Streetbeat News

Stock Prices

TSLA

Tesla's shares are trading higher following the company's report of strong Q2 deliveries.

Portfolio Pulse from Bill Haddad

July 03, 2023 | 11:13 am

AEI

CCLP

OCEL

Insiders at CSI Compressco LP (CCLP), Organicell Regenerative Medicine, Inc. (OCEL), and Alset Inc. (AEI) have been aggressively buying shares of their respective companies. This could indicate their confidence in the companies' prospects. CSI Compressco recently posted a narrower quarterly loss, Organicell Regenerative Medicine appointed a new Executive Vice President and Chief Science Officer, and Alset's stock dropped 14% over the past month.

Portfolio Pulse from Lisa Levin

July 03, 2023 | 11:08 am

JELD

JELD-WEN Holding, Inc. has completed the sale of its Australasia business to Platinum Equity, generating net proceeds of approximately $446 million. The company plans to use the funds to repay debt. The sale allows JELD-WEN to focus on its core regions, North America and Europe. Following the announcement, JELD shares are trading higher by 2.62% to $18 in the premarket session.

Portfolio Pulse from Nabaparna Bhattacharya

July 03, 2023 | 11:05 am

AGFY

Agrify's board has approved a 1-for-20 reverse stock split, effective from July 5, 2023. The move is aimed at increasing the per share trading price of the company's common stock to meet the minimum bid price requirement for continued listing on the Nasdaq Capital Market.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2023 | 11:02 am

DWAC

QQQ

SPY

TSLA

The US stock market is expected to open with caution due to recent strong gains and key events. Despite the Federal Reserve's indication of future rate hikes, the market closed the week, quarter, and half year with solid gains. Analyst Ryan Detrick predicts a strong run for the S&P 500 Index in the second half of the year. In premarket trading, SPDR S&P 500 ETF Trust (SPY) rose 0.14% and the Invesco QQQ ETF (QQQ) gained 0.29%. Tesla (TSLA) rose over 6% after reporting record Q2 deliveries. Digital World Acquisition Corp. (DWAC) gained over 3% amid Twitter's woes.

Portfolio Pulse from Shanthi Rexaline

July 03, 2023 | 11:01 am

ACMR

BABA

FIS

LILM

NIO

TSLA

XPEV

Several stocks are recording gains in pre-market trading. XPeng Inc. shares jumped 10.7% after announcing a significant increase in vehicle deliveries for June and Q2 2023. Lilium N.V. shares gained 9.7% following a 15% jump on Friday. ACM Research, Inc. shares rose 8.5% after Jefferies upgraded its rating from Underperform to Buy. Fidelity National Information Services, Inc. shares climbed 9.7% as private equity groups are exploring buying a majority stake in its Worldpay. Li Auto Inc. shares gained 6.3% as the company reported a 150.1% YoY surge in June deliveries. Tesla, Inc. climbed 6.2% after reporting record Q2 deliveries. NIO Inc. gained 6.1% despite a 17.4% YoY slump in June deliveries. Alibaba Group Holding Limited gained 2.3% amid market expectations of improved U.S.-China relations.

Portfolio Pulse from Lisa Levin

July 03, 2023 | 10:55 am

AAPL

AMZN

BBY

Retailers are offering discounts on several products for the 4th of July sales, including Apple's MacBooks and iPads, Amazon's Fire TV, LG's OLED 4K Smart TV, Samsung's Galaxy S23 Ultra, Apple's AirPods, and electric bikes and scooters. The discounts are available on Amazon and Best Buy.

Portfolio Pulse from Rounak Jain

July 03, 2023 | 10:53 am

AJX

EFC

Ellington Financial is set to acquire Great Ajax for $7.33 per share, representing a 19% premium to the Great Ajax common stock closing price on the NYSE on June 30, 2023.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2023 | 10:52 am

AAPL

TSLA

UAL

Over the weekend, Tesla reported record Q2 deliveries, Twitter implemented limitations on daily tweet reads, Florida Governor Ron DeSantis' net worth increased significantly due to book royalties, a controversial alimony law was signed in Florida, and US Treasury Secretary Janet Yellen is set to visit China. Reports also suggest that Goldman Sachs is considering ending its consumer lending operation with Apple, and United Airlines is compensating passengers affected by delays and cancellations with frequent flyer miles.

Portfolio Pulse from Benzinga Newsbot

July 03, 2023 | 10:51 am

FIS

Shares of Fidelity National Information Services (FIS) rose by 6% in premarket trading following a report by the Financial Times that private equity firms are looking to acquire a majority stake in Worldpay, a subsidiary of FIS.

Portfolio Pulse from Charles Gross

July 03, 2023 | 10:45 am