Streetbeat News

Stock Prices

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo for August 5th, 2024, provides a detailed analysis of SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA. The memo outlines key support and resistance levels for each stock, offering potential bullish and bearish targets. Additionally, it highlights the importance of upcoming economic data releases and Fed commentary, which could significantly impact market sentiment. Traders are advised to stay vigilant and manage risks carefully due to expected market volatility.

Portfolio Pulse from RIPS

August 05, 2024 | 2:13 pm

AAPL

AMZN

GOOGL

MSFT

NVDA

Shares of stocks in the broader tech sector are trading lower as stocks sell off amid concerns over the US economy.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 2:11 pm

SMCI

Investors with significant capital have taken a bearish stance on Super Micro Computer (NASDAQ:SMCI), as observed through recent options trades. Benzinga's options scanner identified 8 uncommon options trades, with a split sentiment of 12% bullish and 25% bearish. The price target for SMCI ranges from $550 to $610. The stock is currently down 7.86% at $575.55, with RSI indicators suggesting it may be oversold. Analysts have mixed ratings, with price targets ranging from $325 to $930.

Portfolio Pulse from Benzinga Insights

August 05, 2024 | 2:01 pm

PRAX

Over the past three months, six analysts have evaluated Praxis Precision Medicine (NASDAQ:PRAX), with opinions ranging from bullish to somewhat bullish. The average 12-month price target is $159.83, with a high of $270.00 and a low of $105.00. The company's financial performance shows challenges in revenue growth and returns on equity and assets, but it maintains a strong net margin and low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

August 05, 2024 | 2:01 pm

HASI

Analysts have provided mixed ratings for HA Sustainable (NYSE:HASI) over the past quarter, with a range of price targets and sentiment shifts. The average 12-month price target has increased by 12.5% to $39.86. Despite a significant revenue decline, the company shows strong profitability and effective cost management.

Portfolio Pulse from Benzinga Insights

August 05, 2024 | 2:00 pm

SPY

The USA ISM Non-Manufacturing Employment Index for July came in at 51.1, significantly higher than the estimated 46.4 and the prior 46.1. This indicates a stronger-than-expected performance in the non-manufacturing employment sector.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 2:00 pm

HES

Hess (NYSE:HES) has outperformed the market over the past 5 years with an average annual return of 17.0%, resulting in a $100 investment growing to $220.23. The company currently has a market capitalization of $40.95 billion.

Portfolio Pulse from Benzinga Insights

August 05, 2024 | 2:00 pm

Home Depot (NYSE:HD) has significantly outperformed the market over the past 10 years, delivering an average annual return of 15.37%. A $1000 investment in HD stock 10 years ago would be worth $4,179.05 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

August 05, 2024 | 2:00 pm

SPY

The USA ISM Non-Manufacturing Prices Index for July came in at 57.0, higher than the estimated 56.0 and the prior month's 56.3.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 2:00 pm

AIXI

Xiao-I Corporation (NASDAQ:AIXI) announced a change in its ADS ratio from 1 ADS to 1/3 of an ordinary share to 1 ADS to 3 ordinary shares, effective around August 23, 2024. This change will have the same effect as a one-for-nine reverse ADS split.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 1:59 pm