Streetbeat News

Stock Prices

AAPL

MSFT

SPY

Apple Inc. has become the first US company to reach a $3 trillion market cap, with its stock rising 1.3% to a new all-time high of $192. This has resulted in a $500 billion lead over its closest competitor, Microsoft Corp. Apple's stock has gained about 53% this year, marking its best-performing semester since January 2009. However, Apple's current forward P/E ratio of 30, significantly higher than its 10-year historical average of 18x, might trigger worries about the stock's current overvaluation.

Portfolio Pulse from Piero Cingari

June 30, 2023 | 1:47 pm

ATXG

Shares of Addentax Group Corp. (ATXG) have been halted due to a circuit breaker triggered by a significant upward movement in the stock price.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 1:44 pm

BCHUSD

BTCUSD

COMPUSD

ETHUSD

LTCUSD

MKRUSD

PAXGUSD

XECUSD

Bitcoin (BTC) and Ethereum (ETH) traded higher, with BTC surpassing the $31,000 mark. eCash (XEC) was the top gainer over the past 24 hours, while Toncoin (TON) was the biggest loser. The global crypto market cap rose to $1.2 trillion, recording a 24-hour gain of 1.5%. Other notable gainers include Bitcoin Cash (BCH), Compound (COMP), Litecoin (LTC), and Maker (MKR).

Portfolio Pulse from Lisa Levin

June 30, 2023 | 1:36 pm

EXR

GNL

Three high-dividend yield real estate stocks have been recommended by Wall Street's most accurate analysts. These include Global Net Lease, Inc. (GNL) with a dividend yield of 16.05%, Realty Income Corporation (O) with a dividend yield of 5.10%, and Extra Space Storage Inc. (EXR) with a dividend yield of 4.38%. Recent news for these companies include the expiration of 'Go-Shop' period for GNL's proposed merger, transition of CFO and Treasurer roles at Realty Income, and downbeat Q1 property rental revenue for Extra Space Storage.

Portfolio Pulse from Lisa Levin

June 30, 2023 | 1:35 pm

ALV

Autoliv Inc (NYSE:ALV) has retired 475,292 shares of common stock that had been repurchased during the quarter, reducing the total number of issued shares to 90.24 million. The company currently holds 4.868 million shares of common stock in treasury. Autoliv also announced plans to continue with its repurchase program, authorizing the repurchase of up to $1.5 billion or up to 17 million common shares by the end of 2024.

Portfolio Pulse from Akanksha Bakshi

June 30, 2023 | 1:35 pm

CVX

Chevron Corporation is considering selling several oil and gas properties in New Mexico and Texas to reduce its acreage. The company has been divesting properties in the Permian Basin of West Texas and New Mexico, where it is the most prominent publicly-traded oil and gas producer. Chevron recently auctioned for a parcel covering 2,134 net acres in New Mexico and a second surrounding 29,901 acres in New Mexico and Texas, with a combined value of about $100 million.

Portfolio Pulse from Nabaparna Bhattacharya

June 30, 2023 | 1:33 pm

ABNB

COST

PINS

YELP

Insiders at Pinterest, Costco, Airbnb, and Yelp have recently sold significant amounts of shares. Pinterest's former CFO sold 60,705 shares, Costco's director sold 1,565 shares, Airbnb's director sold 516,667 shares, and Yelp's COO sold 6,000 shares. These sales could indicate concerns about the companies' prospects or that the insiders view the stocks as overpriced. However, insider sales should not be the sole indicator for investment decisions.

Portfolio Pulse from Lisa Levin

June 30, 2023 | 1:33 pm

AAPL

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo discusses trade strategies for SPY, QQQ, AAPL, TSLA, NVDA, and MSFT. The analysis is based on a proprietary formula that considers price, volume, and options flow. The memo suggests potential breakouts or reversals for these stocks and advises traders to stay alert and adjust their tactics based on the market's pulse.

Portfolio Pulse from RIPS

June 30, 2023 | 1:32 pm

ADBE

Adobe Inc's stock slipped after the UK's Competition and Markets Authority (CMA) recommended a deeper probe into its deal with Figma. The CMA expressed concerns about the potential lessening of competition in the supply of screen design software and creative design software. The deal has also drawn antitrust concerns from the US and EU.

Portfolio Pulse from Anusuya Lahiri

June 30, 2023 | 1:27 pm

SGH

SMART Global Holdings (SGH) reported better-than-expected Q3 financial results and issued guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

June 30, 2023 | 1:23 pm