Streetbeat News

Stock Prices

TRUP

Trupanion (TRUP) experienced a sweep of 555 Fri $35 puts below bid at $4.5, compared to 28 open interest. Earnings are expected on 8/2 after market close.

Portfolio Pulse from Charles Gross

June 13, 2023 | 3:08 pm

BBWI

CPRI

JWN

LULU

URBN

Morgan Stanley analyst Alex Straton reevaluated retail stocks, upgrading Urban Outfitters (URBN) to Overweight and raising its price target to $41, while downgrading Capri Holdings (CPRI) to Equal-Weight with a lowered price target of $40. Straton reiterated Underweight ratings for Nordstrom (JWN), Bath & Body Works (BBWI), and Lululemon Athletica (LULU).

Portfolio Pulse from AJ Fabino

June 13, 2023 | 3:08 pm

AMD

AMD shares are trading higher ahead of the company's AI event and the announcement of new processors for business users. The event will showcase AMD's growth strategy, product portfolio, and capabilities for data center and AI, with a focus on new products and momentum across data center, AI, and adaptive and high-performance computing solutions.

Portfolio Pulse from Adam Eckert

June 13, 2023 | 3:07 pm

HPP

Hudson Pacific Properties (NYSE:HPP) announced a quarterly dividend of 12.5 cents per share, with the ex-dividend date set for Friday. Shareholders owning HPP stock by the end of Thursday's session will be eligible for the dividend payout, which will be distributed on June 30, 2023.

Portfolio Pulse from Benzinga Insights

June 13, 2023 | 2:46 pm

CTLT

Catalent (NYSE:CTLT) reported Q3 sales of $1.04 billion and a loss of $227 million, a 380.25% decrease from last quarter. The company posted a negative Return On Capital Employed (ROCE) of -0.05%, suggesting inefficient capital allocation. Q3 earnings per share were $-0.09, missing analyst predictions of $-0.03.

Portfolio Pulse from Benzinga Insights

June 13, 2023 | 2:46 pm

HVT

JAKK

JILL

SKY

VIRC

Benzinga Insights identifies five value stocks in the consumer cyclical sector: Jakks Pacific (JAKK), Virco Mfg (VIRC), J.Jill (JILL), Skyline Champion (SKY), and Haverty Furniture Cos (HVT). These stocks have low P/E multiples, indicating they may be undervalued.

Portfolio Pulse from Benzinga Insights

June 13, 2023 | 2:44 pm

ASYS

GEN

TSRI

VSH

YALA

The article highlights notable value stocks in the technology sector, including Amtech Systems, Vishay Intertechnology, Yalla Group, Gen Digital, and TSR. These companies have low P/E multiples, indicating they may be undervalued. However, the risk of investing in value stocks is that their undervalued position may not rebound.

Portfolio Pulse from Benzinga Insights

June 13, 2023 | 2:41 pm

LSEA

MEI

Methode Electronics, Beneficient, Cibus, Chijet Motor Company, Super Micro Computer, Compass, Landsea Homes, AvePoint, Brookfield Renewable Partners, HubSpot, and Biogen stocks experienced declines on Tuesday. Methode Electronics reported worse-than-expected preliminary Q4 results, while Landsea Homes' largest shareholder priced a secondary stock offering.

Portfolio Pulse from Lisa Levin

June 13, 2023 | 2:36 pm

AMZN

STLA

Stellantis N.V. announced that Merchants Fleet will purchase 12,500 units of the all-new Ram ProMaster Electric Vans over the next several years. The Ram ProMaster EV, set to launch later this year, will be Stellantis' first fully electric van in North America. This follows a previous announcement with Amazon as the first commercial customer for the new Ram ProMaster EV.

Portfolio Pulse from Nabaparna Bhattacharya

June 13, 2023 | 2:34 pm

PLAY

Dave & Buster's Entertainment shares are up after Raymond James issued a note stating that the company has unveiled a multi-pronged strategy that could result in adjusted EBITA of $1 billion over the next 3 years, compared to the previous estimate of $527 million.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 2:32 pm