Streetbeat News

Stock Prices

AAPL

AMZN

Apple Inc. is rumored to be developing a new HomePod model with a curved LCD display, according to a leak reported by MacRumors. The new design, codenamed B720, is expected to enhance the user experience and Apple's competitiveness in the smart home market. The device may feature a convex LCD screen to display content and integrate with Apple Music and Apple Podcasts. Apple analyst Ming-Chi Kuo anticipates a launch of a redesigned HomePod with a 7-inch display in the first half of 2024. This development could impact the market share of competitors like Amazon.

Portfolio Pulse from Benzinga Neuro

December 28, 2023 | 11:20 am

ASA

SRG

UFI

Insider purchases at ASA Gold and Precious Metals, Seritage Growth Properties, and Unifi indicate potential confidence in these companies. Boaz Weinstein, a 10% owner, bought shares of ASA for about $52,653. Seritage Growth Properties saw purchases by Yakira Capital Management Inc, costing around $130,899. Kenneth Langone, a 10% owner of Unifi, made a significant purchase of $2.88 million in shares. While insider buying can signal investment opportunities, it should not be the sole factor in decision-making.

Portfolio Pulse from Avi Kapoor

December 28, 2023 | 11:18 am

NFE

New Fortress Energy Inc (NFE) has signed an agreement to acquire a 1.6 GW Capacity Reserve Contract from Ceiba Energy, a Denham Capital portfolio company. The deal involves NFE issuing Convertible Preferred Stock and assuming liabilities from Ceiba Energy's subsidiary. The PPA will be transferred to NFE's LNG terminals in Brazil, with the transaction expected to close in March 2024 and cash flows beginning by July 2026. The PPA is projected to add over $280 million annually over its 15-year lifespan, positioning NFE as a leading LNG-to-power company in Brazil. The deal is subject to regulatory approval. Last month, NFE reported lower adjusted EBITDA and missed EPS consensus in Q3. NFE shares closed down 1.10% at $38.60.

Portfolio Pulse from Lekha Gupta

December 28, 2023 | 11:13 am

ATUS

BILI

BTBT

BTDR

CIFR

HIVE

MAXN

NRIX

WULF

In Thursday's pre-market session, several stocks are moving higher despite mixed U.S. stock futures, with the Dow Jones futures down about 40 points. Altice USA, Inc. (ATUS) saw a significant rise of 14.4% after a 12% gain on Wednesday. TeraWulf Inc. (WULF) continued its upward trend with a 10.8% increase following a 30% gain. Nurix Therapeutics, Inc. (NRIX), HIVE Digital Technologies Ltd. (HIVE), and Bit Digital, Inc. (BTBT) all saw pre-market gains, with BTBT rising due to an expansion of its Bitcoin mining fleet and a surge in Bitcoin's price. Cipher Mining Inc. (CIFR) also benefited from the Bitcoin price increase, rising 6.3%. Bilibili Inc. (BILI), Bitdeer Technologies Group (BTDR), and Maxeon Solar Technologies, Ltd. (MAXN) each saw pre-market gains of around 4.9%.

Portfolio Pulse from Avi Kapoor

December 28, 2023 | 10:41 am

KRTX

JP Morgan analyst Jessica Fye has downgraded Karuna Therapeutics (KRTX) from Overweight to Neutral, while also raising the price target from $217 to $330.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 10:24 am

BKNG

Tigress Financial analyst Ivan Feinseth has reaffirmed a Strong Buy rating on Booking Holdings (NASDAQ:BKNG) and increased the price target from $3855 to $4285.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 10:02 am

TSLA

Craig Irwin, a senior research analyst at Roth MKM and a bear on Tesla Inc (NASDAQ:TSLA), considers the stock 'egregiously overvalued' compared to Toyota Motor Corp (NYSE:TM). He cites competition in China and potential EV price cuts as challenges for Tesla. Elon Musk rebuts, stating Tesla is an AI/robotics company, not just an automaker. Despite the bearish view, Tesla's stock closed up 1.89% and gained 142% this year.

Portfolio Pulse from Anan Ashraf

December 28, 2023 | 9:46 am

NFLX

Keybanc analyst Justin Patterson has maintained an Overweight rating on Netflix (NASDAQ:NFLX) and increased the price target from $510 to $525.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 9:42 am

MTCH

Keybanc analyst Justin Patterson has maintained an Overweight rating on Match Group (NASDAQ:MTCH) but has reduced the price target from $56 to $48.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 9:34 am

BLIN

CHRD

DIT

PROF

RETO

Chord Energy Corporation (CHRD) announced leadership changes with Susan Cunningham as Independent Chair and Darrin Henke as EVP and COO, effective in 2024. Bridgeline Digital (BLIN) reported a narrower Q4 loss but missed sales estimates. Profound Medical (PROF) priced a public offering at $7.50 per share. ReTo Eco-Solutions (RETO) reported a significant loss and revenue decline for the six months ended June 30, 2023. AMCON Distributing Company (DIT) declared a special cash dividend.

Portfolio Pulse from Avi Kapoor

December 28, 2023 | 9:24 am