Streetbeat News

Stock Prices

CRWD

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares are trading down following comments from Fed Chair Jerome Powell suggesting further rate hikes may be needed to curb inflation. CNBC's Joe Terranova sold his position in CrowdStrike.

Portfolio Pulse from Ryan Gustafson

June 21, 2023 | 6:41 pm

BABA

Alibaba announced management and board changes, with Eddie Yongming Wu succeeding Daniel Zhang as CEO and Joe Tsai taking over as Chair. Analyst Fawne Jiang reiterates a Buy rating and a $180 price target for Alibaba. The transition is expected to enhance corporate governance and drive technological innovations.

Portfolio Pulse from Anusuya Lahiri

June 21, 2023 | 6:41 pm

PLTR

Palantir Technologies Inc. (NYSE:PLTR) shares are trading down on Wednesday, following other software stocks trading lower after comments from Fed Chair Jerome Powell suggesting further rate hikes may be needed to curb inflation. The stock is also trading lower on high volume of 75 million shares, as opposed to the average of 65 million.

Portfolio Pulse from Ryan Gustafson

June 21, 2023 | 6:40 pm

OSW

Loop Capital analyst Laura Champine upgraded OneSpaWorld Holdings Limited (NASDAQ:OSW) to a Buy from Hold, with a price target of $13. The company's revenue growth is driven by average weekly revenue per ship, expected to grow by 20% in Q2 and 11% for the entire year. OneSpaWorld has exclusive contracts with major U.S. cruise lines, and its stock performance is disconnected from its fundamentals, creating a solid entry point for investors.

Portfolio Pulse from Nabaparna Bhattacharya

June 21, 2023 | 6:36 pm

META

Meta Platforms Inc's stock is trading lower by 0.60% due to rate hike comments from Fed Chair Powell. Higher interest rates may lead to reduced consumer spending, impacting businesses' advertising budgets and potentially resulting in lower ad revenue for Meta Platforms.

Portfolio Pulse from Henry Khederian

June 21, 2023 | 6:35 pm

FDX

Unusual options activity has been observed for FedEx (NYSE:FDX) with a mix of bullish and bearish sentiment. Whales have been targeting a price range of $170 to $250 for FedEx over the last 3 months. Analysts have maintained various ratings and price targets for the company.

Portfolio Pulse from Benzinga Insights

June 21, 2023 | 6:32 pm

RBLX

Roblox Corp (NYSE:RBLX) shares are trading lower by 7.88% to $38.48 during Wednesday's session due to rate hike comments from Fed Chair Powell. Higher interest rates can impact consumer spending patterns, potentially leading to a decrease in revenue for Roblox if its user base reduces spending.

Portfolio Pulse from Henry Khederian

June 21, 2023 | 6:32 pm

SPOT

Wolfe Research analyst Zach Morrissey upgraded Spotify (NYSE: SPOT) to Outperform with a price target of $190, citing strong user and subscriber growth, solid pricing power, and cost structure optimization. However, he also sees a potential slowdown in subscriber growth due to market saturation.

Portfolio Pulse from Lekha Gupta

June 21, 2023 | 6:31 pm

CALM

Stephens & Co analyst Ben Bienvenu reiterated an Equal Weight rating on Cal-Maine Foods Inc (NASDAQ:CALM) and lowered the price target from $60 to $50. The analyst has lowered Q4 adjusted EPS estimate to $2.12 from $2.85, FY23 adjusted EPS to $15.32 from $16.05, and FY24 adjusted EPS estimate to $4.20 from $4.88 due to lower egg prices and higher feed costs.

Portfolio Pulse from Shivani Kumaresan

June 21, 2023 | 6:31 pm

BIIB

Biogen (NASDAQ:BIIB) has outperformed the market over the past 15 years, producing an average annual return of 12.25%. A $1000 investment in BIIB 15 years ago would be worth $5,488.90 today.

Portfolio Pulse from Benzinga Insights

June 21, 2023 | 6:30 pm