Streetbeat News

Stock Prices

EBAY

PZZA

SNBR

Three consumer discretionary stocks, Sleep Number Corp, Papa John's International, and eBay, are currently overbought according to their RSI values, indicating potential short-term price declines. Analysts have given neutral ratings, and recent price gains suggest caution for momentum investors.

Portfolio Pulse from Avi Kapoor

September 18, 2024 | 12:58 pm

COIN

DBX

EA

WYNN

The article discusses recent insider sales of shares by executives at four companies: Wynn Resorts, Dropbox, Coinbase Global, and Electronic Arts. Insider sales can indicate various factors, including preplanned sales or concerns about company prospects.

Portfolio Pulse from Avi Kapoor

September 18, 2024 | 12:57 pm

ME

Independent board members of 23andMe have resigned, citing CEO Anne Wojcicki's failure to present a viable proposal for taking the company private. Wojcicki's plan to privatize the company at 40 cents per share was rejected due to lack of premium and financing. The stock closed at $0.34.

Portfolio Pulse from Vandana Singh

September 18, 2024 | 12:51 pm

BABA

Alibaba has signed a five-year cloud service deal with Indonesia's GoTo Group, agreeing not to divest its stake in the company during this period. The deal comes as Alibaba faces challenges from domestic competition and U.S. sanctions. GoTo is currently unprofitable and has been restructuring.

Portfolio Pulse from Anusuya Lahiri

September 18, 2024 | 12:46 pm

NVDA

QCOM

Qualcomm's EU antitrust fine was slightly reduced by the General Court, but the majority of the fine was upheld. Qualcomm was found guilty of abusing its market position from 2009 to 2011 by selling chipsets at below-cost prices to eliminate competition. Despite contesting the fine, Qualcomm's claims were mostly rejected.

Portfolio Pulse from Nabaparna Bhattacharya

September 18, 2024 | 12:45 pm

SPY

The Federal Reserve is expected to announce a rate cut, with investor sentiment leaning towards a 50-basis-point reduction. However, Wall Street analysts favor a smaller cut due to potential risks of overheating the economy. Veteran investor Ed Yardeni warns that aggressive rate cuts could lead to rapid GDP growth and inflation, potentially causing a stock market surge. The SPDR S&P 500 ETF Trust (SPY) recently hit record highs ahead of the Fed's decision.

Portfolio Pulse from Piero Cingari

September 18, 2024 | 12:45 pm

OESX

Orion Energy Systems shares are rising following the announcement of over $2 million in project awards from an automotive OEM customer.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 12:40 pm

VCNX

Vaccinex has announced it raised $6.2 million in gross proceeds through the exercise of existing warrants and the issuance of new warrants for its common stock.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 12:38 pm

BCDA

BioCardia shares rose after the company announced it regained compliance with Nasdaq listing requirements.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 12:33 pm

BCDA

BioCardia has regained compliance with Nasdaq's listing requirements, ensuring its continued presence on the exchange.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 12:32 pm