Streetbeat News

Stock Prices

MA

A significant bearish stance on Mastercard (NYSE:MA) has been observed through unusual options activity. The sentiment among big-money traders is split between 40% bullish and 60% bearish. Whales have been targeting a price range from $400.0 to $425.0 for Mastercard over the last 3 months. JP Morgan maintains an Overweight rating on Mastercard with a price target of $510, while Mizuho downgraded its action to Buy with a price target of $435.

Portfolio Pulse from Benzinga Insights

September 07, 2023 | 6:32 pm

COST

A significant number of investors have taken a bullish stance on Costco Wholesale (NASDAQ:COST), with 63% of recent unusual options trades being bullish and 36% bearish. The trades have targeted a price range of $250.0 to $740.0 for Costco over the last 3 months. The current price of COST is up 0.41% at $548.91. Telsey Advisory Group and Stifel have downgraded their actions to Outperform and Buy respectively, both with a price target of $575. Evercore ISI Group has maintained their Outperform rating with a price target of $595.

Portfolio Pulse from Benzinga Insights

September 07, 2023 | 6:32 pm

AREB

PALI

SAIC

SASI

SPWH

WHLR

YEXT

U.S. stocks traded mixed with Dow Jones gaining and NASDAQ falling. Science Applications International Corp (SAIC) reported upbeat Q2 results and raised revenue guidance. Sigma Additive Solutions (SASI) and Wheeler Real Estate Investment Trust (WHLR) saw shares rise due to acquisition plans and redemption forms respectively. American Rebel Holdings (AREB) gained due to increased demand for its safes. Palisade Bio (PALI), Sportsman's Warehouse Holdings (SPWH), and Yext (YEXT) saw shares drop due to direct offering, poor Q2 earnings, and mixed Q2 results respectively.

Portfolio Pulse from Lisa Levin

September 07, 2023 | 6:30 pm

ABNB

Airbnb's upcoming inclusion in the S&P 500 Index has led to a 6% increase in its stock price. Despite trading $5 below its IPO price, the stock has seen a 62% year-to-date increase. The company's official inclusion in the S&P 500 is set for September 18, which could lead to potential volatility and opportunities for investors.

Portfolio Pulse from Zaheer Anwari

September 07, 2023 | 6:28 pm

AGX

Argan Inc. reported better-than-expected Q2 results, leading to a rise in its share prices.

Portfolio Pulse from Bill Haddad

September 07, 2023 | 6:28 pm

BASE

Couchbase reported better-than-expected Q2 results, leading to a rise in its share prices.

Portfolio Pulse from Bill Haddad

September 07, 2023 | 6:25 pm

AMAT

Applied Materials, Inc. (NASDAQ:AMAT) shares dropped by 3.7% due to tech sector weakness, rate hike concerns, and China's iPhone crackdown. China's move to ban iPhones in certain sectors could disrupt the supply chain for companies like Apple and other semiconductor manufacturers, potentially leading to delays or reductions in orders for semiconductor manufacturing equipment, including those provided by Applied Materials.

Portfolio Pulse from Henry Khederian

September 07, 2023 | 6:21 pm

TSM

Shares of Taiwan Semiconductor Mfg. Co. Ltd. (NASDAQ:TSM) have fallen by approximately 2.9% due to concerns over rate hikes and China's crackdown on iPhones. TSMC, a key supplier for Apple, could face revenue impacts if the ban on iPhones in critical Chinese government sectors affects Apple's sales and product demand in China.

Portfolio Pulse from Henry Khederian

September 07, 2023 | 6:19 pm

TMUS

T-Mobile Us Inc (NASDAQ:TMUS) announced the initiation of a dividend growth model and a $19 billion shareholder return program, which will run up to 2024. The program includes $3.75 billion per quarter, with about $750 million reserved for dividends. The company also plans to earmark about $3 billion per quarter for stock buybacks. The news boosted T-Mobile's stock during Thursday’s trading session.

Portfolio Pulse from AJ Fabino

September 07, 2023 | 6:18 pm

AMD

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) are trading lower by 2.2% amid tech sector weakness, fueled by rate hike concerns and China's iPhone crackdown. The ban on iPhones within certain government and state-owned entities in China could lead to disruptions in the supply chain for semiconductor companies like AMD, potentially affecting their production and sales.

Portfolio Pulse from Henry Khederian

September 07, 2023 | 6:17 pm