Streetbeat News

Stock Prices

GOLD

Barrick Gold (NYSE:GOLD) has seen a surge in options activity, with a majority of trades being bearish. This unusual activity suggests that significant market movements may be anticipated. The stock is currently trading at $20.5, with a neutral RSI and an upcoming earnings announcement in 43 days. An analyst from Argus Research has upgraded the stock to 'Buy' with a target price of $24.

Portfolio Pulse from Benzinga Insights

September 18, 2024 | 5:03 pm

NKE

Recent options trading trends indicate a bearish sentiment among big-money investors towards Nike (NYSE:NKE). Benzinga's options scanner identified 8 unusual trades, with 50% being bearish. The trades suggest a targeted price range of $70 to $90 for Nike. Analysts have mixed ratings, with an average price target of $81.

Portfolio Pulse from Benzinga Insights

September 18, 2024 | 5:03 pm

TMUS

Recent options trading activity for T-Mobile US (NASDAQ:TMUS) shows a bearish sentiment among big-money investors, with 62% of trades being bearish. The options trades include 12 puts and 4 calls, with a total trade value of $627,576 for puts and $213,469 for calls. Analysts maintain an overweight rating with price targets ranging from $209 to $230, despite the current stock price of $199.35.

Portfolio Pulse from Benzinga Insights

September 18, 2024 | 5:03 pm

MU

In the past three months, 24 analysts have provided ratings for Micron Technology (NASDAQ:MU), with a mix of bullish and bearish perspectives. The average 12-month price target has increased slightly to $158.12. Analysts have adjusted their ratings and price targets in response to market conditions, with some lowering and others raising their expectations. Micron's financial performance shows strong revenue growth but challenges in profitability and asset utilization.

Portfolio Pulse from Benzinga Insights

September 18, 2024 | 5:01 pm

ET

GM

GOOG

TTD

The CNBC Final Trades segment highlighted four stocks: Trade Desk, Energy Transfer, Alphabet Class C, and General Motors. These stocks were discussed as potential investment opportunities.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 5:00 pm

H

Hyatt Hotels (NYSE:H) received mixed analyst ratings, with a recent decline in the average 12-month price target. Analysts have adjusted their ratings and price targets, reflecting varied expectations for Hyatt's performance. Despite challenges in revenue growth, Hyatt maintains strong net margins and efficient asset management.

Portfolio Pulse from Benzinga Insights

September 18, 2024 | 5:00 pm

NKE

In the past three months, 29 analysts have rated Nike (NYSE:NKE), with a mix of bullish and bearish perspectives. The average 12-month price target is $91.97, a 13.09% decline from the previous average. Analysts have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Nike's financials show a slight revenue decline but strong net margin, ROE, and ROA, with a sound debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

September 18, 2024 | 5:00 pm

LEN

PHM

Homebuilder stocks Lennar Corp and PulteGroup hit new 52-week highs as investors anticipate a Federal Reserve rate cut. Lower mortgage rates have already boosted the housing market, and further rate cuts could enhance demand. Lennar's Q3 earnings and cash flow yield are in focus, while PulteGroup impresses with strong margins.

Portfolio Pulse from Surbhi Jain

September 18, 2024 | 5:00 pm

BTC-USD

ETH-USD

A Polymarket trader, YatSen, has placed significant bets on Federal Reserve interest rate cuts, ensuring a $500,000 profit if rates are cut by 25 or 50 basis points. The market sees a rate cut as likely, with a 53% chance for a 25 bps cut and 47% for a 50 bps cut. Bitcoin and Ethereum are trading lower amid market caution.

Portfolio Pulse from Khyathi Dalal

September 18, 2024 | 4:54 pm

MAR

Marriott's CEO is observing a potential spending slowdown among lower-income travelers, assessing if it's a temporary issue or a longer-term trend.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 4:45 pm