Streetbeat News

Stock Prices

CAT

Financial giants have shown a bullish interest in Caterpillar (NYSE:CAT) through unusual options trades. Analysis reveals a focus on a price range between $300 and $400, with a mix of bullish and bearish sentiments. The stock is currently trading at $343.32, down by 0.84%, with an earnings announcement expected in 11 days.

Portfolio Pulse from Benzinga Insights

July 22, 2024 | 4:15 pm

MSFT

Microsoft has responded to the FTC's criticism regarding changes to Xbox Game Pass, including price hikes and the discontinuation of the console-only tier. Microsoft argues that the FTC's claims are misleading and that the new Standard tier offers more value than the previous console-only option.

Portfolio Pulse from Franca Quarneti

July 22, 2024 | 4:12 pm

SHTLF

South32 (OTC:SHTLF) shares dropped significantly after announcing an $818 million impairment charge for its alumina and nickel assets. The Worsley alumina project faces environmental challenges, leading to a $554 million impairment, while the Cerro Matoso nickel project saw a $264 million impairment due to market volatility and operational difficulties. Additionally, South32 reported a 14% decline in copper production. However, the company is progressing with the sale of its Australian coking coal assets to a consortium led by Golden Energy and Resources for $850 million.

Portfolio Pulse from Stjepan Kalinic

July 22, 2024 | 4:01 pm

CRWD

MIRA

RYAAY

SERV

SVV

TELL

VZ

U.S. stocks showed mixed performance with the Nasdaq Composite gaining over 100 points. Verizon shares fell 6% after Q2 results missed sales estimates. MIRA Pharmaceuticals, Tellurian, and Serve Robotics saw significant gains, while CrowdStrike, Ryanair, and Savers Value Village experienced notable declines.

Portfolio Pulse from Avi Kapoor

July 22, 2024 | 4:00 pm

DE

Deere (NYSE:DE) has outperformed the market over the past 5 years, producing an average annual return of 17.28%. A $1000 investment in DE stock 5 years ago would be worth $2,265.05 today. The article highlights the impact of compounded returns on cash growth.

Portfolio Pulse from Benzinga Insights

July 22, 2024 | 4:00 pm

IOVA

Iovance Biotherapeutics (NYSE: IOVA) has seen a 3.31% increase in its short percent of float, now at 22.5%. This indicates a bearish sentiment among investors, as it would take 6.68 days to cover the short positions. The company's short interest is higher than its peers, whose average is 13.59%.

Portfolio Pulse from Benzinga Insights

July 22, 2024 | 4:00 pm

BJ

BJ's Wholesale Club (NYSE:BJ) has significantly outperformed the market over the past 5 years, with an annualized return of 30.46%. A $1000 investment in BJ 5 years ago would be worth $3,744.71 today. The company currently has a market capitalization of $12.01 billion.

Portfolio Pulse from Benzinga Insights

July 22, 2024 | 4:00 pm

LKQ

LKQ Corporation (NYSE:LKQ) has seen a 5.19% increase in its short percent of float, now at 1.62% of all regular shares available for trading. This indicates a rise in bearish sentiment among investors. However, LKQ's short interest is still lower than its peer group average of 6.64%.

Portfolio Pulse from Benzinga Insights

July 22, 2024 | 4:00 pm

UMAC

Shares of Unusual Machines (UMAC) have been halted pending news. Investors are awaiting further information to understand the reason behind the halt and its potential impact on the stock.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 4:00 pm

CRWD

MSFT

Jim Cramer supports CrowdStrike's response to a global IT outage, predicting a swift recovery for the company's shares. The outage, caused by a defect in a content update, led to an 11% drop in CrowdStrike's stock. Cramer believes the issue was bad luck and not a security incident, and expects the stock to rebound quickly.

Portfolio Pulse from Adam Eckert

July 22, 2024 | 3:59 pm