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Stock Prices

VRT

Vertiv Holdings reported strong Q2 results and issued guidance above estimates, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:53 am

PEN

Despite reporting better-than-expected Q2 results, Penumbra's shares are trading lower.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:53 am

FCX

PKX

SCCO

TECK

Metals and mining stocks are trading lower due to concerns about a potential recession following a downgrade of the US credit rating.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:52 am

LTRY

Lottery.com has regained compliance with Nasdaq's listing rules. The company had previously received a notice from Nasdaq about potential delisting due to non-compliance with listing rules.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:52 am

MU

A significant investor has taken a bearish stance on Micron Technology (NASDAQ:MU), with 66% of recent trades being bearish. The whales have been targeting a price range from $40.0 to $80.0 for Micron Technology over the last 3 months. The price of MU is currently down -3.99% at $67.94. Wolfe Research has downgraded its action to Outperform with a price target of $80.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 11:52 am

MSFT

PYPL

PayPal Holdings, Inc (NASDAQ:PYPL) is set to report its Q2 2023 earnings on August 2, 2023, with analysts expecting a rise in earnings per share from $0.93 to $1.06, despite a slight drop in revenue. The company's stock is under pressure due to high inflation, weak employment numbers, and a downgrade of the U.S. credit rating by Fitch. Analysts from Morgan Stanley, BTIG, and Piper Sandler have given mixed ratings and price targets for PYPL. The company recently announced the integration of its Pay Later solution into Microsoft Corp's (NASDAQ:MSFT) platforms in several countries.

Portfolio Pulse from Anusuya Lahiri

August 04, 2023 | 11:52 am

AAPL

INTC

IOT

MTSI

NVDA

PANW

PLTR

QCOM

TER

ZM

The article reports on the options activity of 10 Information Technology stocks, including NVDA, AAPL, IOT, PLTR, INTC, MTSI, TER, PANW, QCOM, and ZM. The options activity is tracked by Benzinga's options activity scanner, which monitors the transactions of entities with large sums of money, known as 'whales'. The article provides detailed information on the type of options activity (put/call), trade type, sentiment, expiration date, strike price, total trade price, open interest, and volume for each of the mentioned stocks.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 11:52 am

EXAS

Exact Sciences shares are trading lower despite the company providing strong guidance. Benchmark has downgraded the stock to Hold.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:52 am

ALL

DGICB

Insurance stocks showed mixed performance in Wednesday's intraday session. Gainers included Donegal Gr (DGICB), eHealth (EHTH), FG Finl Gr (FGF), Citizens (CIA), Atlantic American (AAME), and Vericity (VERY). Losers included Oxbridge Re Holdings (OXBR), Huize Holding (HUIZ), Marpai (MRAI), Reliance Global Group (RELI), Allstate (ALL), and SelectQuote (SLQT). Donegal Gr and Allstate recently released their Q2 earnings reports.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 11:52 am

META

Needham analyst Laura Martin reiterated an Underperform rating for Meta Platforms Inc (NASDAQ:META), citing challenges from TikTok. Martin suggests that Meta's efforts to regain creators, users, and advertisers from TikTok could lead to lower ROICs and EBITDA margins. She also pointed out that TikTok's normalized margins at maturity are 30%-50% below Meta's historical EBITDA margins. Additionally, Meta's valuation has dropped to 3.4x FY24 revenue due to its Metaverse aspirations and market share losses to TikTok.

Portfolio Pulse from Anusuya Lahiri

August 04, 2023 | 11:52 am