Streetbeat News

Stock Prices

NETI

Eneti Inc. has announced an extension of the share exchange offer for its outstanding common stock until 5:30 p.m. Eastern on December 14, 2023, along with a new loan facility. Shares of Eneti are trading higher following this news.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 5:24 pm

LLY

Eli Lilly and Company (NYSE:LLY) has announced a 15% increase in its quarterly dividend to $1.30 per share for Q1 2024, reflecting its financial strength. The dividend will be paid on March 8, 2024, to shareholders on record as of February 15, 2024. The company's recent FDA approval for Jaypirca and strong Q3 sales, particularly from Mounjaro, Verzenio, and Jardiance, have contributed to its positive outlook. However, Eli Lilly revised its FY23 adjusted EPS downwards while maintaining its revenue forecast. LLY shares saw a slight decrease of 0.07% to $587.87.

Portfolio Pulse from Nabaparna Bhattacharya

December 08, 2023 | 5:18 pm

AMZN

META

The social media platform formerly known as Twitter, now owned by Elon Musk, is seeking to attract smaller advertisers after alienating some of the largest brand advertisers. The company has initiated preliminary discussions with Amazon to utilize its ad-buying software to facilitate this new strategy.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 5:18 pm

AUVI

CURV

CYN

HCP

INTS

LULU

MBI

Crude oil prices surged over 2%, while U.S. stocks remained relatively flat after jobs data release. The Dow edged up slightly, while the NASDAQ and S&P 500 saw minor declines. Energy shares gained, but real estate shares fell. Lululemon Athletica reported strong Q3 earnings but projected weaker Q4 sales, causing concern. Intensity Therapeutics, MBIA Inc., and Torrid Holdings saw significant stock price increases due to positive developments. Conversely, Cyngn Inc., HashiCorp, and Applied UV faced steep declines after negative announcements. Gold prices fell, and silver also saw a decrease, while copper rose.

Portfolio Pulse from Avi Kapoor

December 08, 2023 | 5:12 pm

GOOG

GOOGL

Alphabet Inc's (NASDAQ:GOOG) (NASDAQ:GOOGL) stock is trading lower after reports surfaced that the company misrepresented the capabilities of its Gemini AI model in a demo video. The video, which has over a million views, showcased Gemini's multimodal capabilities but used carefully tuned text prompts with still images instead of live demonstrations. This has led to concerns about Google's transparency and trustworthiness. Despite this, Google has integrated Gemini AI into its chatbot Bard and plans to expand its use in other products.

Portfolio Pulse from Anusuya Lahiri

December 08, 2023 | 5:11 pm

MOMO

Hello Group's stock is up following mixed Q3 results and the release of their guidance.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 5:07 pm

AGRO

Adecoagro's stock (AGRO) trades lower following a downgrade by JP Morgan from Neutral to Underweight, with a reduced price target from $11.5 to $10.5.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 5:04 pm

BA

Boeing Company (NYSE: BA) has been invited by China's aviation regulator to expand its presence in the Chinese market. The Civil Aviation Administration of China (CAAC) encouraged Boeing to enhance cooperation during a meeting with Boeing's SVP Mike Fleming. This comes as China considers resuming sales of the 737 Max aircraft, which were suspended after two fatal accidents over four years ago. Boeing's shares rose by 1.55% to $241 following the news.

Portfolio Pulse from Nabaparna Bhattacharya

December 08, 2023 | 5:02 pm

DPZ

Barclays has maintained its Underweight rating on Domino's Pizza (NYSE:DPZ) but increased its price target from $330.00 to $340.00. Despite the price target hike, the new target still suggests a potential downside of 15.42% from the current share price of $402.00. Domino's Pizza is the largest player in the global pizza market with nearly 20,000 stores worldwide and $17.7 billion in 2022 system sales.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 5:01 pm

ADBE

BMO Capital analyst Keith Bachman has maintained an Outperform rating on Adobe (NASDAQ:ADBE) and increased the price target from $670 to $690.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 5:01 pm