Streetbeat News

Stock Prices

Unilever reported a year-over-year increase in its first half earnings per share (EPS) and revenue, leading to a rise in its share price.

Portfolio Pulse from Bill Haddad

July 25, 2023 | 1:48 pm

BTCUSD

COMPUSD

ETHUSD

Bitcoin (BTC) traded lower, below the $29,200 level, while Ethereum (ETH) edged higher, trading above the $1,800 mark. XDC Network (XDC) was the top gainer over the prior 24 hours, while Compound (COMP) was the biggest loser. The global crypto market cap fell to $1.17 trillion, recording a 24-hour decline of 0.3%.

Portfolio Pulse from Lisa Levin

July 25, 2023 | 1:47 pm

RTX

Raytheon's shares are trading lower after the company disclosed in its earnings report that Pratt & Whitney has identified a rare condition in powder metal used to manufacture certain engine parts, necessitating accelerated fleet inspection.

Portfolio Pulse from Bill Haddad

July 25, 2023 | 1:46 pm

AURC

Shares of Aurora Acquisition Corp. (AURC) have resumed trading after a halt, only to be halted again due to a circuit breaker. The stock is now up by 59.5%.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 1:44 pm

AMZN

CRM

GOOG

META

MSFT

NVDA

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SPY

JPMorgan Chase's chief market strategist, Marko Kolanovic, warns of a potential market bubble due to the S&P 500's increasing levels of stock concentration, which have reached 60-year highs. Six mega-cap tech companies, including Microsoft, Alphabet, Amazon, Meta Platforms, NVIDIA, and Salesforce, account for 51% of the S&P 500's gains this year. Kolanovic also warns of the current AI frenzy, which could end in disillusionment. Potential catalysts for a large stock reversal include aggressive interest rate hikes, declining consumer savings, and a troubling geopolitical environment.

Portfolio Pulse from Piero Cingari

July 25, 2023 | 1:43 pm

CVNA

An option alert has been issued for Carvana (CVNA) for August 18 $70 calls. The sweep is near the ask with 500 @ $1.0 versus an open interest of 1191. The reference price is $47.055.

Portfolio Pulse from Charles Gross

July 25, 2023 | 1:40 pm

AMZN

IRBT

Amazon has reduced the takeover price for iRobot Corp by 15% due to debt adjustments, leading to a decrease in iRobot's share price.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 1:35 pm

DANOY

NSRGY

Product prices of Nestle S.A. and Danone have risen by more than 10% this year in France, putting them under the country's inflation scanner. The price hike has pressured the companies to renegotiate with French retailers. French shoppers have spent more than 20% more for Nestle products each month since January versus last year, with price increases peaking at 36.6% in May. Danone's products were sold for between 11.2% and 16.7% more than last year in the first six months of the year.

Portfolio Pulse from Nabaparna Bhattacharya

July 25, 2023 | 1:34 pm

KMB

Kimberly-Clark Corp (KMB) reported a 1% YoY sales growth in Q2 FY23, missing analyst estimates. Organic sales increased by 5% due to a 9% price increase and favorable product mix, offset by a 3% volume decrease. Adjusted EPS of $1.65 beat analyst consensus. Operating income plunged 82% to $113 million. The company raised its FY23 organic sales growth and EPS growth outlook. KMB shares are trading higher by 1.01% in premarket.

Portfolio Pulse from Shivani Kumaresan

July 25, 2023 | 1:34 pm

ENPH

Enphase Energy (ENPH) has seen a sweep of Friday $200 calls, with 204 contracts traded near the ask price at $3.5, compared to an open interest of 2840. The reference price was $179.35.

Portfolio Pulse from Charles Gross

July 25, 2023 | 1:32 pm