Streetbeat News

Stock Prices

INTC

A significant amount of unusual options activity has been observed for Intel (NASDAQ:INTC), with a majority of investors taking a bullish stance. The targeted price range for Intel over the last 3 months has been between $30.0 and $40.0. Analysts' ratings on Intel vary, with Baird and BMO Capital maintaining a Neutral and Market Perform rating respectively, while Rosenblatt has downgraded its action to Sell.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 2:46 pm

UPS

A significant amount of unusual options activity has been observed for United Parcel Service (UPS), with a majority of investors taking a bearish stance. The price range targeted by these investors over the last three months is between $167.5 and $210.0. The current price of UPS is down by 0.83% at $175.15. Several financial institutions have downgraded their ratings for UPS, with price targets ranging from $185 to $195.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 2:46 pm

USPH

US Physical Therapy (NYSE:USPH) has announced a quarterly dividend of 43 cents per share. The ex-dividend date is Thursday, meaning the stock will likely open 43 cents lower to reflect the payout. Shareholders who own USPH as of the end of Wednesday's session are eligible to receive the dividend, which will be paid out on September 08, 2023.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 2:45 pm

ADTH

LDWY

UONE

XNET

The article lists five value stocks in the communication services sector, which are traditionally undervalued. The stocks are Scienjoy Holding (NASDAQ:SJ), AdTheorent Holding (NASDAQ:ADTH), Xunlei (NASDAQ:XNET), Urban One (NASDAQ:UONE), and Lendway (NASDAQ:LDWY). The article also provides their P/E ratios and changes in earnings per share.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 2:45 pm

STR

Sitio Royalties (NYSE:STR) has announced a quarterly dividend of 40 cents per share. The stock will go ex-dividend on Thursday, meaning it will likely open 40 cents lower. Shareholders who own STR as of the end of Wednesday's session are eligible to receive the dividend payout. The dividend will be paid out on August 31, 2023.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 2:45 pm

THQ

Tekla Healthcare Opps (NYSE:THQ) has announced a monthly dividend of 11.25 cents per share. The stock will go ex-dividend on Thursday, meaning it will trade lower to reflect the payout. Shareholders who own THQ as of the end of Wednesday's session are eligible to receive the dividend, which will be paid out on August 31, 2023.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 2:45 pm

AGRX

CBIO

HRMY

HSDT

OGN

The article discusses value stocks in the healthcare sector, highlighting five companies: Agile Therapeutics, Helius Medical Tech, Catalyst Biosciences, Harmony Biosciences, and Organon. These companies are considered undervalued based on their low P/E multiples. The article also notes improvements in earnings per share for all five companies and an increase in Organon's dividend yield.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 2:44 pm

BRK-B

Berkshire Hathaway's stock (BRK-B) has recently surpassed its previous all-time high, potentially due to its Q2 earnings report where the actual earnings of 4.62 exceeded the expected 3.87. The stock price stabilized at $260 in October 2022 before making a bullish move this month, briefly surpassing its previous record high. The stock's current all-time high is close to the previous peak, suggesting a formidable barrier of resistance.

Portfolio Pulse from Zaheer Anwari

August 14, 2023 | 2:44 pm

OKTA

Goldman Sachs analyst Gabriela Borges has upgraded Okta Inc (NASDAQ:OKTA) to Buy from Sell and increased the price target to $91 from $77. Borges expects Okta's cRPO and ARR to accelerate back to the 15%-20% range following deceleration in the past quarters. The analyst also projects a 23% CAGR for Okta's customer IAM business from 2023-2026, contributing to 10 points of total revenue growth. However, Borges anticipates headwinds related to layoffs and pressurized monthly active users to impact NRR through H2 FY23.

Portfolio Pulse from Lekha Gupta

August 14, 2023 | 2:41 pm

BABA

BIDU

FXI

NIO

NTES

TSLA

Chinese wealth management firm Zhongzhi Enterprise Group Co. missed payments on several high-yield investment products, raising concerns about China's shadow banking industry. This news, along with China's weakening economy and property market troubles, has led to a decline in Chinese stocks and ETFs. The iShares China Large-Cap ETF (NYSE:FXI) opened 1.8% weaker, while major Chinese companies listed on the U.S. stock market, including Alibaba (NASDAQ:BABA), NetEase (NASDAQ:NTES), JD.com (NASDAQ:JD), Baidu (NASDAQ:BIDU), and Li Auto (NASDAQ:LI), saw drops between 1.5% and 3%. Electric vehicle maker NIO (NASDAQ:NIO) dropped over 4%, influenced by Tesla's (NASDAQ:TSLA) price cuts in China.

Portfolio Pulse from Piero Cingari

August 14, 2023 | 2:40 pm