Streetbeat News

Stock Prices

ACN

Whales are showing a bullish stance on Accenture (NYSE:ACN) with significant options trading activity. The trades include both puts and calls, with a notable volume and open interest in the $190 to $320 strike price range. Analysts have mixed ratings on Accenture, with target prices ranging from $294 to $395. The stock is currently up 1.28% at $285.92, and the next earnings report is expected in 6 days.

Portfolio Pulse from Benzinga Insights

June 14, 2024 | 7:01 pm

NXPI

NXP Semiconductors (NASDAQ:NXPI) has significantly outperformed the market over the past 5 years, delivering an average annual return of 23.22%. A $100 investment in NXPI 5 years ago would be worth $300.09 today. The article highlights the power of compounded returns in growing investments over time.

Portfolio Pulse from Benzinga Insights

June 14, 2024 | 7:00 pm

MLM

Martin Marietta Materials (NYSE:MLM) has significantly outperformed the market over the past 5 years, delivering an average annual return of 20.59%. A $1000 investment in MLM 5 years ago would be worth $2,515.48 today. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

June 14, 2024 | 7:00 pm

DOGEUSD

Dogecoin (DOGE) has fallen by 7.02% in the past 24 hours to $0.13, continuing a week-long decline of 9%. Trading volume has decreased by 41% over the past week, and the circulating supply has slightly decreased by 0.11%. Dogecoin's market cap is currently ranked #10 at $19.20 billion.

Portfolio Pulse from Benzinga Insights

June 14, 2024 | 7:00 pm

SPY

Federal Reserve's Goolsbee indicates that various labor market indicators such as the unemployment rate, quit rate, and the ratio of jobs to openings suggest a cooling labor market. He also mentions that he does not rely heavily on monthly payrolls data alone.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 6:59 pm

GME

GameStop Corporation (NYSE:GME) is currently demonstrating strong valuation metrics, including a price-to-cash ratio of less than 3 and a year-over-year earnings growth percentage of 112.05%. These metrics position GameStop as a compelling deep value play, especially in comparison to Nasdaq100 companies. The company's robust cash reserves and minimal debt make it well-equipped to handle economic downturns and capitalize on opportunities during recessions.

Portfolio Pulse from Kevin Malone

June 14, 2024 | 6:55 pm

CORT

TEVA

Corcept Therapeutics Inc. (NASDAQ:CORT) shares are trading lower following a lawsuit filed by Teva Pharmaceuticals Inc. (NYSE:TEVA) accusing Corcept of monopolistic practices related to its drug Korlym. The lawsuit alleges anti-competitive practices, including bribes and kickbacks to physicians, which have prevented Teva's generic version from gaining market share.

Portfolio Pulse from Vaishali Prayag

June 14, 2024 | 6:54 pm

SPY

Federal Reserve's Goolsbee expressed optimism over a recent month of declining inflation but emphasized the need for continued downward trends before considering rate cuts. If inflation continues as it did in Q1, rate cuts will be challenging.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 6:48 pm

ARM

AVGO

NVDA

QQQ

QRVO

SOXQ

The semiconductor industry has reached a combined valuation of $6.3 trillion, with the PHLX Semiconductor Sector Index poised for a 6% gain this week. Nvidia Corp. (NASDAQ:NVDA) has surpassed a $3 trillion valuation, but six other semiconductor companies, including Broadcom Inc. (NASDAQ:AVGO) and Arm Holdings plc (NASDAQ:ARM), have outperformed Nvidia this week.

Portfolio Pulse from Piero Cingari

June 14, 2024 | 6:48 pm

FOXO

FOXO Technologies has received a notice of non-compliance with NYSE continued listing requirements. The company has reaffirmed its commitment to regaining compliance.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 6:47 pm