Streetbeat News

Stock Prices

SMCI

Super Micro Computer (NASDAQ: SMCI) has seen a surge in options activity, with 67 uncommon trades spotted by Benzinga's options scanner. The sentiment is mixed, with 46% bullish and 38% bearish. The price target ranges between $300 and $1050. Analysts have varied ratings, with a consensus target price of $790. The stock is currently up 6.79% at $543.33.

Portfolio Pulse from Benzinga Insights

August 12, 2024 | 2:30 pm

SRPT

Sarepta Therapeutics (NASDAQ:SRPT) has significantly outperformed the market over the past decade, delivering an average annual return of 18.89%. A $100 investment in SRPT 10 years ago would be worth $564.27 today. The company currently has a market capitalization of $12.10 billion.

Portfolio Pulse from Benzinga Insights

August 12, 2024 | 2:30 pm

BLDR

Builders FirstSource (NYSE:BLDR) has significantly outperformed the market over the past 5 years, with an average annual return of 52.6%. A $100 investment in BLDR 5 years ago would now be worth $836.86. The company's current market capitalization is $18.24 billion.

Portfolio Pulse from Benzinga Insights

August 12, 2024 | 2:30 pm

BTCUSD

NVDA

Crypto traders express strong confidence in Bitcoin's long-term performance, suggesting it will outperform assets like gold, Ethereum, and Nvidia. Despite current price volatility, traders recommend a strategy of consistent accumulation. Data shows increased large transaction volume and active addresses, with significant accumulation by large holders.

Portfolio Pulse from Khyathi Dalal

August 12, 2024 | 2:29 pm

AAPL

AMZN

BTC

GOOG

META

MSFT

NVDA

QQQ

SPY

TSLA

WMT

The stock market is poised for a rally, but upcoming economic data and earnings from major companies like Home Depot and Walmart will be crucial. The market reaction function has shifted to 'good news is good news and bad news is bad news.' Money flows are positive in NVDA, MSFT, SPY, and QQQ, while neutral in AAPL, AMZN, GOOG, META, and TSLA. Bitcoin has dropped below $60,000 due to lack of whale activity.

Portfolio Pulse from The Arora Report

August 12, 2024 | 2:27 pm

COCH

Envoy Medical shares are trading higher following the company's Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 2:24 pm

CLSK

CleanSpark reported its Q3 adjusted EPS of $(0.01), beating the estimate of $(0.04). However, its sales of $104.11 million missed the estimate of $110.88 million.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 2:21 pm

QQQ

SPY

Last week, the SPDR S&P 500 ETF Trust (SPY) and NASDAQ Invesco QQQ Trust (QQQ) experienced significant volatility, with dramatic market swings driven by macroeconomic uncertainty and a weak July jobs report. The S&P 500 had its best and worst days since 2022, reflecting investor anxiety over recession fears and the collapse of the yen carry trade. Historical precedents suggest that such volatility may continue, especially with upcoming macroeconomic indicators, company earnings, Federal Reserve decisions, and geopolitical conflicts. The 2024 election year is also expected to contribute to market volatility.

Portfolio Pulse from Hayden Buckfire

August 12, 2024 | 2:17 pm

NVDA

SBUX

USO

Oil prices rose due to Middle East tensions, Starbucks saw gains following an activist report, and NVIDIA continued its upward trend.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 2:16 pm

MKTW

MarketWise shares are trading lower following the announcement of the registration of its Chairman and CEO.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 2:15 pm