Streetbeat News

Stock Prices

KVUE

Kenvue Inc. (NYSE:KVUE) stock closed at $20.80 after gaining 1.76% on Dec. 1. The stock has seen a 52-week range between $17.82 and $27.80, with a market cap of $39.8 billion. Kenvue offers a dividend yield of 1.98% and has declared a $0.20 dividend per share for Q4 2023. To earn $500 per month from dividends, an investment of approximately $303,030 is required, equating to 14,569 shares at the current stock price. The article explains how dividend yield is calculated and how it can change with stock price fluctuations.

Portfolio Pulse from Shankar Iyer

December 06, 2023 | 5:30 pm

ELF

e.l.f. Beauty (NYSE:ELF) has significantly outperformed the market, with an average annual return of 63.77% over the past 5 years. A $100 investment in ELF 5 years ago would now be worth $1,168.53. The company currently has a market cap of $6.90 billion.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 5:30 pm

TSM

Taiwan Semiconductor (NYSE:TSM) has delivered an average annual return of 18.86% over the past 10 years, outperforming the market by 9.16% annually. A $100 investment in TSM a decade ago would now be worth $556.55. The company's current market capitalization stands at $507.13 billion.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 5:30 pm

SJM

TD Cowen analyst Robert Moskow has maintained an Outperform rating on JM Smucker (NYSE:SJM) and increased the price target from $133 to $136.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 5:30 pm

RBLX

RIOT

SPOT

WDC

Spotify Technology SA (NYSE:SPOT) is undergoing a significant restructure, including a 17% reduction in headcount, due to high costs and negative EBITDA, EBIT, and Net Income Margins. Despite positive gross margins, the company's cost structure has led to this decision. Benzinga identified Riot Platforms Inc (NASDAQ:RIOT), Western Digital Corporation (NASDAQ:WDC), and Roblox Corp (NYSE:RBLX) as companies with similar financial challenges, including high costs and negative margins beyond gross profit.

Portfolio Pulse from Surbhi Jain

December 06, 2023 | 5:27 pm

BXMT

Muddy Waters Research has taken a short position on Blackstone Mortgage Trust (BXMT), citing concerns over interest rate swaps and risk rating manipulations. They predict a significant dividend cut by H2 2024, potential borrower refinancing issues, and a liquidity crisis that could lead to losses wiping out BXMT's market cap.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 5:25 pm

MA

Mastercard Inc (NYSE:MA) announced a 16% increase in its quarterly cash dividend to $0.66 per share and a new $11 billion share repurchase program, to commence after completing the current $9 billion program. As of December 1, 2023, $3.5 billion remains in the current buyback program. In Q3 FY23, Mastercard reported net revenues of $6.53 billion and adjusted EPS of $3.39, both surpassing consensus estimates. The company also repurchased $1.9 billion in shares and paid $538 million in dividends. MA shares saw a slight increase of 0.47% to $410.61.

Portfolio Pulse from Lekha Gupta

December 06, 2023 | 5:22 pm

SHOP

Shopify Inc (NYSE:SHOP) stock is trading lower by 2.89% after mixed analyst ratings following the company's Investor Day. Wedbush downgraded SHOP from Outperform to Neutral but raised the price target from $66 to $68. Oppenheimer maintained an Outperform rating with a price target of $80, citing confidence in management's growth and margin expansion strategies. Needham reiterated a Hold rating, acknowledging SHOP's strong position but remaining cautious due to macro and valuation concerns. Piper Sandler maintained an Underweight rating with a price target of $56, expressing that new disclosures at the Investor Day did not impact their model. Raymond James reiterated a Market Perform rating, impressed by innovation but cautious on valuation.

Portfolio Pulse from Anusuya Lahiri

December 06, 2023 | 5:20 pm

LOVE

Lovesac's stock (LOVE) is trading higher after the company reported its third-quarter earnings, indicating a positive reception from investors.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 5:16 pm

RIVN

Rivian Automotive, Inc. (NASDAQ:RIVN) stock is trading higher, with a more than 30% increase over the last six months. The stock experienced heavy trading volume on Wednesday, with over 32.4 million shares traded, surpassing its 100-day average volume. Goldman Sachs analyst Mark Delaney maintained a Neutral rating on Rivian but lowered the price target from $25 to $19. Rivian is a popular stock among retail investors and short-sellers, with 18.77% of RIVN shares sold short. The stock is trading above its 50-day moving average but below its 52-week high. At the time of publication, RIVN shares are up nearly 10% at $19.10.

Portfolio Pulse from Erica Kollmann

December 06, 2023 | 5:15 pm