Streetbeat News

Stock Prices

SPY

The USA PCE Price Index for July came in at 3.3%, matching estimates and showing an increase from the prior 3.0%.

Portfolio Pulse from Happy Mohamed

August 31, 2023 | 12:31 pm

DLTR

EAST

FARM

JVA

RAD

The article lists five oversold stocks in the consumer staples sector that present a buying opportunity. The stocks are Eastside Distilling, Inc. (EAST), Farmer Bros. Co. (FARM), Coffee Holding Co., Inc. (JVA), Rite Aid Corporation (RAD), and Dollar Tree, Inc. (DLTR). All these stocks have an RSI value below 30, indicating they are oversold.

Portfolio Pulse from Lisa Levin

August 31, 2023 | 12:31 pm

SPY

The USA PCE Price Index for July came in at 0.2%, in line with estimates and the prior month's figure.

Portfolio Pulse from Happy Mohamed

August 31, 2023 | 12:30 pm

SPY

The USA Core PCE Price Index for July came in at 4.2%, matching estimates and showing an increase from the prior figure of 4.1%.

Portfolio Pulse from Happy Mohamed

August 31, 2023 | 12:30 pm

HPQ

HP Inc. reported in-line earnings for Q3 but lowered its full-year forecast. The company's Q3 earnings beat analyst estimates, but represented a decrease from the same period last year. Several analysts lowered their price targets on HP's stock following the earnings release. The article also discusses how investors can earn from HP's dividends, which currently offer an annual yield of 3.35%.

Portfolio Pulse from Lisa Levin

August 31, 2023 | 12:29 pm

MSOS

AdvisorShares Pure US Cannabis ETF (NYSE:MSOS) saw a sharp rise and traded about eight times its average daily options volume on Wednesday. Traders bought 1,950 of the January 6-calls at $1.17 and sold 3,900 of the January 10-calls at 42 cents. The market expects MSOS to reach the $10 level by January expiration.

Portfolio Pulse from Lisa Levin

August 31, 2023 | 12:28 pm

INDA

India's Gross Domestic Product (GDP) for Q1 has increased by 7.8%, surpassing the estimated 7.7% and the prior 6.1%.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 12:19 pm

FIVE

Five Below Inc reported Q2 FY23 sales growth of 13.5% YoY to $759 million, beating the analyst consensus. However, the company's Q3 sales and EPS guidance fell short of expectations, leading to a 5.27% drop in premarket trading.

Portfolio Pulse from Shivani Kumaresan

August 31, 2023 | 12:17 pm

AGIL

ALLR

AXLA

DBGI

ICCT

NCNC

OKTA

Shares of Okta, Inc. (NASDAQ:OKTA) surged 11% in pre-market trading after the company reported better-than-expected Q2 financial results and raised FY24 guidance above estimates. Other pre-market gainers include iCoreConnect Inc. (OTC:ICCT), noco-noco Inc. (NASDAQ:NCNC), and Allarity Therapeutics, Inc. (NASDAQ:ALLR). On the other hand, Axcella Health Inc. (NASDAQ:AXLA), Digital Brands Group, Inc. (NASDAQ:DBGI), and AgileThought, Inc. (NASDAQ:AGIL) were among the pre-market losers.

Portfolio Pulse from Lisa Levin

August 31, 2023 | 12:13 pm

AMD

BABA

FXI

KWEB

NVDA

Alibaba's stock is trading lower, in line with broader indexes iShares China Large-Cap ETF and KraneShares Trust KraneShares CSI China Internet ETF. This is due to China's manufacturing activity contracting for a fifth straight month, putting pressure on the government to support economic growth. The US government has also broadened its crackdown on the exports of AI chips developed by Nvidia Corp and Advanced Micro Devices Inc to regions beyond China.

Portfolio Pulse from Anusuya Lahiri

August 31, 2023 | 12:10 pm