Streetbeat News

Stock Prices

WDC

A 'golden cross' has formed on the chart of Western Digital (NASDAQ:WDC), which could be bullish for the stock. This occurs when the 50-day moving average crosses above the 200-day moving average, indicating a potential change in long-term trend. However, seasoned investors use this as a signal to start considering long positions based on other factors, such as price levels and company fundamentals.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 2:48 pm

GILD

A 'death cross' has formed on the chart of Gilead Sciences (NASDAQ:GILD), which could indicate a bearish trend for the stock. This occurs when the 50-day moving average moves below the 200-day moving average. The company's stock is currently trading around $75.61. Investors often use this as a signal to start considering possible short positions.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 2:48 pm

FTHY

FIRST TRUST HIGH YIELD (NYSE:FTHY) has announced a monthly dividend of 13 cents per share. The ex-dividend date is Monday, meaning the stock will likely trade lower to reflect the payout. Shareholders owning FTHY by the end of Friday's session are eligible for the dividend, which will be paid out on July 25, 2023.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 2:46 pm

AAPL

META

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo discusses the trade strategy for SPY, QQQ, AAPL, TSLA, NVDA, and META. The memo suggests that Jerome Powell's panel appearance could introduce volatility into the markets. The memo provides detailed analysis for each stock, including potential price levels and targets for both bullish and bearish scenarios.

Portfolio Pulse from RIPS

June 28, 2023 | 2:46 pm

ATOS

Atossa Therapeutics and Quantum Leap have announced an enrollment update for the (Z)-endoxifen arm of the ongoing I-SPY 2 clinical trial, leading to a rise in Atossa's share prices.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 2:41 pm

FXI

TSLA

Tesla (TSLA) is set to deliver record sales performance in China, with an estimated 155,000 vehicles to be delivered this quarter, a 13% increase from the previous record quarter. Despite this, Tesla's market shares are expected to decrease from 16% to 13% due to increased competition from local companies. Analysts suggest that Tesla needs to expand into China's lower-tier cities for further growth, but the cost of building service centers and stores could be a hindrance.

Portfolio Pulse from Happy Mohamed

June 28, 2023 | 2:41 pm

LFLY

Leafly's shares are trading lower due to profit taking following a rally in the stock's price yesterday.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 2:39 pm

SINGY

Singapore's state investor Temasek Holdings is planning to divest a 1.85% stake in Singapore Airlines Ltd. (OTC:SINGY) for around $296 million. The shares are priced between S$7.202 and S$7.283 per share, representing a 3% and 4% discount to the last close. Temasek will remain a major shareholder in Singapore Airlines with a 53.5% stake.

Portfolio Pulse from Nabaparna Bhattacharya

June 28, 2023 | 2:38 pm

SPY

UNG

USA gasoline inventories have seen a build of 0.603M, compared to an estimated draw of 0.126M and a prior build of 0.479M.

Portfolio Pulse from Happy Mohamed

June 28, 2023 | 2:36 pm

SPY

UNG

USO

The Energy Information Administration (EIA) reported a weekly build of 0.124M in distillates stocks, which is lower than the estimated build of 0.782M and the prior build of 0.433M.

Portfolio Pulse from Happy Mohamed

June 28, 2023 | 2:36 pm