Streetbeat News

Stock Prices

ETH

Ethereum has seen a 22% decline in the past month, but trader Eugene Ng Ah Sio anticipates a potential rally. Despite disappointing Ethereum ETF flows, the negative sentiment and whale capitulation suggest a low positioning for Ethereum, which could lead to a rally. The lack of a Solana ETF and potential unwinding of SOL positions may also shift market dynamics in Ethereum's favor.

Portfolio Pulse from Khyathi Dalal

August 23, 2024 | 5:28 pm

IWM

SPY

Market strategist Jay Woods discusses the potential impact of a Federal Reserve rate cut, the outlook for small-cap stocks, and election year trends. He predicts a rate cut in September, which may already be priced into stocks, and highlights the potential for a small-cap rally. The iShares Russell 2000 ETF (IWM) and SPDR S&P 500 ETF Trust (SPY) are mentioned as key indicators.

Portfolio Pulse from Chris Katje

August 23, 2024 | 5:23 pm

APDN

Applied DNA Sciences, Inc. (NASDAQ:APDN) stock surged on Friday due to high trading volume and the submission of a validation package to expand its Linea Mpox Virus 1.0 Assay. The expansion aims to include mpox clade I and clade II, pending approval from the New York State Department of Health. The stock's rise is also influenced by the WHO's declaration of a public health emergency over mpox.

Portfolio Pulse from Vandana Singh

August 23, 2024 | 5:19 pm

DNA

BTIG analyst Mark Massaro maintains a Sell rating on Ginkgo Bioworks Holdings (NYSE:DNA) and adjusts the price target to $7 following a 1-40 reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 5:17 pm

MRVL

Marvell Technology shares are rising due to positive comments from Federal Reserve Chair Jerome Powell about potential rate cuts. The company is set to report earnings soon, with analysts maintaining a positive outlook.

Portfolio Pulse from Dylan Berman

August 23, 2024 | 5:15 pm

CJET

EVGO

LCID

PSNY

RIVN

TSLA

Shares of electric vehicle (EV) companies are experiencing an uptick due to positive market sentiment following comments from Fed Chair Powell regarding the economy and potential future rate cuts.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 5:10 pm

GM

TSLA

UBER

Uber has partnered with GM's Cruise to expand its autonomous vehicle operations, adding Cruise's self-driving cars to its fleet by 2025. This partnership is part of Uber's broader strategy to integrate autonomous vehicles, which includes collaborations with Waymo and BYD. The news has positively impacted GM's stock, while Uber's stock has shown resilience. Analysts maintain a positive outlook on Uber and GM, with BofA and Goldman Sachs reiterating Buy ratings.

Portfolio Pulse from Natan Ponieman

August 23, 2024 | 5:08 pm

BYON

GM

GT

HOG

MGA

SYPR

Auto-related stocks are experiencing a rise in share prices due to overall market strength, influenced by Fed Chair Powell's comments on the economy and potential future rate cuts.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 5:08 pm

PDD

PDD Holdings Inc (NASDAQ:PDD) is experiencing slight selling pressure ahead of its Q2 earnings report, despite several bullish technical indicators. The stock is trading above key moving averages, and analysts have set a price target suggesting a 44.85% upside. Wall Street expects $2.73 EPS and $14 billion in revenues.

Portfolio Pulse from Surbhi Jain

August 23, 2024 | 5:03 pm

MSTR

The options market shows a bullish sentiment towards MicroStrategy (NASDAQ:MSTR), with 58% of trades being bullish. The stock is currently trading at $141.47, up by 5.72%. Analysts have set high target prices, indicating positive expectations.

Portfolio Pulse from Benzinga Insights

August 23, 2024 | 5:02 pm