Streetbeat News

Stock Prices

AIG

Argus Research analyst Jacob Kilstein has upgraded American International Group (AIG) from Hold to Buy and set a price target of $74. This upgrade suggests a positive outlook for AIG's stock.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 3:59 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo provides daily trade strategies for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, based on a proprietary formula considering price, volume, and options flow. The memo outlines potential support and resistance levels for each asset, suggesting possible breakouts or reversals. Key events to watch include the FOMC meeting minutes and NVIDIA's earnings report, which may increase market volatility. The memo is part of a service offering by RIPS, a professional trader, who provides insights and real-time mentorship to Market Clubhouse members.

Portfolio Pulse from RIPS

November 21, 2023 | 3:58 pm

MOR

JMP Securities analyst Jason Butler has reiterated a 'Market Outperform' rating on MorphoSys (NASDAQ:MOR) and maintained a price target of $17.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 3:55 pm

F

Ford Motor Company is scaling back its plans for a $3.5 billion battery plant in Michigan due to disappointing electric vehicle (EV) demand and rising labor costs. The production capacity is being cut by approximately 43% to 20 gigawatt hours per year, and the expected employment is being reduced from 2,500 to 1,700 jobs.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 3:52 pm

MDT

Medtronic's stock is trading higher following the announcement of their second-quarter results, which exceeded expectations. Additionally, the company has increased its guidance for the fiscal year 2024, signaling confidence in its future performance.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 3:44 pm

J

Jacobs Solutions Inc (NYSE:J) shares fell approximately 4% after reporting Q4 FY23 results. Revenue increased 10.5% Y/Y to $4.29 billion, surpassing estimates. Adjusted EPS was $1.90, beating consensus by $0.01. However, the FY24 EPS outlook of $7.70-$8.20 is below the consensus of $8.40. The company also announced a spin-off and merger of its CMS and Cyber & Intelligence units with Amentum. The stock was down 6.75% at $127.74.

Portfolio Pulse from Lekha Gupta

November 21, 2023 | 3:44 pm

AAPL

DWAC

SPY

Donald Trump's 2014 tweet about selling his Apple stock due to the iPhone's screen size proved to be poor investment advice. Since then, Apple's stock has significantly outperformed the market, with a $1,000 investment in Apple growing to $11,846.93, a 1,084.7% return, compared to a 201.6% return from the same investment in the SPDR S&P 500 ETF Trust. Trump, who now posts on Truth Social, a company merging with Digital World Acquisition Corporation, was recently unbanned from Twitter but has only posted once since 2021.

Portfolio Pulse from Chris Katje

November 21, 2023 | 3:42 pm

MVST

J Capital Research has issued a short report on Microvast Holdings (MVST), alleging that the majority of MVST's sales may be fake and that its Chinese factory shows little activity. They also claim that MVST failed to inform investors in a timely manner about the loss of a $200M DOE grant and question the company's reported backlog. J Cap admits to possibly being short MVST shares, indicating a potential conflict of interest.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 3:41 pm

ADI

Analog Devices, Inc (NASDAQ:ADI) reported a 16% year-on-year decline in Q4 FY23 revenue to $2.72 billion, slightly above consensus estimates. Adjusted EPS was $2.01, just above the $2.00 consensus. Industrial revenue fell by 20.4%, while Automotive revenue grew by 13.8%. Communications and Consumer revenues also saw declines. The company experienced a decrease in adjusted gross and operating margins. Analog Devices announced a quarterly cash dividend of $0.86 per share. The company's outlook for Q1 revenue and adjusted EPS is below consensus estimates. ADI shares saw a slight increase of 0.14% to $184.08.

Portfolio Pulse from Anusuya Lahiri

November 21, 2023 | 3:34 pm

UPH

UpHealth (UPH) resumed trading on the NYSE on November 21, 2023, after providing disclosures in filings on November 20, 2023. The resumption follows a period of halted trading due to undisclosed reasons requiring the company to make regulatory filings.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 3:33 pm