Streetbeat News

Stock Prices

NEE

Unusual options activity has been observed in NextEra Energy (NYSE:NEE), with 13 options trades spotted, 84% bullish and 15% bearish. Whales have been targeting a price range of $70 to $75 for NextEra Energy over the last 3 months. Morgan Stanley maintains an Overweight rating on NEE with a price target of $92.

Portfolio Pulse from Benzinga Insights

May 31, 2023 | 4:16 pm

FDX

A large bearish position on FedEx (NYSE:FDX) has been spotted, with 78% of big-money traders showing bearish sentiment. Whales have been targeting a price range of $185 to $245 for FedEx over the last 3 months. Deutsche Bank maintains a Buy rating on FedEx with a price target of $282.

Portfolio Pulse from Benzinga Insights

May 31, 2023 | 4:16 pm

WMT

Walmart announced that all shareholder-led proposals have failed to receive a majority vote and did not pass during their recent shareholder meeting.

Portfolio Pulse from Happy Mohamed

May 31, 2023 | 4:12 pm

TME

Tencent Music Entertainment Group (TME) shares are down 4.99% amid concerns over China's economic recovery following worse-than-expected PMI data and a resurgence of COVID-19 in the country. The official manufacturing PMI dropped to 48.8, indicating a contraction compared to the previous month.

Portfolio Pulse from Henry Khederian

May 31, 2023 | 4:11 pm

THCH

TH International Limited reported Q1 financial results, causing its shares to trade lower. The stock is also affected by the overall weakness in Chinese stocks.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 4:10 pm

SNAP

Snap Inc. experienced a sweep of 493 Aug 18 $12 call options near the ask price of $0.62, compared to an open interest of 940. Earnings are estimated to be released on July 20 after market close.

Portfolio Pulse from Charles Gross

May 31, 2023 | 4:10 pm

CXAI

CXApp Inc (NASDAQ:CXAI) shares are trading higher on Wednesday, up over 25% with more than 16 million shares traded, due to increased retail investor interest and above-average volume. The stock is linked to AI, which has seen increased interest from investors lately. CXAI also has outsized short interest, with more than 92% of the float currently sold short.

Portfolio Pulse from Erica Kollmann

May 31, 2023 | 4:09 pm

AAP

BRFS

YSG

U.S. stocks traded lower with the Nasdaq Composite dropping over 100 points. Advance Auto Parts (AAP) reported worse-than-expected Q1 results and reduced its full-year guidance and quarterly dividend. Consumer staples shares rose, with BRF S.A. (BRFS) and Yatsen Holding (YSG) as top gainers.

Portfolio Pulse from Lisa Levin

May 31, 2023 | 4:08 pm

YY

JOYY shares are trading lower following the release of Q1 financial results, with the stock also being affected by overall weakness in Chinese stocks.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 4:08 pm

ORLY

O'Reilly Automotive shares are trading lower due to disappointing Q1 financial results and reduced FY23 EPS and revenue guidance from Advance Auto Parts.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 4:07 pm