Streetbeat News

Stock Prices

COIN

MARA

MSTR

RIOT

Crypto-linked stocks are experiencing a decline as Bitcoin prices drop. This is influenced by economic contraction signals from August's ISM Manufacturing PMI data and anticipation of non-farm payrolls data, which could impact future rate cuts.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 3:59 pm

AEM

AU

CDE

GOLD

WPM

Shares of precious metal companies are declining as gold prices drop. This is influenced by August's ISM Manufacturing PMI data showing economic contraction and upcoming non-farm payrolls data, which could impact future rate cuts.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 3:56 pm

BRK

Berkshire Hathaway Inc. (NYSE:BRK) is currently trading above its usual range, indicating overbought conditions. This could lead to a potential price reversal as traders anticipate a move back into the normal range. The last similar overbought condition led to a significant price drop.

Portfolio Pulse from Mark Putrino

September 03, 2024 | 3:53 pm

STZ

TAP

Molson Coors Beverage Company shares increased by 4% following their presentation at the Barclays Global Consumer Staples Conference. Constellation Brands is also presenting at the same conference.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 3:49 pm

LMT

Recent options activity on Lockheed Martin (NYSE:LMT) indicates a bullish sentiment among big-money traders, with 8 call options and 1 put option spotted. Analysts have set price targets ranging from $599 to $635, suggesting potential upside. The stock is currently trading at $569.5, up 0.81%, but may be overbought according to RSI readings.

Portfolio Pulse from Benzinga Insights

September 03, 2024 | 3:46 pm

CAT

The options market for Caterpillar (NYSE:CAT) shows a bullish sentiment among major investors, with a focus on a price range between $200 and $360. Despite a recent 4.02% drop in stock price, analysts have mixed ratings, with price targets ranging from $285 to $399.

Portfolio Pulse from Benzinga Insights

September 03, 2024 | 3:46 pm

AAPL

AMZN

GOOG

META

MSFT

NVDA

QQQ

SMCI

SPY

TSLA

The article discusses the risks of investing in AI stocks, using Super Micro Computer Inc (SMCI) as an example. SMCI's stock has dropped significantly due to internal control issues and market volatility. The article also highlights the importance of understanding market dynamics and the potential impact of the ISM Manufacturing Index on stock markets.

Portfolio Pulse from The Arora Report

September 03, 2024 | 3:41 pm

STZ

Constellation Brands has revised its FY25 comparable EPS guidance to a range of $13.60 to $13.80, slightly adjusting from the previous range of $13.50 to $13.80. This revision aligns closely with the market estimate of $13.70.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 3:39 pm

STZ

Constellation Brands has revised its FY25 reported EPS guidance to $3.05-$7.92, significantly lower than the previous estimate of $14.62. The company expects a decline in reported operating income due to a goodwill impairment loss in its Wine and Spirits segment, but anticipates growth in its Beer segment.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 3:38 pm

AMZN

GOOGL

META

Amazon, Google, and Meta are significantly increasing their capital expenditures to capitalize on generative AI advancements. JPMorgan analyst Doug Anmuth predicts a 40-60% increase in capex for these companies in 2024, driven by early returns on AI investments. Amazon's AI business is generating $2B-$3B annually, Google's AI products have contributed billions in revenue, and Meta's AI-driven improvements have boosted engagement and ad recommendations.

Portfolio Pulse from Surbhi Jain

September 03, 2024 | 3:29 pm