Streetbeat News

Stock Prices

ALCE

Trading for ALCE was halted and has now resumed as of 8:55:00 AM ET. The halt was due to pending news, and trading has now resumed following the release of this information.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 12:55 pm

LYFT

UBER

Uber and Lyft shares are trading higher following Tesla's announcement of the Cybercab, a rival offering, set to begin production in 2026.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 12:53 pm

AMD

META

MSFT

NVDA

ORCL

AMD is intensifying its AI strategy to compete with Nvidia, unveiling new hardware and partnerships. Despite a cautious outlook from JPMorgan's Harlan Sur, AMD's AI market potential is significant, with a TAM increase to $500 billion by 2028. AMD's MI325X GPU outperforms Nvidia's H200 in AI inferencing, and the company is expanding its server CPU market share with its new EPYC processor. Strategic partnerships with Meta, Microsoft, and Oracle bolster AMD's position.

Portfolio Pulse from Surbhi Jain

October 11, 2024 | 12:47 pm

BAC

Bank of America (NYSE:BAC) offers a 2.6% annual dividend yield, equating to $1.04 per share annually. To earn $500 monthly from dividends, an investor would need 5,769 shares, worth approximately $230,587. BAC shares fell 0.6% to $39.97, with Q3 earnings expected at 77 cents per share, down from 90 cents last year. RBC Capital reiterated an Outperform rating with a $46 price target.

Portfolio Pulse from Avi Kapoor

October 11, 2024 | 12:44 pm

SKYW

UBER

Uber Technologies Inc (UBER) and SkyWest Inc (SKYW) are identified as potentially overbought stocks in the industrials sector, with RSI values above 70. Both companies are set to discuss their Q3 2024 results on Oct. 31, which could impact their stock prices.

Portfolio Pulse from Avi Kapoor

October 11, 2024 | 12:41 pm

FAST

Fastenal Company (NASDAQ:FAST) reported better-than-expected Q3 earnings, with revenue and EPS surpassing estimates. Despite sales growth and increased digital footprint, the company faces challenges with contracting gross margins and decreased operating cash flow. Fastenal sets a cautious tone for 2024, expecting Onsite signings to be on the lower end of their target range.

Portfolio Pulse from Akanksha Bakshi

October 11, 2024 | 12:41 pm

AOS

INDV

LILM

TSLA

Tesla's shares fell 5.6% in pre-market trading after a disappointing robotaxi unveiling event. Other stocks like A. O. Smith, Lilium, and Indivior also saw declines due to various reasons including lowered earnings forecasts and revenue guidance.

Portfolio Pulse from Avi Kapoor

October 11, 2024 | 12:40 pm

COP

MRO

JPMorgan's Arun Jayaram has initiated coverage of ConocoPhillips (COP) with a Neutral rating and a price target of $126, down from $139, due to cautious oil market outlooks. Despite uncertainties, ConocoPhillips is poised for growth with a $9 billion cash return plan and a potential merger with Marathon Oil (MRO).

Portfolio Pulse from Surbhi Jain

October 11, 2024 | 12:34 pm

SGBX

Safe & Green Holdings shares rise as its subsidiary, Safe and Green Development Corporation, announces a preliminary purchase commitment of up to $2.8 million for a South Texas project.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 12:34 pm

ABTS

Abits Group Inc (NASDAQ:ABTS) has received a 180-day extension from NASDAQ to comply with the minimum bid price requirement, needing its share price to be at least $1.00 for ten consecutive days by April 7, 2025.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 12:31 pm