Streetbeat News

Stock Prices

VFS

Shares of Vietnamese EV maker VinFast Auto Ltd (NASDAQ:VFS) have been extremely volatile since its debut on the Nasdaq last week. The company's shares surged approximately 270% in its first day of trading before pulling back. The volatility is partly due to the fact that only 1% of the float was opened to outside investors, with the remaining 99% owned by the company's founder. The company's stock has also been trending among retail traders. Additionally, reports suggest that the company's magnet supplier, South Korea's Star Group Industrial, is investing $80 million in a new factory in Vietnam to double output, which may have contributed to the stock's resurgence.

Portfolio Pulse from Adam Eckert

August 22, 2023 | 3:40 pm

AMZN

CACI

CACI International, Inc. has signed a multi-year strategic collaboration agreement with Amazon Web Services (AWS) to accelerate cloud capabilities for the U.S. Government. The deal will allow CACI to deliver information advantage to analysts within the Intelligence Community, the Department of Defense, and law enforcement. The agreement is expected to enhance CACI's ability to deliver faster cloud adoption, innovation in disconnected environments, and more insightful outcomes from data.

Portfolio Pulse from Nabaparna Bhattacharya

August 22, 2023 | 3:40 pm

PFIE

Profire Energy (PFIE) has been bought by the Navalier Newsletter, according to recent reports. This could potentially influence the stock's performance.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 3:36 pm

DHI

LEN

LOW

NVR

PHM

TOL

Existing home sales in the US declined 2.2% from June to July, marking a 16.6% drop YoY. The decline is attributed to inventory availability and mortgage rates. Lowe's Companies Inc reported better than expected earnings but missed revenue estimates. The company remains optimistic about the home improvement industry's mid-to-long term outlook. Investors are anticipating Toll Brothers Inc's earnings, with other homebuilding giants like DR Horton Inc, Lennar Corp, PulteGroup, Inc, and NVR Inc recently beating earnings expectations.

Portfolio Pulse from AJ Fabino

August 22, 2023 | 3:34 pm

FSR

HYMTF

TSLA

WKSP

Fisker Inc. has revealed more details about its electric pickup, scheduled for launch in 2025, which will use Tesla's charging technology. Worksport Ltd has achieved a milestone with the first shipment of hard-folding tonneau covers from its U.S. facility. A customized version of Worksport’s solar-powered products will be part of Hyundai's Santa Cruz 2024 pickup. Tesla is expected to start deliveries of its Cybertruck this year, which could have a significant impact on its business figures.

Portfolio Pulse from Upwallstreet

August 22, 2023 | 3:34 pm

AMD

A significant bearish stance has been taken on Advanced Micro Devices (NASDAQ:AMD) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 30% bullish and 69% bearish. The whales have been targeting a price range from $90.0 to $135.0 for AMD over the last 3 months. The current price of AMD is down -1.85% at $106.22. Several financial institutions have given their ratings and price targets for AMD.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 3:31 pm

BAC

A whale investor has taken a bullish stance on Bank of America (NYSE:BAC), with 50% of the investors opening trades with bullish expectations and 50% with bearish. The whale has been targeting a price range from $25.0 to $40.0 for Bank of America over the last 3 months. The price of BAC is currently down -1.89% at $28.6. Oppenheimer has maintained their Outperform rating on Bank of America, with a price target of $49.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 3:31 pm

MRNA

A whale investor has taken a bearish stance on Moderna (NASDAQ:MRNA), with 66% of the spotted trades being bearish. The trades include 3 puts amounting to $167,472 and 12 calls amounting to $761,200. The whales have been targeting a price range from $90.0 to $135.0 for Moderna over the last 3 months. The price of MRNA is currently up 3.82% at $115.32, and RSI indicators suggest that the stock may be approaching overbought.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 3:30 pm

SCSC

ScanSource, Inc. reported Q4 revenues of $947.15 million, down 1.6% Y/Y but beating the street view of $897.20 million. Non-GAAP EPS of $0.76 also beat the consensus of $0.75. The company plans to optimize its working capital to meet margin expectations and market demand. For FY24, ScanSource expects GAAP operating income to be at least $134 million and Adjusted EBITDA to be at least $180 million, with net sales growth of at least 3%.

Portfolio Pulse from Nabaparna Bhattacharya

August 22, 2023 | 3:28 pm

MSGE

SPHR

Madison Square Garden Entertainment Corp (MSGE) reported upbeat earnings but disappointing sales for its fiscal fourth quarter. BofA Securities analyst Peter Henderson initiated coverage of MSGE with a Buy rating and a price target of $41, predicting a 30% upside to the stock. Henderson believes MSGE can achieve its goals of improving venue utilization, driving more premium hospitality, and increasing sponsorship by monetizing new verticals including insurance.

Portfolio Pulse from Priya Nigam

August 22, 2023 | 3:26 pm