Streetbeat News

Stock Prices

BABA

An option alert has been issued for Alibaba Group Holding (BABA) for Friday $100 calls. The sweep is near the ask with 489 @ $0.74 versus an open interest of 15053. The company's earnings are expected on 8/7 before the market opens. The reference price is $95.435.

Portfolio Pulse from Charles Gross

July 24, 2023 | 2:54 pm

GRIL

Muscle Maker Inc's subsidiary, Sadot LLC, has crossed the $500 million total revenue milestone, with June 2023 revenues exceeding $45.7 million. This is the eighth consecutive month of top-line revenue surpassing $45 million. An amendment to the service agreement with AGGIA is expected to further improve the company's financial reporting. Muscle Maker's shares are trading 7.4% higher.

Portfolio Pulse from Shivani Kumaresan

July 24, 2023 | 2:52 pm

XPEV

An option alert has been issued for XPeng (XPEV) for August 18 $17 calls. The sweep is near the ask with 1993 contracts at $0.914 versus an open interest of 1266. XPeng is expected to release its earnings on August 22 before the market opens. The reference price is $15.9.

Portfolio Pulse from Charles Gross

July 24, 2023 | 2:52 pm

SPIKE

TSLA

Tesla, Inc (NASDAQ:TSLA) is showing signs of a potential reversal signal, indicating a bounce back from its recent lows. Despite beating Q2 earnings expectations, the stock has shown weakness compared to the general market. The upcoming deliveries of the highly-anticipated Cybertruck could potentially rally the stock. However, Tesla has reversed its upward trend and could establish a new downward trend. The stock has resistance at $271.71 and $285.83 and support at $254.98 and $234.35.

Portfolio Pulse from Melanie Schaffer

July 24, 2023 | 2:48 pm

APLD

Applied Digital (APLD) has an option alert for January 19 $14 calls at the ask price of $2.0. This is against an open interest of 159, with the reference price at $9.46.

Portfolio Pulse from Charles Gross

July 24, 2023 | 2:47 pm

APPH

ARMP

BBIG

DPZ

KOD

TUP

XXII

U.S. stocks traded higher with the S&P 500 gaining over 150 points. Domino's Pizza Inc (DPZ) reported better-than-expected earnings for its second quarter, despite a sales decline. Tupperware Brands Corporation (TUP), Vinco Ventures, Inc. (BBIG), and Armata Pharmaceuticals, Inc. (ARMP) saw significant stock increases. AppHarvest, Inc. (APPH), Kodiak Sciences Inc. (KOD), and 22nd Century Group, Inc. (XXII) experienced stock decreases.

Portfolio Pulse from Lisa Levin

July 24, 2023 | 2:46 pm

LTRPA

MOMO

NXST

SKM

XNET

Benzinga Insights has identified five value stocks in the communication services sector that may be worth watching: Nexstar Media Gr (NASDAQ:NXST), Xunlei (NASDAQ:XNET), Hello Gr (NASDAQ:MOMO), SK Telecom Co (NYSE:SKM), and Liberty TripAdvisor Hldgs (NASDAQ:LTRPA). These companies have low P/E multiples, indicating they may be undervalued. However, the risk of investing in a value stock is that it may never rebound from its undervalued position.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 2:46 pm

FCX

Freeport-McMoRan's (NYSE:FCX) short percent of float has fallen 10.45% since its last report, with 17.16 million shares sold short, which is 1.2% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. However, it does not necessarily mean that the stock price will rise in the near term. Compared to its peers, Freeport-McMoRan has less short interest.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 2:45 pm

EPD

Enterprise Prods Partners's (NYSE:EPD) short percent of float has fallen 3.45% since its last report, indicating a more bullish sentiment towards the stock. The company has 12.28 million shares sold short, which is 0.84% of all regular shares available for trading. Compared to its peers, Enterprise Prods Partners has less short interest.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 2:45 pm

Estee Lauder Cos's (NYSE:EL) short percent of float has risen 16.33% since its last report, with 2.64 million shares sold short. This indicates that traders are expecting the stock price to fall. However, compared to its peers, Estee Lauder has less short interest as a percentage of float, which is 6.25% on average.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 2:45 pm