Streetbeat News

Stock Prices

TSLA

Elon Musk, CEO of Tesla Inc, shared an image of himself in a 'production candidate' Cybertruck, fueling anticipation for the electric pickup truck. This follows sightings of multiple Cybertrucks being transported across the US, aligning with Tesla's preparations for the imminent launch of the Cybertruck. Musk stated that he believes the Cybertruck is Tesla's best product ever.

Portfolio Pulse from Benzinga EV Insights

August 23, 2023 | 8:06 pm

ADSK

Autodesk reported better-than-expected Q2 financial results and issued Q3 and FY24 EPS guidance above estimates, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 8:06 pm

AMT

DEA

SUI

UDR

Analysts have been slashing price targets on interest-sensitive stocks such as real estate investment trusts (REITs) due to the potential of more interest rate hikes suggested by the latest Federal Reserve meeting minutes. Over the past week, 18 price targets across multiple sectors have been lowered. The price target cuts have affected several REITs including Sun Communities Inc., Easterly Gov't Properties Inc., UDR Inc., JBG Smith Properties, Alexandria Real Estate Equities, American Strategic Investment Co., Medical Properties Trust Inc., Agree Realty Corp., Safehold Inc., Apartment Income REIT Corp., American Tower Corp., Crown Castle Inc., SBA Communications Corp., Federal Realty Trust, and Regency Centers. This could negatively affect REIT prices for the remainder of 2023.

Portfolio Pulse from Ethan Roberts

August 23, 2023 | 8:06 pm

SCTL

Societal CDMO has announced the commencement of a public offering of its common stock. The terms of the offering have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 8:05 pm

DIS

SPY

The Walt Disney Company's (NYSE:DIS) stock performance has been impacted by Florida Governor Ron DeSantis's actions and policies. DeSantis revoked Disney's autonomous privileges over its Orlando, Florida region and enacted a bill removing Disney's unique authorities. This has led to a series of lawsuits. An investment of $1,000 in Disney stock when DeSantis took office in 2019 would be worth $764.48 today, a decrease of 23.6%. In comparison, a $1,000 investment in the SPDR S&P 500 Global ETF Trust (NYSE:SPY) would have increased by 85.8% over the same period.

Portfolio Pulse from Chris Katje

August 23, 2023 | 8:05 pm

CVX

A whale investor has taken a bullish stance on Chevron (NYSE:CVX), with 60% of the investors opening trades with bullish expectations and 40% with bearish. The whale has been targeting a price range from $100.0 to $190.0 for Chevron over the last 3 months. The price of CVX is currently down -0.05% at $158.96. The next earnings are expected to be released in 65 days.

Portfolio Pulse from Benzinga Insights

August 23, 2023 | 8:01 pm

OTMO

Otonomo Technologies Ltd. (NASDAQ:OTMO) has announced the expiration and results of its exchange offer and consent solicitation relating to its outstanding public and private placement warrants. Approximately 63.7% of the public warrants and 100% of the private placement warrants were tendered. The company also received approval for the amendment to the warrant agreement. Otonomo will exchange all remaining untendered warrants for Ordinary Shares at an exchange ratio of 0.01503 Ordinary Shares for each warrant on September 7, 2023.

Portfolio Pulse from Happy Mohamed

August 23, 2023 | 8:01 pm

AMGN

A significant bullish stance has been taken on Amgen (NASDAQ:AMGN) by a large investor, as indicated by a large position in the company's options. The sentiment among these big-money traders is split, with 60% bullish and 40% bearish. The whales have been targeting a price range from $230.0 to $270.0 for Amgen over the last 3 months. The price of AMGN is currently down -0.02% at $257.56. Analysts from RBC Capital, Jefferies, Oppenheimer, and Mizuho have given varied ratings and price targets for the company.

Portfolio Pulse from Benzinga Insights

August 23, 2023 | 8:01 pm

VST

Vistra (NYSE:VST) has received four somewhat bullish ratings from analysts in the last quarter. The average 12-month price target for Vistra has increased by 5.26% from the previous average price target of $33.25 to $35.0.

Portfolio Pulse from Benzinga Insights

August 23, 2023 | 8:00 pm

SPB

Four analysts have provided ratings for Spectrum Brands Holdings (NYSE:SPB) in the last quarter, with two bullish and two somewhat bullish. The average price target is $91.75, implying an upside from the current price of $82.805. This average has increased by 6.69% from the previous average price target of $86.00.

Portfolio Pulse from Benzinga Insights

August 23, 2023 | 8:00 pm