Streetbeat News

Stock Prices

ASTS

BILI

DIS

DJT

GOOGL

META

NFLX

PARA

SNAP

TTWO

The article highlights significant options activity for 10 communication services stocks, indicating potential trading opportunities. The stocks mentioned include META, ASTS, SNAP, GOOGL, DIS, NFLX, DJT, PARA, TTWO, and BILI, with varying sentiments and expiration dates.

Portfolio Pulse from Benzinga Insights

May 29, 2024 | 5:35 pm

AAL

AAP

ANF

CHWY

COP

DKS

HEI

MRO

OZK

TLT

UUP

VIK

Volatility surged in the market as Treasury yields and the US dollar climbed ahead of key economic releases. The CBOE Volatility Index (VIX) spiked 9%, and the yield on the 30-year Treasury note rose to 4.74%. The iShares 20+ Year Treasury Bond ETF (TLT) fell 1.3%, while the Invesco DB USD Index Bullish Fund ETF (UUP) rose 0.5%. Major US equity indices and sectors traded in the red. American Airlines (AAL) tumbled 14% after trimming Q2 earnings guidance and receiving analyst downgrades. ConocoPhillips (COP) announced an all-stock deal to buy Marathon Oil (MRO), with COP shares falling 4% and MRO rising 8%. Bank OZK (OZK) dropped 14% following a downgrade from Citigroup. Dicks Sporting Goods (DKS) spiked 15% after beating earnings expectations. Other notable stock movements included Heico Corp. (HEI) up 2.1%, Viking Holdings (VIK) down 2.7%, Chewy Inc. (CHWY) up 29%, Abercrombie & Fitch (ANF) up 22%, and Advance Auto Parts (AAP) down 8%.

Portfolio Pulse from Piero Cingari

May 29, 2024 | 5:32 pm

GWAV

Greenwave Technology Solutions (GWAV) announced a 1-for-150 reverse stock split, with trading on a split-adjusted basis starting June 3, 2024.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 5:31 pm

UNP

Union Pacific (NYSE:UNP) has significantly outperformed the market over the past 15 years, delivering an average annual return of 15.34%. A $100 investment in UNP 15 years ago would be worth $876.23 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

May 29, 2024 | 5:30 pm

AVGO

Broadcom (NASDAQ:AVGO) has significantly outperformed the market over the past 10 years, delivering an average annual return of 34.54%. A $1000 investment in AVGO 10 years ago would be worth $19,382.33 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

May 29, 2024 | 5:30 pm

BMO

FFIE

RSLS

Bank of Montreal (NYSE:BMO) shares fell 7.1% after reporting worse-than-expected Q2 earnings. Other notable stock movements include ReShape Lifesciences Inc. (NASDAQ:RSLS) jumping 82.8% due to a new patent, and Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) falling 38.8% after disappointing revenue results.

Portfolio Pulse from Avi Kapoor

May 29, 2024 | 5:28 pm

CAVA

Cava Group Inc (NYSE:CAVA) reported better-than-expected earnings for Q1, with revenue up 30.3% year-over-year and earnings per share of 12 cents, beating estimates. CEO Brett Schulman attributes success to Cava's unique value proposition, attracting consumers trading down from casual dining and up from fast food. The company plans to open 50-54 new restaurants in 2024.

Portfolio Pulse from Adam Eckert

May 29, 2024 | 5:20 pm

MCD

McDonald's US President Joe Erlinger issued an open letter stating that the average price of a Big Mac is $5.29, which is a 21% increase since 2019. He also addressed reports on price hikes, calling them 'inaccurate'.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 5:19 pm

AAPL

ARM

QCOM

TSM

Arm Holdings Plc (NASDAQ:ARM) shares are down 2.13% following the launch of Arm Kleidi, a software program for AI, and new Arm Compute Subsystems (CSS) for Client. The company also introduced a second-generation family of GPUs. Arm's largest market remains smartphones, providing IP to companies like Apple and Qualcomm. The new products involve collaborations with Samsung and TSMC.

Portfolio Pulse from Nabaparna Bhattacharya

May 29, 2024 | 5:16 pm

AAPL

AMZN

GOOG

GOOGL

MAGS