Streetbeat News

Stock Prices

STNE

B of A Securities analyst Mario Pierry has upgraded StoneCo (NASDAQ:STNE) from Neutral to Buy and increased the price target from $13 to $17, indicating a positive outlook for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 10:52 am

IBP

Goldman Sachs analyst Susan Maklari upgraded Installed Building Products (IBP) from Neutral to Buy and increased the price target from $146 to $178.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 10:49 am

YUMC

Yum China Holdings, Inc. has announced a share repurchase program where it plans to buy back shares worth $750 million in 2024. This is part of a larger commitment to return $3 billion to shareholders through dividends and share buybacks from 2024 to 2026.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 10:48 am

YUMC

Yum China Holdings, Inc. (YUMC) has announced plans to repurchase shares worth $750 million in 2024 across the U.S. and Hong Kong markets. This buyback is part of a broader capital allocation strategy to return $3 billion to shareholders through dividends and share repurchases from 2024 to 2026. The repurchase agreements are divided between $600 million in the U.S. under Rule 10b5-1 and approximately HK$1.2 billion in Hong Kong, with a waiver from the Hong Kong Stock Exchange to ensure equal access for all shareholders. The buyback program was authorized by the board of directors on November 2, 2023.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 10:47 am

TJX

Telsey Advisory Group analyst Dana Telsey has maintained an Outperform rating on TJX Companies (NYSE:TJX) and increased the price target from $100 to $105.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 10:40 am

NICE

NICE Systems Ltd. reported Q3 adjusted EPS of $2.27, surpassing the $2.15 estimate, and sales of $601.34M, exceeding the $595.19M estimate. This reflects an 18.23% increase in EPS and an 8.40% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 10:33 am

MSFT

NVDA

Nvidia Corp (NVDA) is capitalizing on the artificial intelligence boom, with CEO Jensen Huang highlighting generative AI's significance at Microsoft Corp's (MSFT) Ignite event. Nvidia reported a $6 billion profit earlier this year due to the AI surge. The company is upgrading its H200 GPU and preparing new chip models H20, L20, and L2 for clients in China, aiming to comply with U.S. sanctions. Despite these developments, NVDA shares dropped by 0.77% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

November 16, 2023 | 10:32 am

AMZN

Amazon.com, Inc. (NASDAQ:AMZN) has introduced Astro for Business, a new security solution for small and medium-sized businesses that leverages robotics, smart security, and AI. The service offers customizable subscriptions, including Ring Protect Pro and Astro Secure, with additional options like Virtual Security Guard for professional monitoring. This launch comes as businesses face significant losses, with nearly $100 billion reported in 2022. Amazon's stock closed lower by 1.78% at $143.20 on Wednesday.

Portfolio Pulse from Anusuya Lahiri

November 16, 2023 | 10:25 am

DAO

Youdao (NYSE:DAO) reported Q3 earnings with an EPS of $-0.08, missing estimates by 14.29% compared to the expected $-0.07. However, revenue increased by $13.76 million from the same period last year. In the previous quarter, Youdao beat EPS estimates which resulted in a 0.54% share price increase the following day.

Portfolio Pulse from Benzinga Insights

November 16, 2023 | 10:15 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) is reportedly offering discounts on inventory vehicles in various European countries and the U.S., which could continue to pressure margins. GLJ Research's Gordon Johnson, a bearish analyst, highlighted these discounts and sarcastically questioned the 'infinite demand' for Tesla's cars. In contrast, Future Fund's Gary Black downplayed the significance of inventory discounts, stating they only affect models for that quarter, unlike configurator discounts which are factored into analyst models indefinitely.

Portfolio Pulse from Shanthi Rexaline

November 16, 2023 | 10:14 am