Streetbeat News

Stock Prices

GM

LAAC

LAC

Lithium Americas Corp (LAC) is progressing with its Thacker Pass project, which is the largest U.S. lithium source, with production starting in 2026. Despite a key partnership with General Motors (GM) and support from the Department of Energy, LAC's stock has been underperforming, trading between $6.5 to $7.5 without signs of momentum. JPMorgan initiated coverage with a neutral rating and a target price of $7. Post-reorganization, Lithium Americas (Argentina) Corp (LAAC) is seen as having less uncertainty and more potential for medium-term returns.

Portfolio Pulse from Surbhi Jain

December 12, 2023 | 3:37 pm

COST

Evercore ISI Group analyst Greg Melich has maintained an Outperform rating on Costco Wholesale (NASDAQ: COST) and increased the price target from $640 to $650.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 3:35 pm

AGFY

Agrify Corporation (NASDAQ:AGFY) reported a significant year-over-year decline in Q2 revenue and gross profit, with revenue dropping 73% to $5.1 million. Despite this, CEO Raymond Chang remains optimistic, citing progress in restructuring the balance sheet, cost reduction, product improvement, and international market certification. Operating expenses decreased notably from $93.1 million to $5.9 million, and net loss improved both sequentially and year-over-year. The company is focused on achieving profitability through further cost reductions and increased efficiency.

Portfolio Pulse from Jelena Martinovic

December 12, 2023 | 3:34 pm

ADBE

Adobe Inc. (NASDAQ:ADBE) is expected to report Q4 earnings of $4.14 per share, up from $3.60 per share a year ago, with revenue estimated at $5.03 billion, up from $4.53 billion. The company faces an EU antitrust complaint over its $20 billion Figma acquisition. Shares rose 0.3% to $627.11. Analysts have recently adjusted price targets, with the most accurate analysts maintaining positive ratings and raising targets.

Portfolio Pulse from Avi Kapoor

December 12, 2023 | 3:32 pm

AMC

AMC Entertainment Holdings Inc (NYSE:AMC) completed a $350 million at-the-market equity offering, selling approximately 48 million shares at an average price of $7.29 per share. The company used the proceeds to repurchase $50 million of its 10% second lien notes due 2026 and exchanged $12.275 million of the same notes for about 1.6 million shares of common stock. This reduced AMC's liabilities by $62.28 million. CEO Adam Aron emphasized the move's role in strengthening the balance sheet and preparing for future challenges and opportunities.

Portfolio Pulse from Adam Eckert

December 12, 2023 | 3:31 pm

AMZN

Over the past 10 years, Amazon.com (NASDAQ:AMZN) has produced an average annual return of 22.38%, outperforming the market by 12.42% on an annualized basis. A $1000 investment in AMZN a decade ago would be worth $7,512.66 today. Amazon's market capitalization currently stands at $1.50 trillion. The article highlights the impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 3:30 pm

VRSK

Over the past 10 years, Verisk Analytics (NASDAQ:VRSK) has delivered an average annual return of 14.0%, outperforming the market by 4.04% on an annualized basis. A $1000 investment in VRSK a decade ago would be worth $3,707.76 today. Verisk Analytics currently holds a market capitalization of $34.81 billion.

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 3:30 pm

BYND

There was a notable options trade for Beyond Meat, where an investor purchased 295 call options with a strike price of $11, expiring on February 16. The options were bought near the ask price at $1.694 each, compared to an open interest of 199, indicating new positioning. The stock reference price at the time was $10.755.

Portfolio Pulse from Charles Gross

December 12, 2023 | 3:27 pm

ADTX

Aditxt, Inc. shares have resumed trading after a temporary halt. The news is brief and does not provide details on why trading was halted or what may have caused it to resume.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 3:26 pm

INTC

NVDA

TSM

Nvidia Corp. (NVDA) has outperformed Intel Corp. (INTC) in 2023, with its stock price surging 226% compared to Intel's 67% increase. Nvidia's market cap is now $1.152 trillion, dwarfing Intel's $187.781 billion. Nvidia's data center revenue soared to $14.5 billion in Q3 2023, while Intel's fell to $3.8 billion. Nvidia dominates the AI chip market with over 70% share, and its H100 chip is in high demand, with production dependent on TSMC (TSM). Analysts rate NVDA as a 'Buy' with a 27.6% upside, while INTC is rated as a 'Hold' with a potential 22.2% decline.

Portfolio Pulse from Rounak Jain

December 12, 2023 | 3:25 pm