Streetbeat News

Stock Prices

RLND

The RoyaLand Company Ltd. (NASDAQ:RLND) is set to start trading on NASDAQ on August 17. The company is offering shares at an expected price between $4.00 and $6.00 per share. RoyaLand is a Bermuda holding company focused on creating an online and offline immersive, fantasy-based royalty-themed experience.

Portfolio Pulse from Benzinga Insights

August 16, 2023 | 3:00 pm

AAPL

AMZN

GOOG

INTC

META

MSFT

NVDA

QQQ

SPY

TSLA

The article discusses the Federal Reserve minutes, China's directive to funds not to sell stocks, and Intel's scrapped deal with Tower Semiconductor due to lack of Chinese approval. It also mentions positive early trade money flows in NVIDIA and Microsoft, and negative flows in Amazon, Alphabet, Meta Platforms, Tesla, and Apple. Mixed flows are reported for SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1. The article also touches on housing starts, India's move to reduce dollar dominance, and oil and gold trades.

Portfolio Pulse from The Arora Report

August 16, 2023 | 2:56 pm

EBET

EBET, Inc. (NASDAQ:EBET) shares are surging on heavy trading volume, despite no recent company news. The company announced on July 26 that it is exploring strategic alternatives, including a potential merger, sale, or other transactions. EBET operates a licensed online gambling platform, accepting wagers on esports events and professional sports. The shares are up by over 100% at 8 cents at the time of publication.

Portfolio Pulse from Erica Kollmann

August 16, 2023 | 2:54 pm

SPY

UNG

USO

The Energy Information Administration (EIA) has reported that the supply of U.S. petroleum products has increased to its highest level since December 2022.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 2:50 pm

ROST

Shares of Ross Stores Inc (NASDAQ:ROST) are trading higher by 1.7% following strong quarterly earnings from Target and TJX. Barclays analyst Adrienne Yih maintained Ross Stores with an Overweight and raised the price target from $122 to $129. Target reported a second-quarter FY23 sales decline of 4.9% year-on-year to $24.77 billion, missing the analyst consensus of $25.18 billion.

Portfolio Pulse from Henry Khederian

August 16, 2023 | 2:47 pm

PGR

Progressive Corp's shares are trading higher by around 9% after the company reported its July 2023 results. The company saw an increase in net premiums written to 21% to $5.95 billion in July. Net premium earned rose 20% to $5.65 billion, and total policies in force grew 11% to 29.6 million last month. However, the company reported a net income of $604.4 million, a decrease from $688.8 million in June 2022, and EPS for the month declined 13% to $1.02.

Portfolio Pulse from Lekha Gupta

August 16, 2023 | 2:45 pm

SPY

USO

The Energy Information Administration (EIA) has reported that the U.S. refiner net input of crude oil last week reached its highest level since January 2020.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 2:45 pm

RVLP

RVL Pharmaceuticals announced a $5 million registered direct offering of 11,870,846 shares priced at $0.4212 per share, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 2:44 pm

HKD

AMTD Digital Inc (NYSE:HKD) shares are trading higher after the company announced it expects to achieve more than a 50% increase in net profit for full-year 2023. The company has seen strong growth momentum since going public in July 2022. The stock was trending on Stocktwits and trading volume exceeded its average session volume.

Portfolio Pulse from Adam Eckert

August 16, 2023 | 2:44 pm

CMPO

HOLI

HRT

NMM

ULH

The article identifies five value stocks in the industrials sector: Navios Maritime Partners (NMM), Hollysys Automation Tech (HOLI), Universal Logistics Hldgs (ULH), HireRight Holdings (HRT), and CompoSecure (CMPO). The companies' P/E ratios and recent earnings per share are discussed, along with changes in their dividend yields. The article notes that while value stocks may be undervalued, there is a risk that they may not rebound.

Portfolio Pulse from Benzinga Insights

August 16, 2023 | 2:42 pm