, in the EU. The next step is for the European Commission to make an authorization decision for the use of the vaccine for autumn/winter 2023. The positive recommendation coincides with rising COVID cases in the US, which has also caused vaccine stocks to rise in recent weeks.

Portfolio Pulse from Ryan Gustafson

September 14, 2023 | 7:21 pm