Streetbeat News

Stock Prices

BB

BlackBerry Ltd's shares are trading lower by 3.15% to $5.06, following a gain on Friday due to a Bloomberg report suggesting Veritas is considering a takeover offer for BlackBerry. In May, BlackBerry announced plans to review its portfolio and consider strategic alternatives to boost shareholder value, including a possible separation of some companies.

Portfolio Pulse from Henry Khederian

August 28, 2023 | 2:44 pm

WBD

Warner Bros. Discovery Inc (NASDAQ:WBD) shares are trading higher by 3.3% to $12.68, reversing Friday's weakness. The stock fell due to the ongoing SAG-AFTRA and Writers Guild of America (WGA) strikes and the postponement of the release of 'Dune: Part Two'. The strikes are causing disruptions in film, TV and content production at WBD, potentially affecting revenue generation and overall audience satisfaction. The release date for 'Godzilla x Kong: The New Empire' and an animated 'Lord of the Rings' film have also been postponed.

Portfolio Pulse from Henry Khederian

August 28, 2023 | 2:43 pm

NIO

TSLA

XPEV

NIO Inc. shares are down over 8% in the last month due to pressure from competitors Tesla and XPeng in the EV market. Tesla has recently lowered its vehicle prices in China, while XPeng announced a partnership with Didi to boost Smart EV adoption. Nio is set to announce its Q2 financial results on Tuesday, with an expected loss of 36 cents per share and revenue of $1.35 billion.

Portfolio Pulse from Erica Kollmann

August 28, 2023 | 2:40 pm

AXR

CHCI

FOR

FPH

SACH

The article identifies Five Point Holdings (FPH), Comstock Holding Co (CHCI), Forestar Group (FOR), Amrep (AXR), and Sachem Cap (SACH) as notable value stocks in the real estate sector. It also provides their P/E ratios and recent earnings per share data. The article suggests that while value stocks may take time to rebound, they carry the risk that the expected emergence may never materialize.

Portfolio Pulse from Benzinga Insights

August 28, 2023 | 2:39 pm

IDEX

Ideanomics reported a year-over-year decrease in Q2 financial results, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2023 | 2:37 pm

NFLX

A significant bullish stance on Netflix (NASDAQ:NFLX) has been observed through unusual options activity. The sentiment among these big-money traders is split between 60% bullish and 40% bearish. The whales have been targeting a price range from $335.0 to $425.0 for Netflix over the last 3 months. Loop Capital upgraded its action to Buy with a price target of $500 while Oppenheimer downgraded its action to Outperform with a price target of $515.

Portfolio Pulse from Benzinga Insights

August 28, 2023 | 2:32 pm

HSY

Hershey (NYSE:HSY) has outperformed the market over the past 5 years by 7.96% on an annualized basis, producing an average annual return of 16.75%. If an investor had bought $100 of HSY stock 5 years ago, it would be worth $218.13 today.

Portfolio Pulse from Benzinga Insights

August 28, 2023 | 2:30 pm

SPY

The Dallas Fed Manufacturing Business Index for August is reported at -17.2, which is better than the estimated -21.6 and the prior figure of -20.0.

Portfolio Pulse from Happy Mohamed

August 28, 2023 | 2:30 pm

AMC

AMC Entertainment Holdings Inc's shares are down by 5.47% after a reverse stock split and the conversion of AMC Preferred Equity Units into common stock. The total AMC share count increased from 542.2 million to 550 million shares. Despite several box office records, AMC stock has fallen roughly 85% over the past year.

Portfolio Pulse from Henry Khederian

August 28, 2023 | 2:30 pm

UPWK

Upwork's stock has been downgraded from Buy to Neutral by BTIG, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2023 | 2:28 pm