Streetbeat News

Stock Prices

AVGO

Broadcom (NASDAQ:AVGO) has outperformed the market over the past 10 years, producing an average annual return of 36.8%. An investment of $100 in AVGO stock 10 years ago would be worth $2,321.64 today.

Portfolio Pulse from Benzinga Insights

June 21, 2023 | 5:00 pm

ACGL

FTV

MAR

CNBC's Halftime Report discussed final trades, mentioning Marriott International (MAR), Arch Capital Group (ACGL), and Fortive (FTV).

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 5:00 pm

TBLT

Shares of ToughBuilt Industries fell by over 46% after pricing its share offering at $0.41 per share. Other stocks that experienced significant movement include Advanced Health Intelligence, Ocean Biomedical, LumiraDx, Catalyst Biosciences, PureCycle Technologies, Mullen Automotive, and World Acceptance Corporation.

Portfolio Pulse from Lisa Levin

June 21, 2023 | 4:57 pm

SPY

Federal Reserve Chairman Jerome Powell warns of commercial real estate losses in the office and mall sectors, which may lead to a difficult time for banks with a high concentration of those loans.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 4:56 pm

ARBK

BTBT

MSTR

Crypto-related stocks MicroStrategy, Bit Digital, and Argo Blockchain are moving higher due to gains in the crypto market, led by Bitcoin and Ethereum. The market is benefiting from positive developments such as the launch of EDX Markets exchange, backed by Charles Schwab, Fidelity, and Citadel Securities, and BlackRock's application for a spot Bitcoin ETF.

Portfolio Pulse from Erica Kollmann

June 21, 2023 | 4:54 pm

NKE

QQQ

SPY

TSLA

In the sixth week of Benzinga's series comparing ChatGPT's investment portfolio to 10 top-performing US equity funds, the AI-constructed portfolio outperformed 7 of the 10 funds, maintaining a solid fourth place with a 7.21% gain. Tesla (TSLA) remains the star performer, up 59%, while Nike (NKE) is down 6.27%.

Portfolio Pulse from AJ Fabino

June 21, 2023 | 4:51 pm

SPY

Fed's Goolsbee admits that the Federal Reserve failed to prevent inflation and that their forecasting was mistaken. He states that inflation is pervasive around the world and the Fed's current framework is 'wait and see'.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 4:48 pm

SPY

Fed's Goolsbee expects to see clearer indications on the persistence of inflation in the coming months, with goods inflation potentially decreasing and housing inflation falling by the fall.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 4:47 pm

ALDX

Aldeyra Therapeutics received a Complete Response Letter from the FDA for the NDA of ADX-2191 due to lack of substantial evidence of effectiveness. The company plans to discuss ADX-2191 for PVRL with the FDA and explore an Expanded Access Program protocol. ALDX shares are down 24.80%.

Portfolio Pulse from Vandana Singh

June 21, 2023 | 4:43 pm

FDX

FedEx Corp (NYSE:FDX) shares dropped in premarket trading despite reporting better-than-expected earnings for its fiscal Q4. Analysts highlighted the company's focus on cost savings and improving revenue quality, with Morgan Stanley raising its price target from $180 to $186.

Portfolio Pulse from Priya Nigam

June 21, 2023 | 4:42 pm