Streetbeat News

Stock Prices

SPY

The White House has confirmed that President Joe Biden is not considering stepping down from his position.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 5:59 pm

NKE

RBC Capital and Deutsche Bank analysts have lowered their price targets for Nike Inc (NYSE:NKE) due to market and product transition risks. RBC Capital's Piral Dadhania maintained a Sector Perform rating but reduced the price target from $100 to $75, citing a multi-quarter product transition and earnings dilution risks. Deutsche Bank's Krisztina Katai maintained a Buy rating but lowered the price target from $115 to $92. Despite these adjustments, Nike has an average 1-year price target of $99.33, indicating a potential upside of 32.02%.

Portfolio Pulse from Anusuya Lahiri

July 03, 2024 | 5:53 pm

IWM

RSP

SPY

Despite the market hype around generative AI, only 5% of US firms are using it in production. The SPDR S&P 500 ETF Trust (SPY) has surged over 15% in 2024, driven by a few large tech companies, while the Invesco S&P 500 Equal Weight ETF (RSP) and iShares Russell 2000 ETF (IWM) have seen modest gains.

Portfolio Pulse from Hayden Buckfire

July 03, 2024 | 5:47 pm

AAPL

AMD

ARM

AVGO

DELL

IREN

MU

NVDA

SEDG

SMCI

The article highlights significant options activity in the Information Technology sector, focusing on call options for various companies. Notable bullish sentiment is observed for NVDA, IREN, AMD, SMCI, and DELL, while bearish sentiment is noted for AAPL, AVGO, and MU. Neutral sentiment is seen for SEDG and ARM.

Portfolio Pulse from Benzinga Insights

July 03, 2024 | 5:35 pm

QCOM

Recent options trading trends indicate a bullish stance on Qualcomm (NASDAQ:QCOM) by significant investors. Benzinga's options scanner detected 22 uncommon options trades, with 17 calls and 5 puts. The overall sentiment is 45% bullish and 31% bearish. Analysts maintain a Buy rating with price targets ranging from $235 to $270.

Portfolio Pulse from Benzinga Insights

July 03, 2024 | 5:31 pm

CAVA

Financial giants have shown a bearish sentiment towards Cava Group (NYSE:CAVA) through unusual options activity. Analysis reveals 60% bearish and 30% bullish trades, with significant trading volumes and open interest in the $60.0 to $100.0 price range. The stock is currently trading at $95.06, up by 0.5%, with an RSI indicating potential overbought conditions. An analyst from TD Cowen maintains a Buy rating with a target price of $95.

Portfolio Pulse from Benzinga Insights

July 03, 2024 | 5:31 pm

LOW

Lowe's Companies (NYSE:LOW) has outperformed the market over the past 5 years, delivering an average annual return of 15.26%. A $1000 investment in LOW 5 years ago would be worth $2,038.03 today. The article highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

July 03, 2024 | 5:30 pm

MCHP

Microchip Technology (NASDAQ:MCHP) has outperformed the market over the past 20 years with an average annual return of 10.31%. A $100 investment in MCHP 20 years ago would be worth $661.65 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

July 03, 2024 | 5:30 pm

LI

Li Auto Inc. (NASDAQ:LI) saw a 6.53% rise in its stock price, driven by positive market sentiment and recent delivery figures. The company has introduced new car purchase incentives, including up to RMB17,000 in benefits and a zero down payment option. Li Auto is also expanding its charging infrastructure and has postponed the launch of three BEV models to next year.

Portfolio Pulse from Nabaparna Bhattacharya

July 03, 2024 | 5:27 pm

DPST

FFWM

IAT

KRE

First Foundation Inc. (NYSE:FFWM) shares plunged 24.7% after a $228 million fundraise led by Fortress Investment Group. The capital infusion aims to help the bank manage its commercial real estate exposure. D.A. Davidson & Co. upgraded FFWM from Neutral to Buy, raising the price target to $9. Retail bank ETFs also saw declines.

Portfolio Pulse from Michael Juliano

July 03, 2024 | 5:26 pm