Streetbeat News

Stock Prices

ALV

Autoliv reported better-than-expected Q2 financial results and issued FY23 guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 2:41 pm

HTH

Hilltop Holdings' shares are trading lower following a year-over-year decrease in Q2 EPS results.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 2:40 pm

ACI

CALM

HLF

SENEA

UNFI

The article provides an overview of value stocks in the consumer defensive sector, highlighting five companies: United Natural Foods, Herbalife, Albertsons Companies, Cal-Maine Foods, and Seneca Foods. The companies are considered undervalued based on their low P/E multiples. The article also provides updates on each company's recent earnings per share and dividend yield changes.

Portfolio Pulse from Benzinga Insights

July 21, 2023 | 2:40 pm

MATX

Matson Inc. has reported preliminary Q2 financial results, which has led to an increase in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 2:39 pm

WNS

Baird has upgraded WNS stock from Neutral to Outperform and set a price target of $86. This has led to WNS shares trading higher.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 2:39 pm

METCB

SXC

WLK

The article discusses value stocks in the basic materials sector, highlighting five companies: Westlake (WLK), SunCoke Energy (SXC), ArcelorMittal (MT), Ramaco Resources (METCB), and Celanese (CE). All these companies have low P/E ratios, indicating they may be undervalued. The article also provides Q1 earnings per share and dividend yield data for each company.

Portfolio Pulse from Benzinga Insights

July 21, 2023 | 2:39 pm

HBAN

Huntington Bancshares Inc (NASDAQ:HBAN) reported Q2 revenues of $1.84 billion, in line with consensus. Net interest income rose 7% Y/Y to $1.35 billion. EPS of $0.35 beat the consensus of $0.34. Average loans and leases rose to $121.3 billion from $113.9 billion. Provision for credit losses rose to $92 million from $67 million the prior year. The company declared a dividend of $0.155 per common share. HBAN shares are trading lower by 1.35% at $11.69.

Portfolio Pulse from Lekha Gupta

July 21, 2023 | 2:37 pm

HRI

Bank of America Securities has downgraded Herc Holdings from Buy to Underperform and reduced its price target from $150 to $140. This has led to a decrease in Herc Holdings' share price.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 2:34 pm

ALB

A significant amount of unusual options activity has been observed for Albemarle (NYSE:ALB), with 65% of investors taking a bullish stance and 35% bearish. The trades include 10 puts amounting to $1,833,575 and 10 calls amounting to $436,530. Whales have been targeting a price range of $170 to $280 for Albemarle over the last 3 months. Wells Fargo and Keybanc maintain an Overweight rating on Albemarle with price targets of $270 and $291 respectively, while Morgan Stanley downgraded its action to Underweight with a price target of $155.

Portfolio Pulse from Benzinga Insights

July 21, 2023 | 2:32 pm

AMD

INTC

NVDA

TSM

Nvidia Corp's stock is trading higher due to the artificial intelligence boom, with its sales forecast upgrade helping it reach a market cap of over $1 trillion. Demand for its latest chips is expected to outstrip supply until 2024. Startups like SambaNova, Graphcore, and Tenstorrent are struggling to catch up, despite raising billions. Advanced Micro Devices and Intel Corp are seen as more likely to take market share from Nvidia. Nvidia has recovered from a setback due to Taiwan Semiconductor Manufacturing Company's lackluster Q2 results.

Portfolio Pulse from Anusuya Lahiri

July 21, 2023 | 2:29 pm