Streetbeat News

Stock Prices

LMT

High-rolling investors are showing a bullish sentiment on Lockheed Martin (NYSE:LMT) through options trading, with 66% of trades being bullish. The stock is currently trading at $566.5, slightly down by 0.06%. Analysts have set an average target price of $611.33, with some upgrading their ratings.

Portfolio Pulse from Benzinga Insights

August 30, 2024 | 7:32 pm

TSLA

Tesla is planning to unveil its new Robotaxi at the Warner Bros lot in California. This event is expected to showcase Tesla's advancements in autonomous vehicle technology.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 7:29 pm

CING

Cingulate Inc. (NASDAQ:CING) shares are experiencing a significant rise, driven by the announcement of their Precision Timed Release (PTR) technology for ADHD treatment and a positive valuation note from Zacks Small-Cap Research. The stock has seen a 15% increase, with a notable decrease in short interest.

Portfolio Pulse from Vaishali Prayag

August 30, 2024 | 7:23 pm

PDD

QQQ

PDD Holdings Inc (NASDAQ:PDD) saw its stock fall 22% in August due to revenue missing expectations, despite strong earnings. Analysts have adjusted price targets, with Citigroup downgrading the stock. The company faces challenges with slower revenue growth and competition.

Portfolio Pulse from Henry Khederian

August 30, 2024 | 7:19 pm

JOBY

Joby Aviation's short interest has increased by 6.73%, with 19.34% of its float sold short, indicating bearish sentiment. This is higher than its peers' average of 11.66%. It would take 12.19 days to cover these positions.

Portfolio Pulse from Benzinga Insights

August 30, 2024 | 7:15 pm

WES

Western Midstream's short interest has increased by 3.19%, with 7.35 million shares sold short, representing 3.88% of its float. This is higher than its peers' average of 3.85%. The rise in short interest suggests bearish sentiment, but it doesn't guarantee a price drop.

Portfolio Pulse from Benzinga Insights

August 30, 2024 | 7:15 pm

DECK

Deckers Outdoor (NYSE:DECK) has seen a 12.5% increase in short interest, with 940,000 shares sold short, representing 6.12% of its float. This is slightly below the peer group average of 6.63%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.

Portfolio Pulse from Benzinga Insights

August 30, 2024 | 7:15 pm

GS

Goldman Sachs plans to cut over 1,300 jobs, affecting 3%-4% of its workforce as part of its annual review process. This move is part of the bank's regular performance evaluation and cost-cutting measures.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 7:00 pm

F

GM

TSLA

A JD Power study indicates increased interest in electric vehicles (EVs) due to discounts and improved financing options. The study shows 28% of new-vehicle shoppers are likely to consider an EV for their next purchase. Tesla benefits from its vertical integration, while Ford and GM face challenges in making profitable EVs.

Portfolio Pulse from Chris Katje

August 30, 2024 | 6:50 pm

JPM

JPMorgan Chase (NYSE:JPM) has outperformed the market over the past 5 years with an average annual return of 15.48%, resulting in a $100 investment growing to $205.38. The article highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

August 30, 2024 | 6:35 pm