Streetbeat News

Stock Prices

SPEC

Spectaire (SPEC) shares are up following the announcement of a strategic distribution agreement with MLab and Mosolf to distribute the AireCore emissions measurement system in the European trucking market.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 3:33 pm

WFC

Wells Fargo & Company (NYSE:WFC) is expected to report an increase in Q4 earnings to $1.20 per share from 61 cents per share a year ago, with revenue estimated at $20.32 billion, up from $19.66 billion. Despite a positive earnings outlook, the stock fell 0.4% to $49.08. Analysts have revised their ratings and price targets ahead of the earnings call, with mixed opinions ranging from downgrades to maintaining and raising price targets.

Portfolio Pulse from Avi Kapoor

January 11, 2024 | 3:33 pm

ASPN

OPI

PLUG

SPWR

Aspen Aerogels, Inc. (ASPN) reported preliminary Q4 revenue of $84 million and projected FY24 baseline revenue of $350 million, causing its shares to fall 12.2%. Other stocks also moved lower, including Office Properties Income Trust (OPI) after a dividend cut, and Plug Power Inc. (PLUG) and SunPower Corporation (SPWR) following downgrades by Susquehanna. Various companies experienced share price declines due to different reasons such as poor earnings, management changes, and analyst downgrades.

Portfolio Pulse from Avi Kapoor

January 11, 2024 | 3:32 pm

ABT

Over the past decade, Abbott Laboratories (NYSE:ABT) has delivered an average annual return of 11.09%, outperforming the market. A $100 investment in ABT 10 years ago would now be worth $285.91. Abbott Laboratories currently holds a market cap of $196.70 billion.

Portfolio Pulse from Benzinga Insights

January 11, 2024 | 3:30 pm

LULU

Lululemon Athletica (NASDAQ:LULU) has significantly outperformed the market, with an average annual return of 38.95% over the past 15 years. A $100 investment in LULU stock 15 years ago would be worth $13,633.29 today. The company's current market capitalization stands at $61.20 billion.

Portfolio Pulse from Benzinga Insights

January 11, 2024 | 3:30 pm

SPY

UNG

USA Natural Gas Storage reported a decrease of 140 billion cubic feet, compared to the estimated decrease of 119 billion cubic feet and the prior decrease of 14 billion cubic feet.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 3:30 pm

STX

Seagate Technology's stock (STX) trades lower following a downgrade from Neutral to Underperform by Exane BNP, which also set a price target of $65.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 3:29 pm

C

Citigroup shares are trading lower following the disclosure of various reserves and charges that will affect the company's financial results for the fourth quarter.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 3:28 pm

BYDDY

LCID

RIVN

TSLA

Lucid Group, Inc. (NASDAQ:LCID) shares dropped after announcing Q4 deliveries, producing 2,391 vehicles and delivering 1,734. Full-year 2023 saw 8,428 vehicles produced and 6,001 delivered. Q4 financial results are expected on February 21, 2024. Tesla, Inc. (NASDAQ:TSLA) achieved its 1.8-million-unit delivery goal for 2023, while Rivian Automotive, Inc. (NASDAQ:RIVN) delivered 13,972 EVs in Q4. BYD Co., Ltd. (OTC:BYDDY) (OTC:BYDDF) surpassed Tesla as the largest EV manufacturer by volume. Lucid also integrated SiriusXM in Canadian vehicles. LCID shares fell 6.4% to $3.19.

Portfolio Pulse from Nabaparna Bhattacharya

January 11, 2024 | 3:22 pm

INFY

Infosys stock (INFY) is up following a report of higher-than-expected Q3 revenues and an increase in the lower end of its FY24 revenue growth forecast.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 3:21 pm