Streetbeat News

Stock Prices

CCOI

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

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 4:02 pm

ASUS

DELL

Analyst Ming-Chi Kuo predicts that AI computing power will grow rapidly in the next decade, with Dell and Asus being undervalued beneficiaries. The AI computing power structure will resemble the long-tail effect, with significant contributions from second-tier CSPs/data centers, new cloud service providers, and enterprise customers. Dell and Asus have been actively acquiring AI server orders, with orders of 45,000–50,000 units and 10,000 units respectively, and the orders are still growing.

Portfolio Pulse from Happy Mohamed

August 10, 2023 | 4:01 pm

AMRS

CPRI

DIS

EDBL

GRTX

HLLY

ORGN

U.S. stocks traded higher with the Nasdaq Composite gaining more than 100 points. The Walt Disney Company (NYSE:DIS) reported better-than-expected earnings for its third quarter, while sales missed expectations. Edible Garden AG Incorporated (NASDAQ:EDBL), Capri Holdings Limited (NYSE:CPRI), and Holley Inc. (NYSE:HLLY) reported positive financial results. Galera Therapeutics, Inc. (NASDAQ:GRTX), Amyris, Inc. (NASDAQ:AMRS), and Origin Materials, Inc. (NASDAQ:ORGN) faced negative developments.

Portfolio Pulse from Lisa Levin

August 10, 2023 | 4:01 pm

SPY

USO

YELL

The article discusses several key financial events of the week, including the downgrade of US debt by Fitch from AAA to AA+, the plummeting of Japanese government bonds, the alleged manipulation of S&P 500 earnings, Saudi Arabia's extension of oil production cut, the bankruptcy of shipping company Yellow (NASDAQ:YELL), and the strong employment situation in the US. The downgrade of US debt and the situation in Japan could potentially lead to a sovereign debt disaster. The article also criticizes the White House's refusal to refill the Strategic Petroleum Reserve (SPR), which has led to Saudi Arabia and Russia cutting oil production.

Portfolio Pulse from Gary Brode

August 10, 2023 | 4:01 pm

VTNR

Over the past 3 months, 7 analysts have published their opinion on Vertex Energy (NASDAQ:VTNR) stock. The company has an average price target of $10.93, a decrease of 23.73% from the previous average price target of $14.33. The majority of the ratings are bullish.

Portfolio Pulse from Benzinga Insights

August 10, 2023 | 4:01 pm

Hyatt Hotels (NYSE:H) has received five analyst ratings in the last quarter, with two somewhat bullish and three indifferent. The average price target is $128.0, compared to the current price of $118.35, implying an upside. However, this average has decreased by 0.97% from the previous average price target of $129.25.

Portfolio Pulse from Benzinga Insights

August 10, 2023 | 4:01 pm

CYBR

CyberArk Software reported better-than-expected Q2 financial results and issued Q3 and FY23 adjusted EPS guidance above estimates, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 4:00 pm

MRUS

Merus (NASDAQ:MRUS) has received 10 bullish analyst ratings in the last quarter, with an average 12-month price target of $44.1, a decrease of 4.65% from the previous average price target of $46.25.

Portfolio Pulse from Benzinga Insights

August 10, 2023 | 4:00 pm

USB

U.S. Bancorp's (NYSE:USB) short percent of float has fallen 3.72% since its last report, with 40.25 million shares sold short, which is 2.59% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards the stock. However, U.S. Bancorp's short interest as a percentage of float is higher than its peer group average of 0.82%.

Portfolio Pulse from Benzinga Insights

August 10, 2023 | 4:00 pm

MTD

Mettler-Toledo Intl (NYSE:MTD) has outperformed the market over the past 15 years, producing an average annual return of 17.76%. If an investor had bought $1000 of MTD stock 15 years ago, it would be worth $11,662.80 today.

Portfolio Pulse from Benzinga Insights

August 10, 2023 | 4:00 pm