Streetbeat News

Stock Prices

F

GM

TM

TSLA

President Joe Biden expressed support for unionization at Tesla and Toyota, which was criticized by entrepreneur David Sacks as an 'archaic view of the past'. Sacks argued that Tesla's non-unionized nature is what makes it innovative. In response, Tesla bear Gordon Johnson argued that Sacks' view is dismissive of the benefits of union jobs for the middle class. Tesla's stock fell 5.46% following the news, partly due to HSBC initiating the stock with a Reduce rating and $146 price target.

Portfolio Pulse from Shanthi Rexaline

November 10, 2023 | 7:13 am

EWU

The U.K.'s trade balance for September was reported at -14.29 billion, better than the estimated -15.30 billion and the prior figure of -15.52 billion.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 7:07 am

EWU

The U.K.'s monthly Gross Domestic Product (GDP) 3M/3M change for September was 0.0%, compared to the estimated -0.1% and the prior 0.3%.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 7:07 am

AQN

Algonquin Power & Utilities Corp. (NYSE:AQN) is expected to release its Q3 financial results on Nov. 10, 2023. Analysts predict earnings of 12 cents per share, up from 11 cents per share in the previous year, and revenue of $670.67 million, up from $594.76 million. The company's shares fell 0.5% to close at $5.59 on Thursday. Recent analyst ratings include a price target cut from $9 to $8.5 by BMO Capital, a price target increase from $9.5 to $10 by Wells Fargo, and a downgrade from Hold to Sell by Desjardins.

Portfolio Pulse from Lisa Levin

November 10, 2023 | 7:06 am

EWU

UK's manufacturing production for September was reported at 0.1%, lower than the estimated 0.3% and significantly improved from the revised prior of -0.7%.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 7:06 am

EWU

The U.K. Industrial Production for September was reported at 0.0%, missing the estimated 0.1% and lower than the revised prior of -0.5%.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 7:05 am

EWU

The preliminary report for Q3 shows a -4.2% change in U.K. business investment, which is lower than the estimated -3.5% and the prior 4.1%.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 7:01 am

TKO

TKO Group Holdings, Inc. has priced its secondary offering of 8.4 million Class A common shares at $79.80 per share. The shares are being sold by one of its stockholders, Mr. Vincent K. McMahon, and TKO will repurchase approximately $100 million of these shares. TKO's CEO Ariel Emanuel, President Mark Shapiro, and other directors have purchased a total of 35,712 shares in the offering.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 6:40 am

TSLA

Tesla Inc (NASDAQ:TSLA) customers can now purchase 'short shorts' by redeeming their referral credits. The shorts were introduced in 2020 as a response to skeptics who had bet against the company's success in the stock market. Tesla shares closed at $210.50 per share on Thursday and is up 94.7% year-to-date.

Portfolio Pulse from Anan Ashraf

November 10, 2023 | 6:14 am

META

TCEHY

Meta Platforms Inc. (NASDAQ:META) has reportedly signed an initial agreement with Tencent Holdings Ltd. (OTC:TCEHY) to re-establish its presence in the Chinese market after 14 years. The collaboration aims to launch a cost-effective model of Meta’s virtual reality headset by the end of 2024, which will be exclusively sold by Tencent in China. The agreement is a significant move for Meta, which has been trying to re-establish its business in China for years.

Portfolio Pulse from Ananya Gairola

November 10, 2023 | 5:47 am