Streetbeat News

Stock Prices

IBN

ICICI Bank Inc. (NYSE:IBN) shares are currently trading at $23.41, after a 0.70% decrease. Despite a 3.12% decrease over the past month, the stock has increased by 9.26% over the past year. The bank's P/E ratio of 18.72 is lower than the industry average of 29.29, which could indicate that the stock is undervalued or that shareholders do not expect future growth.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 7:31 pm

EWG

EWU

IYH

LQD

RSP

SMH

SPY

TLT

XLI

The article discusses the current financial conditions, focusing on the rise in 10-year Treasuries and real 10s. It also highlights the impact of the yuan and yen exchange rate weakness on the continuation of the real rate bear yield curve steepening. The article further discusses the potential risks and opportunities in the banking and energy sectors, and the impact of deglobalization on productivity. It concludes with a tactical asset allocation recommendation.

Portfolio Pulse from Barry Knapp

August 24, 2023 | 7:28 pm

PXD

Unusual options activity has been observed for Pioneer Natural Resources (NYSE:PXD), with a bearish stance taken by a large investor. The overall sentiment of these big-money traders is 30% bullish and 70% bearish. The targeted price range for PXD over the last 3 months is $170.0 to $230.0. The current price of PXD is $233.3, down by 0.33%. Analysts from Jefferies, Stifel, Mizuho, Morgan Stanley, and Truist Securities have maintained their ratings on PXD.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 7:19 pm

ISRG

A significant investor has taken a bullish stance on Intuitive Surgical (NASDAQ:ISRG), with 50% of the investors opening trades with bullish expectations and 50% with bearish. The whales have been targeting a price range from $255.0 to $430.0 for Intuitive Surgical over the last 3 months. RBC Capital has downgraded its action to Outperform with a price target of $360. The price of ISRG is down -1.32% at $286.55.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 7:19 pm

BLK

BTCUSD

HOOD

The third largest Bitcoin wallet, which accumulated over $3 billion in Bitcoin over the past three months, has been identified as belonging to Robinhood Markets Inc. (NASDAQ:HOOD). The wallet holds approximately $118,000 Bitcoin, equivalent to roughly $3.08 billion. Earlier speculations suggested that major entities like Binance and BlackRock Inc (NYSE:BLK) could be behind this activity.

Portfolio Pulse from Murtuza Merchant

August 24, 2023 | 7:14 pm

ARKF

ARKK

ARKW

BLK

COIN

GBTC

Ark Invest Founder Cathie Wood believes that the price of Bitcoin will rise and could hit $1 million by 2030. She suggests that the approval of Bitcoin ETFs could increase demand for Bitcoin. Coinbase Global Inc is a top holding in the Ark Innovation ETF, Ark Next Generation Internet ETF, and the Ark Fintech Innovation. Wood also highlighted the importance of Coinbase’s partnership with BlackRock Inc for the cryptocurrency sector. The Grayscale Bitcoin Trust is also a top holding in the Ark Next Generation Internet ETF.

Portfolio Pulse from Chris Katje

August 24, 2023 | 7:07 pm

MRVL

NVDA

Marvell Technology, Inc. (NASDAQ:MRVL) shares dropped as the semiconductor sector pulled back after gains in sympathy with NVIDIA Corporation (NASDAQ:NVDA), which reported strong earnings and upbeat guidance. NVIDIA beat analyst consensus estimates with quarterly earnings of $2.70 per share and sales of $13.51 billion. Marvell is set to report second-quarter earnings after the market close Thursday, with expected earnings of 32 cents per share and revenue of $1.33 billion.

Portfolio Pulse from Ryan Gustafson

August 24, 2023 | 7:05 pm

GHRS

GH Research PLC (NASDAQ:GHRS) reported its Q2 2023 financial results, revealing a cash and cash equivalents of $96.9 million, down from $166 million in Dec 2022. However, the company's total liquidity, including other financial assets and marketable securities, stands at $238.1 million, which it believes will cover operating expenses and capital expenditure requirements until 2026. The company reported a quarterly net loss of $7.7 million, compared to a net profit of $334,000 in the same quarter in 2022. GH Research is developing novel 5-MeO-DMT therapies for Treatment-Resistant Depression (TRD) and is currently conducting several clinical trials.

Portfolio Pulse from Lara Goldstein

August 24, 2023 | 7:03 pm

LDOUSD

Cryptocurrency Lido DAO (CRYPTO: LDO) has seen a decrease of 3.76% in its price over the past 24 hours, continuing a downward trend over the past week of -2.0%. The trading volume for the coin has fallen 20.0% over the past week, moving in tandem with the overall circulating supply of the coin, which has decreased 0.02%. The current market cap ranking for LDO is #35 at $1.44 billion.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 7:00 pm

XOM

Exxon Mobil's (NYSE:XOM) short percent of float has risen 18.31% since its last report, with 33.53 million shares sold short, which is 0.84% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, Exxon Mobil's peer group average for short interest as a percentage of float is 1.59%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 7:00 pm