Streetbeat News

Stock Prices

AMD

NVDA

QQQ

SPY

AMD's stock is down over 3% due to broader tech sector weakness and anticipation of Nvidia's upcoming earnings report. Nvidia's strong expected performance could impact AMD negatively, as both companies compete in GPUs and AI accelerators. Nvidia's results may set the tone for the semiconductor sector, potentially raising expectations for AMD.

Portfolio Pulse from Henry Khederian

August 26, 2024 | 6:46 pm

UPS

Deep-pocketed investors have shown a bearish sentiment towards United Parcel Service (UPS) through significant options activity, with 62% of the trades being bearish. This unusual activity suggests potential upcoming changes for UPS, which is currently trading at $128.69. An analyst from TD Cowen has downgraded UPS to Hold with a price target of $144.

Portfolio Pulse from Benzinga Insights

August 26, 2024 | 6:45 pm

MARA

Deep-pocketed investors are showing a bullish trend in options trading for Marathon Digital Holdings (NASDAQ:MARA), with significant activity suggesting potential price movements. The options activity indicates a price range of $15.0 to $38.0, with a mix of bullish and bearish sentiments. The current stock price is $18.65, with a consensus target price of $12.0 from analysts.

Portfolio Pulse from Benzinga Insights

August 26, 2024 | 6:45 pm

RIVN

Rivian Automotive Inc. (NASDAQ:RIVN) shares are trading higher following Canada's announcement of a 100% tariff on Chinese-made EVs, aligning with the U.S. and EU. Despite a recent fire at Rivian's Illinois plant, analysts remain optimistic about the stock's future performance.

Portfolio Pulse from Erica Kollmann

August 26, 2024 | 6:43 pm

ALAR

DQ

MRM

PDD

PWM

Daqo New Energy reported weak Q2 results, missing revenue and earnings expectations. Energy shares rose, while information technology shares fell. Medirom Healthcare and Prestige Wealth saw significant stock price increases due to strategic announcements. Alarum Technologies and PDD Holdings experienced notable declines after disappointing financial results.

Portfolio Pulse from Avi Kapoor

August 26, 2024 | 6:40 pm

KEX

Kirby (NYSE:KEX) has outperformed the market over the past 20 years with an average annual return of 9.65%, surpassing the market by 1.3% annually. A $1000 investment in KEX 20 years ago would now be worth $6,515.86, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

August 26, 2024 | 6:30 pm

CI

Cigna (NYSE:CI) has outperformed the market over the past 5 years with an average annual return of 18.06%, resulting in a $1000 investment growing to $2,315.48. This highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

August 26, 2024 | 6:30 pm

BTCUSD

ETHUSD

Crypto analyst Benjamin Cowen predicts Bitcoin will rise, but altcoins will outperform it in 2025. He highlights the impact of Federal Reserve policy on crypto markets and advises risk management. Cowen sees Bitcoin's current cycle aligning with historical patterns.

Portfolio Pulse from Khyathi Dalal

August 26, 2024 | 6:19 pm

SPY

Federal Reserve's Daly stated in a Bloomberg TV interview that the Fed is committed to bringing inflation to its target. The Fed is normalizing its balance sheet and policy rate, indicating ongoing monetary policy adjustments.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 6:16 pm

ABBV

AbbVie has seen unusual options activity with a bullish stance from significant investors. 41% of trades were bullish, with a price target range of $170 to $230. Analysts have mixed ratings, with an average target price of $209.

Portfolio Pulse from Benzinga Insights

August 26, 2024 | 6:15 pm