Streetbeat News

Stock Prices

CVX

DRLL

XLE

Chevron Corporation (NYSE:CVX) shares are trading higher premarket following QatarEnergy's acquisition of a 20% interest in an offshore block in Suriname. Chevron retains a 40% stake in the block, which is advancing into its second exploration phase. Suriname's offshore oil production is expected to commence in approximately four years. Investors can also gain exposure to Chevron through EA Series Trust Strive U.S. Energy ETF (NYSE:DRLL) and SPDR Select Sector Fund – Energy Select Sector (NYSE:XLE).

Portfolio Pulse from Lekha Gupta

July 18, 2024 | 12:52 pm

LGVN

Longeveron has entered into agreements for the issuance and sale of 2.2 million shares of Class A common stock at $4.025 per share in a registered direct offering. Additionally, a concurrent private placement will issue unregistered warrants for 2.2 million shares with a $3.90 exercise price. The offering is expected to close on July 19, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 12:48 pm

VFC

V.F. Corporation (NYSE:VFC) announced the sale of its Supreme brand to EssilorLuxottica for $1.5 billion in cash. The sale is expected to be dilutive to VF's earnings per share in the 2025 fiscal year. Supreme contributed $538 million in revenue and $166 million in operating income during VF's 2024 fiscal year. Analysts have adjusted their price targets for VF following the announcement.

Portfolio Pulse from Avi Kapoor

July 18, 2024 | 12:47 pm

QQQ

Unemployment claims in the U.S. rose more than expected, reinforcing investor beliefs that the Federal Reserve may lower interest rates. Weekly jobless claims increased to 243,000, and continuing claims reached their highest levels since November 2021. Despite this, futures on major U.S. indices were positive, with the Nasdaq 100, tracked by the Invesco QQQ Trust (NASDAQ:QQQ), up 0.6% in premarket trading.

Portfolio Pulse from Piero Cingari

July 18, 2024 | 12:47 pm

PYPL

William Blair analyst Cristopher Kennedy has downgraded PayPal Holdings (NASDAQ:PYPL) from Outperform to Market Perform.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 12:45 pm

HPQ

IBM

JNPR

As of July 18, 2024, three tech stocks—IBM, HP Inc, and Juniper Networks—are considered overbought based on their RSI values. Investors may want to reconsider holding these stocks in the short term.

Portfolio Pulse from Avi Kapoor

July 18, 2024 | 12:44 pm

AAPL

AMD

NVDA

QCOM

TSM

Former President Donald Trump suggested that Taiwan should pay the U.S. for its defense, causing an 8% drop in TSMC shares. This has also impacted stocks of TSMC buyers like Apple, Nvidia, Qualcomm, and AMD. The geopolitical tension raises concerns about the semiconductor supply chain and the future of AI technology.

Portfolio Pulse from Navdeep Yadav

July 18, 2024 | 12:42 pm

William Blair has upgraded Block (NYSE:SQ) from Market Perform to Outperform.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 12:37 pm

LUNR

Intuitive Machines has finalized the landing site for its IM-2 lunar prospecting mission, marking a significant milestone in its space exploration efforts.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 12:37 pm

DKNG

ELF

GPS

JNJ

LESL

MSFT

PANW

SYF

TOST

VFC

Top Wall Street analysts have updated their outlooks on several major stocks, including Microsoft, e.l.f. Beauty, Synchrony Financial, Johnson & Johnson, Toast, Palo Alto Networks, The Gap, V.F. Corporation, DraftKings, and Leslie’s. These updates include both upgrades and downgrades, as well as changes in price targets.

Portfolio Pulse from Avi Kapoor

July 18, 2024 | 12:36 pm