Streetbeat News

Stock Prices

GM

Financial giants have shown significant interest in General Motors (NYSE:GM) through unusual options activity. Analysis reveals a balanced sentiment with 37% bullish and 37% bearish trades. The major market movers are focusing on a price band between $40.0 and $47.0. Analysts have mixed ratings, with price targets ranging from $34 to $64.

Portfolio Pulse from Benzinga Insights

August 06, 2024 | 2:30 pm

KVUE

Kenvue Inc. (NYSE: KVUE) reported strong Q2 2024 financial results, with sales of $4 billion, beating expectations. The company's Essential Health segment saw a 4.9% increase in sales, while other segments experienced declines. Kenvue reaffirmed its annual guidance and expects full-year adjusted EPS of $1.10-$1.20. The stock rose 13.80% following the announcement.

Portfolio Pulse from Vandana Singh

August 06, 2024 | 2:30 pm

MU

Whales are showing a bullish stance on Micron Technology (NASDAQ:MU) with significant options activity. 47% of trades are bullish, focusing on a price range of $75 to $130. The stock is currently down 1.1% at $89.42, with RSI indicators suggesting it may be oversold. Analysts have an average target price of $165.

Portfolio Pulse from Benzinga Insights

August 06, 2024 | 2:30 pm

CMG

Chipotle Mexican Grill (NYSE:CMG) has significantly outperformed the market over the past 15 years, delivering an average annual return of 25.41%. A $1000 investment in CMG 15 years ago would be worth $29,457.62 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

August 06, 2024 | 2:30 pm

GD

General Dynamics (NYSE:GD) has outperformed the market over the past 20 years with an average annual return of 9.48%. A $100 investment in GD 20 years ago would be worth $615.67 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

August 06, 2024 | 2:30 pm

GFS

GlobalFoundries Inc (NASDAQ:GFS) reported a fiscal Q2 2024 revenue decline of 12% year-on-year to $1.63 billion, beating analyst estimates. Adjusted EPS of 38 cents also surpassed expectations. Despite declines in smartphone and industrial IoT revenue, the company generated strong operating cash flow and holds $4.1 billion in cash. GFS expects Q3 revenue between $1.70 billion and $1.75 billion. The stock has lost 25% in the last 12 months.

Portfolio Pulse from Anusuya Lahiri

August 06, 2024 | 2:29 pm

KINS

Kingstone Companies shares were halted on a circuit breaker to the upside, indicating a significant upward movement in the stock price.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 2:27 pm

ELEV

JMIA

LUMN

RGC

TDUP

VBIV

U.S. stocks traded higher with the Dow Jones index gaining over 300 points. The trade deficit in the U.S. narrowed to $73.1 billion in June. VBI Vaccines, Regencell Bioscience, and Lumen Technologies saw significant stock price increases, while Elevation Oncology, Jumia Technologies, and ThredUp experienced notable declines.

Portfolio Pulse from Avi Kapoor

August 06, 2024 | 2:22 pm

AHOY

EQTY

J

Jacobs Solutions Inc. (NYSE:J) reported strong Q3 FY24 results, with revenue of $4.23 billion beating expectations and adjusted EPS of $1.96 meeting consensus. The company highlighted significant strides in portfolio optimization and strong bookings and backlog. Jacobs reiterated its FY24 adjusted EBITDA outlook and slightly revised its adjusted EPS outlook. Investors can gain exposure to Jacobs through Tidal ETF Trust Newday Ocean Health ETF (NYSE:AHOY) and Valued Advisers Trust Kovitz Core Equity ETF (NYSE:EQTY).

Portfolio Pulse from Lekha Gupta

August 06, 2024 | 2:20 pm

RIVN

Rivian has announced a limited-time 2.99% financing offer on its new Dual Max R1S model. This move is likely aimed at boosting sales and attracting more customers to its electric SUV lineup.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 2:15 pm