Streetbeat News

Stock Prices

TSLA

Tesla shares are trading lower following Canada's announcement of a 100% EV tariff on China. This impacts Tesla as Model 3 and Model Y vehicles are exported from Shanghai to Canada.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 3:36 pm

KRE

XLF

As the Federal Reserve approaches potential interest-rate cuts, regional banks, tracked by the SPDR S&P Regional Banking ETF (KRE), have shown recent outperformance compared to larger banks, tracked by the Financial Select Sector SPDR Fund (XLF). Despite a favorable short-term outlook for regional banks, long-term prospects still favor large banks due to regulatory and policy advantages.

Portfolio Pulse from Piero Cingari

August 27, 2024 | 3:32 pm

DOW

IYM

LIN

XLB

Linde plc (NASDAQ:LIN) is investing over $2 billion in a clean hydrogen facility in Alberta, Canada, and has signed a long-term supply agreement with Dow Inc. (NYSE:DOW). The facility will be the largest in Canada and one of the largest globally, supporting Dow's net-zero emissions project. Linde's shares rose 0.60% following the announcement.

Portfolio Pulse from Lekha Gupta

August 27, 2024 | 3:32 pm

THC

Tenet Healthcare (NYSE:THC) has significantly outperformed the market over the past 15 years, with an average annual return of 16.01%. A $1000 investment in THC 15 years ago would be worth $9,318.34 today, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

August 27, 2024 | 3:30 pm

ADI

Analog Devices (NASDAQ:ADI) has outperformed the market over the past 15 years with an average annual return of 15.2%, resulting in a $100 investment growing to $829.29. This highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

August 27, 2024 | 3:30 pm

NFLX

Netflix shares are experiencing an upward trend following Evercore ISI Group's decision to increase its price target from $710 to $750.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 3:27 pm

LUMN

Kerrisdale Capital has announced a short position on Lumen Technologies, expressing skepticism about the company's AI-driven turnaround strategy. The report highlights declining revenues and liquidity concerns, leading to a 10.5% drop in Lumen's stock price. Analysts have mixed ratings, with no positive outlooks.

Portfolio Pulse from Erica Kollmann

August 27, 2024 | 3:26 pm

HBI

Hanesbrands shares are experiencing an uptick following UBS's decision to maintain a Neutral rating while increasing the price target from $5 to $6.5.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 3:17 pm

NVDA

TSM

China's export controls on semiconductor materials like germanium and gallium are impacting global supply chains, affecting companies like Taiwan Semiconductor (TSM) and Nvidia (NVDA). These restrictions are causing cost spikes and potential price increases for AI chips.

Portfolio Pulse from Anusuya Lahiri

August 27, 2024 | 3:15 pm

FWRG

First Watch Restaurant Group (NASDAQ:FWRG) is under pressure due to weak quarterly sales, but Benchmark's analyst Todd Brooks initiated coverage with a Buy rating and a $23 price target. Brooks highlights strong unit economics, potential for store base expansion, and growing brand awareness as key growth drivers.

Portfolio Pulse from Priya Nigam

August 27, 2024 | 3:15 pm