Streetbeat News

Stock Prices

CME

CME Gr Inc.'s stock price is currently at $185.29, after a 1.05% increase. However, over the past month, the stock decreased by 0.01%, and in the past year, by 9.33%. The company's P/E ratio is lower than the aggregate P/E of the Capital Markets industry, indicating that the stock might be undervalued. However, a lower P/E can also suggest that shareholders do not expect future growth. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

Portfolio Pulse from Benzinga Insights

June 30, 2023 | 8:34 pm

EDR

META

TSLA

Elon Musk, CEO of Tesla Inc and SpaceX, and Mark Zuckerberg, co-founder and CEO of Meta Platforms Inc, have been rumored to potentially engage in a UFC-style cage fight in the Roman Colosseum in 2023. However, the Italian Ministry of Culture’s Office has denied any formal contact or written document regarding this event. The feud between Musk and Zuckerberg started with the unsuccessful SpaceX launch carrying a Facebook-owned satellite in 2016. The event is being publicized by Dana White, UFC CEO and Endeavor Group Holdings Inc's executive.

Portfolio Pulse from AJ Fabino

June 30, 2023 | 8:32 pm

A significant bearish stance has been taken on Block (NYSE:SQ) as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 46% bullish and 53% bearish. The whales have been targeting a price range from $47.5 to $115.0 for Block over the last 3 months. The price of SQ is up 3.39% at $66.57, with RSI indicators hinting at an overbought situation.

Portfolio Pulse from Benzinga Insights

June 30, 2023 | 8:16 pm

UNH

A significant bullish stance has been taken on UnitedHealth Group (NYSE:UNH) as evidenced by unusual options activity. The sentiment among big-money traders is split between 52% bullish and 48% bearish. Whales have been targeting a price range from $380.0 to $530.0 for UnitedHealth Group over the last 3 months. The price of UNH is up 0.88% at $480.64. Several experts have given their ratings and price targets for UNH, with most maintaining an Outperform or Buy rating and price targets ranging from $560 to $610.

Portfolio Pulse from Benzinga Insights

June 30, 2023 | 8:16 pm

RCL

A significant amount of unusual options activity has been observed for Royal Caribbean Gr (NYSE:RCL), with a bearish stance being taken by a majority of investors. The price range targeted by these investors over the last 3 months is from $82.5 to $120.0. The current price of RCL is up 2.14% at $103.73, with RSI indicators suggesting the stock may be overbought. B of A Securities and JP Morgan have maintained their Neutral and Overweight ratings on RCL, respectively.

Portfolio Pulse from Benzinga Insights

June 30, 2023 | 8:16 pm

AGLE

Deep Track Capital has reported a 9.99% stake in Aeglea BioTherapeutics, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

June 30, 2023 | 8:09 pm

AAPL

CMCSA

CSCO

NKE

The S&P 500 and other major market indexes ended the week positively, responding well to lower-than-expected inflation data. Apple reclaimed its $3-trillion market cap, while Nike shares fell after Q4 earnings missed estimates. Micron Technology's stock dropped despite better-than-expected Q3 results due to concerns over a Chinese ban on some of its products. The Biden administration's $42-billion investment plan for high-speed internet access boosted some internet provider stocks. Lordstown Motors filed for bankruptcy and received a delisting notice from Nasdaq.

Portfolio Pulse from Natan Ponieman

June 30, 2023 | 8:02 pm

GLBZ

John D. Long, President and CEO of Glen Burnie Bancorp (NASDAQ:GLBZ), the parent company of The Bank of Glen Burnie, has announced his intention to retire by the end of 2023. He will work with the Board of Directors to ensure a smooth leadership transition and will remain at the bank during this period. The Board has begun an executive search for his successor.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 8:02 pm

TSLA

RBC Capital Markets analyst Tom Narayan predicts Tesla's Q2 deliveries to be below consensus estimates, at 438,000 units, a 72% YoY increase and a 4% sequential estimate. This is compared to the consensus estimate of 446,823 units. Despite this, Narayan maintains an Outperform rating and a $305 price target for Tesla stock, and believes the company is on track to achieve its 1.8 million-unit sales target for 2023.

Portfolio Pulse from Shanthi Rexaline

June 30, 2023 | 8:01 pm

AAPL

AMZN

MSFT

NVDA

SPY

TSLA

The S&P 500 closed the first half of 2023 up about 16%, led by Apple, Microsoft, Amazon, Nvidia, and Tesla. The SPDR S&P 500 ETF Trust (SPY) and the S&P 500 are showing signs of a potential retracement due to a triple top pattern. A pullback is expected in the short term, especially with the Federal Reserve's decision on interest rates in late July. However, the bullish cycle could continue till the end of the year. Traders can use MIAX’s SPIKES Volatility products to play the potential volatility.

Portfolio Pulse from Melanie Schaffer

June 30, 2023 | 8:01 pm