Streetbeat News

Stock Prices

AAPL

SNE

Sony, the dominant smartphone lens maker, is forecasting lower-than-expected demand for Apple Inc.'s upcoming iPhone 15 due to the ongoing economic downturn. Sony's smartphone sensor business is now expected to recover in 2024, later than the previously projected late 2023. Noted Apple analyst Ming-Chi Kuo also projected the demand for iPhone 15 to be lower than that of the iPhone 14.

Portfolio Pulse from Rounak Jain

August 09, 2023 | 2:32 pm

VLO

Unusual options activity has been observed for Valero Energy (NYSE:VLO), with a large position indicating a bullish stance. The sentiment among these big-money traders is 70% bullish and 30% bearish. The options trades target a price range from $80.0 to $145.0 for Valero Energy over the last 3 months. Wells Fargo, Morgan Stanley, Tudor Pickering, and Barclays have maintained their ratings on Valero Energy with price targets of $135, $160, $145, and $142 respectively.

Portfolio Pulse from Benzinga Insights

August 09, 2023 | 2:32 pm

AAPL

MSFT

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo discusses trade strategies for SPY, QQQ, AAPL, MSFT, and TSLA. The memo provides price levels for these assets based on a proprietary formula that considers price, volume, and options flow. The memo suggests potential bullish and bearish targets for each asset and recommends traders to monitor these stocks closely and adjust their tactics based on the market's pulse.

Portfolio Pulse from RIPS

August 09, 2023 | 2:31 pm

INSW

International Seaways Inc (NYSE:INSW) reported Q2 FY23 shipping revenue of $292.2 million, beating the consensus of $253.4 million. Adjusted EPS of $3.12 also beat the consensus of $2.64. Consolidated TCE revenues rose to $288.3 million, reflecting sanctions on Russian oil that led to longer voyages and higher tanker utilization. The company also declared a quarterly dividend per share of $0.12 and a supplemental dividend per share of $1.30. INSW shares are trading higher by 7.88%.

Portfolio Pulse from Lekha Gupta

August 09, 2023 | 2:31 pm

BYND

There has been a significant options activity on Beyond Meat (BYND) with a sweep of 500 calls at $27 for April 19, priced at $0.8 each. This is compared to an open interest of 28. The reference price is $13.0799.

Portfolio Pulse from Charles Gross

August 09, 2023 | 2:31 pm

LZ

LegalZoom.Com reported its Q2 financial results and issued guidance for Q3 and FY23, which led to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 2:30 pm

PWR

Quanta Services (NYSE:PWR) has outperformed the market over the past 20 years, producing an average annual return of 17.93%. If an investor had bought $100 of PWR stock 20 years ago, it would be worth $2,941.74 today.

Portfolio Pulse from Benzinga Insights

August 09, 2023 | 2:30 pm

BKNG

Booking Holdings (NASDAQ:BKNG) has outperformed the market over the past 10 years by 2.79% on an annualized basis, producing an average annual return of 12.99%. If an investor had bought $100 of BKNG stock 10 years ago, it would be worth $337.74 today.

Portfolio Pulse from Benzinga Insights

August 09, 2023 | 2:30 pm

SPY

USO

The Energy Information Administration (EIA) reported a weekly draw of 1.76 million barrels in distillates stocks, compared to an estimated build of 0.006 million barrels.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 2:30 pm

AZTA

Azena's shares are trading higher following the company's Q3 financial results, which exceeded expectations. The company also issued Q4 EPS guidance above estimates. Needham has raised its price target for Azena from $55 to $65.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 2:24 pm