Streetbeat News

Stock Prices

XOM

Exxon Mobil, during a conference call, stated that their surplus cash potential through 2027 is expected to remain impressive, with projections of $80 billion even if Brent crude oil prices fall by more than 20% from current levels.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 3:22 pm

BF.A

BF.B

Brown Forman's stock is trading lower due to disappointing Q2 financial results and the company's statement about the difficult operating environment caused by changing global macroeconomic conditions.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 3:22 pm

SHOP

Shopify's stock (SHOP) trades lower following a downgrade from Outperform to Neutral by Wedbush.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 3:21 pm

BTI

British American Tobacco (BTI) announced it will incur a non-cash accounting impairment charge of approximately £25 billion in 2023, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 3:18 pm

BTDR

CAN

NVDA

Bitdeer and Canaan are diversifying into AI to hedge against crypto volatility. Bitdeer partners with Nvidia to provide AI cloud services, while Canaan is creating a separate AI chip unit. Despite a crypto rally, Canaan's Q3 revenue fell 77% year-on-year, while Bitdeer's grew 14%. Both companies' fortunes may improve with rising crypto prices, but they remain cautious and aim to reduce reliance on crypto through AI diversification.

Portfolio Pulse from The Bamboo Works

December 06, 2023 | 3:17 pm

MSFT

Analysis of Microsoft's (NASDAQ:MSFT) options activity shows a bearish sentiment among traders, with 66% of the unusual trades being bearish. The trades include 7 puts worth $985,468 and 14 calls worth $2,359,114, predicting a price range of $180 to $410 for MSFT over the next three months. The largest trades observed suggest mixed sentiments with both bearish and bullish positions. Microsoft's current market position shows a slight price decline with an RSI indicating a potential overbought situation. Analysts have revised their ratings and price targets, with an average target price of $418. The next earnings announcement is expected in 48 days.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 3:16 pm

PYPL

B of A Securities analyst Jason Kupferberg downgraded PayPal Holdings (NASDAQ:PYPL) from Buy to Neutral and reduced the price target from $77 to $66.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 3:15 pm

SERA

Sera Prognostics Inc (NASDAQ:SERA) stock surged after the DSMB overseeing its PRIME study recommended stopping enrollment due to efficacy, with co-primary endpoints meeting statistical significance at the interim analysis. The company will now focus on analyzing and reporting the data. The PreTRM Test, offered by Sera, predicts spontaneous preterm birth risk. The stock's volume spiked to 30.85 million shares, significantly higher than the 100-day average of 36.12k shares, leading to a 234.80% increase in stock price to $7.03.

Portfolio Pulse from Vandana Singh

December 06, 2023 | 3:13 pm

EOG

JP Morgan analyst Arun Jayaram has downgraded EOG Resources (NYSE:EOG) from Overweight to Neutral and reduced the price target from $156 to $150.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 3:10 pm

COTY

Coty Inc. highlighted the resilience of the beauty category, noting its strong performance with an 8% growth in the U.S. in recent months, as stated at the MS Conference.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 3:10 pm