Streetbeat News

Stock Prices

HD

Home Depot's (NYSE:HD) short percent of float has decreased by 4.04% since its last report, with 9.57 million shares sold short, representing 0.95% of all regular shares available for trading. This suggests that traders are becoming less bearish on the stock. Compared to its peers, Home Depot has less short interest, with the average for its peer group being 17.20%.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 6:45 pm

SPY

Federal Reserve Chair Jerome Powell has indicated that stronger growth over time could lead to inflation, which may necessitate a policy response. This could potentially impact the broader market, including ETFs like SPY.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 6:42 pm

SPY

Federal Reserve Chair Jerome Powell has stated that the June Consumer Price Index (CPI) report was welcome, but emphasized that it was only one month's report. This suggests that the Fed is not rushing to make policy changes based on a single data point.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 6:39 pm

MOND

JMP Securities analyst Nicholas Jones reiterated a Market Outperform rating on Mondee Holdings Inc (NASDAQ:MOND) with a price target of $13. The company is leveraging AI and M&A to expand and diversify. Mondee expects to recover ~50% of its China business by the end of the year and fully recover by the end of 2024. The company's shares are trading higher by 3.5% at $8.23.

Portfolio Pulse from Shivani Kumaresan

July 26, 2023 | 6:39 pm

ABVC

DXF

EEFT

SIMO

SNAP

VICR

The Federal Reserve has raised the federal funds rate by 0.25%, pushing borrowing costs to their highest level since February 2001. This news led to mixed trading for U.S. stocks, with the Dow up 0.29% and the NASDAQ and S&P 500 falling slightly. Silicon Motion Technology Corporation (SIMO), ABVC BioPharma, Inc. (ABVC), and Vicor Corporation (VICR) saw significant stock increases, while Dunxin Financial Holdings Limited (DXF), Snap Inc. (SNAP), and Euronet Worldwide, Inc. (EEFT) experienced notable drops.

Portfolio Pulse from Lisa Levin

July 26, 2023 | 6:39 pm

SNDL

TLRY

SNDL Inc. (NASDAQ:SNDL) and Tilray Brands, Inc. (NASDAQ:TLRY) shares are trading higher, with SNDL moving in sympathy with TLRY, which surged on strong quarterly results. SNDL announced the extension of the closing date for its partnership with Nova to Aug. 25.

Portfolio Pulse from Erica Kollmann

July 26, 2023 | 6:37 pm

SPY

Federal Reserve Chair Jerome Powell has stated that the effects of increases on demand in most rate-sensitive sectors are already being observed, but it will take time for the full effects to be realized.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 6:36 pm

SPY

Federal Reserve Chair Jerome Powell has stated that inflation has somewhat moderated, according to Reuters. This statement could potentially influence the overall market sentiment.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 6:35 pm

PII

KeyBanc analyst Noah Zatzkin has reiterated an Overweight rating on Polaris Inc (PII) and raised the price target from $135 to $145. The analyst cited a broad Q2 beat versus consensus with EPS +$0.21 on sales +$73 million. The analyst also raised FY23E EPS to $10.55 (from $10.25) and FY24E stands at $10.85 (from $10.70). PII shares are trading higher by 2.78% at $136.50 on the last check Wednesday.

Portfolio Pulse from Shivani Kumaresan

July 26, 2023 | 6:35 pm

SPY

Federal Reserve Chairman Jerome Powell has stated that the full effects of the central bank's tightening measures have not yet been felt. This statement suggests that the impact of the Fed's actions on the economy and the markets may be more significant in the future.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 6:33 pm