Streetbeat News

Stock Prices

ASML

Significant options activity has been detected for ASML Holding (NASDAQ:ASML), with a mix of bullish and bearish trades. The options trades suggest a price range of $710 to $1200 over the next three months. The stock is currently trading at $864.07, up 1.31%, and may be approaching oversold territory.

Portfolio Pulse from Benzinga Insights

August 13, 2024 | 4:16 pm

NFLX

Recent options trading activity on Netflix (NASDAQ:NFLX) shows significant interest from large investors, with a mix of bullish and bearish sentiments. A total of 44 uncommon options trades were detected, with 27 calls and 17 puts. Analysts maintain a positive outlook on NFLX, with target prices ranging from $710 to $780.

Portfolio Pulse from Benzinga Insights

August 13, 2024 | 4:16 pm

CXAI

HD

SBUX

SYRS

U.S. stocks traded higher with the S&P 500 gaining 1%. Home Depot reported mixed Q2 results, beating EPS estimates but missing sales expectations. Starbucks announced a new CEO, boosting its stock by 22%. CXApp surged 89% after a deal with Google Cloud. Syros Pharmaceuticals dropped 60% after discontinuing a clinical trial.

Portfolio Pulse from Avi Kapoor

August 13, 2024 | 4:16 pm

SPY

XLK

XLV

Institutional investors took advantage of early August market volatility to buy discounted stocks and equity ETFs, with significant inflows into tech and communication services sectors. The SPDR S&P 500 ETF Trust (SPY) and Technology Select Sector SPDR Fund (XLK) saw notable inflows, while the Health Care Select Sector SPDR Fund (XLV) experienced outflows.

Portfolio Pulse from Piero Cingari

August 13, 2024 | 4:12 pm

ONON

On Holding AG (NYSE:ONON) reported Q2 sales of $627.683 million, surpassing expectations of $561.038 million. Despite missing EPS estimates by 1 cent, the company saw improvements in gross profit margin, net income, and adjusted EBITDA. CEO David Allemann highlighted strategic initiatives, including a partnership with Zendaya and new technology. The company reiterated its full-year sales growth expectation of at least 30%. ONON shares rose by 6.90% to $42.29.

Portfolio Pulse from Nabaparna Bhattacharya

August 13, 2024 | 4:11 pm

WKEY

WISeKey International shares resumed trading after a circuit breaker halt. The halt was triggered due to significant price movement.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 4:11 pm

BNO

USO

Oil prices are experiencing volatility and are currently trading lower after a recent rise due to concerns over escalating Iran-Israel tensions.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 4:10 pm

SBUX

Nelson Peltz's Trian Fund Management has sold its substantial stake in Starbucks after being satisfied with the recent outcomes. Trian had built this stake over the past few months.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 4:10 pm

PARA

Paramount Global (NASDAQ:PARA) is cutting 2,000 jobs as part of a major restructuring effort. The layoffs, which represent 15% of its U.S.-based workforce, are expected to be mostly completed by the end of September. The company aims to achieve $500 million in annualized cost savings and improve its balance sheet. Despite the restructuring, Paramount's shares are trading slightly lower.

Portfolio Pulse from Nabaparna Bhattacharya

August 13, 2024 | 4:07 pm

JWN

Nordstrom, Inc. (NYSE:JWN) announced plans to open a new Nordstrom Rack in Morrisville, North Carolina in spring 2025. This expansion aims to grow their footprint in the Raleigh market and introduce new customers to the Nordstrom experience.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 4:04 pm