Streetbeat News

Stock Prices

STLA

Stellantis NV (NYSE:STLA) is facing challenges in the European EV market, leading to a significant decline in its stock price. The company has extended the production halt of the Fiat 500e due to weak demand, contributing to a bearish trend. Technical indicators show a strong bearish sentiment, but the RSI nearing oversold levels suggests a potential buying opportunity for risk-tolerant investors.

Portfolio Pulse from Surbhi Jain

October 01, 2024 | 2:56 pm

DUO

Fangdd Network Group shares have been halted due to a significant upward movement, with the stock rising by 12.26%.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 2:55 pm

CLSK

CleanSpark Inc (NASDAQ:CLSK) shares have been trading lower due to a pullback in Bitcoin prices and operational impacts from Hurricane Helene. The company temporarily shut down 365 MW at its Southeast Georgia sites but managed to maintain a hashrate of 10.5 EH/s during the storm. CleanSpark has since restored 200 MW and expects to bring the remaining 165 MW back online soon. The company reports no material damage and anticipates reaching a hashrate of 28 EH/s when fully operational.

Portfolio Pulse from Adam Eckert

October 01, 2024 | 2:54 pm

CSX

CSX Corp is closely monitoring the contract negotiations of the International Longshoremen's Association (ILA) and is proactively preparing for potential work stoppages and service disruptions at East Coast ports.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 2:54 pm

BBVA

EWBC

ING

KEY

SAN

TBBK

TFC

USB

Banking stocks are experiencing a downturn due to overall market weakness, influenced by concerns over potential geopolitical tensions involving Iran and Israel, which could impact the global economy.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 2:53 pm

USO

Yemen's Houthi forces have announced that they conducted three military operations in the Red Sea, Arabian Sea, and Indian Ocean. This development could potentially impact global oil supply routes and maritime security in these regions.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 2:53 pm

BABA

Alibaba's Sun Art Retail Group faces uncertainty as trading suspension fuels divestment rumors. Alibaba's stake in Sun Art, acquired for $3.6 billion in 2020, may be divested, with private equity firms showing interest. Alibaba's recent performance shows mixed results, with a 4% topline growth but a decline in China's retail commerce revenue.

Portfolio Pulse from Anusuya Lahiri

October 01, 2024 | 2:52 pm

CCL

Carnival Corporation (NYSE:CCL) shares are trading lower after the company reported its third-quarter earnings and issued weaker-than-expected guidance for the fourth quarter. Despite beating third-quarter expectations, Carnival's forecast of 5 cents per share for the fourth quarter fell short of the consensus estimate of 7 cents. Analysts have mixed ratings, with Mizuho maintaining an Outperform rating and raising the price target to $26, while Morgan Stanley maintained an Underweight rating but increased the price target to $16.50. The stock is down 4.25% at $17.70 as investors digest the news.

Portfolio Pulse from Erica Kollmann

October 01, 2024 | 2:49 pm

HYDR

PLUG

Plug Power, Inc. (NASDAQ:PLUG) shares are trading lower as the company expands in Spain by collaborating with Carreras Grupo Logístico to launch a green hydrogen ecosystem. This initiative aims to replace lead-acid battery-powered forklifts with hydrogen fuel cells, promoting decarbonization and efficiency. Despite this positive development, PLUG stock has lost over 68% in the past year. Investors can also gain exposure to the stock via Global X Hydrogen ETF (NASDAQ:HYDR).

Portfolio Pulse from Nabaparna Bhattacharya

October 01, 2024 | 2:48 pm

SHEL

XLE

Shell's stock rose due to escalating Middle East tensions, which have increased oil prices. The geopolitical situation, including potential conflicts involving Iran, has led to concerns about oil supply disruptions, benefiting energy companies like Shell. The company's integrated energy portfolio is closely tied to global oil price fluctuations.

Portfolio Pulse from Henry Khederian

October 01, 2024 | 2:47 pm