Streetbeat News

Stock Prices

NCRA

Nocera Inc. (NASDAQ:NCRA) announced a change in its senior leadership. The current COO, Hong-Wen (Howard) Ruan, has retired, and Feng-Hua (Howard) Chen has been appointed as the new COO, effective immediately. Chen brings over 30 years of experience in various fields including financial services and construction. CEO Andy Jin expressed confidence in Chen's leadership abilities and extended gratitude to Ruan for his service.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 8:34 pm

Over the past 20 years, Estee Lauder Cos (NYSE:EL) has produced an average annual return of 10.06%, outperforming the market. A $1000 investment in EL 20 years ago would be worth $7,152.02 today. Estee Lauder currently has a market cap of $49.38 billion. The article highlights the impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 8:30 pm

DLTR

Over the past 15 years, Dollar Tree (NASDAQ:DLTR) has produced an average annual return of 16.69%, outperforming the market by 4.5% on an annualized basis. A $100 investment in DLTR 15 years ago would be worth $1,003.87 today. Dollar Tree's market capitalization currently stands at $29.68 billion.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 8:30 pm

CCJ

DNN

UEC

URA

URG

UROY

UUUU

Uranium stocks are up following a request for proposals by the US Department of Energy for uranium enrichment services, aimed at establishing a domestic supply of high-assay low-enriched uranium fuels.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 8:28 pm

HMC

STLA

VWAGY

At the Consumer Electronics Show, Volkswagen (OTC:VWAGY) introduced a GPT-powered voice assistant for vehicles, while Kodiak Robotics unveiled a semi-truck with advanced safety technology, aiming for deployment in 2024. Hyundai showcased its EV range and eVTOL aircraft. Major automakers like Ford (NYSE:F), General Motors (NYSE:GM), Stellantis (NYSE:STLA), and Toyota (NYSE:TM) were absent, but Honda (NYSE:HMC) debuted its new global electric vehicle series.

Portfolio Pulse from Neil Dennis

January 09, 2024 | 8:21 pm

DAL

JBLU

SAVE

UAL

BofA Securities analyst Andrew G. Didora provided mixed ratings for airlines, downgrading JetBlue (JBLU) to Underperform with a price target of $3, citing industry challenges and engine issues. The outcome of JetBlue's lawsuit regarding the acquisition of Spirit Airlines (SAVE) also poses execution risk. United Airlines (UAL) was upgraded to Buy with a price target of $56, due to strong balance sheet and revenue growth prospects. Delta Air Lines (DAL) maintained a Buy rating with a $50 price target, expected to generate significant free cash flow in 2024. Airline stocks underperformed last year, and the domestic market is projected to be oversupplied in 2024.

Portfolio Pulse from Nabaparna Bhattacharya

January 09, 2024 | 8:18 pm

WFC

Wells Fargo (NYSE:WFC) has seen a significant surge in options activity, with a total of 29 unusual trades detected by Benzinga's options scanner. The sentiment among these large investors is nearly evenly split but leans slightly bearish, with 23 puts and 6 calls traded. The puts total $1,895,589, while calls amount to $204,964. The predicted price range for WFC over the next three months is $35.0 to $55.0. The stock is currently trading at $49.2, down by -1.45%, with an RSI suggesting it may be approaching overbought territory. Earnings are expected in 3 days. Analysts have mixed opinions, with price targets ranging from $51 to $66. Deutsche Bank downgraded WFC to Hold, Odeon Capital upgraded it to Buy, Baird downgraded it to Neutral, and Barclays maintained an Overweight rating.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 8:15 pm

ACCD

ACI

CUTR

GRFS

HPE

JBLU

JNPR

TCS

U.S. stocks traded mixed with the Nasdaq Composite turning higher, while the Dow and S&P 500 fell. Information technology shares rose, but energy shares declined. Albertsons Companies Inc. reported higher-than-expected Q3 sales and adjusted EPS. Cutera's shares surged after providing positive preliminary FY23 revenue guidance. Juniper Networks' shares rose on reports of acquisition talks with Hewlett Packard Enterprise. Accolade's shares increased following Q3 results. Grifols' shares fell after a negative report by Gotham City Research. The Container Store Group's shares dropped due to lower-than-expected Q3 net sales forecast. JetBlue Airways' shares declined after a downgrade by B of A Securities and a CEO succession announcement.

Portfolio Pulse from Avi Kapoor

January 09, 2024 | 8:10 pm

BTCUSD

COIN

Coinbase Global, Inc. (NASDAQ:COIN) shares are trading lower on Tuesday but have risen 5% over the past month. Needham analyst John Todaro maintained a Buy rating and increased the price target from $160 to $180, adding Coinbase to the Conviction List for 2024. Coinbase's product growth, derivatives launch, and international expansion, particularly its approval as a VASP in France, were highlighted. This approval positions Coinbase for expansion across the EU once MiCA regulation is implemented. The potential approval of a spot Bitcoin ETF and the rally in Bitcoin prices have positively influenced Coinbase shares, which are up over 90% in the past six months.

Portfolio Pulse from Erica Kollmann

January 09, 2024 | 8:02 pm

LAZR

NVDA

Luminar Technologies, Inc. (NASDAQ: LAZR) has expanded its partnership with Mercedes-Benz, integrating its LiDAR technology into the Official FIA F1 Safety Car and debuting new Automatic Emergency Steering (AES) software with Iris+ LiDAR at CES 2024. The company also showcased its Automated Valet software, announced the production of six new chips by Luminar Semiconductor, and confirmed the start of production for the Volvo EX90 featuring Luminar technology. Luminar's commercial growth includes partnerships with NVIDIA and Mobileye, and agreements with Kodiak Robotics and Gatik for autonomous trucking solutions.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 8:02 pm