Streetbeat News

Stock Prices

TSLA

Tesla, Inc. (NASDAQ:TSLA) shares are expected to extend losses to a sixth straight session due to the company's strategy of relying on price cuts to boost volume, which is seen as clouding the near-term margin outlook. Other factors include macroeconomic conditions and rising rates. The stock could test downside support around the $214 level.

Portfolio Pulse from Shanthi Rexaline

August 18, 2023 | 11:29 am

HE

Hawaiian Electric (HE) shares have surged following a filing on Friday where the company stated that it has no plans to restructure. This announcement has led to a positive market reaction.

Portfolio Pulse from Charles Gross

August 18, 2023 | 11:28 am

EL

Estee Lauder has projected a decline in Q1 revenue by 10-12%, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 11:26 am

BABA

BEKE

BIDU

JD

NTES

PDD

TME

Chinese stocks are trading lower following the filing for Chapter 15 bankruptcy protection in New York by property developer, China Evergrande Group.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 11:25 am

SSNLF

The Samsung Galaxy Z Flip 5, backed by Samsung Electronics Co's (OTC:SSNLF) marketing efforts, has emerged as a notable contender in the smartphone market. The device features an expanded cover screen, camera enhancements, and improved battery life. However, at $999, the smartphone is considered pricey for the battery life and camera it offers. Despite minor drawbacks, the Galaxy Z Flip 5 is still the top choice among flip phones due to its balance of price, features, software, and after-sales support.

Portfolio Pulse from Ananya Gairola

August 18, 2023 | 11:10 am

AAPL

SPIKE

Apple Inc. (AAPL) shares fell by 1.46% on higher-than-average volume, dragging the S&P 500 lower and increasing stock market volatility. This comes amid fears of further US interest rate hikes due to persistent inflation. The SPIKES Volatility Index (SPIKE) tracks expected volatility in the SPY over the next 30 days. Apple's relative strength index (RSI) reached about 27%, indicating it may be oversold.

Portfolio Pulse from Melanie Schaffer

August 18, 2023 | 11:10 am

CINT

CI&T (NYSE:CINT) reported Q2 earnings of $0.09 per share, beating the analyst consensus estimate of $0.08 by 16.25%. However, the company's quarterly sales of $115.52 million missed the analyst consensus estimate of $115.59 million by 0.06%. This represents a 132.5% increase in earnings and a 7.96% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 11:09 am

BTCUSD

SPKY

UVXY

The stock market and Bitcoin experienced a downturn, with the S&P 500 closing down 0.77% and Bitcoin closing 7.15% lower. This was due to concerns that the Federal Reserve will continue its rate hike campaign. As a result, stock market volatility increased, with the Volatility S&P 500 Index rising 6.74%. The ConvexityShares Daily 1.5x SPIKES Futures ETF (SPKY) spiked higher, as predicted by Benzinga. SPKY is a 1.5x leveraged fund that tracks the SPIKES Futures Short-Term Index, similar to the ProShares Ultra VIX Short Term Futures ETF (UVXY).

Portfolio Pulse from Melanie Schaffer

August 18, 2023 | 11:08 am

BABA

FXI

KWEB

Alibaba Group Holding Limited (BABA) stock is trading lower along with iShares China Large-Cap ETF (FXI) and KraneShares Trust KraneShares CSI China Internet ETF (KWEB) due to concerns over China Evergrande Group's bankruptcy filing and China's slowing economic growth. However, Alibaba Cloud's new digital human video creation tool, Live Portrait, and China's progress in chip equipment self-sufficiency provide some positive news.

Portfolio Pulse from Anusuya Lahiri

August 18, 2023 | 11:00 am

EL

Estee Lauder forecasts a decline in Q1 FY24 revenue by 10% - 12% and an adjusted EPS of ($0.29) - ($0.19).

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 11:00 am