Streetbeat News

Stock Prices

MSFT

Activision Publishing, a subsidiary of Microsoft Corp. (NASDAQ:MSFT), has issued a cease and desist order to halt the release of the H2M mod for Call of Duty: Modern Warfare 2. The mod, which aimed to revitalize the game's multiplayer component, was canceled just before its scheduled release, leading to disappointment and frustration within the gaming community.

Portfolio Pulse from Franca Quarneti

August 16, 2024 | 7:50 pm

AGI

GDX

GFI

GOLD

NEM

OBNNF

Gold mining companies are increasing M&A activity due to high gold prices, which boost their free cash flow. Gold Fields plans to acquire Osisko Mining for $1.57 billion, and Newmont is selling several mines to pay down debt. The VanEck Gold Miners ETF rose 3.08% amid record gold prices. Copper is also becoming a significant focus for gold miners.

Portfolio Pulse from Matt Whittaker

August 16, 2024 | 7:44 pm

DHI

LEN

PBJ

SPY

XHB

Vice President Kamala Harris outlined her plan to lower costs for middle-class Americans, focusing on food, home ownership, and healthcare. She criticized Donald Trump's tax plan, which she claims will increase costs for essential goods. Harris emphasized her commitment to building an 'opportunity economy' and targeting 'bad actors' in the food industry. She also proposed building three million new homes and restoring tax cuts for the middle class.

Portfolio Pulse from Chris Katje

August 16, 2024 | 7:37 pm

SNOW

Financial giants have shown significant interest in Snowflake (NYSE:SNOW) through unusual options activity, with a balanced mix of bullish and bearish trades. The stock is currently trading at $128.47, up 1.11%, and is approaching overbought territory. Analysts have mixed ratings with price targets ranging from $130 to $160.

Portfolio Pulse from Benzinga Insights

August 16, 2024 | 7:32 pm

FDX

Investors have taken a bearish stance on FedEx (NYSE:FDX) as indicated by significant options trades. Benzinga's options scanner detected 14 trades, with 13 being puts totaling $997,838 and 1 call totaling $42,127. The overall sentiment is 64% bearish. The price range targeted by these trades is $280.0 to $320.0. FedEx's stock is currently trading at $284.4, up by 0.08%.

Portfolio Pulse from Benzinga Insights

August 16, 2024 | 7:31 pm

COIN

MARA

RIOT

WULF

Shares of crypto-linked stocks are trading higher amid a rise in the price of Bitcoin.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 7:25 pm

RXT

Rackspace Technology shares are trading higher after UBS raised its price target on the stock from $2.1 to $2.3.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 7:25 pm

DBB

WMT

Walmart beat Wall Street forecasts for Q2 profits and sales, raising its full-year outlook, while Home Depot cut its sales outlook for 2024 due to economic uncertainties. Retail sales in the U.S. grew, but credit-card delinquencies and falling commodity prices indicate economic concerns. The Invesco DB Base Metals Fund also saw a decline.

Portfolio Pulse from Michael Juliano

August 16, 2024 | 7:21 pm

AAPL

Apple is reportedly working on a new project involving a robot arm with an attached iPad, with several hundred employees dedicated to the development. This could signal a new product line and innovation in Apple's hardware offerings.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 7:18 pm

Recent options trading activity on Deere (NYSE:DE) has shown significant interest from large investors, with a mix of bullish and bearish sentiments. The trading volumes and open interest suggest a focus on a price range between $300 and $450. Analysts have mixed ratings on Deere, with price targets ranging from $360 to $448.

Portfolio Pulse from Benzinga Insights

August 16, 2024 | 7:16 pm