Streetbeat News

Stock Prices

CP

Canadian Pacific Kansas City shares are trading lower after B of A Securities maintained a Below Average rating on the stock and lowered its price target from $88 to $86.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2023 | 4:22 pm

BUD

A whale has taken a bearish stance on Anheuser-Busch InBev (NYSE:BUD), with 60% of detected unusual options trades being bearish. Whales have been targeting a price range of $55.0 to $75.0 for the stock over the last 3 months.

Portfolio Pulse from Benzinga Insights

May 24, 2023 | 4:19 pm

ADI

AMD

NVDA

SMH

TSM

NVIDIA Corporation's stock (NVDA) traded down over 2% ahead of its earnings report, while the broader semiconductor space may be under pressure after Analog Devices (ADI) issued a soft Q3 outlook. NVIDIA's report could impact other semiconductor stocks such as Taiwan Semiconductor Manufacturing (TSM) and Advanced Micro Devices (AMD). The VanEck Semiconductor ETF (SMH) is up over 25% YTD.

Portfolio Pulse from Aaron Bry

May 24, 2023 | 4:18 pm

C

Citigroup plans to pursue an IPO of its consumer, small business, and middle-market banking operations in Mexico, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2023 | 4:18 pm

BKI

SHW

Despite housing market downturn, Jefferies analyst Laurence Alexander upgraded Sherwin-Williams Co (NYSE:SHW) from Hold to Buy and raised the price target to $275 from $240. The company is set for earnings growth and could offer investors a buffer against headwinds.

Portfolio Pulse from AJ Fabino

May 24, 2023 | 4:18 pm

ZURA

Zura Bio shares resumed trading after a circuit breaker halt, which is typically triggered by significant price movements.

Portfolio Pulse from Happy Mohamed

May 24, 2023 | 4:17 pm

SPY

Federal Reserve Governor Christopher Waller stated that he does not expect data in the next couple of months to indicate that the terminal interest rate has been reached. He also mentioned that he does not support stopping rate hikes unless there is clear evidence of inflation moving down to the 2% target.

Portfolio Pulse from Happy Mohamed

May 24, 2023 | 4:13 pm

ZURA

Zura Bio shares were halted on a circuit breaker to the downside, but the stock is now up 39.1%.

Portfolio Pulse from Happy Mohamed

May 24, 2023 | 4:13 pm

EA

Benchmark analyst Mike Hickey maintains Electronic Arts Inc (NASDAQ:EA) with a Buy rating and raises the price target from $144 to $150. EA is the analyst's top pick in the EDM sector. Hickey believes EA has a compelling medium-term growth opportunity, with limited downside execution risk and near-term business momentum driving growth upside in 1Q24.

Portfolio Pulse from Anusuya Lahiri

May 24, 2023 | 4:12 pm

STLA

Stellantis shares are trading lower due to concerns over a lack of U.S. debt ceiling progress, which is negatively impacting the overall market.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2023 | 4:11 pm