Streetbeat News

Stock Prices

CBRE

CBRE Group (NYSE:CBRE) has outperformed the market over the past 5 years with an average annual return of 15.84%, resulting in a $1000 investment growing to $2,047.71. The company currently has a market capitalization of $33.88 billion.

Portfolio Pulse from Benzinga Insights

July 29, 2024 | 4:32 pm

DOGEUSD

SOLUSD

The developer of the Solana-based meme coin Neiro has turned 3 SOL into $2.85 million, raising suspicions of a 'rug pull' scheme. This controversy comes amidst a broader resurgence in the meme coin market, with some coins like Dogwifhat seeing significant gains. However, the sector is also facing scrutiny due to allegations of insider trading and celebrity-backed coins failing to perform.

Portfolio Pulse from Murtuza Merchant

July 29, 2024 | 4:27 pm

CMCSA

Comcast Corporation (NASDAQ:CMCSA) is experiencing a significant boost in viewership for the 2024 Paris Olympics, with the opening ceremony viewership up 60% from the 2020 Tokyo Olympics. The strong performance is also reflected in Peacock streaming numbers, which saw a sixfold increase from 2020. This surge in viewership could positively impact Comcast's stock, especially as the company leverages its sports rights to boost its Peacock streaming platform.

Portfolio Pulse from Chris Katje

July 29, 2024 | 4:25 pm

AMZN

GOOGL

IWR

PINS

VXF

RBC analyst Brad Erickson maintained an Outperform rating on Pinterest (NYSE:PINS) with a price target of $52, citing improved ad relevance and conversion due to strategic changes like direct links and an Amazon 3p partnership. Despite some mixed signals, Erickson remains optimistic about Pinterest's monetization improvements and structural value creation.

Portfolio Pulse from Anusuya Lahiri

July 29, 2024 | 4:25 pm

AAPL

Stephanie Link announced on CNBC that she has trimmed her position in Apple (AAPL).

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 4:21 pm

FXB

FXY

This week, the Federal Reserve, Bank of Japan, and Bank of England are set to meet, with potential interest rate changes on the horizon. The Federal Reserve is expected to keep rates unchanged but may signal future cuts. The Bank of Japan might proceed with a small rate hike, while the Bank of England faces a tight decision between holding rates steady or enacting a rate cut.

Portfolio Pulse from Piero Cingari

July 29, 2024 | 4:16 pm

CRWD

PANW

Jim Cramer and multiple analysts believe CrowdStrike Holdings Inc (CRWD) has found a bottom after a significant selloff due to a global IT outage. Cramer expects the stock to rise and highlighted positive analyst commentary. He also mentioned SentinelOne Inc (S) and Palo Alto Networks Inc (PANW) but does not foresee a major market share shift.

Portfolio Pulse from Adam Eckert

July 29, 2024 | 4:14 pm

CGTX

LIPO

NLSP

VERO

VTVT

VTYX

U.S. stocks traded mostly higher on Monday, with the Nasdaq Composite gaining 0.4%. ON Semiconductor reported better-than-expected Q2 results. Shares of NLS Pharmaceutics surged 54% following a merger announcement. Lipella Pharmaceuticals and Venus Concept also saw significant gains. Meanwhile, vTv Therapeutics, Cognition Therapeutics, and Ventyx Biosciences experienced notable declines.

Portfolio Pulse from Avi Kapoor

July 29, 2024 | 4:03 pm

BMR

ORCL

Beamr Imaging Ltd. (NASDAQ:BMR) shares are trading slightly lower after the company announced a demonstration with Oracle Cloud Infrastructure (OCI) to optimize high-quality video production from 3D designs. The demonstration will take place at SIGGRAPH 2024. Beamr also recently launched AI capabilities in its Beamr Cloud service. The stock is trading below its 50-day moving average but above its 200-day moving average.

Portfolio Pulse from Erica Kollmann

July 29, 2024 | 4:03 pm

AMD

INTC

VGT

VTV

Rosenblatt analyst Hans Mosesmann maintained a Sell rating on Intel Corp (NASDAQ:INTC) with a price target of $17, citing competition from AMD as a key challenge. Mosesmann expects Intel to deliver inline Q2 earnings with modest growth guidance for Q3. He projects lower-than-consensus revenue and EPS for fiscal 2024 and 2025. Intel stock has lost over 13% in the last 12 months. Investors can gain exposure through Vanguard Value ETF (NYSE:VTV) and Vanguard Information Tech ETF (NYSE:VGT).

Portfolio Pulse from Anusuya Lahiri

July 29, 2024 | 4:02 pm