Streetbeat News

Stock Prices

MA

BMO Capital analyst Rufus Hone has initiated coverage on Mastercard (NYSE:MA) with an Outperform rating and set a price target of $475.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 5:19 pm

JBLU

SAVE

Closing arguments in the antitrust case between JetBlue Airways and Spirit Airlines over their proposed merger were presented, with the Justice Department seeking to block the deal. The case, heard by U.S. District Court Judge William Young, marks a more aggressive stance on antitrust enforcement by the Biden administration. JetBlue contends the merger would create a stronger competitor to the top four U.S. carriers, while the Justice Department argues it would harm consumers by reducing competition. JetBlue has offered $33.50 per share for Spirit, valuing the deal at $3.8 billion, and has promised to give up gates at certain airports. The outcome of the case could have significant implications for the airline industry, which has seen consolidation over the years.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 5:18 pm

COIN

Coinbase shares (COIN) are experiencing an uptick due to a surge in Bitcoin prices, positively affecting crypto-related stocks. Needham has also increased its price target for Coinbase from $120 to $160, further boosting investor confidence.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 5:17 pm

ALB

Albemarle Corporation's stock (ALB) trades lower following a downgrade by Piper Sandler from Neutral to Underweight, with a reduced price target from $140 to $128.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 5:16 pm

AVGO

Whales have shown a bearish sentiment towards Broadcom (NASDAQ:AVGO), with options activity indicating a focus on a price range between $560 and $1200 over the last three months. The volume and open interest for AVGO options are notably high, with a mix of bullish and bearish trades. The stock is currently trading at $911.93, down by -1.3%, with an RSI indicating a neutral position. Analysts have given mixed reviews, with price targets ranging from $1000 to $1200. Earnings are expected to be announced in 2 days.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 5:16 pm

SLG

BMO Capital analyst John Kim has maintained a 'Market Perform' rating on SL Green Realty (NYSE:SLG) and increased the price target from $34 to $44.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 5:16 pm

CLSK

MSTR

RIOT

Crypto-related stocks and miners are experiencing an uptick in their share prices due to the ongoing rally in Bitcoin's value.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 5:16 pm

NIO

NIO Inc's stock (NYSE:NIO) rose 5.5% on Dec. 5 due to record Q3 EV deliveries, up 75.4% Y/Y and 142.3% Q/Q, and the acquisition of manufacturing equipment from Anhui Jianghuai Automobile Group. Despite a year-long decline, the stock showed signs of breaking resistance at $8.13. Positive volume balance and RSI divergence suggest potential upward movement, but moving averages indicate a continued decline. NIO was trading at $7.60 at the time of publication.

Portfolio Pulse from Surbhi Jain

December 05, 2023 | 5:12 pm

ALLR

CMND

DBI

IBIO

MFH

REPL

U.S. stocks were mixed with the Dow Jones falling 100 points and the NASDAQ rising. Consumer discretionary shares were up, while materials shares dipped. The ISM services PMI increased to 52.7 in November, exceeding estimates. Clearmind Medicine, Allarity Therapeutics, and Mercurity Fintech Holding saw stock price increases due to positive company news. Conversely, Replimune Group, iBio, and Designer Brands experienced significant stock price drops following negative announcements. Oil and gold prices were up, while silver and copper declined. European shares were mostly higher, and Asian markets closed mostly lower. U.S. job openings decreased, and the Economic Optimism Index fell.

Portfolio Pulse from Lisa Levin

December 05, 2023 | 5:11 pm

IOT

On CNBC, Josh Brown, a well-known financial analyst, announced his purchase of shares in Samsara Inc., which led to an immediate spike in the company's stock price. Samsara Inc. is a company that may be involved in the Internet of Things (IOT) sector.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 5:08 pm