Streetbeat News

Stock Prices

PDD

A whale investor has taken a bullish stance on PDD Holdings (NASDAQ:PDD), with 64% of detected trades having bullish expectations. Whales have been targeting a price range of $62 to $100 for PDD Holdings over the last 3 months. The stock is currently up 5.86% at $72.05, with RSI indicators suggesting it may be approaching overbought territory.

Portfolio Pulse from Benzinga Insights

June 06, 2023 | 4:31 pm

LMT

SPCE

Whistleblower testimony suggests the US and other countries possess non-human, off-planet exotic materials, potentially impacting the future of space travel. Virgin Galactic (NASDAQ:SPCE) and Lockheed Martin (NYSE:LMT) are likely to benefit from technological breakthroughs in this area.

Portfolio Pulse from Ryan Glosier

June 06, 2023 | 4:30 pm

LRCX

Lam Research (NASDAQ:LRCX) has outperformed the market over the past 20 years, producing an average annual return of 19.37% and a market capitalization of $82.37 billion. An investment of $1000 in LRCX 20 years ago would be worth $32,843.52 today.

Portfolio Pulse from Benzinga Insights

June 06, 2023 | 4:30 pm

KLAC

KLA (NASDAQ:KLAC) has outperformed the market over the past 10 years, producing an average annual return of 23.65%. An investment of $100 in KLAC 10 years ago would be worth $814.31 today.

Portfolio Pulse from Benzinga Insights

June 06, 2023 | 4:30 pm

BTCUSD

Nassim Nicholas Taleb, author of 'The Black Swan,' criticized Bitcoin, comparing it to the mafia and questioning its hedging capabilities. He has previously labeled Bitcoin an 'open Ponzi,' a 'failed currency,' and a 'magnet for idiots.' Taleb's skepticism contributes to the ongoing debate about cryptocurrencies' role and value in the global economy.

Portfolio Pulse from Benzinga Newsbot

June 06, 2023 | 4:29 pm

MAR

Marriott International has signed a deal with Hiap Hoe Limited to launch its Aloft Hotels brand in Singapore, with the first property expected to open in Q3 2023. The 785-room Aloft Singapore Novena hotel will be the largest Aloft in the world. Marriott recently reported Q1 FY23 sales growth of 34% YoY to $5.62 billion.

Portfolio Pulse from Lekha Gupta

June 06, 2023 | 4:28 pm

WMT

Walmart's remodeled store locations saw a 10% reduction in apparel inventory, yet sales increased, according to a company executive at the TD Cowen Conference.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2023 | 4:28 pm

CSIQ

FSLR

JKS

RUN

SPWR

The EIA predicts that US solar generation in the summer of 2023 will grow by 24% compared to the previous year, potentially benefiting solar companies such as CSIQ, FSLR, JKS, RUN, and SPWR.

Portfolio Pulse from Charles Gross

June 06, 2023 | 4:27 pm

AI

AMD

IVA

SDA

WLDS

Benzinga's Stock Whisper Index highlights five stocks that warrant attention: Wearable Devices Ltd (WLDS), Inventiva (IVA), Advanced Micro Devices (AMD), C3.AI Inc (AI), and SunCar Technologies Group Inc (SDA). WLDS announced commercial manufacturing of Mudra Brand for Apple Watch, IVA received analyst updates, AMD's performance is compared to Nvidia's (NVDA), AI reported better-than-expected Q4 results, and SDA went public via a SPAC merger.

Portfolio Pulse from Chris Katje

June 06, 2023 | 4:22 pm

RUN

Sunrun (RUN) sees a surge in July 21 $20 call options at the ask price, with 1500 contracts traded at $1.69, compared to 949 open interest. Earnings are expected on August 2 after market close.

Portfolio Pulse from Charles Gross

June 06, 2023 | 4:18 pm