Streetbeat News

Stock Prices

AMZN

SPKY

UVXY

Amazon.com, Inc (NASDAQ:AMZN) is trading slightly higher ahead of its Q2 earnings release on Thursday. Investors are keen to see how Amazon Web Services is performing, especially after Microsoft and Google reported slowed growth in their cloud businesses. Traders can trade the potential volatility using the ConvexityShares Daily 1.5x SPIKES Futures ETF (NYSE:SPKY), a 1.5x leveraged fund that tracks the SPIKES Futures Short-Term Index.

Portfolio Pulse from Melanie Schaffer

July 31, 2023 | 7:37 pm

GOEV

Shares of Canoo are trading higher despite no company-specific news being reported.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 7:35 pm

NKLA

Nikola Corporation's shares are trading higher following the announcement by JB Hunt that it will purchase 13 trucks from the company.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 7:35 pm

GPI

Benchmark analyst Michael P. Ward has reiterated a Buy rating on Group 1 Automotive, Inc. (NYSE:GPI), raising the price target to $340 from $300. Despite price volatility in the used vehicle market and below-trend demand in the new vehicle industry, GPI's margins have exceeded expectations. The company has added $1 billion in annual revenue from acquisitions and share repurchase reduced share count. The analyst expects the variable gross margins to decline over the next two years, but the performance will be above historical levels. The 2023 EPS estimate of GPI has been raised to $44.40 per share from $44.00, and the 2024 estimate has been increased to $44.35 from $44.25.

Portfolio Pulse from Nabaparna Bhattacharya

July 31, 2023 | 7:34 pm

INVZ

Shares of Innoviz Technologies are trading higher following positive commentary from Citron Research.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 7:34 pm

SPY

The market on close imbalance is leaning towards the sell-side with $951M. This could potentially impact the overall market sentiment and the SPY ETF.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 7:33 pm

MU

Micron Technology (NASDAQ:MU) has outperformed the market over the past 15 years by 11.0% on an annualized basis, producing an average annual return of 19.83%. If an investor had bought $100 of MU stock 15 years ago, it would be worth $1,501.30 today.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 7:32 pm

ABT

Abbott Laboratories (NYSE:ABT) has outperformed the market over the past 10 years by 1.5% on an annualized basis, producing an average annual return of 11.9%. If an investor had bought $1000 of ABT stock 10 years ago, it would be worth $3,048.01 today.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 7:31 pm

ACAX

ACHR

APLS

YELL

The article lists the stocks that gained and lost the most in Monday's trading session. Some of the notable gainers include Yellow Corporation, which saw its shares jump 106% after ceasing operations, and Archer Aviation, which climbed 41.8% after entering into contracts with the US Air Force. On the other hand, Apellis Pharmaceuticals fell 18.8% after reporting its quarterly financial results, and Alset Capital Acquisition Corp. shares fell 27.9%.

Portfolio Pulse from Lisa Levin

July 31, 2023 | 7:30 pm

PLUG

Plug Power shares are trading higher without any company-specific news driving the increase.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 7:29 pm