Streetbeat News

Stock Prices

AMT

American Tower (NYSE:AMT) has outperformed the market over the past 20 years, producing an average annual return of 16.43%. A $1000 investment in AMT 20 years ago would be worth $19,795.68 today.

Portfolio Pulse from Benzinga Insights

May 23, 2023 | 8:00 pm

KRE

Regional bank stocks have experienced positive price momentum as concerns about the industry's survival and deposit withdrawals have eased. The SPDR S&P Regional Banking ETF (KRE) approached a key resistance level marked by the 50-day moving average for the first time since March. The ETF is still trading approximately 33% below its pre-crisis levels.

Portfolio Pulse from Piero Cingari

May 23, 2023 | 7:59 pm

BLK

SPY

BlackRock's bond chief Rick Rieder believes the U.S. economy is in better shape than many expect, citing resilient government, consumer spending, improving homebuilder data, low unemployment, and $1.5 trillion in excess savings. He expects the Fed to pause rate increases and sees a high probability of a debt ceiling resolution.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 7:56 pm

CHH

WH

Wyndham Hotels & Resorts (NYSE: WH) shares are up on rumors that Choice Hotels (NYSE: CHH) is considering acquiring the company. The deal could result in one of the biggest budget hotel owners in the US. However, the companies are not in serious talks and there's no indication Wyndham is interested.

Portfolio Pulse from Ryan Gustafson

May 23, 2023 | 7:54 pm

SPY

The market on close imbalance is showing a $422 million sell-side imbalance, indicating a potential short-term downward pressure on stock prices.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 7:52 pm

INTC

A whale investor has taken a bearish stance on Intel (NASDAQ:INTC), with 58% of detected trades having bearish expectations. Whales have been targeting a price range of $15.0 to $37.5 for Intel over the last 3 months. Intel's stock price is down 2.3% at $29.59, and RSI indicators suggest it may be approaching overbought.

Portfolio Pulse from Benzinga Insights

May 23, 2023 | 7:46 pm

AMAT

A whale has taken a bullish stance on Applied Mat (NASDAQ:AMAT), with 62% of investors opening trades with bullish expectations and 37% with bearish. The total trade amounts are $1,000,334 for puts and $1,849,320 for calls. Whales have been targeting a price range of $85 to $230 for Applied Mat over the last 3 months.

Portfolio Pulse from Benzinga Insights

May 23, 2023 | 7:46 pm

FTTUSD

Bankrupt cryptocurrency exchange FTX plans for a potential revival under new CEO John Ray, with a possible relaunch in Q2 2024. FTX has recovered $7.3 billion in assets and the native FTX (CRYPTO: FTT) Token experienced a 13% jump after the news.

Portfolio Pulse from Murtuza Merchant

May 23, 2023 | 7:43 pm

LVS

MGM

MLCO

WYNN

Casino stocks with Macau exposure are trading lower due to concerns over a potential COVID surge in China.

Portfolio Pulse from Bill Haddad

May 23, 2023 | 7:34 pm

GOOGL

MSFT

NDAQ

SPY

The list of new 6-month relative performance lows expanded from 49 to 56, while the new high list dropped from 18 to 7. Google (NASDAQ:GOOGL) and Microsoft (NASDAQ:MSFT) have accounted for a large bulk of the YTD gains in the S&P 500.

Portfolio Pulse from Thrasher Analytics

May 23, 2023 | 7:33 pm