Streetbeat News

Stock Prices

AMC

AMC Entertainment Holdings Inc's stock began trading on a split-adjusted basis, causing a plunge due to shareholder pushback against the reverse split and APE conversion. However, Wedbush analyst Alicia Reese upgraded AMC from an Underperform rating to a Neutral rating and set a price target of $19. Reese believes AMC is well positioned for its third-quarter report and expects the stock to benefit from improving box office trends. AMC is also expected to benefit from an increase in moviegoers opting for premium viewing options and improvements in European box office trends.

Portfolio Pulse from Adam Eckert

August 24, 2023 | 2:36 pm

AAPL

Apple Inc. (NASDAQ:AAPL) is expected to launch its iPhone 15 series in a few weeks. Rumors suggest major upgrades including a price hike, color-matched USB-C, titanium design, and an action button. The iPhone 15 Pro and Pro Max could see a price increase of $100 to $200. The devices are expected to be powered by the Apple A17 Bionic chipset, making them faster than the fastest Android phones. Other features include a periscope camera, USB Type-C port, 20% more dense batteries, and a titanium frame.

Portfolio Pulse from Rounak Jain

August 24, 2023 | 2:34 pm

RETO

Shares of ReTo Eco-Solutions (RETO) were halted on a circuit breaker due to a sharp decline in the stock price, which is now down by 12%.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 2:34 pm

DLR

A significant bearish stance has been taken on Digital Realty Trust (NYSE:DLR) by a large investor or institution, as indicated by a large position in options. The sentiment among these big-money traders is split, with 36% bullish and 63% bearish. The price target for DLR over the last three months has been between $80.0 and $135.0. The current price of DLR is $129.82, up 3.22%. Analysts' ratings vary, with Barclays maintaining an Underweight rating and a price target of $94, while Citigroup, RBC Capital, Raymond James, and Exane BNP Paribas have Buy or Outperform ratings with price targets ranging from $136 to $140.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 2:32 pm

NVO

A significant bearish stance has been taken on Novo Nordisk (NYSE:NVO) as indicated by unusual options activity. The sentiment among big-money traders is split between 36% bullish and 63% bearish. Whales have been targeting a price range from $190.0 to $250.0 for Novo Nordisk over the last 3 months. The current price of NVO is down -1.09% at $187.96.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 2:32 pm

SPY

UNG

The USA Natural Gas Storage reported a figure of 18B, which is lower than the estimated 33B and the prior figure of 35B.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 2:30 pm

UBS analyst Jay Sole maintains a 'Sell' rating on Foot Locker (NYSE:FL) and has lowered the price target from $22 to $11.

Portfolio Pulse from richadhand@benzinga.com

August 24, 2023 | 2:22 pm

BRSH

ELIQ

MULN

NVDA

OIG

SCTL

VFS

U.S. stocks traded higher with the Dow Jones gaining over 150 points. NVIDIA Corporation reported better-than-expected Q2 results and issued strong Q3 revenue guidance. The company's board also approved an additional $25 billion in share repurchases. Bruush Oral Care, VinFast Auto, and Electriq Power Holdings saw significant stock increases, while Orbital Infrastructure Group, Societal CDMO, and Mullen Automotive experienced notable drops.

Portfolio Pulse from Lisa Levin

August 24, 2023 | 2:15 pm

CHTR

CMCSA

TMUS

T-Mobile US, Inc plans to reduce its workforce by nearly 7% or 5,000 positions, incurring a pre-tax charge of approximately $450 million in Q3 2023. The company reiterated its FY23 guidance. The restructuring will mainly affect the corporate, back-office, and technology sectors. The company aims to centralize some functions to increase efficiency and cut costs. T-Mobile reported Q2 revenue of $19.2 billion, a 2.6% YoY decline, and EPS of $1.86, beating the consensus of $1.69.

Portfolio Pulse from Anusuya Lahiri

August 24, 2023 | 2:14 pm

SPY

In a CNBC interview, Federal Reserve's Harker stated that he has been informed by contacts that more time is needed to deal with past Fed rate hikes. He also expects the unemployment rate to rise to 4% or slightly above.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 2:13 pm