Streetbeat News

Stock Prices

GIII

G-III Apparel Group shares are trading lower due to potential profit-taking after the company reported strong earnings on Tuesday.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 4:30 pm

NVDA

Goldman Sachs predicts that widespread adoption of AI could boost productivity growth by 1.5 percentage points per year, leading to a 5-14% rise in S&P 500 fair value. However, the bank warns of risks associated with high valuations of companies like NVIDIA Corporation.

Portfolio Pulse from Piero Cingari

June 07, 2023 | 4:29 pm

AR

CHK

CTRA

DVN

EQT

FANG

HES

HP

HPK

MTDR

SM

VLO

Oil and energy-related stocks are trading higher due to Saudi Arabia's announcement of an oil production cut and an increase in China's crude imports.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 4:28 pm

AMD

AMD stock is trading lower on profit-taking, despite positive news from the Bank of America 2023 Global Technology Conference and analyst re-ratings. AMD disclosed its improving cloud footprint and plans to reveal their AI strategy next week. Piper Sandler and Citigroup analysts raised their price targets for AMD.

Portfolio Pulse from Anusuya Lahiri

June 07, 2023 | 4:25 pm

NIO

NIO Inc's shares are trading lower by 2.29% to $7.69, potentially due to anticipation of the company's Q1 earnings report on Friday and lackluster export data from China. China's Customs Bureau data showed a 7.5% YoY decline in May exports, and imports contracted by 4.5%.

Portfolio Pulse from Henry Khederian

June 07, 2023 | 4:24 pm

AUR

MBLY

Canaccord Genuity analyst George Gianarikas initiated coverage of Mobileye Global Inc (NASDAQ:MBLY) and Aurora Innovation Inc (NASDAQ:AUR) with Buy ratings and price targets of $50 and $5, respectively. Mobileye has a 70% share in the global ADAS market, while Aurora has strong management and potential to dominate the US autonomous trucking market.

Portfolio Pulse from Priya Nigam

June 07, 2023 | 4:22 pm

NVDA

Nvidia Corp (NASDAQ:NVDA) entered the $1 trillion market capitalization club, driven by AI demand. JP Morgan analyst Harlan Sur reiterated an Overweight rating on Nvidia, citing strong data center, automotive, and gaming trends. Nvidia Director Harvey C Jones sold 70,205 shares at an average price of $405.00.

Portfolio Pulse from Anusuya Lahiri

June 07, 2023 | 4:20 pm

CMG

A whale has taken a bullish stance on Chipotle Mexican Grill (NYSE:CMG), with 50% of investors opening trades with bullish expectations and 50% with bearish. Whales have been targeting a price range of $1680 to $2060 for CMG over the last 3 months. TD Cowen maintains an Outperform rating with a price target of $2350, while Argus Research maintains a Buy rating with a price target of $2400.

Portfolio Pulse from Benzinga Insights

June 07, 2023 | 4:17 pm

COP

Unusual options activity has been observed for ConocoPhillips (NYSE:COP), with 11 uncommon options trades spotted. The sentiment of these big-money traders is split between 45% bullish and 54% bearish. Whales have been targeting a price range from $70.0 to $115.0 for ConocoPhillips over the last 3 months.

Portfolio Pulse from Benzinga Insights

June 07, 2023 | 4:16 pm

QQQ

SPY

In the fourth week of Benzinga's experiment, ChatGPT's portfolio outperformed six of the top ten US equity funds, with a gain of 4.51%. The AI-curated portfolio is now in fourth place, competing against heavyweights like SPDR S&P 500 ETF (NYSE:SPY) and Invesco QQQ Trust (NASDAQ:QQQ).

Portfolio Pulse from AJ Fabino

June 07, 2023 | 4:13 pm