Streetbeat News

Stock Prices

AMAT

Unusual options activity has been detected for Applied Mat (NASDAQ:AMAT), with a majority of investors taking a bearish stance. 8 puts and 3 calls were spotted, with a total amount of $338,414 and $85,392, respectively. Whales have been targeting a price range of $100 to $190 for Applied Mat over the last 3 months.

Portfolio Pulse from Benzinga Insights

June 02, 2023 | 6:31 pm

VMW

Recent unusual options activity shows a bearish stance on VMware (NYSE: VMW), with 60% of investors having bearish expectations. Whales have been targeting a price range of $110 to $140 for VMware over the last 3 months. Analysts from Piper Sandler, Mizuho, and UBS maintain a Neutral rating on the stock.

Portfolio Pulse from Benzinga Insights

June 02, 2023 | 6:30 pm

ETSY

Needham analyst Anna Andreeva reiterated a Buy rating on Etsy, Inc. (NASDAQ:ETSY) but lowered the price target to $130 from $160. The analyst warns of EBITDA margin compression as Etsy invests in buyer stickiness and expects a decline in Habitual buyers. However, Repeat buyer numbers remain steady at 40% of the base.

Portfolio Pulse from Nabaparna Bhattacharya

June 02, 2023 | 6:30 pm

USO

OPEC+ is considering an additional oil production cut as one of the possible options for their June 4 meeting, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 6:30 pm

MMV

ONCR

S

U.S. stocks extended gains on Friday, with the Dow Jones gaining around 700 points, NASDAQ rising 1%, and S&P 500 gaining 1.46%. The U.S. economy added 339,000 jobs in May, surpassing market estimates of 190,000. However, the unemployment rate increased to 3.7%. Notable stock movements include MultiMetaVerse Holdings (MMV) surging 188%, SentinelOne (S) dropping 37%, and Oncorus (ONCR) falling 42%.

Portfolio Pulse from Lisa Levin

June 02, 2023 | 6:30 pm

CPTR

Oliver Summers, once a street-level pot dealer, is now the CEO of publicly traded cannabis company Chai Cannabis Co. (CSE:CPTR). His journey from illegal pot dealer to corporate cannabis CEO is detailed in his upcoming book, 'The Duke Of Pico: Illegal Pot Dealer To Corporate Cannabis CEO In Thirty Years'.

Portfolio Pulse from Javier Hasse

June 02, 2023 | 6:29 pm

ASAN

Asana reported Q1 FY24 revenue growth of 26% Y/Y to $152.4 million, beating consensus estimates. Analysts maintain a cautious outlook due to future moderation, despite the revenue beat and margin improvement. Price targets have been raised by JMP Securities, Oppenheimer, and Piper Sandler.

Portfolio Pulse from Anusuya Lahiri

June 02, 2023 | 6:29 pm

PKST

Truist Securities analyst Anthony Hau initiated coverage on Peakstone Realty Trust (NYSE:PKST) with a Hold rating and a price target of $24. Hau is bullish on PKST's valuation but believes the company's transition into an industrial REIT may take years and lead to earnings dilution. He also expects near-term cash flow growth to be challenging due to lower leverage and high general & administrative expenses.

Portfolio Pulse from Lekha Gupta

June 02, 2023 | 6:22 pm

FDX

Morgan Stanley analyst Ravi Shanker reiterated an Equal Weight rating on FedEx Corp (NYSE:FDX) with a price target of $180. The analyst expects future earnings risk for FedEx to come from the revenue line, with revenues being crucial to offset inflation headwinds.

Portfolio Pulse from Shivani Kumaresan

June 02, 2023 | 6:19 pm

JPM

Investor and 'Shark Tank' star Kevin O'Leary opposes the idea of banning short selling on bank stocks, calling it 'absolutely ridiculous.' This comes amid increasing calls to ban short selling due to pressure on the regional banking sector after several collapses and bankruptcies. JPMorgan Chase & Co CEO Jamie Dimon has also been vocal about banning short selling on banks.

Portfolio Pulse from Chris Katje

June 02, 2023 | 6:17 pm