Streetbeat News

Stock Prices

DOGEUSD

Dogecoin's price has risen 5.81% to $0.07 in the past 24 hours, continuing its positive trend over the past week with a 9.0% gain. The coin's trading volume has climbed 76.0% over the past week, moving in tandem with the overall circulating supply of the coin, which has increased 0.24%. The current market cap ranking for DOGE is #9 at $9.46 billion.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 7:00 pm

RS

Reliance Steel & Aluminum (NYSE:RS) has outperformed the market over the past 15 years, producing an average annual return of 11.81%. If an investor had bought $100 of RS stock 15 years ago, it would be worth $540.58 today.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 7:00 pm

CRM

Salesforce (NYSE:CRM) is set to release its quarterly earnings report on August 30, 2023. Analysts estimate an EPS of $1.76. Last quarter, the company beat EPS by $0.08, which led to a 4.69% drop in the share price the next day. Shares of Salesforce were trading at $211.72 as of August 28, with a 35.73% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 7:00 pm

ETHUSD

Ethereum's price rose 5.3% to $1,736.96 in the past 24 hours, continuing its positive trend over the past week with a 6.0% gain. The trading volume for the coin has climbed 101.0% over the past week, while the overall circulating supply has decreased 0.18% to 120.22 million. Ethereum's current market cap ranking is #2 at $208.96 billion.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 7:00 pm

AEHL

AXLA

BIG

GNS

JOAN

LFVN

SJM

US stocks traded higher with the Dow Jones gaining around 250 points. The J. M. Smucker Company reported better-than-expected earnings for its first quarter, despite a sales decline of 4% YoY. Axcella Health shares shot up 287% after being granted a patent for long COVID fatigue treatment. Big Lots shares rose 25% following better-than-expected quarterly results. LifeVantage shares were up 18% after posting fourth-quarter results and declaring a special one-time cash dividend. JOANN shares dropped 10% following weak quarterly earnings. Shares of Genius Group were down 21% after jumping 57% on Monday. Antelope Enterprise Holdings was down, falling 13%.

Portfolio Pulse from Lisa Levin

August 29, 2023 | 6:50 pm

AAPL

NVDA

Wedbush analyst Dan Ives predicts a massive tech rally led by Nvidia and Apple. Despite Nvidia's stock closing flat after a strong report, Ives believes the stock will rise significantly due to unprecedented growth. He also expects a 12% to 15% rally into year's end and anticipates the momentum will continue in 2024. Ives also highlights Apple, expecting the next iPhone cycle to be underestimated by the Street. At publication time, Nvidia shares were up 4.26% and Apple shares were up 1.94%.

Portfolio Pulse from Adam Eckert

August 29, 2023 | 6:48 pm

CCL

A significant bearish stance has been taken on Carnival (NYSE:CCL) by a large investor, as indicated by a large position in the publicly available options history. Benzinga's options scanner spotted 11 options trades for Carnival, with an overall sentiment of 27% bullish and 72% bearish. Whales have been targeting a price range from $10.0 to $19.0 for Carnival over the last 3 months. The price of CCL is currently up 2.5% at $16.1.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 6:47 pm

CVS

A large investor has taken a bearish stance on CVS Health (NYSE:CVS), as indicated by a significant position in the company's options. The overall sentiment of these big-money traders is split between 40% bullish and 60% bearish. The whales have been targeting a price range from $62.5 to $70.0 for CVS Health over the last 3 months.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 6:46 pm

NAT

B. Riley Securities analyst Liam Burke reiterated a Buy rating on Nordic American Tankers Limited (NYSE:NAT), raising the price target to $6 from $5.50. The company's Q2 FY23 revenue was $67.80 million, missing the consensus of $68.32 million. EPS improved to $0.13 from a loss per share of $(0.02) in Q2 FY22, also missing the consensus of $0.14. The company's Suezmax fleet benefited from the EU ban on Russian oil and production cut from Saudi Arabia, and is expected to benefit from increased production out of Guyana.

Portfolio Pulse from Nabaparna Bhattacharya

August 29, 2023 | 6:43 pm

AVGO

VMW

BMO Capital Markets analyst Ambrish Srivastava reiterated an Outperform rating on Broadcom Inc. (NASDAQ:AVGO) with a price target of $890. The company is expected to release its Q3 results on August 31, 2023. Srivastava expects Broadcom to report revenues of $8.85 billion and EPS of $10.35. The analyst also expects an update on the generative AI opportunity and forecasts Q3 gross margin to be 75%. An update on Vmware, Inc. (NYSE: VMW) is also expected during the results.

Portfolio Pulse from Nabaparna Bhattacharya

August 29, 2023 | 6:39 pm