Streetbeat News

Stock Prices

Goldman Sachs CEO has announced that the company will continue with its share repurchase program despite facing significant headwinds to its business. The CEO also warned of a period of lower results ahead.

Portfolio Pulse from Happy Mohamed

July 19, 2023 | 1:39 pm

JPM

JPMorgan Chase's short percent of float has fallen 10.94% since its last report, with 16.54 million shares sold short, which is 0.57% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards JPMorgan Chase. Compared to its peers, JPMorgan Chase has less short interest as a percentage of float, with an average of 0.98%.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 1:30 pm

Eni's (NYSE:E) short percent of float has fallen 20.0% since its last report, with 696 thousand shares sold short, which is 0.04% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards Eni. Compared to its peers, Eni has less short interest as a percentage of float, with an average of 1.72% for its peer group.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 1:30 pm

TTD

Trade Desk's (NYSE:TTD) short percent of float has fallen 12.06% since its last report, with 13.78 million shares sold short, which is 3.5% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards the stock. Compared to its peers, Trade Desk has less short interest as a percentage of float, with the average being 4.66%.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 1:30 pm

CRLBF

DBCCF

GLASF

HITI

ITHUF

MMNFF

SMG

UNRV

The article reports on recent leadership changes in the US cannabis industry. The Cannabis Regulators Association (CANNRA) has announced new leadership and expanded membership. Maryland Governor Wes Moore has made key appointments to two new cannabis-related agencies. Minnesota is preparing for marijuana legalization with the appointment of a new director for its regulatory agency. The Arkansas Medical Marijuana Commission has a new member. There have been board changes at Decibel Cannabis Company, High Tide Inc., Cresco Labs, Glass House Brands, and Craftport Cannabis Corp. Scotts Miracle-Gro Company has appointed a new board member. Unrivaled Brands, iAnthus Capital Holdings, PharmaCielo, and MedMen Enterprises have also made key appointments.

Portfolio Pulse from Jelena Martinovic

July 19, 2023 | 1:29 pm

TSLA

Tesla's directors have agreed to repay $735 million to the company, resolving a lawsuit filed in 2020 over excessive compensation. Despite this, Tesla's stock performance remains strong, with a weekly surge of 4.43%, a monthly rise of 11.80%, and a yearly increase of over 147%. The company's Q2 earnings are predicted to be slightly lower than Q1's 0.85 at around 0.81.

Portfolio Pulse from Zaheer Anwari

July 19, 2023 | 1:28 pm

CVNA

VRM

Vroom Inc (NASDAQ:VRM) and Carvana Co (NYSE:CVNA) shares surged following Carvana's strong Q2 results. Carvana reported Q2 revenue of $2.97 billion, beating estimates of $2.59 billion, and a 94% YoY increase in gross profit per unit. The company also guided for positive adjusted EBITDA in Q3 and announced an agreement to reduce total debt, extend maturities, and lower near-term cash interest expenses. Vroom, a direct competitor of Carvana, has been moving higher alongside Carvana shares in recent months.

Portfolio Pulse from Adam Eckert

July 19, 2023 | 1:24 pm

DIA

DOW

IBM

MMM

WBA

The Dow Jones Industrial Average has entered a bull market, attracting investors to its 30 components. The SPDR Dow Jones Industrial Average ETF (DIA) has seen three consecutive months of net inflows, amassing over $1.3 billion in the last three months. The Dow Jones components are trading at a more attractive multiple than those in the S&P 500 and Nasdaq 100. The top 5 high-dividend stocks in the Dow Jones Industrial Average are International Business Machines Corp. (IBM), Dow Inc. (DOW), 3M Company (MMM), Walgreens Boots Alliance, Inc. (WBA), and Verizon Communication, Inc. (VZ).

Portfolio Pulse from Piero Cingari

July 19, 2023 | 1:21 pm

MTB

M&T Bank Corporation (NYSE:MTB) reported Q2 FY23 revenue of $2.60 billion, beating the consensus of $2.39 billion. Net income of $867 million was significantly higher than $218 million a year ago, largely due to the sale of its Collective Investment Trust (CIT) business which resulted in a pre-tax gain of $225 million. The bank's shares are trading higher by 2.02% at $137.48 in premarket trading.

Portfolio Pulse from Lekha Gupta

July 19, 2023 | 1:19 pm

CARR

Carrier Global Inc. (NYSE:CARR) has seen its shares increase by 31.74% over the past three months. The company's total debt stands at $8.85 billion, with $8.71 billion in long-term debt and $142 million in current debt. After adjusting for $3.35 billion in cash-equivalents, the net debt is $5.50 billion. The debt-ratio, a measure of financial leverage, is at 0.34, indicating a considerable portion of debt is funded by assets.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 1:15 pm