Streetbeat News

Stock Prices

ANF

Abercrombie & Fitch Co (NYSE:ANF) shares rose 3.1% to $75.59, hitting a new 52-week high, driven by positive retail sales data from Mastercard SpendingPulse. U.S. retail sales on Black Friday increased 2.5% year over year, with e-commerce sales up 8.5%. ANF's performance reflects consumer engagement and brand loyalty, with both online and in-store sales showing stability despite economic uncertainty.

Portfolio Pulse from Henry Khederian

November 27, 2023 | 8:45 pm

PLTR

Palantir Technologies, Inc (NYSE:PLTR) experienced a slight decline on Monday after a 10% retracement from its 52-week high of $21.85. The stock had surged about 30% since October 31, driven by increased interest in AI and a seven-year contract with the U.K.'s NHS. Palantir also reported a Q3 earnings beat on November 2. Despite the recent pullback, technical analysis suggests the stock may have found a local bottom and could rise if it regains the eight-day EMA. Resistance is at $19.95 and $21.09, with support at $17.84 and $16.29.

Portfolio Pulse from Melanie Schaffer

November 27, 2023 | 8:44 pm

AMD

CCL

INTC

NVDA

The VIX index, Wall Street's 'fear gauge,' has reached its lowest point since before the pandemic, signaling reduced market volatility and increased investor confidence. Despite a slight increase on Monday, the VIX remains well below its long-term average. This trend correlates with recent equity market gains, particularly in riskier stocks like Carnival (CCL), which has risen 30.6%, and chipmakers Intel (INTC), Advanced Micro Devices (AMD), and Nvidia (NVDA), with gains of 25%, 28%, and 20% respectively. The VIX's current low levels are attributed to a more benign interest rate outlook and slowing inflation rates, but there is concern that investors may be mispricing the risk of an economic downturn.

Portfolio Pulse from Neil Dennis

November 27, 2023 | 8:36 pm

LEXX

Lexaria Bioscience's stock is trading higher following the announcement of positive results from a human pilot study evaluating their DehydraTECH technology for oral delivery of semaglutide.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 8:23 pm

SHOT

Safety Shot shares have risen following the company's announcement that it has hired a law firm to investigate its recent stock performance and a short report.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 8:16 pm

PSA

Evercore ISI Group analyst Steve Sakwa has maintained an In-Line rating on Public Storage (NYSE:PSA) and increased the price target from $268 to $271.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 8:13 pm

SVRE

SaverOne's stock price has increased following the announcement of a pilot program with System Logistics. This collaboration could potentially lead to broader adoption of SaverOne's technology in logistics and supply chain solutions.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 8:13 pm

SUI

Evercore ISI Group analyst Steve Sakwa has maintained an Outperform rating on Sun Communities (NYSE:SUI) and increased the price target from $128 to $132.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 8:08 pm

DKNG

WBD

A bettor won nearly $1 million from a $166 wager on a 19-leg same game parlay with DraftKings Inc (NASDAQ:DKNG) during an NBA game between the Los Angeles Lakers and Utah Jazz. The game, aired on TNT, a unit of Warner Bros. Discovery (NASDAQ:WBD), ended with the Lakers winning 131-99. The parlay included various player and team performance predictions, with the odds of the bet cashing at around 0.02%. DraftKings highlighted the win after the bettor's successful prediction of multiple outcomes, including points and rebounds for players like LeBron James and Anthony Davis.

Portfolio Pulse from Chris Katje

November 27, 2023 | 8:01 pm

PGY

PLSE

Pagaya Technologies shares are down due to a CFO transition. Pulse Biosciences shares are up after receiving regulatory approvals for a feasibility study and news of potential stock purchases by Executive Chairman Robert W. Duggan.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 8:01 pm