Streetbeat News

Stock Prices

Recent unusual options activity on Home Depot (HD) indicates a bearish sentiment among high-rolling investors, with a significant portion of trades aiming for a price range between $280.0 and $410.0. The activity, highlighted by Benzinga, includes both calls and puts with varying sentiments. Home Depot, the world's largest home improvement retailer, has seen its stock price slightly decrease by -0.96%, with an RSI indicating a potential overbought situation. Analysts have mixed views, with an average target price of $410.67.

Portfolio Pulse from Benzinga Insights

March 22, 2024 | 4:31 pm

INTC

Recent options trading activity indicates a bullish sentiment on Intel (NASDAQ:INTC) among 'whales'. Analysis of 9 significant trades shows a preference for calls over puts, with a targeted price range of $30.0 to $60.0. Notable trades include both bullish and bearish positions, with varying strike prices and expiration dates. Intel, a leading chipmaker, is currently trading at $42.22, with neutral RSI indicators and an earnings announcement expected in 34 days. Analyst opinions on Intel are mixed, with target prices ranging from $17 to $50.

Portfolio Pulse from Benzinga Insights

March 22, 2024 | 4:31 pm

Worthington Steel, Inc. (NYSE:WS) shares surged after reporting Q3 fiscal 2024 earnings of 99 cents per share, surpassing Wall Street expectations of 84 cents. Revenues reached $805.80 million, beating forecasts of $700.50 million, with a 3% year-over-year increase. The company also announced a quarterly dividend of $0.16 per share, payable on June 28, 2024. The stock price jumped 24.7% to $39.79.

Portfolio Pulse from Nabaparna Bhattacharya

March 22, 2024 | 4:27 pm

HPCO

ISPR

Ispire Technology Inc. (NASDAQ:ISPR), a company specializing in e-cigarettes and cannabis vaping products, announced a public offering of 2.05 million shares at $6 each, aiming to raise $12.3 million. The funds are intended for the establishment of a manufacturing facility in Malaysia, funding a joint venture, and general corporate purposes. The company's cannabis business has shown significant growth, with a 30.7% increase in revenue year-over-year. Ispire has partnerships with celebrities like Snoop Dogg and Burna Boy for product endorsements. Following the announcement, ISPR shares dropped 27.91% to $5.85. Hempacco Co., Inc. (NASDAQ:HPCO) also has a distribution agreement with Ispire's subsidiary.

Portfolio Pulse from Jelena Martinovic

March 22, 2024 | 4:23 pm

GRFS

Grifols shares are trading lower following the CNMV's review of the company's financial reports, which identified deficiencies but no significant errors.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 4:23 pm

MKC

McCormick & Company, Inc. (NYSE:MKC) is set to release its Q1 earnings before the market opens on March 26, 2024, with analysts expecting a slight decrease in earnings per share from the previous year and projecting quarterly revenue of $1.56 billion. Following a revenue miss in Q4, analysts have revised their ratings and price targets for MKC, with changes ranging from downgrades to maintaining current ratings but adjusting price targets downward.

Portfolio Pulse from Avi Kapoor

March 22, 2024 | 4:19 pm

BIOL

CUTR

ISPR

NKE

OTLK

SINT

SMLP

U.S. stocks traded lower with the Dow Jones falling over 200 points. Nike Inc shares dropped more than 8% after Q3 results, beating revenue and EPS estimates but still saw a decline. Summit Midstream Partners, Outlook Therapeutics, and BIOLASE saw significant gains after positive announcements. Conversely, Cutera, Sintx Technologies, and Ispire Technology experienced notable drops following disappointing financial results and public offering announcements. Oil and gold prices also fell slightly.

Portfolio Pulse from Avi Kapoor

March 22, 2024 | 4:18 pm

IBM

Investors have shown a bullish stance on IBM (NYSE:IBM), with options trading indicating a split sentiment of 57% bullish and 42% bearish. A total of 14 uncommon options trades were spotted, with a predicted price range for IBM between $150.0 to $220.0. The volume and open interest analysis suggests significant activity in IBM's options market. Currently, IBM's stock price is up by 0.42% at $192.71, with an anticipated earnings release in 26 days. Market experts have issued a consensus target price of $203.0 for IBM.

Portfolio Pulse from Benzinga Insights

March 22, 2024 | 4:16 pm

CCSO

HYDR

HYZN

Hyzon Motors Inc (NASDAQ:HYZN) reported a significant drop in FY23 revenue to $0.30 million from $3.7 million the previous year, with losses widening as operational loss reached $(188.0) million from $(172.8) million and adjusted EBITDA at $(134.2) million from $(125.5) million. Despite deploying 19 vehicles, EPS loss worsened to $(0.75) from $(0.13). The company ended the year with $112.3 million in unrestricted cash and investments, with a Q4 net cash burn of $25.5 million. Hyzon Motors is also part of the Global X Hydrogen ETF (NASDAQ:HYDR) and Carbon Collective Climate Solutions U.S. Equity ETF (NASDAQ:CCSO).

Portfolio Pulse from Lekha Gupta

March 22, 2024 | 4:13 pm

AAPL

IWM

LULU

NKE

The article discusses opportunities in small and micro caps, highlighting the iShares Russell 2000 ETF (IWM) and its potential for significant growth. It mentions the Fed's decision to ignore inflation as positive for these caps. It also covers the impact of an antitrust lawsuit on Apple Inc (AAPL), causing a significant market value loss. Additionally, it notes the performance of various companies and ETFs, including Nike (NKE) and Lululemon Athletica (LULU), following earnings reports. The article also touches on China's currency weakening, money flows in major tech stocks, and the performance of gold, oil, and Bitcoin.

Portfolio Pulse from The Arora Report

March 22, 2024 | 4:08 pm