Streetbeat News

Stock Prices

NVDA

A significant number of investors have taken a bullish stance on NVIDIA (NASDAQ:NVDA), with 54% of investors opening trades with bullish expectations and 45% with bearish. Whales have been targeting a price range from $280.0 to $430.0 for NVIDIA over the last 3 months. The price of NVDA is up 2.0% at $416.38. Analysts have mixed opinions, with Mizuho and Rosenblatt downgrading their actions to Buy with price targets of $400 and $600 respectively, while Morgan Stanley maintains an Overweight rating with a price target of $500 and Daiwa Capital upgrades its action to Outperform with a price target of $475.

Portfolio Pulse from Benzinga Insights

June 30, 2023 | 1:51 pm

AAPL

A significant amount of unusual options activity has been detected for Apple (NASDAQ:AAPL), with a bearish stance taken by a whale investor. Of the 27 strange trades detected, 48% were bullish and 51% were bearish. The total amount for the 2 put trades was $128,703 and for the 25 call trades was $6,435,129. Whales have been targeting a price range from $95.0 to $225.0 for Apple over the last 3 months. The current price of AAPL is up 1.03% at $191.55. Several experts have maintained their positive ratings on Apple, with price targets ranging from $188 to $220.

Portfolio Pulse from Benzinga Insights

June 30, 2023 | 1:51 pm

ACCD

Accolade Inc (NASDAQ:ACCD) reported Q1 FY24 sales of $93.2 million, up 9% Y/Y, beating the consensus of $90.30 million. The company posted an EPS loss of $(0.52), better than the consensus of $(0.62) and much lower than the $(4.92) posted a year ago. For FY24, Accolade expects revenue of $410-$414 million. William Blair (Outperform) notes that the company's strong FY23 bookings and three-year average contract length provide substantial visibility into 2025. ACCD shares are up 11.87% at $14.14 on the last check Friday.

Portfolio Pulse from Vandana Singh

June 30, 2023 | 1:50 pm

AAPL

MSFT

SPY

Apple Inc. has become the first US company to reach a $3 trillion market cap, with its stock rising 1.3% to a new all-time high of $192. This has resulted in a $500 billion lead over its closest competitor, Microsoft Corp. Apple's stock has gained about 53% this year, marking its best-performing semester since January 2009. However, Apple's current forward P/E ratio of 30, significantly higher than its 10-year historical average of 18x, might trigger worries about the stock's current overvaluation.

Portfolio Pulse from Piero Cingari

June 30, 2023 | 1:47 pm

ATXG

Shares of Addentax Group Corp. (ATXG) have been halted due to a circuit breaker triggered by a significant upward movement in the stock price.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 1:44 pm

BCHUSD

BTCUSD

COMPUSD

ETHUSD

LTCUSD

MKRUSD

PAXGUSD

XECUSD

Bitcoin (BTC) and Ethereum (ETH) traded higher, with BTC surpassing the $31,000 mark. eCash (XEC) was the top gainer over the past 24 hours, while Toncoin (TON) was the biggest loser. The global crypto market cap rose to $1.2 trillion, recording a 24-hour gain of 1.5%. Other notable gainers include Bitcoin Cash (BCH), Compound (COMP), Litecoin (LTC), and Maker (MKR).

Portfolio Pulse from Lisa Levin

June 30, 2023 | 1:36 pm

EXR

GNL

Three high-dividend yield real estate stocks have been recommended by Wall Street's most accurate analysts. These include Global Net Lease, Inc. (GNL) with a dividend yield of 16.05%, Realty Income Corporation (O) with a dividend yield of 5.10%, and Extra Space Storage Inc. (EXR) with a dividend yield of 4.38%. Recent news for these companies include the expiration of 'Go-Shop' period for GNL's proposed merger, transition of CFO and Treasurer roles at Realty Income, and downbeat Q1 property rental revenue for Extra Space Storage.

Portfolio Pulse from Lisa Levin

June 30, 2023 | 1:35 pm

ALV

Autoliv Inc (NYSE:ALV) has retired 475,292 shares of common stock that had been repurchased during the quarter, reducing the total number of issued shares to 90.24 million. The company currently holds 4.868 million shares of common stock in treasury. Autoliv also announced plans to continue with its repurchase program, authorizing the repurchase of up to $1.5 billion or up to 17 million common shares by the end of 2024.

Portfolio Pulse from Akanksha Bakshi

June 30, 2023 | 1:35 pm

CVX

Chevron Corporation is considering selling several oil and gas properties in New Mexico and Texas to reduce its acreage. The company has been divesting properties in the Permian Basin of West Texas and New Mexico, where it is the most prominent publicly-traded oil and gas producer. Chevron recently auctioned for a parcel covering 2,134 net acres in New Mexico and a second surrounding 29,901 acres in New Mexico and Texas, with a combined value of about $100 million.

Portfolio Pulse from Nabaparna Bhattacharya

June 30, 2023 | 1:33 pm

ABNB

COST

PINS

YELP

Insiders at Pinterest, Costco, Airbnb, and Yelp have recently sold significant amounts of shares. Pinterest's former CFO sold 60,705 shares, Costco's director sold 1,565 shares, Airbnb's director sold 516,667 shares, and Yelp's COO sold 6,000 shares. These sales could indicate concerns about the companies' prospects or that the insiders view the stocks as overpriced. However, insider sales should not be the sole indicator for investment decisions.

Portfolio Pulse from Lisa Levin

June 30, 2023 | 1:33 pm