Streetbeat News

Stock Prices

CCL

Carnival Corp (NYSE:CCL) shares are trading lower by 5.9% despite no company-specific news. The stock is down due to weakness in major indexes, rising Treasury yields, weakness in Morgan Stanley following its Q3 earnings, and softer-than-expected housing start data. The Israel-Hamas conflict has also caused travel uncertainty and U.S. airlines suspending flights to Israel, impacting the travel industry, including cruise stocks.

Portfolio Pulse from Henry Khederian

October 18, 2023 | 7:40 pm

RIOT

Riot Platforms, Inc. (NASDAQ:RIOT) shares are trading lower following a slight decline in the price of Bitcoin. The decline in RIOT's stock price may be due to the volatility of Bitcoin, which surged to $29,397.30 on Monday but has since pulled back. This follows a now-refuted rumor of Bitcoin spot ETF approval that had initially caused a spike in Bitcoin and related stocks.

Portfolio Pulse from Ryan Gustafson

October 18, 2023 | 7:38 pm

BKNG

CCL

FTCH

MGM

NCLH

POOL

RCL

W

Shares of companies in the consumer discretionary sector are trading lower due to overall market weakness, rising yields, and continued economic uncertainty.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 7:36 pm

NFLX

Netflix shares are trading lower ahead of the company's earnings report after the close.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 7:34 pm

SHEL

A large investor has taken a bearish stance on Shell (NYSE:SHEL), as indicated by a significant position in options. The overall sentiment of these big-money traders is split between 36% bullish and 63% bearish. The whales have been targeting a price range from $60.0 to $80.0 for Shell over the last 3 months. The price of SHEL is currently down -0.13% at $68.39.

Portfolio Pulse from Benzinga Insights

October 18, 2023 | 7:31 pm

CMI

Cummins (NYSE:CMI) has outperformed the market over the past 15 years, producing an average annual return of 14.68%. If an investor had bought $100 of CMI stock 15 years ago, it would be worth $737.19 today. The company currently has a market capitalization of $31.80 billion.

Portfolio Pulse from Benzinga Insights

October 18, 2023 | 7:30 pm

AME

AMETEK (NYSE:AME) has outperformed the market over the past 15 years, producing an average annual return of 16.54%. If an investor had bought $1000 of AME stock 15 years ago, it would be worth $9,645.62 today. The company currently has a market capitalization of $33.40 billion.

Portfolio Pulse from Benzinga Insights

October 18, 2023 | 7:30 pm

USO

The Biden administration is reportedly preparing to ease sanctions on Venezuela's oil and gas sector following a 2024 election deal between the Venezuelan government and its opposition. This move could be reversed if the Venezuelan government fails to lift bans on opposition presidential candidates and release political prisoners. The decision has led to a 1% increase in oil prices and a 1.6% increase in the United States Oil Fund (NYSE:USO).

Portfolio Pulse from Piero Cingari

October 18, 2023 | 7:30 pm

CHPT

ChargePoint Holdings Inc's (NYSE:CHPT) shares hit a new all-time low, falling by 11% to $3.24, despite no company-specific news. The stock's decline may be due to broader weakness in the EV sector and a rise in Treasury yields. The company's stock has seen a 40% decline in the past month, largely due to commitments from institutional investors for their $300 million convertible notes. The company also plans to modify the terms of their notes with the lead investor, which could be seen as a sign of financial stress.

Portfolio Pulse from Henry Khederian

October 18, 2023 | 7:26 pm

CAT

JBHT

Caterpillar, Inc. (NYSE:CAT) shares are trading lower due to rising Treasury yields and weak Q3 financial results from J.B. Hunt Transport Services (NASDAQ:JBHT). The rise in 30-year yields over 5% following President Joe Biden's announcement of a support package for Israel and the weak earnings report from J.B. Hunt have negatively impacted the industrial sector.

Portfolio Pulse from Ryan Gustafson

October 18, 2023 | 7:21 pm