Streetbeat News

Stock Prices

SKX

Wedbush analyst Tom Nikic has maintained an Outperform rating on Skechers USA (NYSE:SKX) and increased the price target from $59 to $62.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 1:29 pm

PRAX

Praxis Precision Medicines shares are set to resume trading at 9:00 a.m. ET after a halt. The resumption of trading could lead to increased volatility as investors react to the news that caused the halt.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 1:27 pm

BIVI

BioVie Inc Class A Common Shares (BIVI) will resume trading at 8:30 a.m. ET after a halt.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 1:25 pm

ASA

HHC

KMPR

QRVO

Insider purchases at Howard Hughes, ASA Gold and Precious Metals, Qorvo, and Kemper indicate potential confidence in these companies. William Ackman bought $12.05M worth of Howard Hughes shares, Boaz Weinstein acquired $1.42M in ASA, Walden Rhines purchased $465,950 of Qorvo stock, and Joseph Lacher Jr invested $216,000 in Kemper. These transactions may signal buying opportunities, though they should not be the sole basis for investment decisions.

Portfolio Pulse from Lisa Levin

November 29, 2023 | 1:23 pm

TOL

Wedbush analyst Jay McCanless has reiterated a Neutral rating on Toll Brothers (NYSE:TOL) and maintained the price target of $82.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 1:23 pm

PSX

Phillips 66 (PSX) stock price has risen following reports that Elliott Management has acquired a $1 billion stake in the company and intends to pursue seats on the board.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 1:22 pm

TIO

Tingo Group has been requested by Nasdaq to provide information after the SEC's temporary suspension of trading in the company's securities. Tingo intends to respond within 3 to 4 business days and aims to resume trading as soon as possible.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 1:22 pm

VMI

Valmont Industries has initiated a $120M accelerated share repurchase (ASR) with Citibank, N.A., receiving an initial delivery of about 0.4M shares on November 29, 2023. The final share count will depend on the volume-weighted average price, with the ASR concluding by Q1 2024.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 1:18 pm

NEGG

ROVR

SGC

TAL

TXRH

Five consumer discretionary stocks are considered overbought based on their RSI values, which may signal a potential short-term decline. Newegg Commerce (NEGG) authorized a share repurchase program, Superior Group of Companies (SGC) reported strong Q3 earnings, TAL Education Group (TAL) exceeded quarterly expectations, Texas Roadhouse (TXRH) had weaker Q3 earnings but solid sales growth, and Rover Group (ROVR) posted strong Q3 results and raised FY23 guidance.

Portfolio Pulse from Lisa Levin

November 29, 2023 | 1:16 pm

DLTR

Dollar Tree, Inc. (NASDAQ:DLTR) reported Q3 FY23 sales of $7.31 billion, missing estimates of $7.40 billion, and adjusted EPS of $0.97, below the consensus of $1.01. Same-store sales increased 3.9%, but gross margin declined due to various factors. The company repurchased shares, opened new stores, and is reviewing its Family Dollar portfolio. Q4 sales are projected between $8.6 billion and $8.8 billion, with EPS of $2.58-$2.78. The FY23 sales outlook was revised down to $30.5 billion-$30.7 billion, with EPS of $5.81-$6.01. DLTR shares fell 2.19% in premarket trading.

Portfolio Pulse from Nabaparna Bhattacharya

November 29, 2023 | 1:12 pm