Streetbeat News

Stock Prices

CAT

Unusual options activity has been observed for Caterpillar (NYSE:CAT), with a large position indicating a bullish stance. The sentiment among these big-money traders is split between 60% bullish and 39% bearish. The targeted price range for Caterpillar over the last 3 months is from $270.0 to $310.0. Major financial institutions including Wells Fargo, JP Morgan, Goldman Sachs, B of A Securities, and Credit Suisse have maintained their positive ratings on Caterpillar, with price targets ranging from $285 to $334.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 2:46 pm

PYPL

A whale investor has taken a bullish stance on PayPal Holdings (NASDAQ:PYPL), with 60% of the investors opening trades with bullish expectations and 40% with bearish. The whale has been targeting a price range from $60.0 to $90.0 for PayPal Holdings over the last 3 months. The price of PYPL is up 1.22% at $62.42. Several financial institutions have maintained their positive ratings on PayPal, with price targets ranging from $77 to $126.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 2:46 pm

AI

A significant bullish stance has been taken on C3.ai (NYSE:AI) as evidenced by unusual options activity. The overall sentiment of these big-money traders is split between 63% bullish and 36% bearish. The whales have been targeting a price range from $25.0 to $42.5 for C3.ai over the last 3 months. The price of AI is up 5.03% at $30.69, with RSI indicators hinting that the stock may be oversold. The next earnings are expected to be released in 8 days.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 2:46 pm

GBTC

The US federal appeals court has ruled that the SEC was wrong to reject Grayscale's spot bitcoin ETF application, leading to a rise in the trading of Grayscale Bitcoin Trust.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 2:45 pm

ADI

Analog Devices (NASDAQ:ADI) has announced a quarterly dividend of 86 cents per share. The ex-dividend date is Friday, meaning the stock will likely open 86 cents lower to reflect the payout. Shareholders who own ADI as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on September 14, 2023.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 2:45 pm

BSET

DXLG

SPWH

VIPS

WSM

Benzinga Insights has identified several value stocks in the consumer cyclical sector, including Destination XL Group (DXLG), Williams-Sonoma (WSM), Vipshop Holdings (VIPS), Sportsman's Warehouse (SPWH), and Bassett Furniture Indus (BSET). These companies have low P/E multiples, indicating they may be undervalued. However, the risk with value stocks is that they may not rebound from their undervalued position.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 2:44 pm

SPY

US job openings fell to a 28-month low in July, indicating a cooling labor market due to the Federal Reserve's monetary policy tightening. Consumer confidence also dropped to its lowest level in 16 months. The dollar and Treasury yields fell, while stocks, including the SPDR S&P 500 ETF Trust (NYSE:SPY), rallied.

Portfolio Pulse from Piero Cingari

August 29, 2023 | 2:44 pm

F

Ford Pro, the commercial division of Ford Motor Company, has launched charging solutions for commercial customers transitioning their fleets to electric. The new Series 2 AC Charging Station 80 amp and expanded DC Fast Charger options are designed for commercial vehicles. The integrated solution simplifies EV charging for both Ford and non-Ford vehicles. The Series 2 charger is now available for pre-order.

Portfolio Pulse from Nabaparna Bhattacharya

August 29, 2023 | 2:44 pm

IMMR

JKS

KOSS

MNDO

VSH

The article lists five value stocks in the technology sector, including Vishay Intertechnology (VSH), JinkoSolar Holding Co (JKS), MIND C.T.I. (MNDO), Immersion (IMMR), and Koss (KOSS). The companies' P/E ratios, earnings per share, and dividend yields are discussed. The risk of investing in value stocks is that they may never rebound from their undervalued position.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 2:41 pm

HE

Hawaiian Electric Industries, Inc. (NYSE:HE) shares are trading lower by 5.4% following a response to a lawsuit filed by the County of Maui regarding the fires on August 8. The company's shares had gained on Monday after the response was released, but otherwise fell sharply last week after the lawsuit was filed. The company also suspended its dividend.

Portfolio Pulse from Henry Khederian

August 29, 2023 | 2:41 pm