Streetbeat News

Stock Prices

SPY

Following a speech by Federal Reserve Chairman Jerome Powell, U.S. rate futures have slightly reduced the likelihood of a rate hike in November and December, according to Reuters citing Refinitiv's Fedwatch.

Portfolio Pulse from Happy Mohamed

August 25, 2023 | 2:07 pm

SPY

Federal Reserve Chairman Jerome Powell has indicated that signs of the job market not cooling could warrant further action from the Fed. He also noted that inflation appears to be becoming more responsive to labor markets. Powell projected July's Personal Consumption Expenditures (PCE) at 3.3% and core PCE at 4.3%.

Portfolio Pulse from Happy Mohamed

August 25, 2023 | 2:07 pm

NFLX

Netflix shares are trading higher following an upgrade from Loop Capital, which changed its rating from Hold to Buy and increased its price target from $425 to $500.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 2:06 pm

SPY

Federal Reserve Chairman Jerome Powell has stated that there is substantial further ground to cover to achieve price stability. He emphasized the need for sustained progress on goods inflation and noted that slowing rents indicate a slowdown in housing inflation, which the Fed will continue to monitor.

Portfolio Pulse from Happy Mohamed

August 25, 2023 | 2:06 pm

VFS

Shares of VinFast Auto are experiencing a surge in trading following its recent debut on the Nasdaq.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 2:05 pm

LDWY

Shares of Lendway (LDWY) were halted on a circuit breaker to the downside, but the stock is now up 17.5%.

Portfolio Pulse from Happy Mohamed

August 25, 2023 | 2:04 pm

LDWY

Trading of Lendway (LDWY) shares has resumed.

Portfolio Pulse from Happy Mohamed

August 25, 2023 | 2:02 pm

DIS

A significant amount of unusual options activity has been detected for Walt Disney (NYSE:DIS), with a bearish stance being taken by a majority of investors. Of the 15 strange trades detected, 53% were bearish and 46% were bullish. The total amount for puts was $334,550 and for calls was $536,060. Whales have been targeting a price range from $60.0 to $110.0 for Walt Disney over the last 3 months. The current price of DIS is up 0.93% at $83.24. Several financial institutions have maintained their positive ratings on Walt Disney, with price targets ranging from $102 to $146.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 2:01 pm

ACAX

Shares of Alset Capital Acquisition Corp. (ACAX) were halted on a circuit breaker due to a sharp downside move. However, the stock is now up by 72.3%.

Portfolio Pulse from Happy Mohamed

August 25, 2023 | 2:01 pm

JOAN

JOANN (NASDAQ:JOAN) is set to release its latest quarterly earnings report on Monday, 2023-08-28. Analysts estimate an earnings per share (EPS) of $-1.12. The company's past performance shows a trend of missing EPS estimates and subsequent drops in share price. Shares of JOANN were trading at $1.12 as of August 24, with a 52-week performance showing a decrease of 86.26%.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 2:01 pm