Streetbeat News

Stock Prices

SN

Josh Brown announced live on CNBC that he has sold his position in SharkNinja.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 4:56 pm

NFLX

Netflix is set to report its Q2 earnings on July 18, with analysts focusing on the growth of its ad-supported plan and upcoming content. Analysts have mixed expectations, with some expressing concerns about subscriber growth and valuation, while others remain optimistic about the company's content and ad-supported tier.

Portfolio Pulse from Chris Katje

July 17, 2024 | 4:51 pm

KRO

Kronos Worldwide shares have resumed trading after a temporary halt. Investors should monitor the stock for potential volatility.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 4:49 pm

RIOT

High-rolling investors have shown unusual bearish options activity on Riot Platforms (NASDAQ:RIOT), with a significant number of trades indicating a bearish sentiment. The stock is currently trading at $11.99, down by 5.59%, and has an anticipated earnings release in 21 days. Analysts have set an average target price of $23.0.

Portfolio Pulse from Benzinga Insights

July 17, 2024 | 4:46 pm

LCID

Significant bearish options activity has been observed in Lucid Group (NASDAQ:LCID), with a majority of the trades being puts. This suggests that large investors may have foreknowledge of upcoming events. The stock is currently down by 6.88% and has been downgraded by analysts.

Portfolio Pulse from Benzinga Insights

July 17, 2024 | 4:46 pm

AMAT

AMD

ARM

ASML

AVGO

INTC

LRCX

MRVL

NVDA

QCOM

SMH

SOXX

TSM

TXN

The semiconductor sector is experiencing a significant selloff due to potential tightening of U.S. regulatory restrictions on chip exports to China. Major ETFs and individual stocks in the sector have seen substantial declines.

Portfolio Pulse from Piero Cingari

July 17, 2024 | 4:42 pm

MCD

SBUX

Fast-food and casual dining chains like McDonald's, Starbucks, Chili's, and Buffalo Wild Wings have introduced affordable meal deals to attract inflation-battered customers. These deals have successfully boosted foot traffic, as evidenced by data from Placer.ai.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 4:42 pm

MULN

Mullen Automotive (NASDAQ:MULN) shares are trading lower despite the approval of its all-electric Class 1 cargo van, the 2024 Mullen ONE, for a $3,500 cash voucher under Massachusetts' MOR-EV program. This approval, combined with a federal tax credit, significantly reduces the effective cost of the van. The news highlights Mullen's commitment to making its commercial EVs more affordable and accessible.

Portfolio Pulse from Nabaparna Bhattacharya

July 17, 2024 | 4:35 pm

KRO

Kronos Worldwide expects Q2 2024 net sales to be between $495M and $510M, below the estimated $568.02M. The company has implemented cost reduction initiatives throughout 2023 and expects 2024 sales volumes to exceed those of 2023. Non-cash charges of about $10M in Q2 and $5M in Q3 are anticipated.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 4:33 pm

STT

State Street Corp. is exploring the creation of a stablecoin and deposit token for blockchain-based payment settlements. The timeline for implementation is not yet set.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 4:30 pm