Streetbeat News

Stock Prices

BN

Brookfield Inc.'s stock (NYSE:BN) has seen a 4.48% increase over the past month and a 3.00% increase over the past year. The company's price-to-earnings (P/E) ratio is 80.74, significantly higher than the Capital Markets industry average of 42.19. This could indicate that the stock is overvalued or that shareholders expect the company to outperform its industry.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 5:15 pm

ACHR

Archer Aviation Inc (NYSE:ACHR) shares are trading higher after the company announced new contracts with the U.S. Air Force, valued at up to $142 million. The contracts include the delivery of up to six of Archer's Midnight aircraft, sharing of additional flight test data, pilot training, and maintenance and repair operations development. Archer has been in partnership with the Department of Defense since 2021 through the Air Force's AFWERX program.

Portfolio Pulse from Adam Eckert

July 31, 2023 | 5:13 pm

OKTA

Okta shares are trading higher after Morgan Stanley maintained an Equal-Weight rating on the stock and raised its price target from $84 to $89.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 5:12 pm

YELL

Yellow Corporation (NASDAQ:YELL) shares surged 84.6% on heavy trading volume after the company ceased operations. The company is expected to file for bankruptcy in the coming days. More than 96 million shares have been traded, far exceeding the stock's 100-day average of 2.6 million shares. The stock has also attracted the attention of short sellers with 18.2% of available shares being sold short.

Portfolio Pulse from Erica Kollmann

July 31, 2023 | 5:12 pm

W

Wayfair Inc's shares are trading higher due to positive analyst coverage. Piper Sandler analyst upgraded Wayfair from a Neutral rating to an Overweight rating and raised the price target from $35 to $97. Other analysts also increased their price targets. Last week, Wayfair launched a new AI product, Decorify, which allows customers to reimagine their spaces based on their style preferences.

Portfolio Pulse from Adam Eckert

July 31, 2023 | 5:10 pm

AAPL

Apple Inc.'s stock is close to the $200 mark, creating anticipation for a potential breakthrough. The stock has shown a bullish trend, surging by over 50% this year. The release of Q3 earnings, anticipated to be 1.08 EPS, is a key factor in assessing Apple's financial stability and growth potential. The stock closed at $195.83, trading up by 1.29% on Friday, July 28.

Portfolio Pulse from Zaheer Anwari

July 31, 2023 | 5:10 pm

A

Agilent Technologies' stock has been downgraded by Evercore from Outperform to In-Line, with a reduced price target from $128 to $124. Barclays also downgraded the stock from Equal-Weight to Underweight.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 5:10 pm

WAT

Waters Corporation's stock has been downgraded by Barclays from Overweight to Equal-Weight and by Evercore ISI Group from Outperform to In-Line. Evercore also lowered its price target from $285 to $270.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 5:08 pm

CMG

Chipotle's shares are trading higher, rebounding after a drop last week due to Q2 earnings.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 5:07 pm

ON

QCOM

QUALCOMM shares are trading higher, possibly in sympathy with onsemi, which saw a rise following strong earnings.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 5:04 pm