Streetbeat News

Stock Prices

ACHR

AFRM

APLD

AUR

BTAI

CALT

DNA

EXAI

JOBY

OPAD

PROK

PTON

RKT

RUN

RXT

SOUN

STEM

TDOC

TWLO

UPST

WBX

US stocks traded lower with the Dow Jones dropping over 450 points. Applied Digital Corporation (APLD) dipped 14.1% after a short report by Wolf Pack Research. Affirm Holdings (AFRM) dropped 14% following a downgrade from Piper Sandler. Other stocks that recorded losses include SoundHound AI (SOUN), BioXcel Therapeutics (BTAI), ProKidney Corp (PROK), Offerpad Solutions (OPAD), Calliditas Therapeutics (CALT), Exscientia (EXAI), Aurora Innovation (AUR), Sunrun (RUN), Archer Aviation (ACHR), Joby Aviation (JOBY), Wallbox (WBX), Stem (STEM), Peloton Interactive (PTON), Rocket Companies (RKT), Upstart Holdings (UPST), Ginkgo Bioworks Holdings (DNA), Wayfair (W), Block (SQ), Rackspace Technology (RXT), Teladoc Health (TDOC), and Twilio (TWLO).

Portfolio Pulse from Lisa Levin

July 06, 2023 | 4:49 pm

ABNB

Airbnb shares are trading lower due to concerns over potential rate hikes. Further rate hikes could slow the economy and negatively impact travel demand.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 4:48 pm

OMC

Omnicom Group Inc has announced the acquisition of Grabarz & Partner, a creative agency based in Hamburg, Germany. The financial terms of the deal were not disclosed. The acquisition is expected to close in Q3 2023. The move is aimed at boosting Omnicom's presence in Germany. Omnicom's shares are currently trading lower by 2.18% at $91.99.

Portfolio Pulse from Lekha Gupta

July 06, 2023 | 4:47 pm

PTON

Peloton shares are trading lower due to overall market weakness on concerns about rate hikes.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 4:47 pm

CAT

A significant bearish stance has been taken on Caterpillar (NYSE:CAT) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 27% bullish and 72% bearish. The whales have been targeting a price range from $220.0 to $260.0 for Caterpillar over the last 3 months. DA Davidson has downgraded its action to Neutral with a price target of $263.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 4:46 pm

VLO

A significant amount of unusual options activity has been detected for Valero Energy (NYSE:VLO), with a majority of investors taking a bullish stance. The trades range from $65.0 to $115.0 for Valero Energy over the last 3 months. The price of VLO is currently down -2.78% at $113.51. Raymond James and B of A Securities have maintained their Strong Buy and Buy ratings on Valero Energy, respectively, with price targets of $150 and $160.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 4:46 pm

LCID

Lucid Group shares are experiencing a downturn due to a general weakness in the electric vehicle (EV) and growth stocks sectors.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 4:45 pm

AAPL

Apple Inc. is reportedly reducing its production forecasts for the Vision Pro headset due to production delays. Despite this, Jim Cramer believes the device will be a game changer and advises investors not to worry about the production cut. He suggests that the headset will provide unique experiences, such as feeling like being in the front row of a concert, which justifies its high price. Apple shares were down 0.35% at the time of the report.

Portfolio Pulse from Adam Eckert

July 06, 2023 | 4:45 pm

CCS

DHI

KBH

LEN

MTH

NVR

PHM

TPH

Shares of homebuilders are trading lower due to concerns over potential further rate hikes, which could negatively impact the housing market.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 4:41 pm

SLB

Schlumberger N.V. (NYSE:SLB) has secured a five-year contract from Petrobras for the deployment of their Delfi digital platform across the enterprise. This contract represents Petrobras' largest investment in cloud-based technologies and is expected to enhance total operations production. The deal will facilitate Petrobras' digital transformation, including the transition of subsurface workflows to the cloud. SLB's Q1 2023 cash flow from operations was $330 million, compared to $131 million in Q1 2022.

Portfolio Pulse from Lekha Gupta

July 06, 2023 | 4:40 pm