Streetbeat News

Stock Prices

AMD

JPM

KO

NVDA

The S&P 500 Index is likely to break out of the 4200 level, as charts suggest a favorable possibility. Despite ongoing inflation and small bank failures, the market continues to make higher lows and maintain a 'buy the dip' mood. Nvidia recently raised its guidance by $3B, and Dow Theory indicates a bullish trend.

Portfolio Pulse from John Chang

May 26, 2023 | 3:29 pm

RNG

RingCentral's stock has been volatile since its Q1 results, but the company is making progress towards 20% operating margins. Needham analyst Ryan Koontz upgraded RingCentral from Hold to Buy, with a price target of $42, citing the company's AI strategy and cost-cutting measures.

Portfolio Pulse from Priya Nigam

May 26, 2023 | 3:28 pm

LI

Zacks Tech Innovators has reportedly purchased shares of Li Auto (LI), a Chinese electric vehicle manufacturer.

Portfolio Pulse from Happy Mohamed

May 26, 2023 | 3:27 pm

F

Ford shares are trading higher as the company plans to add Tesla's plug to its EVs, and the stock may also be up due to overall market momentum on debt ceiling hopes.

Portfolio Pulse from Benzinga Newsdesk

May 26, 2023 | 3:25 pm

DLTR

Dollar Tree shares are trading higher after a dip in price following the company's Q1 financial results announcement.

Portfolio Pulse from Benzinga Newsdesk

May 26, 2023 | 3:19 pm

MRVL

NVDA

Tech and AI-related stocks are trading higher following Marvell Technology's strong Q1 results and its expectation to double AI revenue by 2024. NVIDIA's Q1 earnings and optimism around debt ceiling talks also contribute to the sector's boost.

Portfolio Pulse from Benzinga Newsdesk

May 26, 2023 | 3:18 pm

EMB

HYG

SGOV

SHY

TLT

As the US debt ceiling talks enter their final hours, five bond ETFs are in focus: SGOV, SHY, TLT, HYG, and EMB. The outcome of the negotiations could have significant short-term impacts on these ETFs, with market reactions expected to be strong.

Portfolio Pulse from Piero Cingari

May 26, 2023 | 3:17 pm

LEN

A whale has taken a bullish stance on Lennar (NYSE:LEN), with 60% of recent unusual options trades being bullish and 40% bearish. The targeted price range for Lennar over the last 3 months is $106 to $115. Barclays maintains an Overweight rating on Lennar with a price target of $135.

Portfolio Pulse from Benzinga Insights

May 26, 2023 | 3:17 pm

COST

Costco Wholesale Corporation (NASDAQ:COST) shares recovered slightly after a revenue miss in FQ3. Analysts from Bernstein, Truist Securities, BMO Capital Markets, and Oppenheimer maintained Outperform and Buy ratings, with price targets ranging from $550 to $567. Costco's core shopping drivers remain intact, and the company is expected to emerge from the consumer spending slowdown with a higher market share.

Portfolio Pulse from Priya Nigam

May 26, 2023 | 3:12 pm

SPY

Federal Reserve's Mester says data confirms inflation is still too high, with PCE inflation data underscoring slow progress on inflation. Mester finds the situation concerning and notes that tighter monetary policy is still feeding into the economy.

Portfolio Pulse from Happy Mohamed

May 26, 2023 | 3:11 pm