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JWN

Telsey Advisory Group analyst Dana Telsey has maintained a Market Perform rating on Nordstrom (NYSE:JWN) but has lowered the price target from $19 to $17.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 10:11 am

BURL

Telsey Advisory Group analyst Dana Telsey has reiterated an Outperform rating on Burlington Stores (NYSE:BURL) and maintained a price target of $225. This reaffirmation of the stock's potential performance suggests confidence in Burlington Stores' prospects.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 10:09 am

CRH

MLM

CRH PLC has agreed to sell its European lime operations to SigmaRoc plc for approximately $1.1 billion. The divested business includes 16 locations across Europe, with $610 million in sales and $137 million in EBITDA for 2022. The deal will be completed in phases, starting in early 2024. CRH also recently purchased Martin Marietta Materials Inc's South Texas cement and concrete operations for $2.1 billion. CRH reported a sales increase of 8% year-over-year and an improved EBITDA margin for the first nine months of the year. CRH shares rose by 4.07% to close at $61.13 on Tuesday.

Portfolio Pulse from Lekha Gupta

November 22, 2023 | 10:08 am

BTCUSD

Binance, the world's largest cryptocurrency exchange, is nearing a $4 billion settlement with the DOJ over criminal violations. CEO Changpeng Zhao has resigned, with Richard Teng set to take over. Zhao retains majority ownership. Two months earlier, insiders Adam Cochran and Kevin O'Leary predicted legal issues and Binance's uncertain future. Bitcoin's price has fallen 3.11% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

November 22, 2023 | 10:00 am

AAPL

FXI

XIACF

Reuters reported that smartphone shipments in China saw a significant increase of 60.9% year-over-year in September, reaching a total of 31.9 million units, according to data from the China Academy of Information and Communications Technology (CAICT).

Portfolio Pulse from Charles Gross

November 22, 2023 | 9:55 am

RIVN

Rivian Automotive Inc (NASDAQ:RIVN) has announced the introduction of a leasing program for select R1T configurations starting next week in select states. This offers potential customers the opportunity to experience the R1T electric pickup truck without committing to a full purchase. Additionally, Rivian is offering a free wall charger and a credit of up to $2000 from Qmerit for new R1T inventory purchases until December 31, with delivery times ranging from 1-6 weeks.

Portfolio Pulse from Anan Ashraf

November 22, 2023 | 9:47 am

GOTU

Gaotu Techedu's board has increased the limit of its share buyback program from $30 million to $80 million, with the program effective until November 22, 2025.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 9:18 am

NVDA

Nvidia Corp. (NVDA) reported Q3 earnings that impressed analysts despite a lackluster investor response. Wedbush analyst Daniel Ives highlighted Nvidia's AI-driven results as a 'jaw-dropper' and compared the current AI developments to the internet boom of 1995. KeyBanc's John Vinh noted strong generative AI demand and the potential multibillion revenue from the GH200 Grace Hopper super chip. Despite a significant expected drop in Q4 sales to China due to regulations, Nvidia anticipates strong global demand. Gene Munster of Deepwater Asset Management echoed positive sentiments, emphasizing Nvidia's unmatched GPUs and CUDA toolkit for AI infrastructure. Nvidia's stock fell 1.74% in after-hours trading post-earnings announcement.

Portfolio Pulse from Shanthi Rexaline

November 22, 2023 | 9:18 am

GOTU

Gaotu Techedu (NYSE:GOTU) reported a Q3 adjusted EPS loss of $(0.02), consistent with the same period last year. However, sales increased by 26.97% to $108.20M from $85.21M YoY.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 9:16 am

SWN

Wells Fargo analyst Roger Read has upgraded Southwestern Energy (NYSE:SWN) from Underweight to Equal-Weight and increased the price target from $6.3 to $6.9.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 9:06 am