US stocks closed with all three major indices falling, with the S&P Nasdaq index seeing its largest weekly decline in three months. Technology stocks weakened, with Tesla down more than 4%, Nvidia down more than 2%, and CrowdStrike down more than 11%.
Investors accelerated their escape from technology stocks, with stocks and bonds in Europe and the United States being hit hard for two days. This week, the S&P 500 and Nasdaq fell by about 2% and 3.7%, respectively. The Nasdaq stopped its six-week continuous rise, while the Dow and small-cap indices rose by 0.7% and 1.7%, respectively. Chip stocks fell more than 3% on Friday and nearly 9% for the week. Nvidia also fell more than 8.7% for the past three months, making it the worst performer. The "seven sisters of technology" all fell for the week, and cybersecurity leader Crowdstrike, which triggered a global technology outage, fell 11% on Friday, the worst in nearly two years. The VIX panic index rose more than 32% for the week.
Starbucks jumped 7% during trading after being targeted by investment giant Elliott.
According to the media, Elliott holds a large amount of Starbucks shares and has been pushing for ways to improve the stock price. Recently, they have had private contact with Starbucks and the two parties may reach an agreement soon. Subsequently, the increase in Starbucks' stock price expanded from less than 0.6% to 6.8% in about ten minutes.
Why Are Starbucks Shares Trading Higher Today?
Shares of Starbucks Corporation (NASDAQ:SBUX) are trading higher on Friday following a WSJ report suggesting Elliott Investment Management has taken a significant stake in the coffee giant. What's
10 Consumer Discretionary Stocks With Whale Alerts In Today's Session
This whale alert can help traders discover the next big trading opportunities.Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity
Looking Into CarMax's Recent Short Interest
CarMax's (NYSE:KMX) short percent of float has fallen 7.46% since its last report. The company recently reported that it has 18.07 million shares sold short, which is 13.14% of all regular shares
Semiconductor Stocks Historically Outperform Following 5% Selloff in a Day, Bank Of America Says
Semiconductor stocks have taken a beating this week. Bank of America believes the heavy selling pressure on semis sets the sector up for outperformance into the end of the year.What To Know: BofA
W.P. Carey Analyst Ratings
Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 07/18/2024 3.53% UBS $57 → $63 Maintains Neutral 07/12/2024 11.75% JP Morgan $70 → $68 Maintains
Bank OZK Analyst Ratings
Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 07/18/2024 8.72% Stephens & Co. $50 → $50 Reiterates Equal-Weight → Equal-Weight 07/08/2024 -10.85%
Starbucks's Options: A Look at What the Big Money Is Thinking
Deep-pocketed investors have adopted a bearish approach towards Starbucks (NASDAQ:SBUX), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga
Unpacking the Latest Options Trading Trends in ON Semiconductor
Whales with a lot of money to spend have taken a noticeably bearish stance on ON Semiconductor.Looking at options history for ON Semiconductor (NASDAQ:ON) we detected 8 trades.If we consider the
Bank OZK GAAP EPS of $1.52 Misses by $0.01, Revenue of $416.78M Beats by $2.38M
Starbucks and Mercedes Partnering to Put Charging Stations at 100 Stores
'McDonald's $5 Value Meals Lure Back Inflation-battered Customers As Starbuck's, Chili's Also See Boost: Survey' - NY Post
Fast-food and casual dining chains have been serving up affordable meal deals this year in an effort to win back inflation-battered shoppers – and fresh data shows it's working. Restaurants
Starbucks and Mercedes-Benz Rev Up EV Charging Along I-5: A Green Drive From Canada to Mexico
Mercedes-Benz Group's (OTC:MBGYY) High-Power Charging unit and Starbucks Corp (NASDAQ:SBUX) have announced a strategic collaboration to electrify over 100 Starbucks stores nationwide.The initiative
Most Shorted S&P 500 Stocks in June
Notable Earnings After Wednesday's Close
Bank OZK Q2 2024 Earnings Preview
Shares of Companies Within the Broader Consumer Discretionary Sector Are Trading Higher Following a Rise in June Retail Sales, Indicating Continued Consumer Spending.
Shares of Companies Within the Broader Consumer Discretionary Sector Are Trading Higher Following a Rise in June Retail Sales, Indicating Continued Consumer Spending.
Forecasting The Future: 12 Analyst Projections For CarMax
Across the recent three months, 12 analysts have shared their insights on CarMax (NYSE:KMX), expressing a variety of opinions spanning from bullish to bearish.The following table encapsulates their
CarMax Analyst Ratings
Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 07/16/2024 -13.33% Evercore ISI Group $68 → $72 Maintains In-Line 06/24/2024 -9.71% RBC Capital $73 → $75