Streetbeat News

Stock Prices

AAPL

Apple shares are trading higher after Rosenblatt upgraded the stock from Neutral to Buy and raised the price target from $196 to $260.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 1:33 pm

COLD

Americold Realty Trust shares are trading higher after JP Morgan upgraded the stock from Neutral to Overweight.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 1:33 pm

BABA

BIDU

MSFT

OpenAI's decision to end access to its AI development tools in China is expected to reshape the AI sector, benefiting local companies like Baidu and Alibaba. This move highlights growing US-China tech tensions and may disadvantage smaller startups reliant on OpenAI's tools.

Portfolio Pulse from Shivani Kumaresan

June 26, 2024 | 1:33 pm

CWBHF

WMT

Charlotte’s Web Holdings, Inc. announced that its hemp-derived CBD wellness products are now available at 827 Walmart stores across five states. This move expands Charlotte’s Web's retail presence and offers affordable CBD topicals to Walmart customers. Despite this, Charlotte’s Web's shares fell by 5.53%, while Walmart's shares saw a minor decline of 0.16%.

Portfolio Pulse from Jelena Martinovic

June 26, 2024 | 1:31 pm

AAPL

IYW

T

TMUS

VGT

VZ

Apple Inc. (NASDAQ:AAPL) has introduced Rich Communication Services (RCS) support in its Messages app with the latest iOS 18 update, enhancing cross-platform messaging capabilities. This update allows iPhone users to communicate more effectively with Android users, bridging the gap between different device ecosystems. The RCS feature is currently available through major U.S. carriers such as T-Mobile US Inc (NASDAQ:TMUS), AT&T Inc (NYSE:T), and Verizon Communications Inc (NYSE:VZ). Apple stock has gained over 12% in the last 12 months, and investors can gain exposure via Vanguard Information Technology ETF (NYSE:VGT) and IShares U.S. Technology ETF (NYSE:IYW).

Portfolio Pulse from Shivani Kumaresan

June 26, 2024 | 1:29 pm

BBY

GME

IJH

VB

GameStop Corp (NYSE:GME) is facing challenges in its core business but is leveraging its large cash reserves to earn interest, resembling a bank. Despite a significant drop in stock value, its enterprise value is more than double that of Best Buy Co (NYSE:BBY). GameStop's cash reserves could sustain it for a decade, and investing in U.S. treasuries could yield significant interest income. Investors can also gain exposure to GameStop via iShares Core S&P Mid-Cap ETF (NYSE:IJH) and Vanguard Small-Cap ETF (NYSE:VB).

Portfolio Pulse from Anusuya Lahiri

June 26, 2024 | 1:28 pm

F

GM

LCID

RIVN

STLA

TSLA

J.D. Power projects June new-vehicle sales to be between 1.27M and 1.34M units. Dealer software outages disrupted sales, but a rapid recovery is expected in July.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 1:26 pm

LMT

SPCE

SpaceX successfully launched NOAA's GOES-U weather satellite using its Falcon Heavy rocket for the first time in 2024. This mission marks Falcon Heavy's 10th launch overall and highlights SpaceX's continued advancements in space technology. Lockheed Martin designed the GOES-U satellite, which will aid in weather forecasting and climate monitoring.

Portfolio Pulse from Anan Ashraf

June 26, 2024 | 1:22 pm

FDX

UPS

United Parcel Service (UPS) shares are trading higher in sympathy with FedEx after FedEx reported strong Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 1:22 pm

AAPL

AI

CMG

FDX

LOT

MU

NVDA

RIVN

TSLA

WAY

The top 10 trending stocks on WallStreetBets as of June 26, 2024, include NVDA, RIVN, MU, AI, WAY, LOT, AAPL, TSLA, CMG, and FDX, according to data from Swaggy Stocks.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 1:20 pm