Streetbeat News

Stock Prices

RJF

Wolfe Research has downgraded Raymond James Financial (NYSE:RJF) from Outperform to Peer Perform, as per analyst Steven Chubak.

Portfolio Pulse from Benzinga Newsdesk

July 08, 2024 | 10:40 am

KA

KTRA

TuHURA Biosciences and Kintara Therapeutics have announced an agreement for the potential acquisition of Kineta's anti-VISTA antibody, KVA12123. This antibody is currently in Phase 1/Phase 2 clinical trials and has shown a favorable safety profile. Additionally, TuHURA received a $5 million investment from an existing shareholder.

Portfolio Pulse from Benzinga Newsdesk

July 08, 2024 | 10:35 am

HYZN

Hyzon Motors Inc. announced it will halt operations in the Netherlands and Australia, incurring $17M in charges. The company is refocusing on North American markets and the refuse industry. Hyzon is also exploring strategic alternatives, including potential bankruptcy, and is working to regain Nasdaq compliance.

Portfolio Pulse from Benzinga Newsdesk

July 08, 2024 | 10:32 am

AAPL

NVDA

TSM

Taiwan Semiconductor Manufacturing Co. (TSMC) saw a pre-market boost after Morgan Stanley raised its price target ahead of TSMC's earnings report. TSMC's shares increased by 3.77% in the U.S. and 4.5% in Taipei. Analysts expect TSMC to raise its full-year sales forecast and increase wafer prices due to strong demand for AI applications.

Portfolio Pulse from Benzinga Neuro

July 08, 2024 | 10:20 am

OSK

Oshkosh Defense, a subsidiary of Oshkosh Corporation (NYSE:OSK), has secured a $231.9 million contract from the U.S. Army for modernized heavy tactical vehicles and related kits.

Portfolio Pulse from Benzinga Newsdesk

July 08, 2024 | 10:05 am

IDYA

Ideaya Biosciences announced promising clinical data for its IDE397 Phase 2 monotherapy in MTAP-deletion urothelial and non-small cell lung cancer patients, showing high response and disease control rates with minimal adverse effects.

Portfolio Pulse from Benzinga Newsdesk

July 08, 2024 | 10:02 am

TSLA

Tesla's stock rally has accelerated following its second-quarter deliveries report, causing significant losses for hedge funds with short positions. Short interest in Tesla rose to 18% by the end of June. Analysts are optimistic about Tesla's profit margins improving due to lower production and raw material costs. Despite some hedge funds seeing more downside, others believe Tesla is well-positioned to benefit from the growing EV market.

Portfolio Pulse from Shanthi Rexaline

July 08, 2024 | 10:00 am

BENF

CLEU

DYNT

IVP

PARAA

SHPW

Paramount Global shares surged by around 8% in pre-market trading following a $28 billion merger deal with Skydance Media to create 'New Paramount.' Other notable pre-market movers include Shapeways Holdings, Inspire Veterinary Partners, and Dynatronics Corporation among gainers, while China Liberal Education Holdings and Beneficient were among the losers.

Portfolio Pulse from Avi Kapoor

July 08, 2024 | 9:40 am

LINKUSD

Chainlink (LINK) has seen a nearly 10% drop in value over the past week, but large investors and institutions are buying significant amounts of the cryptocurrency. On-chain data shows 90 new wallets withdrawing 6.72 million LINK tokens from Binance, indicating bullish sentiment among whales. Despite the market downturn, LINK's whale transaction volume surged 55% in the last 24 hours, and more LINK left exchanges than entered.

Portfolio Pulse from Aniket Verma

July 08, 2024 | 9:07 am

TSLA

Tesla's FSD revenue is nearing a $1 billion annual run-rate, and a fund manager suggests breaking out AI and robotics numbers to enhance valuation. Tesla's automotive business faces challenges, but its AI and robotics segments, including FSD and robotaxis, show promise. The upcoming Aug. 8 robotaxi event may provide more insights.

Portfolio Pulse from Shanthi Rexaline

July 08, 2024 | 9:00 am