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Stock Prices

CVNA

Carvana Co (NASDAQ:CVNA) shares are trading higher after JPMorgan analyst Rajat Gupta upgraded the stock from Underweight to Neutral and increased the price target from $25 to $40. Carvana has rallied over 750% since the start of the year, following a beneficial debt restructuring agreement that cut about $1.3 billion in debt and continued to exceed analyst expectations. The average price target among analysts is $22.57, with two positive, 13 neutral, and five negative ratings.

Portfolio Pulse from Adam Eckert

December 04, 2023 | 3:32 pm

LOW

Lowe's Companies (NYSE:LOW) has delivered an average annual return of 18.46% over the past 5 years, outperforming the market by 6.88% on an annualized basis. A $1000 investment in LOW 5 years ago would be worth $2,293.29 today. The company's current market capitalization stands at $116.91 billion.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 3:30 pm

MNST

Monster Beverage (NASDAQ:MNST) has delivered an average annual return of 17.98% over the past 10 years, outperforming the market. A $1000 investment in MNST a decade ago would now be worth $5,236.57. The company's current market capitalization stands at $57.03 billion.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 3:30 pm

PPBI

Keefe, Bruyette & Woods analyst Christopher Mcgratty has maintained a 'Market Perform' rating on Pacific Premier Bancorp (NASDAQ:PPBI) and increased the price target from $24 to $25.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 3:29 pm

ALK

HA

Alaska Air has announced its intention to acquire Hawaiian Holdings for $1.9 billion, causing Hawaiian Holdings' shares to trade higher.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 3:28 pm

BTCUSD

Bitcoin's price surpassed $41,000, reaching a 1.5-year high. Analysts predict a potential correction following the approval of Spot Bitcoin ETFs, suggesting the current rise is driven by 'Buy the rumor, sell the news' behavior. Despite reaching annual highs multiple times in 2023, analysts caution that institutional buying may not be immediate post-ETF approval, and a correction to $30,000 could be healthy.

Portfolio Pulse from Khyathi Dalal

December 04, 2023 | 3:27 pm

SLG

Truist Securities analyst Michael Lewis has reaffirmed a Buy rating on SL Green Realty (NYSE:SLG) and increased the price target from $41 to $42.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 3:25 pm

AAPL

CRM

DIA

INTC

MSFT

SPY

V

The Dow Jones Industrial Average hit a new all-time high on Dec. 1, with the SPDR Dow Jones Industrial Average ETF (DIA) up 9.6% YTD. Salesforce (CRM) led the DJIA components with a 92.32% YTD increase, followed by gains in Intel (INTC), Microsoft (MSFT), Apple (AAPL), and Visa (V). Over the past month, DIA outperformed the SPDR S&P 500 ETF (SPY), with DIA up 9.10% compared to SPY's 8.60%. Salesforce's recent stellar results and AI partnership with Amazon have been key growth drivers.

Portfolio Pulse from Surbhi Jain

December 04, 2023 | 3:25 pm

KKR

Keefe, Bruyette & Woods analyst Michael Brown has maintained an Outperform rating on KKR & Co (NYSE:KKR) and increased the price target from $75 to $90.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 3:23 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo provides daily trading strategies for SPY, QQQ, AAPL, MSFT, TSLA, META, GOOGL, and NVDA, based on a proprietary formula considering price, volume, and options flow. The memo outlines potential support and resistance levels for each asset, suggesting possible targets for bullish and bearish scenarios. The session is expected to have lower volume due to a lack of inflation data and Fedspeak, making trading more challenging. The memo is part of the Market Clubhouse membership, which offers daily market analysis and live trading streams.

Portfolio Pulse from RIPS

December 04, 2023 | 3:18 pm