Streetbeat News

Stock Prices

Visa, Inc. (NYSE:V) shares are trading lower after the company reported a slight revenue miss for the third quarter. Despite increases in payments volume, cross-border volume, and processed transactions, the stock is down 3.67% and trading below its 50-day moving average. Analysts have cut price targets but maintained an Overweight rating.

Portfolio Pulse from Erica Kollmann

July 24, 2024 | 2:51 pm

CHKP

Check Point Software shares are trading higher following the appointment of a new CEO.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 2:51 pm

LCID

TSLA

Lucid Group Inc (NASDAQ:LCID) shares are trading lower by 4.46% to $3.32, likely in sympathy with Tesla Inc's mixed second-quarter earnings. Tesla's lower-than-expected earnings and forecast for slower growth have created negative sentiment around the EV sector, impacting Lucid's stock. Tesla's focus on cash reserves may also raise concerns about Lucid's liquidity in a competitive market.

Portfolio Pulse from Henry Khederian

July 24, 2024 | 2:49 pm

ENPH

FLEX

GPI

MANH

MAT

PRG

QXO

STX

Several major stocks, including AT&T, Group 1 Automotive, Mattel, and Seagate, saw significant gains on Wednesday despite a general market downturn. AT&T's shares rose following its second-quarter earnings report, while other companies like PROG Holdings, QXO, Flex Ltd., and Manhattan Associates also reported better-than-expected financial results, driving their stock prices higher.

Portfolio Pulse from Avi Kapoor

July 24, 2024 | 2:46 pm

SNOW

Financial giants have shown a bearish trend in options trading for Snowflake (NYSE:SNOW), with 55% of trades being bearish. The major market movers are focusing on a price range between $120.0 and $190.0. Currently, SNOW is trading at $130.19, down by -1.82%. Analysts have mixed ratings with target prices ranging from $165 to $220.

Portfolio Pulse from Benzinga Insights

July 24, 2024 | 2:46 pm

SHOP

Deep-pocketed investors have adopted a bearish approach towards Shopify (NYSE:SHOP), as revealed by Benzinga's options scanner. The significant options activity includes 3 puts totaling $335,685 and 6 calls amounting to $186,695, with a general bearish sentiment. The expected price range for Shopify is between $60.0 to $70.0 over the next three months. Current trading volume is 1,453,004, with the stock price at $61.57, down by -1.74%. Analysts have mixed ratings, with an average price target of $81.25.

Portfolio Pulse from Benzinga Insights

July 24, 2024 | 2:46 pm

ULTA

Ulta Beauty shares are trading lower after Piper Sandler downgraded the stock from Overweight to Neutral and lowered its price target from $494 to $404.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 2:44 pm

ENPH

Enphase Energy Inc (NASDAQ:ENPH) shares are trading higher following the company's second-quarter financial results. Despite missing revenue and EPS estimates, the company reported strong U.S. revenue growth and significant free cash flow. Analysts have adjusted their price targets, with mixed ratings.

Portfolio Pulse from Adam Eckert

July 24, 2024 | 2:41 pm

AMC

AMC Entertainment Holdings Inc (NYSE:AMC) shares are trading lower after the company reported preliminary second-quarter results. AMC expects Q2 revenue of $1.03 billion, a loss of 10 cents per share, and adjusted EBITDA of $29.4 million. Despite the impact of the 2023 actors and writers strikes, AMC noted a significant increase in daily revenues in June 2024 and anticipates strong box office momentum in the second half of 2024 and beyond.

Portfolio Pulse from Adam Eckert

July 24, 2024 | 2:40 pm

LCID

NIO

PSNY

TSLA

XPEV

Shares of EV stocks are trading lower in sympathy with Tesla, which fell after reporting mixed Q2 earnings.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 2:38 pm