Streetbeat News

Stock Prices

GE

Over the past 3 months, 9 analysts have published their opinion on General Electric (NYSE:GE) stock. The average price target is $126.33, implying an upside from the current price of $114.39. This average has increased by 9.01% from the previous average price target of $115.89.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 1:00 pm

ABBV

DE

PXD

On CNBC's 'Halftime Report Final Trades', Bryn Talkington of Requisite Capital Management mentioned AbbVie Inc. (ABBV) which has a 4% yield and has underperformed this year at 10 times earnings. Bill Baruch of Blue Line Futures named Pioneer Natural Resources Company (PXD), which is due to report earnings this week. Jim Lebenthal of Cerity Partners mentioned Deere & Company (DE) as a 'great catch-up trade'.

Portfolio Pulse from Lisa Levin

July 31, 2023 | 12:59 pm

AMC

AMC Theatres has reported its highest single-week admissions revenue in the company's 103-year history for the week of July 21-27. The record was driven by the opening performances of 'Barbie' and 'Oppenheimer', and was also supported by the continued success of 'Mission Impossible - Dead Reckoning Part One' and 'Sound of Freedom'. The weekend of July 27-30 was AMC's third busiest since reopening in 2020, with admissions revenue more than double that of the same weekend last year.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 12:58 pm

VAL

Valaris has announced a $364M drillship contract award expected to commence in Q2 2024. The company has also increased its 2023 share repurchase target from $150M to $200M.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 12:57 pm

NVDA

Nvidia is expected to have a prosperous second half of the year due to a surge in demand for its artificial intelligence processors, according to industry sources.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 12:57 pm

YELL

Yellow Corporation (NASDAQ:YELL) has reportedly ceased operations due to issues including debt from mergers and a dispute with the Teamsters Union, putting 30,000 jobs at risk. The company is also filing for bankruptcy. The shutdown could bring scrutiny to the Trump administration's decision to give the company a $700 million COVID rescue loan in 2020. Despite the news, YELL shares are trading higher by 23% to $0.87 in premarket trading.

Portfolio Pulse from Nabaparna Bhattacharya

July 31, 2023 | 12:56 pm

ALLE

ASAN

FBK

Insiders at Allegion plc (ALLE), Asana, Inc. (ASAN), and FB Financial Corporation (FBK) have recently made notable purchases of their companies' stocks. Allegion's CEO acquired 17,500 shares, Asana's CEO bought 160,000 shares, and FB Financial's 10% owner purchased 15,800 shares. These purchases may indicate confidence in the companies' prospects.

Portfolio Pulse from Lisa Levin

July 31, 2023 | 12:55 pm

KYCH

Shares of Keyarch Acquisition Corp have resumed trading.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 12:45 pm

CAMT

Camtek Ltd. reported a Q2 FY23 revenue decline of 7.3% YoY to $73.758 million, beating the consensus of $72.380 million. Non-GAAP EPS of $0.45 beat the consensus of $0.42. The non-GAAP gross margin contracted 290 bps to 48% as the non-GAAP profit declined by 12.6%. The company expects Q3 revenues to be $77 million-$79 million, with continued growth in Q4 and 2024. CAMT shares are trading lower by 3.38% premarket to $45.69.

Portfolio Pulse from Nabaparna Bhattacharya

July 31, 2023 | 12:43 pm

DOW

IFF

SMG

Three materials stocks with over 3% dividend yields have been highlighted by Wall Street's most accurate analysts. These include Dow Inc (DOW) with a dividend yield of 5.03%, International Flavors & Fragrances Inc. (IFF) with a yield of 3.80%, and The Scotts Miracle-Gro Company (SMG) with a yield of 3.74%. Recent news for these companies include a Q2 FY23 sales decline for DOW, projected FY23 sales for IFF, and a Q2 sales decrease for SMG.

Portfolio Pulse from Lisa Levin

July 31, 2023 | 12:42 pm