Streetbeat News

Stock Prices

AXP

A significant bearish stance has been taken on American Express (NYSE:AXP) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 45% bullish and 55% bearish. The price range targeted by these investors for American Express over the last 3 months is from $140.0 to $190.0. The current price of AXP is down -0.21% at $167.44. Several experts have downgraded their ratings on American Express, with price targets ranging from $146 to $193.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 4:45 pm

ARKK

MSFT

NVDA

QQQ

The Nasdaq 100 Index, tracked by the Invesco QQQ Trust Series 1, recently underwent a special rebalancing due to several holdings seeing their weightings soar in 2023. Ark Funds portfolio manager Dan White discussed the impact of the rebalancing on smaller technology companies, stating that it could make some smaller cap stocks stand out. He also mentioned that Nvidia and Microsoft are being trimmed in the Nasdaq. The Ark Innovation ETF is up 56.4% year-to-date, outpacing the Nasdaq 100 ETF, which is up 42.9% over the same time period.

Portfolio Pulse from Chris Katje

July 25, 2023 | 4:44 pm

EL

TGT

Stephanie Link, a regular CNBC contributor, announced live on the network that she has sold her shares in The Estee Lauder Companies (EL) and bought shares in Target Corporation (TGT).

Portfolio Pulse from Happy Mohamed

July 25, 2023 | 4:44 pm

SPKX

SPKY

UVXY

Ahead of the Federal Reserve's decision on interest rates, ConvexityShares Daily 1x SPIKES Futures ETF (SPKX) dropped about 1%, hitting a new all-time low. The ETF, which tracks the SPIKES Futures Short-Term Index, is similar to ProShares Ultra VIX Short Term Futures ETF (UVXY). Traders looking for gains on stock market volatility could opt for ConvexityShares Daily 1.5x SPIKES Futures ETF (SPKY). Post the Fed's meeting, market volatility could increase, potentially driving SPKX higher.

Portfolio Pulse from Melanie Schaffer

July 25, 2023 | 4:43 pm

LW

Lamb Weston's shares are trading lower after the company reported its Q4 earnings.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 4:42 pm

NIO

Shares of NIO Inc. are trading higher due to expectations of stimulus measures from China.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 4:41 pm

CCK

Crown Holdings' shares are trading higher, reversing the downward trend observed late Monday due to mixed earnings and soft guidance.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 4:40 pm

MMM

3M Co reported Q2 FY23 adjusted net sales of $7.99 billion, a 4.7% YoY decline, beating the consensus of $7.87 billion. Adjusted EPS was $2.17, down 11.4% YoY, above the consensus of $1.72. The company's gross margin expanded by 320 bps to 44.7%, with a gross profit of $3.72 billion (+3% YoY). 3M's shares are trading higher by 5.00% at $109.48.

Portfolio Pulse from Akanksha Bakshi

July 25, 2023 | 4:40 pm

ZS

Zscaler shares are trading higher following an upgrade from Neutral to Buy by BTIG.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 4:40 pm

WASH

Piper Sandler analyst Mark Fitzgibbon has downgraded Washington Trust Bancorp (NASDAQ:WASH) from Neutral to Underweight and set a price target of $26.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 4:33 pm