Streetbeat News

Stock Prices

HTLF

Piper Sandler analyst Andrew Liesch has maintained an Overweight rating on Heartland Financial USA (NASDAQ:HTLF) and increased the price target from $35 to $38.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 3:44 pm

EIS

GLD

KSA

The conflict between Israel and Hamas has reached day 42 with significant developments in hostage negotiations, military operations, and international reactions. Hamas has agreed in principle to release hostages, while President Biden has accused Hamas of war crimes. IDF operations continue at Shifa Hospital, and Israel has taken control of Gaza's harbor. International condemnation of Israel's actions has come from Saudi Arabia and South Africa. The Israeli shekel and stock market rose, as did Saudi stocks, while U.S. Treasury yields fell. The iShares MSCI Israel ETF (EIS) and iShares MSCI Saudi Arabia ETF (KSA) both saw gains, while the SPDR Gold Trust (GLD) rose and Bitcoin (BTC) fell.

Portfolio Pulse from Piero Cingari

November 16, 2023 | 3:43 pm

VTLE

Piper Sandler analyst Mark Lear has maintained a Neutral rating on Vital Energy (NYSE:VTLE) but has reduced the price target from $64 to $55. This adjustment reflects a more conservative valuation of VTLE's stock.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 3:40 pm

INTC

Intel's stock (INTC) is trading higher following an upgrade from Neutral to Buy by Mizuho, with a price target increase from $37 to $50.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 3:37 pm

MUR

Piper Sandler analyst Mark Lear has maintained an Overweight rating on Murphy Oil (NYSE:MUR) and increased the price target from $52 to $56. This adjustment reflects a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 3:37 pm

WAVD

WaveDancer Inc (NASDAQ:WAVD) shares surged after announcing a merger with Firefly Neuroscience in an all-stock transaction. The merger is expected to close in Q1 2024, with the combined company operating under Firefly Neuroscience and focusing on Firefly's AI-driven Brain Network Analytics platform. Post-merger, Firefly shareholders will own about 92% of the new entity, while WaveDancer shareholders will retain around 8%, which could increase if WaveDancer raises additional capital. WAVD stock rose 75.6% to $2.77 following the news.

Portfolio Pulse from Adam Eckert

November 16, 2023 | 3:36 pm

BABA

JD

JD.Com Inc (NASDAQ:JD) shares dropped 5.3% to $27.07, influenced by Alibaba Group Holding Ltd - ADR (NYSE:BABA) after it reported Q2 financial results. Despite Alibaba's revenue and earnings surpassing estimates, news of Jack Ma's family trust planning to sell 10 million Alibaba shares may signal concerns about the e-commerce sector's health, impacting JD.Com's stock.

Portfolio Pulse from Henry Khederian

November 16, 2023 | 3:35 pm

AX

BNGO

INBX

LADX

RILY

The Bear Cave Newsletter has issued a report on Axos Financial (NYSE:AX), raising concerns about the company's culture, loan portfolio, and crypto ventures. Axos, previously known as Bank of Internet, has been criticized by short-sellers for various risks. The report details Axos's history of 'exception-based lending', its ties to high-interest small business lenders, and its relationship with B. Riley (NASDAQ:RILY), whose CEO recently sold stock to meet a margin call. Axos's auditing history is also questioned, with its current and past auditors having limited experience with public companies. The report suggests that Axos's business model may carry risks similar to those that led to the failure of NetBank in 2007.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 3:34 pm

EOG

Piper Sandler analyst Mark Lear has maintained an Overweight rating on EOG Resources (NYSE:EOG) and increased the price target from $157 to $158.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 3:33 pm

FANG

Piper Sandler analyst Mark Lear has maintained an Overweight rating on Diamondback Energy (NASDAQ:FANG) and increased the price target from $189 to $206.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 3:31 pm