Streetbeat News

Stock Prices

KLAC

The options market shows a bearish sentiment towards KLA (NASDAQ:KLAC) with 15 unusual trades. Despite some bullish trades, the majority of the trades indicate a bearish outlook. The stock is currently trading at $850.58, down by 1.48%, with an RSI suggesting it may be overbought. Analysts have mixed ratings with target prices ranging from $765 to $950.

Portfolio Pulse from Benzinga Insights

June 20, 2024 | 3:32 pm

BALL

Ball Corporation (NYSE:BALL) has outperformed the market over the past 20 years with an average annual return of 9.95%, resulting in a $1000 investment growing to $6,723.43. The company currently has a market capitalization of $19.25 billion.

Portfolio Pulse from Benzinga Insights

June 20, 2024 | 3:30 pm

CDW

CDW (NASDAQ:CDW) has significantly outperformed the market over the past 10 years, delivering an average annual return of 21.79%. A $100 investment in CDW 10 years ago would be worth $728.65 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

June 20, 2024 | 3:30 pm

EWU

FKU

FLGB

The Bank of England decided to keep its interest rate steady at 5.25%, while the Swiss National Bank cut its key rate from 1.5% to 1.25%. This led to a slight uptick in UK-related ETFs, including iShares MSC United Kingdom ETF (EWU), Franklin FTSE United Kingdom ETF (FLGB), and First Trust United Kingdom AlphaDEX Fund (FKU). The U.S. Federal Reserve is speculated to cut rates in September.

Portfolio Pulse from Michael Juliano

June 20, 2024 | 3:29 pm

MU

Micron Technology (NASDAQ:MU) faces delays in its semiconductor fab project in Syracuse, NY due to environmental issues involving endangered bat species. The project, which aims to create 9,000 jobs, is now pushed to 2025. Despite this, analysts remain optimistic about Micron's Q4 performance due to strong DRAM and NAND pricing.

Portfolio Pulse from Anusuya Lahiri

June 20, 2024 | 3:28 pm

SPY

Director of the National Economic Council, Brainard, expressed optimism about further progress on inflation, noting that Q1 inflation aberrations have not continued into Q2. However, there has not been enough progress on housing and healthcare prices.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 3:26 pm

SOLUSD

Roger Stone has denied any involvement of Donald Trump or his son Barron in the DJT meme coin, which was rumored to be endorsed by Trump. The coin, created by Martin Shkreli, saw its market cap peak at $300 million. Despite the controversy, the DJT token surged 15% following Stone's tweet.

Portfolio Pulse from Murtuza Merchant

June 20, 2024 | 3:25 pm

OCGN

Ocugen shares are trading lower after the company announced the first patient has been dosed in its Phase 3 liMeliGhT clinical trial for OCU400, a gene therapy for retinitis pigmentosa.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 3:25 pm

BTCUSD

MSTR

MicroStrategy (NASDAQ:MSTR) has reaffirmed its commitment to Bitcoin by purchasing an additional 11,931 BTC for $786 million. This acquisition was funded through a private offering of convertible senior notes, which raised $800 million. The company now holds over 226,331 bitcoins, valued at more than $14.9 billion.

Portfolio Pulse from Murtuza Merchant

June 20, 2024 | 3:18 pm

UNH

Deep-pocketed investors have adopted a bearish approach towards UnitedHealth Group (NYSE:UNH), as revealed by Benzinga's options scanner. Significant options activities were detected, with a notable amount of puts and calls. The price target for UNH ranges from $430 to $540. The stock is currently down 0.04% at $480.87, with RSI indicators hinting at an oversold condition. Analysts have mixed ratings, with an average target price of $582.33.

Portfolio Pulse from Benzinga Insights

June 20, 2024 | 3:16 pm