Streetbeat News

Stock Prices

SPY

In a Fox Business interview, Fed's Goolsbee expressed confidence that the Federal Reserve's forecasts for rate cuts will materialize. He also noted warning signs in the job market, which could influence future monetary policy decisions.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 5:50 pm

AIEV

BEDU

COOK

CTNT

FORD

FTEL

GHC

NAAS

ONEW

RGS

SPGC

SWIM

TRNR

VCSA

WRBY

Consumer discretionary stocks are rising due to strong July New Home Sales data and positive economic outlook from Fed Chair Powell, hinting at future rate cuts.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 5:49 pm

ELF

The article discusses the recent options trading activity for e.l.f. Beauty (NYSE:ELF), highlighting a bullish sentiment among financial giants. Analysis shows 42% of traders are bullish, with a significant number of call options traded. The predicted price range for ELF is between $100 and $270. Analysts have given positive ratings with target prices ranging from $207 to $260.

Portfolio Pulse from Benzinga Insights

August 23, 2024 | 5:48 pm

ANET

Recent options activity for Arista Networks (NYSE:ANET) shows a bullish trend among large investors, with 46% of trades being bullish. The stock is currently trading at $354.21, with analysts setting an average price target of $340.2. The anticipated earnings release is in 66 days.

Portfolio Pulse from Benzinga Insights

August 23, 2024 | 5:48 pm

LUX

VIK

Viking Holdings Ltd (NYSE:VIK) shares surged after analysts raised their price targets. Stifel and Morgan Stanley increased their targets to $39 and $37, respectively. Despite missing EPS expectations, Viking beat sales forecasts. BofA Securities maintained a Buy rating with a $40 target. Viking's stock is accessible via Tema Luxury ETF (NYSE:LUX).

Portfolio Pulse from Lekha Gupta

August 23, 2024 | 5:43 pm

CAKE

CCL

CUK

NCLH

RCL

WING

Hotel, restaurant, and leisure stocks are seeing a rise in share prices due to positive market sentiment following comments from Fed Chair Powell about the economy and potential future rate cuts.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 5:43 pm

LOW

WSM

Retail stocks are seeing a boost due to strong New Home Sales data for July and positive economic outlook from Fed Chair Powell, hinting at potential future rate cuts.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 5:42 pm

BTCUSD

Federal Reserve Chair Jerome Powell's indication of potential interest rate cuts has sparked optimism in the cryptocurrency sector, with experts predicting a possible Bitcoin rally. Powell's comments suggest a shift from aggressive inflation control to a more balanced economic approach. Historical parallels to previous rate cuts suggest potential for increased investor appetite in digital assets.

Portfolio Pulse from Murtuza Merchant

August 23, 2024 | 5:36 pm

AFRM

COIN

JPM

KKR

PYPL

RILY

WFC

The article highlights unusual options activity in the financial sector, focusing on large trades by 'whales' in various stocks. Notable trades include bearish put options for KKR, MS, and RILY, bullish call options for LC and V, and a mix of sentiments for other stocks like AFRM, COIN, WFC, JPM, and PYPL.

Portfolio Pulse from Benzinga Insights

August 23, 2024 | 5:35 pm

AMZN

BABA

CAVA

CTRN

DKNG

MGM

NKE

PDD

PTON

TSLA

The article highlights significant options activity in the Consumer Discretionary sector, focusing on large trades by 'whales' in companies like TSLA, BABA, AMZN, and others. These trades can indicate potential market movements.

Portfolio Pulse from Benzinga Insights

August 23, 2024 | 5:35 pm