Streetbeat News

Stock Prices

EEMA

EWU

EZU

FLAX

SPY

US markets ended in green on Monday, July 10, with comments from Federal Reserve officials indicating the end of the current monetary policy tightening cycle. Asian markets also closed higher, with Japan's Nikkei 225, Australia's S&P/ASX 200, Shanghai Composite, Shenzhen CSI 300, and Hang Seng index all showing gains. European markets showed mixed results, with the Pan-European STOXX 600 index and France's CAC 40 rising, while Germany's DAX index and UK's FTSE 100 traded lower. Commodities showed mixed results as well.

Portfolio Pulse from Akanksha Bakshi

July 11, 2023 | 12:00 pm

AAPL

ABNB

CSX

FMC

HCA

JPM

MPC

NVDA

SNOW

XPO

Several US-listed companies have had their price targets adjusted by various analysts. Keybanc raised NVIDIA's price target from $500 to $550, while Credit Suisse lowered FMC Corporation's target from $120 to $101. Other companies with adjusted targets include Snowflake, Blackstone, XPO, HCA Healthcare, CSX Corporation, Marathon Petroleum, Apple, JPMorgan Chase, and Airbnb.

Portfolio Pulse from Lisa Levin

July 11, 2023 | 11:59 am

AMD

MPWR

MRVL

NVDA

SOXX

TXN

Shares of chipmakers Nvidia Corp. (NVDA) and Advanced Micro Devices, Inc. (AMD) are leading a premarket rally. KeyBanc Capital Markets analyst John Vinh raised the price targets for several companies in the sector, including AMD, Nvidia, Monolithic Power Systems, Inc. (MPWR), Marvell Technology, Inc. (MRVL), ON Semiconductor Corporation (ON), and Texas Instruments, Inc. (TXN), citing strong AI data center demand. However, the firm's Q2 supply chain findings were more negative due to weak China demand and softness in consumer-facing end markets.

Portfolio Pulse from Shanthi Rexaline

July 11, 2023 | 11:56 am

AMZN

BBY

GPS

PTON

SONY

WMT

Amazon.com Inc is offering deeper discounts on a wide range of goods and services during its Prime Day 2023 event, including its first-ever travel discounts. The discounts include 60% off Gap, Inc clothing, 50% off Sony Group Corp headphones, and 40% off Peloton Interactive, Inc exercise bikes. Amazon's Prime Day sales growth is expected to be slower this year due to post-pandemic recovery, with consumers looking to spend more on experiences, travel, and entertainment. Amazon is also facing competition from other retailers like Walmart Inc and Best Buy Co, Inc.

Portfolio Pulse from Anusuya Lahiri

July 11, 2023 | 11:53 am

AVA

SJW

VIA

The article discusses the most oversold stocks in the utilities sector, presenting an opportunity to buy into undervalued companies. The stocks mentioned are Avista Corporation (AVA), SJW Group (SJW), and Via Renewables, Inc. (VIA). All three companies have an RSI value below 30, indicating they are oversold. AVA and SJW have recently seen price target reductions, while VIA posted a loss for the first quarter.

Portfolio Pulse from Lisa Levin

July 11, 2023 | 11:51 am

USDC-USD

Speculation over a potential Mixed Martial Arts showdown between tech moguls Mark Zuckerberg and Elon Musk has led to increased activity on blockchain-based betting platform Polymarket. Users are wagering on the outcome using USDC (CRYPTO: USDC), a stablecoin pegged to the U.S. dollar. If the fight does not occur before August 31, 2023, the market will resolve evenly at 50-50.

Portfolio Pulse from Mehab Qureshi

July 11, 2023 | 11:47 am

AAPL

BABA

TCEHY

Apple Inc has opened a store on Tencent Holding Ltd's messaging app WeChat, expanding its retail channels in China. This move reflects the growing trend of Chinese consumers using social media platforms for shopping. Despite a 5% year-on-year fall in China's smartphone sales in Q1, Apple recorded a 19.9% share of the Chinese smartphone market, its highest since 2014. Apple also operates a shop on Alibaba Group Holding Limited's Tmall online marketplace.

Portfolio Pulse from Anusuya Lahiri

July 11, 2023 | 11:42 am

RIVN

TSLA

Rivian Automotive, Inc. (NASDAQ:RIVN) stock fell in premarket trading on Tuesday after a nine-session winning run. The rise was due to multiple factors including a partnership with Tesla, Inc. (NASDAQ:TSLA), better-than-expected Q2 deliveries, and optimism about its EV uptake. Analysts have upgraded their view of the stock, with an average price target of $24. The next major catalyst is the company's earnings report due on Aug. 8, where a narrower loss and a revenue climb of 158% are expected.

Portfolio Pulse from Shanthi Rexaline

July 11, 2023 | 11:39 am

DOMH

FLCX

Insiders at Dominari Holdings Inc. (NASDAQ:DOMH) and flooidCX Corp. (OTC:FLCX) have been aggressively buying shares, indicating their confidence in the companies' prospects. Dominari's COO acquired 1,500 shares at an average price of $2.94, while flooidCX's CEO bought 750 shares at an average price of $4.32. Dominari Holdings recently appointed Mr. Kyle Wool as CEO of Dominari Securities LLC, and flooidCX's shares have jumped 36% over the past month.

Portfolio Pulse from Lisa Levin

July 11, 2023 | 11:37 am

DRUG

Bright Minds has announced a 1:5 reverse stock split, which will be effective from July 14, 2023.

Portfolio Pulse from Charles Gross

July 11, 2023 | 11:37 am