Streetbeat News

Stock Prices

AVGO

LRCX

MRVL

NXPI

QCOM

Chip stocks are experiencing a rise in share prices, likely influenced by Marvell's strong Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 7:39 pm

MSFT

SONY

The delay of Black Myth: Wukong on Xbox Series X|S is reportedly due to an exclusivity deal with Sony, not technical issues as previously rumored. This has caused confusion among fans, as the game is already successful on other platforms.

Portfolio Pulse from Franca Quarneti

August 30, 2024 | 7:38 pm

BBY

DG

DLTR

WMT

Dollar General and Dollar Tree are facing significant challenges due to rising 'shrink' or inventory loss, impacting their financial performance. Dollar General's shares fell over 30% after disappointing Q2 results, while Dollar Tree's shares dropped 14% in the last five days. Best Buy, on the other hand, has managed to control shrink effectively, contributing to a 12% rise in its stock after better-than-expected results.

Portfolio Pulse from Natan Ponieman

August 30, 2024 | 7:37 pm

LASE

Laser Photonics shares fell after the company reported a year-over-year decline in Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 7:34 pm

LMT

High-rolling investors are showing a bullish sentiment on Lockheed Martin (NYSE:LMT) through options trading, with 66% of trades being bullish. The stock is currently trading at $566.5, slightly down by 0.06%. Analysts have set an average target price of $611.33, with some upgrading their ratings.

Portfolio Pulse from Benzinga Insights

August 30, 2024 | 7:32 pm

TSLA

Tesla is planning to unveil its new Robotaxi at the Warner Bros lot in California. This event is expected to showcase Tesla's advancements in autonomous vehicle technology.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 7:29 pm

CING

Cingulate Inc. (NASDAQ:CING) shares are experiencing a significant rise, driven by the announcement of their Precision Timed Release (PTR) technology for ADHD treatment and a positive valuation note from Zacks Small-Cap Research. The stock has seen a 15% increase, with a notable decrease in short interest.

Portfolio Pulse from Vaishali Prayag

August 30, 2024 | 7:23 pm

PDD

QQQ

PDD Holdings Inc (NASDAQ:PDD) saw its stock fall 22% in August due to revenue missing expectations, despite strong earnings. Analysts have adjusted price targets, with Citigroup downgrading the stock. The company faces challenges with slower revenue growth and competition.

Portfolio Pulse from Henry Khederian

August 30, 2024 | 7:19 pm

JOBY

Joby Aviation's short interest has increased by 6.73%, with 19.34% of its float sold short, indicating bearish sentiment. This is higher than its peers' average of 11.66%. It would take 12.19 days to cover these positions.

Portfolio Pulse from Benzinga Insights

August 30, 2024 | 7:15 pm

WES

Western Midstream's short interest has increased by 3.19%, with 7.35 million shares sold short, representing 3.88% of its float. This is higher than its peers' average of 3.85%. The rise in short interest suggests bearish sentiment, but it doesn't guarantee a price drop.

Portfolio Pulse from Benzinga Insights

August 30, 2024 | 7:15 pm