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RH

RH shares have declined following the announcement of Q3 financial results that did not meet market expectations.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 12:41 pm

ABNB

HOOD

KMI

QRVO

Insiders at Robinhood, Kinder Morgan, Airbnb, and Qorvo have recently sold shares of their companies. Robinhood's Chief Legal Officer sold shares amid the company's expansion in the EU for cryptocurrency trading. Kinder Morgan's VP and Chief Admin. Officer sold shares after the company disclosed positive financial forecasts for 2024. Airbnb's CEO sold shares following a strong Q3 report but a weak Q4 forecast. Qorvo's SVP of High Performance Analog sold shares after the company reported upbeat Q2 earnings.

Portfolio Pulse from Avi Kapoor

December 08, 2023 | 12:40 pm

HCP

HashiCorp's stock is trading lower following the release of their Q3 financial results. The stock was also downgraded by TD Cowen from Outperform to Market Perform, with a reduced price target from $28 to $23.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 12:39 pm

CIEN

Ciena Corp (NYSE:CIEN) reported Q4 FY23 revenue of $1.129 billion, a 16% increase YOY, surpassing the consensus estimate of $1.095 billion. Adjusted EPS was 75 cents, beating the consensus of 69 cents. Post-earnings, shares rose 1.2% to $46.31. Raymond James lowered its price target from $63 to $60 but maintained a Strong Buy rating, while Barclays raised its target from $59 to $60 and kept an Overweight rating.

Portfolio Pulse from Avi Kapoor

December 08, 2023 | 12:38 pm

FSLR

First Solar, Inc. (FSLR) stock is trading higher following an upgrade by Morgan Stanley from Equal-Weight to Overweight, with a price target increase from $214 to $237.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 12:38 pm

CARR

HON

Carrier Global Corporation's stock is trading higher following the announcement of an agreement to sell its security business to Honeywell International Inc. for $4.95 billion.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 12:37 pm

AAPL

TSLA

Apple Inc. (AAPL) is set to expand the reach of its Podcasts app by integrating it into Tesla Inc.'s (TSLA) in-vehicle entertainment system. Starting next week, Tesla Model S, Model 3, Model Y, and Cybertruck owners will have access to the app, provided they have a Tesla Premium Connectivity subscription. This marks the second Apple application to be incorporated into Tesla's platform, following Apple Music. The integration will make the Podcasts app available in 47 countries and regions, in 14 languages, and promises a seamless listening experience with playback synchronization across devices.

Portfolio Pulse from Benzinga Neuro

December 08, 2023 | 12:35 pm

DG

Dollar General Corp (NYSE:DG) reported Q3 FY23 sales of $9.69 billion, a 2.4% increase YOY, surpassing analyst estimates of $9.65 billion. EPS was $1.26, beating the $1.19 consensus. Despite the positive earnings, DG shares dropped 1.2% to close at $132.30. Post-earnings, Telsey Advisory Group raised their price target from $124 to $135, maintaining a Market Perform rating, while Citigroup upped their target from $115 to $138, keeping a Neutral rating.

Portfolio Pulse from Avi Kapoor

December 08, 2023 | 12:34 pm

DKNG

DraftKings Inc (NASDAQ:DKNG) is facing a class-action lawsuit for allegedly deceptive advertising related to its $1,000 bonus bet offer. The suit claims the terms were misleading, requiring a $5,000 deposit and $25,000 wager within 90 days to qualify. The bonus was also non-withdrawable credit. The Public Health Advocacy Institute, known for litigation against addictive product manufacturers, filed the suit, drawing attention to the risks of addiction in sports betting. DraftKings' stock value has tripled this year, and the lawsuit is supported by Richard Daynard, a legal expert who previously led actions against Big Tobacco.

Portfolio Pulse from Vandana Singh

December 08, 2023 | 12:31 pm

PEB

Wells Fargo analyst Dori Kesten has maintained an Equal-Weight rating on Pebblebrook Hotel Trust (NYSE:PEB) and increased the price target from $13 to $14.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 12:30 pm