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Stock Prices

JNJ

UBS analyst Danielle Antalffy upgraded Johnson & Johnson (NYSE:JNJ) from Neutral to Buy and set a price target of $180.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 11:12 am

AIG

CRBG

AIG has announced a secondary offering of 35 million shares of Corebridge Financial (CRBG) stock, with an option for the underwriter to purchase an additional 5.25 million shares. AIG will remain the majority shareholder after the sale, and all proceeds will go to AIG. J.P. Morgan is the underwriter, and shares will be sold at market or negotiated prices.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 11:10 am

NIO

NIO Inc. reported a 12.6% year-over-year increase in vehicle deliveries for November 2023, with 15,959 EVs delivered. The year-to-date deliveries rose by 33.1% to 142,026 vehicles. NIO's cumulative deliveries reached 431,582. The company has collaborated with Chongqing Changan Automobile to enhance battery-swapping technology and aims to establish 1,000 battery swapping stations by year-end, already operating over 2,000 stations in China and planning expansion in Europe. NIO shares dropped slightly by 0.41% in premarket trading.

Portfolio Pulse from Nabaparna Bhattacharya

December 01, 2023 | 11:05 am

BMO

Bank of Montreal (NYSE:BMO) reported Q4 earnings of $2.095 per share, slightly missing the consensus estimate of $2.10. Despite the earnings miss, the company's quarterly sales of $6.23 billion exceeded the expected $6.04 billion. However, both earnings and sales figures represent a decrease from the same period last year, with earnings down 8.52% and sales down 21.58%.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 11:04 am

VSCO

Telsey Advisory Group analyst Dana Telsey has maintained a 'Market Perform' rating on Victoria's Secret (NYSE:VSCO) and increased the price target from $21 to $29.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 11:01 am

BIG

Telsey Advisory Group analyst Joseph Feldman has maintained a 'Market Perform' rating on Big Lots (NYSE:BIG) and increased the price target from $5.5 to $6 as reported on November 30, 2023.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 10:54 am

AAPL

DIS

META

NFLX

TSLA

WBD

Elon Musk, CEO of Tesla Inc., received support from Welt's editor-in-chief Ulf Poschardt, who praised Musk's 'Go f**k yourself' response to advertisers boycotting his social network X. Poschardt views Musk's stance as a triumph against 'woke' culture. Musk has been criticized for his comments and for endorsing a debunked anti-Semitic conspiracy theory, leading to major advertisers like Apple, Disney, Warner Bros. Discovery, and others halting their ads on X. Despite the controversy, Musk found support from hedge manager Bill Ackman, who remains invested in X.

Portfolio Pulse from Rounak Jain

December 01, 2023 | 10:53 am

GCT

GigaCloud Technology Inc (NASDAQ:GCT) shares rose approximately 8% after reporting strong Q3 FY23 results. Revenue increased by 39.2% Y/Y to $178.2 million, surpassing the consensus of $163.8 million. The company's marketplace GMV grew by 40.8% Y/Y, and the number of active sellers and buyers also saw significant increases. Gross profit soared by 117.3% Y/Y, and adjusted EBITDA increased by 150.4% Y/Y. EPS of $0.59 beat the consensus of $0.38. The company also highlighted its strong cash position and the completion of the Noble House and Wondersign acquisitions. For Q4, GigaCloud expects revenues to significantly exceed consensus estimates.

Portfolio Pulse from Lekha Gupta

December 01, 2023 | 10:50 am

BXP

MPW

NHI

The article discusses three real estate stocks with high dividend yields, as rated by Wall Street's most accurate analysts. Medical Properties Trust, Inc. (MPW) has a dividend yield of 17.96% but received an Underweight rating from JP Morgan and a downgrade from Raymond James. Boston Properties, Inc. (BXP) offers a 6.88% yield, with BMO Capital maintaining an Outperform rating and JP Morgan maintaining an Underweight rating. National Health Investors, Inc. (NHI) has a 6.61% yield, with Wells Fargo maintaining an Equal-Weight rating and Jefferies initiating coverage with a Hold rating.

Portfolio Pulse from Lisa Levin

December 01, 2023 | 10:29 am

XPEV

XPeng Inc. (NYSE:XPEV) achieved a new record in November with 20,041 vehicle deliveries, marking a 245% increase year over year and the second consecutive month surpassing 20,000 deliveries. The XPENG G6 was the top-selling electric SUV in its price range. XPeng has seen consistent growth for ten months, with a year-to-date total of 121,486 units, exceeding the total for 2022. The company showcased its new flagship X9 model and released OTA updates for its smart cockpit operating system. XPEV shares dropped slightly by 0.78% in premarket trading.

Portfolio Pulse from Nabaparna Bhattacharya

December 01, 2023 | 10:21 am