Streetbeat News

Stock Prices

SHOP

Deep-pocketed investors are showing significant interest in Shopify (NYSE:SHOP) options, with a mix of bullish and bearish sentiments. The options activity suggests a potential price range of $65 to $90 for Shopify, with notable trades including both calls and puts. Currently, Shopify's stock is down by 3.02% at $72.28.

Portfolio Pulse from Benzinga Insights

August 28, 2024 | 7:31 pm

COP

ConocoPhillips (NYSE:COP) has outperformed the market over the past 5 years, achieving an average annual return of 16.36%. A $1000 investment in COP 5 years ago would now be worth $2,132.78, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

August 28, 2024 | 7:30 pm

AGI

Alamos Gold (NYSE:AGI) has significantly outperformed the market over the past 5 years, with an annualized return of 21.55%. A $1000 investment in AGI 5 years ago would now be worth $2,653.42, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

August 28, 2024 | 7:30 pm

DELL

Dell Technologies Inc (NYSE:DELL) is set to report its Q2 earnings, with Wall Street expecting $1.71 EPS and $24.138 billion in revenues. The stock has risen significantly over the past year and year-to-date. Technical indicators show mixed signals, with some bullish momentum but also caution due to bearish trends. Analysts have a Buy rating with a price target suggesting a 35.94% upside.

Portfolio Pulse from Surbhi Jain

August 28, 2024 | 7:30 pm

AMZN

Amazon Web Services (AWS), a subsidiary of Amazon.com, has launched the AWS Parallel Computing Service, enabling customers to easily set up and manage high-performance computing clusters for scientific and engineering workloads. This service aims to accelerate R&D by allowing quick scaling of simulations and models.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 7:25 pm

NVDL

VOO

In 2024, the ETF industry is seeing significant trends with the rise of buffer strategies and Bitcoin ETFs. Buffer ETFs, likened to 'boomer drugs', offer downside protection and have grown to $50 billion in assets. Leveraged single-stock ETFs, like the Nvidia 2x leveraged ETF (NVDL), are also gaining traction. Meanwhile, core index ETFs like the Vanguard S&P 500 ETF (VOO) continue to dominate flows. The standout success story is the spot Bitcoin ETFs, which have seen $18 billion in net inflows since January, highlighting strong demand for regulated crypto investment vehicles.

Portfolio Pulse from Khyathi Dalal

August 28, 2024 | 7:24 pm

LULU

Lululemon Athletica Inc (NASDAQ:LULU) is set to release its Q2 earnings, with analysts expecting revenue of $2.41 billion. Despite concerns over sluggish US sales and execution issues, Truist analyst Joseph Civello believes the stock is oversold and maintains a Buy rating with a $310 price target. Lululemon has consistently beaten revenue and earnings estimates, but faces competition from brands like Vuori and Alo Yoga. Goldman Sachs downgraded the stock due to execution challenges. Key areas to watch include international growth and product innovation.

Portfolio Pulse from Chris Katje

August 28, 2024 | 7:22 pm

AMD

NVDA

SMCI

Shares of Advanced Micro Devices (AMD) are trading lower due to increased volatility in the semiconductor sector. This is influenced by a negative report on Super Micro Computer (SMCI) and anticipation of NVIDIA's (NVDA) upcoming earnings report.

Portfolio Pulse from Vaishali Prayag

August 28, 2024 | 7:15 pm

BCHUSD

Bitcoin Cash (BCH) has experienced a 4.29% price drop in the last 24 hours, continuing a week-long decline of 8%. Trading volume increased by 19% over the week, with the circulating supply now at 94.06% of its max supply. BCH ranks #19 in market cap at $6.40 billion.

Portfolio Pulse from Benzinga Insights

August 28, 2024 | 7:03 pm

SXTP

60 Degrees Pharmaceuticals has regained compliance with Nasdaq's minimum bid price requirement as of August 26, 2024, ensuring its continued listing on the Nasdaq Capital Market.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 7:02 pm