Streetbeat News

Stock Prices

AYRWF

CRLBF

Cannabis workers at Cresco Labs' Joliet, Illinois facility voted to leave their union, resulting in 15% raises and eligibility for stock options. This move reflects a broader trend of de-unionization in the cannabis industry, similar to other sectors like retail and manufacturing. Cresco's Massachusetts facility also recently de-unionized. Despite this, other cannabis companies continue to see unionization efforts.

Portfolio Pulse from Nina Zdinjak

July 02, 2024 | 6:32 pm

MDXG

Cantor Fitzgerald has initiated coverage on MiMedx Group Inc. (NASDAQ:MDXG) with an Overweight rating and a price target of $11. The analyst highlights MiMedx's strong position in the $4 billion wound care market, particularly in the rapidly growing skin substitutes segment. MiMedx's products show high efficacy and cost savings, leading to increased adoption and positive growth trends.

Portfolio Pulse from Vandana Singh

July 02, 2024 | 6:32 pm

ENPH

Financial giants have shown significant interest in Enphase Energy (NASDAQ:ENPH) through options trading, with a balanced sentiment of bullish and bearish trades. The stock is currently trading at $96.51, with a consensus target price of $111.94. Analysts have mixed ratings, ranging from Buy to Sell.

Portfolio Pulse from Benzinga Insights

July 02, 2024 | 6:31 pm

NOW

Deep-pocketed investors are showing significant interest in ServiceNow (NYSE:NOW) options, with a notable increase in both call and put activities. The options activity suggests a potential price movement between $550 and $1180. Analysts have mixed ratings, but the consensus target price is $880.

Portfolio Pulse from Benzinga Insights

July 02, 2024 | 6:30 pm

KLAC

KLA (NASDAQ:KLAC) has significantly outperformed the market over the past decade, delivering an average annual return of 27.4%. A $1000 investment in KLAC 10 years ago would now be worth $11,276.60. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

July 02, 2024 | 6:30 pm

RMD

ResMed (NYSE:RMD) has significantly outperformed the market over the past 15 years, delivering an average annual return of 16.26%. A $1000 investment in ResMed 15 years ago would be worth $9,562.07 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

July 02, 2024 | 6:30 pm

ACHR

NKLA

RIVN

TSLA

Tesla reported Q2 deliveries, leading to an 8.6% rise in its stock price. Other stocks like Wheels Up Experience, Lufax Holding, Nikola Corporation, and Archer Aviation also saw significant gains. The Nasdaq Composite gained around 100 points.

Portfolio Pulse from Avi Kapoor

July 02, 2024 | 6:18 pm

BTCUSD

Standard Chartered projects Bitcoin could reach $100,000 by the U.S. presidential election in November, contingent on Biden remaining a candidate. If Biden withdraws, Bitcoin could fall to $50,000-$55,000. The bank's year-end prediction is $150,000, with a 2025 target of $200,000.

Portfolio Pulse from Murtuza Merchant

July 02, 2024 | 6:17 pm

ACHR

FTHI

KOMP

STLA

Stellantis N.V. (NYSE:STLA) has invested an additional $55 million in Archer Aviation Inc. (NYSE:ACHR) following Archer's transition flight test milestone. This investment is part of a strategic funding agreement, with Stellantis having invested a total of $110 million in Archer throughout 2023. Stellantis shares are down 1.86%, while Archer shares are up 9.21%. Investors can gain exposure to these stocks via First Trust BuyWrite Income ETF (NASDAQ:FTHI) and SPDR S&P Kensho New Economies Composite ETF (NYSE:KOMP).

Portfolio Pulse from Lekha Gupta

July 02, 2024 | 6:12 pm

GME

MARA

NVDA

PLTR

TSLA

The article highlights the top 10 most-searched tickers on Benzinga Pro for the first half of 2024, with Nvidia, Tesla, Palantir, and GameStop among the top ranks. Nvidia saw the highest interest due to its AI advancements, while GameStop surged in searches due to the return of Roaring Kitty. Cryptocurrency-related stocks like Marathon Digital and Coinbase also saw significant interest.

Portfolio Pulse from Chris Katje

July 02, 2024 | 6:06 pm