Streetbeat News

Stock Prices

AMZN

TGT

WMT

XRT

Ahead of the retail earnings season, CNBC's Jim Cramer has given his take on Walmart (WMT), Target (TGT), and Amazon (AMZN). Despite Walmart's consistent delivery and Target's cost discipline, Cramer suggests sticking with Amazon, which has surpassed estimates in Q2 and has a promising forecast for Q3. Walmart shares have gained 13.7% YTD, while Target is down over 12%. The SPDR S&P Retail ETF (XRT) has seen a modest 10% advance.

Portfolio Pulse from Shanthi Rexaline

August 14, 2023 | 9:19 am

MOS

Barclays analyst Benjamin Theurer has downgraded Mosaic (NYSE:MOS) from Equal-Weight to Underweight and set a price target of $40.

Portfolio Pulse from richadhand@benzinga.com

August 14, 2023 | 8:56 am

NTR

Barclays analyst Benjamin Theurer has downgraded Nutrien (NYSE:NTR) from Overweight to Underweight and lowered the price target from $70 to $68.

Portfolio Pulse from richadhand@benzinga.com

August 14, 2023 | 8:54 am

PHG

Exor has purchased a 15% stake in Philips, leading to a rise in Philips' share prices.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 8:37 am

DOGEUSD

A Dogecoin artist has shared AI-generated images of Elon Musk and Mark Zuckerberg at the beach, amidst their ongoing rivalry. The images have gained significant attention on X, formerly known as Twitter. This comes as the rivalry between Musk and Zuckerberg intensifies, following Musk's acquisition of Twitter and Meta's introduction of Threads, a potential 'Twitter killer'.

Portfolio Pulse from Ananya Gairola

August 14, 2023 | 8:12 am

MNDY

RANI

SLCA

SU

XP

Stocks to watch on Monday include monday.com Ltd. (MNDY), Rani Therapeutics Holdings, Inc. (RANI), Suncor Energy Inc. (SU), U.S. Silica Holdings, Inc. (SLCA), and XP Inc. (XP). MNDY is expected to post earnings of 14 cents per share on revenue of $169.20 million. RANI posted a loss of 37 cents per share. SU is expected to have earned 62 cents per share on revenue of $8.26 billion. SLCA named Jay Moreau as Executive Vice President and COO. XP is expected to report earnings of 43 cents per share on revenue of $721.05 million.

Portfolio Pulse from Lisa Levin

August 14, 2023 | 8:09 am

AAPL

BBY

Apple Inc.'s MacBook Air, powered by the latest Apple M2 chip, is now available at a discount of $200 on Best Buy Co Inc. The deal includes a flat $150 discount and an additional discount of $50 for ‘my Best Buy' members. In addition to this, Best Buy is also bundling three Apple services for free. Buyers get a free Apple TV+ subscription for three months, Apple Music for up to four months, and iCloud+ for up to three months.

Portfolio Pulse from Rounak Jain

August 14, 2023 | 7:41 am

MNDY

SU

XP

Investor sentiment in the U.S. has declined, as indicated by the CNN Money Fear and Greed index. The Nasdaq Composite recorded its second straight losing week, while the Dow Jones gained over 100 points. U.S. producer prices increased by 0.3% in July, the biggest rise since January. Sectors on the S&P 500 mostly closed positively, with energy and health care stocks recording the biggest gains. Investors are awaiting earnings results from monday.com Ltd. (MNDY), Suncor Energy Inc. (SU), and XP Inc. (XP).

Portfolio Pulse from Lisa Levin

August 14, 2023 | 6:59 am

INDA

India's Wholesale Price Index (WPI) inflation for July was reported at -1.36%, better than the estimated -2.70% and the prior figure of -4.12%.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 6:30 am

CLF

X

United States Steel Corp. (NYSE:X) has rejected a buyout offer from Cleveland-Cliffs Inc. (NYSE:CLF) but invited the latter to participate in a formal review process. Cleveland-Cliffs had offered to buy all outstanding shares of U.S. Steel for $35 per share, a 42% premium on the latter's trading price. However, U.S. Steel CEO David Burritt stated that the board could not agree to the proposal without conducting due diligence. KeyBanc Capital Markets analyst Philip Gibbs believes the deal is less likely to close without meaningful concessions.

Portfolio Pulse from Shanthi Rexaline

August 14, 2023 | 6:26 am