Streetbeat News

Stock Prices

HOOD

Robinhood Markets shares are trading higher after Deutsche Bank upgraded the stock from Hold to Buy and raised its price target from $21 to $24.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 1:35 pm

SNOW

Snowflake Inc (NYSE:SNOW) shares are trading lower due to Berkshire Hathaway's complete exit from its position and a downgrade from Wells Fargo. Berkshire Hathaway sold its 6.1 million shares in the second quarter, and Wells Fargo downgraded the stock from Overweight to Equal-Weight, lowering the price target from $200 to $130. This comes ahead of Snowflake's second-quarter earnings report on Aug. 21.

Portfolio Pulse from Adam Eckert

August 15, 2024 | 1:30 pm

ONON

On Holding shares are trading higher after multiple analysts raised their price targets on the stock.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 1:28 pm

MGRX

Mangoceuticals reported a significant increase in shareholder equity for the first half of the year, rising to $13.829 million compared to $7.774 million year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 1:27 pm

NUE

Nucor shares are trading higher after Morgan Stanley upgraded the stock from Equal-Weight to Overweight despite cutting its price target from $187 to $176.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 1:25 pm

TPR

Tapestry, Inc. (NYSE:TPR) reported strong Q4 earnings, beating analyst expectations with adjusted EPS of 92 cents and sales of $1.59 billion. The company saw significant customer engagement, particularly from Gen Z and Millennials, and improved operational metrics. TPR shares are trading higher by 8.01% premarket.

Portfolio Pulse from Nabaparna Bhattacharya

August 15, 2024 | 1:22 pm

NXTV

PKW

TMUS

T-Mobile US, Inc. (NASDAQ: TMUS) has been fined $60 million by the Committee on Foreign Investment in the U.S. for data security violations related to its 2020 acquisition of Sprint Corp. The fine is the largest ever for the company and stems from unauthorized access to sensitive data in 2020 and 2021. T-Mobile cited technical issues during post-merger integration as the cause. The stock is down 0.72% premarket. ETFs Simplify Next Intangible Value Index ETF (BATS: NXTV) and Invesco BuyBack Achievers ETF (NASDAQ: PKW) are also mentioned.

Portfolio Pulse from Lekha Gupta

August 15, 2024 | 1:21 pm

SPY

Fed's Musalem indicates that monetary policy is moderately restrictive and inflation is on track for the 2% target over time. However, services and shelter inflation remain sticky, requiring more disinflation efforts. The labor market is cooling with low layoffs, reducing its risk to inflation. Recent data boosts confidence in inflation control, balancing risks between inflation and the job market. A policy rate change may be approaching.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 1:20 pm

BBY

COST

DG

DLTR

KSS

LULU

M

WMT

Shares of retail stocks are trading higher following strong quarterly earnings from Walmart.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 1:18 pm

AMZN

ASTS

INTC

LOT

MADE

NVDA

QQQ

SBUX

WAY

WMT

The top 10 trending stocks on WallStreetBets as of August 15, 2024, include NVDA, WMT, SBUX, ASTS, MADE, WAY, AMZN, INTC, LOT, and QQQ, according to data from Swaggy Stocks.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 1:15 pm