Streetbeat News

Stock Prices

AMD

NVDA

Large-cap semiconductor stocks are trading higher due to continued optimism in the AI sector.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 4:28 pm

TSLA

Tesla shares are up as the Energy Department confirms all Model 3 variants qualify for a $7,500 EV tax credit, and the company plans to produce 375,000 Cybertrucks per year.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 4:25 pm

KPRX

PRPO

VOD

On Thursday, 35 stocks hit new 52-week lows, with Vodafone Group being the largest company by market cap and Precipio being the biggest loser, trading down 33.09%. Kiora Pharmaceuticals made the biggest bounce back, moving up 0.04% after hitting a new 52-week low.

Portfolio Pulse from Benzinga Insights

June 08, 2023 | 4:25 pm

CVNA

DBI

SIG

The Nasdaq Composite gained over 100 points on Thursday, with consumer discretionary shares jumping by 1.5%. Signet Jewelers' shares dropped around 10% after posting upbeat Q1 results but lowering guidance. Carvana Co. and Designer Brands Inc. saw significant gains, while energy shares fell by 1.2%.

Portfolio Pulse from Lisa Levin

June 08, 2023 | 4:24 pm

BNBUSD

COIN

ETHUSD

The crypto community has created a parody token called 'Good Gensler' (CRYPTO:GENSLR) in response to the SEC's crackdown on cryptocurrency giants like Binance (CRYPTO: BNB) and Coinbase Global Inc (NASDAQ:COIN). The token has a market cap of $3 million but is considered highly speculative and volatile.

Portfolio Pulse from Jose Rodrigo Safdiye

June 08, 2023 | 4:23 pm

AMZN

WFC

Amazon shares rose over 3% after a report suggested the company plans to launch an ad-supported Prime Video streaming service tier. Wells Fargo analyst Ken Gawrelski initiated coverage on Amazon with an Overweight rating and a $159 price target.

Portfolio Pulse from AJ Fabino

June 08, 2023 | 4:22 pm

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