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(19:20 GMT) Zapp EV Group Price Target Cut to $3.00/Share From $7.00 by Maxim Group
Each trading day features hundreds of headlines and press releases on Benzinga Pro, a source for traders to see the latest news on the overall market and individual tickers.
Here is a look at the most-searched stocks on Benzinga Pro for the month of July 2024. Current prices and year-to-date performances are based on Aug. 1 and do not include dividends. April search results were not tracked.
Read Also: EXCLUSIVE: Top 10 Most Searched Tickers On Benzinga Pro In First Half 2024 – Where Do Nvidia, Tesla, Palantir, GameStop Rank?
4. Advanced Micro Devices, Inc.
6. Zapp Electric Vehicles Group
Check This Out:
Honorable Mentions: The following stocks were the 11th to 20th most-searched tickers on Benzinga Pro in the first half of 2024:
13. Inspire Veterinary Partners
17. NuZee Inc N
Why It's Important: Tesla regained the top spot as the most searched ticker for the first time since January. The company reported second-quarter financials results in July and saw a surge in its share price.
One of the bigger stories in this top 20 tickers list is a name that's not on it: GameStop Corp , The company ranked just outside the list cutoff at 21 for July, which comes after ranking second in June and 7th overall in the first half of 2024.
Serve Robotics saw increased interest from investors thanks to an ownership stake in the company from Nvidia. Serve and Zapp Electric Vehicles were the main newcomers to the top 10 as names not in the top 20 in 2024.
Meta Platforms rejoined the top 10 for the first time since February, a move that comes as the stock typically doesn't even rank among the top 20 most-searched tickers on Benzinga Pro monthly. The company could also be a top stock in August after reporting quarterly financial results on July 31 and seeing its stock soar.
CrowdStrike hit its highest ranking for the year at ninth place, but it wasn't for good reasons. The cybersecurity company was behind an update that took down Windows products worldwide and hurt several major sectors including financials and airlines.
For the honorable mention names, Super Micro Computer saw a significant fall after ranking in the top five of the six months tracks and falling to 19th.
Palantir lost some momentum falling to 16th place, after enjoying several higher rankings earlier in the year and ranking 10th overall for the first half of 2024.
Ranking just outside the top 20 are two names to watch in the coming months. Trump Media & Technology Group ranked 23rd. The stock has been volatile related to events around former President Donald Trump. With the 2024 election nearly three months away, the stock could gain increased attention.
The iShares Russell 2000 ETF ranked 22nd and just outside the top 20. The small-cap ETF could be gaining popularity with some level of rotation by investors from large-cap stocks into small-cap stocks. With a potential rate cut by the Federal Reserve in September, small cap stocks could be focus in the months ahead.
Read Next:
Photo: Shutterstock
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Stamp price increases are on the way as the USPS prepares to hike up how much customers pay for stamps by 5 cents.
This will see the price of the Forever Stamp increase from 68 cents each to 73 cents each starting on July 14. That means its a good idea to buy the stamps at their current price before the change goes into effect.
Forever Stamps retain their value even alongside price increases. That means that any stamp bought for 68 cents will still offer the same value for shipping mail even after the price jumps to 73 cents.
Here’s what the USPS had to say about the stamp price increases.
“As inflationary pressures on operating expenses continue and the effects of a previously defective pricing model are still being felt, these price adjustments are needed to provide the Postal Service with much needed revenue to achieve the financial stability sought by its Delivering for America 10-year plan. The prices of the Postal Service remain among the most affordable in the world.”
Stamp Price Increases: More Shipping Changes
Here’s a quick breakdown of how shipping costs are changing alongside teh 2024 stamp price increase.
Outside of stamp price increases, there’s more news worth reading about below!
We offer insight into all of the hottest stock market news for Friday! That includes everything happening with Tesla , Zapp Electric Vehicles Z and Rivian stock. You can read up on all of this at the links below!
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
More from InvestorPlace
Tesla stock is in the news Friday after the electric vehicle (EV) company’s shares got an increased price target from Mizuho analyst Vijay Rakesh.
This has the Mizuho analyst increasing the firm’s price target from $180 per share to $230 per share. That’s a potential downside of 4.6% compared to its prior closing price. However, it is above the analysts’ consensus price prediction of $198.61 per share.
At the same time as this price increased, the analyst maintained the firm’s “neutral” rating for TSLA stock. That matches the analysts’ consensus rating of hold based on 34 opinions.
What’s Behind the New TSLA Stock Price Target?
Here’s what Rakesh said about Tesla in a note to clients obtained by StreetInsider.
“TSLA reported better JunQ EV deliveries, up 15% q/q, while core EV deliveries continued to slow, down 5% y/y, While 3Q24/SepQ delivery comps are easier y/y, higher Model3 prices in Europe with tariffs, combined with China TSLA EV June deliveries down 20% y/y (vs domestic China EV players BYD/NIO up 98%/35% y/y) and an aging TSLA fleet design are a challenge. We have adjusted our estimates for modestly higher EV deliveries, lower GMs with pricing, and modestly higher OM with headcount cuts.”
TSLA stock is up 4% as of Friday morning with more than 94 million shares traded. The company’s daily average trading volume is about 96 million shares.
We have more stock market stories that traders need to know about on Friday!
InvestorPlace is home to all of the hottest stock market coverage available today. A few examples include what’s happening with shares of Zapp Electric Vehicles Z, Rivian and Qualigen stock today. All of that info is ready at the following links!
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
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