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ABNB

Airbnb's stock (ABNB) trades lower following a downgrade by Barclays from Equal-Weight to Underweight, with a reduced price target from $135 to $100.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 2:26 pm

COST

Costco Wholesale Corp (NASDAQ:COST) is set to report Q1 2024 earnings with a focus on potential membership fee hikes and special dividends. Analysts expect $3.41 EPS and $57.7 billion in revenue. Costco's business model relies on membership fees and high renewal rates rather than sales margins. The last membership fee increase was in June 2017, and the last special dividend was in December 2020. Analysts rate COST as a Buy, but the current price is at the average price target. Recent analyst ratings from Stifel, Truist Securities, and Telsey Advisory Group have set targets ranging from $615 to $625. Costco's stock closed 2.1% higher at $623.86 on Monday.

Portfolio Pulse from Surbhi Jain

December 12, 2023 | 2:26 pm

F

TSLA

A Tesla (NASDAQ:TSLA) Cybertruck was filmed struggling with traction in snow and required assistance from a Ford (NYSE:F) F-150 pickup. The incident has sparked discussions about the Cybertruck's off-road capabilities in adverse conditions. The video contrasts the performance of electric vehicles against traditional gas-powered vehicles in challenging environments. Tesla CEO Elon Musk's previous comments about the Cybertruck's uniqueness are juxtaposed with this event.

Portfolio Pulse from Benzinga EV Insights

December 12, 2023 | 2:23 pm

LLAP

A group of investors in Terran Orbital Corp. (NYSE:LLAP), including Sophis Investments LLC, Roark's Drift LLC, and Tyvak Nano-Satellite Systems' co-founders, are calling for the immediate replacement of Chairman and CEO Marc Bell. They cite a series of misguided statements by Bell, conflicting reports about the company's sale, and a significant stock price drop of nearly 30% in one day. The group, owning about 8.4% of Terran's shares, urges the board to form a new committee of independent directors to oversee a strategic review and meet with them. They propose a new CEO candidate, not a former employee, to address operational and cultural issues and restore market credibility.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 2:22 pm

INTC

Raymond James analyst Srini Pajjuri has maintained an Outperform rating on Intel Corporation (NASDAQ:INTC) and increased the price target from $42 to $48.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 2:22 pm

HAS

MAT

Mattel Inc (MAT) and Hasbro Inc (HAS) stocks are trading lower, with Mattel's decline seemingly influenced by Hasbro's announcement of headcount reductions. Hasbro is implementing cost-saving measures, including eliminating 900 positions over the next 18-24 months, expecting $40 million in severance expenses and aiming for $100 million in annual cost savings. Both companies, which are major toymakers, formed a partnership earlier this year for co-branded toys and games.

Portfolio Pulse from Adam Eckert

December 12, 2023 | 2:12 pm

CCCC

MRK

C4 Therapeutics Inc (CCCC) has signed an exclusive license and collaboration agreement with Merck & Co Inc (MRK) to develop degrader-antibody conjugates (DACs) for cancer treatment. C4 Therapeutics will receive a $10 million upfront payment and is eligible for up to $600 million in milestone payments, plus royalties for an initial oncology target. The agreement also allows for potential expansion to three additional targets, which could bring the total potential payments to approximately $2.5 billion. C4 Therapeutics' stock soared by 55.1% in premarket trading, while Merck's stock saw a slight decrease of 0.13%.

Portfolio Pulse from Vandana Singh

December 12, 2023 | 2:10 pm

NEE

NextEra Energy Inc. (NYSE:NEE) closed at $59.30 with a 1.35% gain in extended trading on Dec. 1, 2023. The article discusses how to earn $500 per month from NEE dividends, requiring an investment of approximately $184,615, based on the current dividend yield of 3.25%. It also explains the inverse correlation between stock price and dividend yield, using numerical examples to illustrate the impact of stock price changes on the yield.

Portfolio Pulse from Shankar Iyer

December 12, 2023 | 2:05 pm

GGE

Green Giant Energy (GGE) has priced its public offering, planning to sell 35 million units at $0.17 each, totaling $5.95 million. The offering includes Class A and Class B common warrants with exercise prices of $0.17 and $0.27, respectively. Class A warrants are exercisable upon an increase in authorized shares, while Class B warrants can be exercised immediately with cashless options under certain conditions. A shareholder meeting is to be held within 120 days to vote on increasing the company's authorized shares, and warrant holders have agreed not to exercise cashlessly below $1.50 in the initial 20 trading days post a reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 2:02 pm

AMD

Advanced Micro Devices (NASDAQ:AMD) has significantly outperformed the market with an average annual return of 47.76% over the past 5 years. An investment of $1000 in AMD stock 5 years ago would be worth $6,664.32 today. The company's market capitalization currently stands at $214.12 billion.

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 2:00 pm