Streetbeat News

Stock Prices

TOL

Toll Brothers shares are trading lower following the release of their Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 2:47 pm

CLSK

Whales have shown a bullish stance on Cleanspark (NASDAQ:CLSK) with significant options activity. 60% of the trades were bullish, targeting a price range of $14.5 to $30.0. The stock is currently trading at $19.15, up by 3.95%, with a consensus target price of $26.33 from analysts.

Portfolio Pulse from Benzinga Insights

May 22, 2024 | 2:46 pm

ENPH

High-rolling investors have shown significant interest in Enphase Energy (NASDAQ:ENPH) through options trading, with a mix of bullish and bearish sentiments. The trading activity suggests a price target range of $75.0 to $125.0. The stock is currently trading at $119.59, up by 7.26%, with an RSI indicating it may be approaching overbought territory. Analysts have mixed ratings, with price targets ranging from $92 to $147.

Portfolio Pulse from Benzinga Insights

May 22, 2024 | 2:46 pm

CVNA

Investors with significant capital have taken a bearish stance on Carvana (NYSE:CVNA), as observed through unusual options activity. Benzinga's options scanner detected 9 trades, with a split sentiment of 44% bullish and 55% bearish. The trades suggest a targeted price range of $80 to $130 for CVNA over the last three months. Currently, CVNA is trading at $115.98, with mixed analyst ratings and an anticipated earnings release in 56 days.

Portfolio Pulse from Benzinga Insights

May 22, 2024 | 2:46 pm

DVN

EQT

MRO

UGA

XLE

The Biden administration plans to release 1 million barrels of gasoline from reserves to curb rising fuel prices in the Northeast. This move, aimed at easing costs between Memorial Day and July 4, has led to a decline in gasoline futures and energy-related stocks. Former President Trump criticized the action, attributing it to Biden's inability to drill properly.

Portfolio Pulse from Piero Cingari

May 22, 2024 | 2:46 pm

TCEHY

Tencent and iFlytek have significantly reduced the prices of their large-language models (LLMs) to intensify competition in China's generative AI market. Tencent's 'Hunyuan' and iFlytek's 'Spark' are now much cheaper, with some versions being free. This move aligns with China's push to develop its own AI technologies and reduce reliance on foreign suppliers.

Portfolio Pulse from Benzinga Neuro

May 22, 2024 | 2:41 pm

KC

Kingsoft Cloud Holdings Ltd (NASDAQ:KC) reported a fiscal first-quarter 2024 revenue of $245.9 million, down 4.8% year-on-year, missing the analyst consensus estimate of $248.3 million. Despite the revenue dip, the company saw a 2.9% increase in public cloud services revenue due to AI demand. Adjusted loss per ADS was $0.12, beating the consensus estimate of $0.14 loss. The stock has lost 34% in the last 12 months and traded lower by 2.5% at $3.11 recently.

Portfolio Pulse from Anusuya Lahiri

May 22, 2024 | 2:40 pm

BHP

FCX

SCCO

Shares of copper companies are trading lower amid reports of an increase in China inventories.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 2:39 pm

AAPL

GOOGL

MSFT

Google's AI features will be integrated into Honor's upcoming smartphones, including AI assistant Gemini and text-to-image tool Imagen 2. This partnership allows Honor to leverage advanced AI capabilities. Samsung has also partnered with Google Cloud for similar integrations. Meanwhile, Apple is expected to upgrade Siri with Microsoft's AI technology.

Portfolio Pulse from Anusuya Lahiri

May 22, 2024 | 2:37 pm

CG

Carlyle Group has sold 1.1 billion reais worth of shares in the Brazilian hospital chain Rede D'or, according to a report by Valor Economic.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 2:37 pm