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OPEN

RDFN

ZG

Real estate stocks, including Opendoor Technologies Inc. (OPEN), Zillow Group Inc. (ZG), and Redfin Corp. (RDFN), are experiencing a surge as the 10-year Treasury yield falls below 4%. Opendoor received an analyst upgrade from Keefe, Bruyette & Woods Inc., changing its rating from Underperform to Market Perform and increasing its price target from $1.65 to $3.50 per share. Zillow and Redfin also saw significant gains, with Zillow's stock price increasing by 8.84% on Wednesday and continuing to rise by 6.8% in early Thursday trading, while Redfin's shares went up nearly 15% in the same period. The drop in Treasury yields is attributed to traders expecting Federal Reserve rate cuts in 2024.

Portfolio Pulse from Chris Bibey

December 14, 2023 | 9:12 pm

KRC

Kilroy Realty Corporation has announced that Angela Aman will take over as Chief Executive Officer effective January 22, 2024. This executive change is significant for the company's leadership and strategic direction.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 9:08 pm

RICK

RCI Hospitality Holdings (NASDAQ:RICK) reported Q4 earnings of $1.11 per share, missing the consensus estimate of $1.13 by 1.77%. Year-over-year, this represents a 23.45% decrease from $1.45 per share. However, the company's quarterly sales of $75.25M exceeded estimates by 0.66% and marked a 5.42% increase from the previous year's $71.38M.

Portfolio Pulse from Happy Mohamed

December 14, 2023 | 9:06 pm

GTIM

Good Times Restaurants (GTIM) reported a narrower Q4 loss of $(0.02) per share compared to $(0.10) per share in the same quarter last year. However, sales decreased by 2.46% to $34.32M from $35.19M year-over-year.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 9:06 pm

MRK

MRNA

PFE

Moderna's CEO Stéphane Bancel discussed on CNBC the promising data of their new cancer vaccine mRNA-4157 (V940), developed with Merck, showing significant reduction in relapse or death in melanoma patients. Despite Moderna's stock being down year-to-date, Bancel is optimistic about future growth, citing market share gains in Covid vaccines, the upcoming RSV vaccine launch, and seven Phase 3 products in the pipeline. Moderna's stock rose over 9% following the news.

Portfolio Pulse from Erica Kollmann

December 14, 2023 | 9:03 pm

MESA

Mesa Air Group Inc has announced that it will not meet the SEC filing deadline for its annual 10-K report for the year ending September 30, 2023. The company is required to file this report with the Securities and Exchange Commission (SEC) and has submitted an NT 10-K form, which is used to notify the SEC of a delay in filing its 10-K.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 9:01 pm

ATO

Over the past 3 months, 6 Wall Street analysts have published their opinions on Atmos Energy (NYSE:ATO), with 2 bullish, 3 somewhat bullish, and 1 indifferent rating. The average 12-month price target for ATO is $121.5, with a high of $133.00 and a low of $110.00. This target has decreased by 2.93% from the previous average of $125.17. Analyst ratings are based on company data, financial statements, and insider information, and are intended to predict stock performance over the upcoming year.

Portfolio Pulse from Benzinga Insights

December 14, 2023 | 9:00 pm

SIX

Six Flags Entertainment (NYSE:SIX) has received a mix of analyst ratings in the last quarter, with 3 bullish, 2 somewhat bullish, 4 indifferent, and 1 somewhat bearish. The average price target among these analysts is $26.8, which is slightly above the current price of $26.1, suggesting a modest upside. This target reflects a 1.94% decrease from the previous target of $27.33. Analyst ratings are updated quarterly and are based on financial analysis and insider information.

Portfolio Pulse from Benzinga Insights

December 14, 2023 | 9:00 pm

KTB

Kontoor Brands (NYSE:KTB) has received 4 analyst ratings in the last quarter, with 3 being bullish, 1 somewhat bullish, and none indifferent, somewhat bearish, or bearish. The average price target is $62.0, representing an upside from the current price of $57.88. The price target has increased by 17.71% over the past month. Analyst ratings are based on information from company events, financial statements, and insider conversations, and they provide guidance on stock performance.

Portfolio Pulse from Benzinga Insights

December 14, 2023 | 9:00 pm

VRNT

Verint Systems (NASDAQ:VRNT) has received positive analyst ratings in the last quarter, with 3 bullish and 2 somewhat bullish ratings out of 5 analysts. The average price target is $38.4, representing an implied upside from the current price of $28.0. The target has increased by 1.05% over the past month. Analysts typically review stocks each quarter and may adjust their ratings based on financial analysis and company performance.

Portfolio Pulse from Benzinga Insights

December 14, 2023 | 9:00 pm