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Stock Prices

LEN

Lennar Inc. (NYSE:LEN) stock is currently trading at $140.02, up 0.27%, and has increased by 9.17% over the past month and 54.17% over the past year. The company's P/E ratio of 10.36 is lower than the Household Durables industry average of 10.66, which could suggest that the stock is undervalued or that shareholders expect less future growth.

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 1:30 pm

LCID

Lucid Group Inc (NASDAQ:LCID) shares fell after CFO Sherry House resigned to pursue other opportunities, effective immediately. She will remain in an advisory role until year-end. Gagan Dhingra, VP of accounting, will be interim CFO. This follows Lucid's removal from the Nasdaq-100 Index, which also contributed to a share price decline.

Portfolio Pulse from Adam Eckert

December 12, 2023 | 1:30 pm

EXR

Wells Fargo analyst Eric Luebchow upgraded Extra Space Storage (EXR) from Underweight to Overweight and increased the price target from $120 to $155.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 1:29 pm

CCCC

MRK

C4 Therapeutics' stock is trading higher following the announcement of a licensing and research collaboration with Merck to develop degrader-antibody conjugates.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 1:28 pm

CADL

Candel Therapeutics' stock is up following the FDA Fast Track Designation for its pancreatic cancer treatment, CAN-2409.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 1:25 pm

Boeing (BA) and Avolon have announced their intention for Avolon to purchase an additional 40 737-8 airplanes, expanding their 737 MAX portfolio. This order includes both 737-8 and 737-10 variants. The deal is contingent on approval from Bohai Leasing Co, Ltd, Avolon's main shareholder. The order will be added to Boeing's Orders and Deliveries website once finalized.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 1:24 pm

BLBD

Blue Bird Corp's stock (BLBD) is trading higher following the announcement of their Q4 financial results, which exceeded expectations. Additionally, the company has raised its revenue guidance for FY24, signaling confidence in its future performance.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 1:23 pm

AVGO

CMCSA

GOOG

NVDA

Citigroup analyst Christopher Danely reinstated Broadcom Inc (NASDAQ:AVGO) with a Buy rating and a $1,100 price target, causing the stock to close higher by $95. Broadcom's stock reached its highest price in a year at $1,029.24. The positive sentiment is due to Broadcom's strong core business and the acquisition of VMware, enhancing its cloud offerings. Broadcom is also expanding into AI, working with companies like Google and Comcast, but not directly competing with Nvidia in GPUs for AI model training. Broadcom's AI infrastructure sales are expected to double from $4 billion in FY23 to $8 billion in FY24. The company reported solid earnings for its fiscal fourth quarter, exceeding expectations and increasing its dividend by 14% to $5.25 per share. However, quarterly sales of $9.29 billion missed the Street's estimate of $9.41 billion.

Portfolio Pulse from Anusuya Lahiri

December 12, 2023 | 1:22 pm

CTHR

DCTH

FTCI

NEPH

Insiders at four penny stock companies, including Nephros, Delcath Systems, Charles & Colvard, and FTC Solar, have recently made significant share purchases. These transactions may signal insider confidence in the companies' prospects despite mixed recent financial results. Nephros and FTC Solar reported positive developments, while Delcath Systems and Charles & Colvard posted less favorable financial outcomes.

Portfolio Pulse from Avi Kapoor

December 12, 2023 | 1:21 pm

ALE

DTE

DUK

GNE

NGG

Five utilities stocks with high RSI values, indicating potential overbought conditions, are raising concerns for momentum-focused investors. Genie Energy Ltd. (GNE) reported strong Q3 results and raised FY23 guidance, with a 14% stock increase over the past month. DTE Energy Company (DTE) reported disappointing Q3 earnings and lowered FY23 guidance, yet its stock gained 13%. ALLETE, Inc. (ALE) is considering a sale after a sales decline, with a 9% stock increase over five days. National Grid plc (NGG) saw a decline in H1 EPS but an 11% stock increase over the past month. Duke Energy Corporation (DUK) reported positive Q3 earnings and a 10% stock increase over the past month.

Portfolio Pulse from Avi Kapoor

December 12, 2023 | 1:21 pm