Streetbeat News

Stock Prices

AMZN

NVDA

PLTR

TSLA

XLK

The U.S. equity market is showing strength on Thursday, with large-cap technology-related stocks outperforming. The Technology Select Sector SPDR (NYSE:XLK) is up 0.81% to $164.74. Palantir Technologies, Amazon, Tesla, and Nvidia are all experiencing gains.

Portfolio Pulse from Ryan Glosier

June 08, 2023 | 4:21 pm

ABNB

BKNG

EXPE

Wells Fargo analyst Brian Fitzgerald initiates coverage on Airbnb, Booking Holdings, and Expedia Group with Underweight ratings, citing high competitive intensity and lower pricing. He sets price targets of $99 for ABNB, $2257 for BKNG, and $93 for EXPE.

Portfolio Pulse from Anusuya Lahiri

June 08, 2023 | 4:21 pm

GS

Goldman Sachs Group (GS) predicts a mini stagflation scenario with sluggish growth and higher inflation, leading to a stricter environment for capital markets and financing. The bank's president, John Waldron, stated that they are running the firm tighter and being more cautious.

Portfolio Pulse from Nabaparna Bhattacharya

June 08, 2023 | 4:14 pm

MGRX

Mangoceuticals shares are up following the announcement of a deal to market its Mango product on a Barstool Sports podcast.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 4:12 pm

PLTK

Playtika shares resumed trading after a circuit breaker halt. The halt was triggered due to a rapid decline in the stock price.

Portfolio Pulse from Happy Mohamed

June 08, 2023 | 4:10 pm

OXM

Oxford Industries reported Q1 financial results and issued Q2 and FY24 guidance below estimates, causing shares to trade lower. Citigroup maintained a Neutral rating on the stock and lowered its price target from $110 to $101.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 4:07 pm

PLTK

Playtika shares were halted on a circuit breaker to the upside, with the stock now up 6.2%.

Portfolio Pulse from Happy Mohamed

June 08, 2023 | 4:06 pm

BABA

BIDU

BILI

JD

Alibaba and other Chinese tech stocks are trading higher as leading Chinese banks lowered rates on deposit products to boost growth. This move comes in response to Chinese authorities' call to cut deposit rates for the second time in less than a year.

Portfolio Pulse from Anusuya Lahiri

June 08, 2023 | 4:03 pm

PACW

In the last quarter, 11 analysts rated PacWest Banc (NASDAQ:PACW) with an average price target of $18.25, a 19.78% decrease from the previous average of $22.75. The current price of PacWest Banc is $9.145, implying an upside potential.

Portfolio Pulse from Benzinga Insights

June 08, 2023 | 4:03 pm

FIGS

In the last quarter, FIGS (NYSE:FIGS) received 1 bullish, 4 somewhat bullish, and 1 somewhat bearish analyst rating. The average 12-month price target for the company is $8.83, with a high of $11.00 and a low of $5.00. The average price target has increased by 3.88% over the past month.

Portfolio Pulse from Benzinga Insights

June 08, 2023 | 4:02 pm