Streetbeat News

Stock Prices

BIDU

Baidu Inc.'s shares are trading at $143.46, after a 2.77% increase. Over the past month, the stock went up by 16.05%, but fell by 5.20% in the past year. Baidu's P/E ratio is lower than the aggregate P/E of 58.15 of the Interactive Media & Services industry, which could indicate that the stock is undervalued. However, the P/E ratio should not be used in isolation, as other factors can also impact a company's stock price.

Portfolio Pulse from Benzinga Insights

June 27, 2023 | 4:47 pm

EWTX

Edgewise Therapeutics has announced 12-month topline results from the ongoing ARCH study of EDG-5506 in adults with Becker Muscular Dystrophy. This news has led to a rise in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2023 | 4:47 pm

AMZN

WBA

Walgreens Boots Alliance Inc (NASDAQ:WBA) missed earnings expectations for the first time since July 2020 and slashed its full year earnings guidance due to lower consumer spending and a drop in demand for Covid vaccines and testing. Despite this, the company topped revenue expectations with sales growing 8.6% YoY to $35.42 billion. The company's partnership with VillageMD and CareCentrix saw revenue growth of 22% and 15% respectively. However, the entry of Amazon.com Inc (NASDAQ:AMZN) into healthcare poses a significant threat to Walgreens' prospects.

Portfolio Pulse from Upwallstreet

June 27, 2023 | 4:46 pm

APLD

Applied Digital Corporation has issued Q4 revenue guidance below estimates, leading to a decrease in its share prices.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2023 | 4:44 pm

LNZA

LanzaTech Global has renewed a ten-year cooperation with Primetals Technologies to accelerate the deployment of integrated environmental solutions for the steel industry. This has led to a rise in LanzaTech's share prices.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2023 | 4:42 pm

THR

Banyan Hill's Micro Cap Newsletter has picked Thermon Group (THR) as a stock to watch. No specific reasons were given for the selection.

Portfolio Pulse from Happy Mohamed

June 27, 2023 | 4:42 pm

SNFCA

Security National Financial Corporation (SNFCA) has been included in the Russell 3000 Index, effective from June 26, 2023. This is the second time the company has been added to the index, with the first inclusion in June 2020. The Russell 3000 Index includes the 4,000 largest US stocks ranked by total market capitalization. The inclusion is seen as evidence of Security National's continued efforts to provide strong returns for investors.

Portfolio Pulse from Happy Mohamed

June 27, 2023 | 4:41 pm

COIN

Baupost Group CEO Seth Klarman praised Coinbase Global Inc (NASDAQ:COIN) and referred to the real estate market as his 'hunting grounds'. Despite the challenging investing environment, Klarman believes there are still opportunities, particularly in real estate due to its fundamental challenges causing urgent selling. He also mentioned that Coinbase, which he has exposure to, is doing 'smart things' and has a strong financial position.

Portfolio Pulse from Adam Eckert

June 27, 2023 | 4:39 pm

CAH

TIVC

Tivic Health Systems, Inc. (NASDAQ:TIVC) has signed a distribution agreement with Cardinal Health, Inc. (NYSE:CAH). The deal will allow Tivic Health to leverage Cardinal Health's network of 3.4 million patients. Tivic's shares are trading higher by 62.5% following the announcement.

Portfolio Pulse from Nabaparna Bhattacharya

June 27, 2023 | 4:38 pm

GS

TSLA

Despite a recent 11% drop in Tesla's share price, Goldman Sachs has expressed optimism about the company's future growth, raising its price target for Tesla from $185 to $248 per share. This comes after Tesla's shares experienced a 102% increase in value this year, followed by a sell-off at $276 per share. The stock closed at $241.05 on June 26, down by 5.98%.

Portfolio Pulse from Zaheer Anwari

June 27, 2023 | 4:35 pm