Streetbeat News

Stock Prices

SPY

Federal Reserve's Raphael Bostic emphasized the need for patience in determining the future policy pathway. This suggests a cautious approach to interest rate changes, which could impact market sentiment and investor decisions.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 12:48 pm

SPY

Atlanta Federal Reserve President Raphael Bostic stated that recent job revision figures did not significantly alter his economic outlook. This suggests stability in his perspective on monetary policy and economic conditions.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 12:46 pm

UI

Ubiquiti Inc. (NYSE:UI) shares are down premarket after reporting Q4 results. Revenue grew 3.3% Y/Y to $507.5M, missing expectations. Gross margin fell due to higher shipping and inventory costs. Adjusted EPS beat estimates. A $0.60 dividend was declared.

Portfolio Pulse from Lekha Gupta

August 23, 2024 | 12:46 pm

SPY

Federal Reserve's Raphael Bostic expressed increased confidence in inflation returning to the 2% target, based on recent data. However, he cautioned that the journey is not over and emphasized the importance of upcoming data points.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 12:44 pm

PM

WMT

Philip Morris International and Walmart are identified as overbought stocks in the consumer staples sector, with RSI values above 70, indicating potential short-term price corrections. Philip Morris reported strong earnings, while Walmart received an analyst price target increase.

Portfolio Pulse from Avi Kapoor

August 23, 2024 | 12:43 pm

CR

DVN

INTC

IRM

LHX

MU

Jim Cramer shared his views on several stocks, recommending buying Micron Technology and selling some Iron Mountain shares. He praised L3Harris Technologies and Crane Company, while expressing concerns about Intel's performance against AMD. Cramer also mentioned Devon Energy and Arm Holdings.

Portfolio Pulse from Avi Kapoor

August 23, 2024 | 12:43 pm

ETHE

FBTC

FETH

GBTC

IBIT

Bitcoin ETFs have seen six consecutive days of inflows, while Ethereum ETFs face outflows, ahead of a key speech by Fed Chair Jerome Powell. BlackRock and Fidelity's Bitcoin ETFs are performing well, while Grayscale's Bitcoin and Ethereum ETFs are experiencing outflows. The market anticipates potential impacts from Powell's speech on crypto investments.

Portfolio Pulse from Murtuza Merchant

August 23, 2024 | 12:29 pm

RIO

TECK

The Canadian government intervened to resolve a labor dispute that halted major railways, Canadian National Railway and Canadian Pacific Kansas City, to prevent economic disruption. Mining companies like Teck Resources and Rio Tinto took measures to mitigate the impact.

Portfolio Pulse from Stjepan Kalinic

August 23, 2024 | 12:29 pm

SPY

The U.S. July building permits data has been revised, showing a smaller decline of -3.3% compared to the previously reported -4.0%. The annual rate has been adjusted to 1.406 million units from 1.396 million units.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 12:27 pm

SQNS

SYTA

WDAY

Sequans is selling its 4G IoT technology to Qualcomm for $200M while retaining a license for ongoing use, and reports strong Q2 earnings. Workday shares rise after better-than-expected Q2 results and a new $1B buyback program. Siyata Mobile expands in the mining industry with new orders.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 12:26 pm