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Stock Prices

ALLR

DBI

IBIO

REPL

SJM

SOAR

WNW

U.S. stocks traded lower with the Nasdaq Composite down over 50 points. J.M. Smucker Company (NYSE:SJM) reported Q2 earnings with sales of $1.94 billion, missing estimates but beating EPS expectations and revising FY24 EPS guidance. Volato Group, Inc. (NYSE:SOAR), Allarity Therapeutics, Inc. (NASDAQ:ALLR), and Meiwu Technology Company Limited (NASDAQ:WNW) saw their shares rise significantly. Conversely, Replimune Group, Inc. (NASDAQ:REPL), iBio, Inc. (NYSE:IBIO), and Designer Brands Inc. (NYSE:DBI) experienced sharp declines in their share prices.

Portfolio Pulse from Lisa Levin

December 05, 2023 | 2:39 pm

GTLB

Truist Securities analyst Miller Jump has reaffirmed a Buy rating on GitLab (NASDAQ:GTLB) and increased the price target from $65 to $70.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 2:38 pm

LULU

TD Cowen analyst Dan Brennan has maintained an Outperform rating on Lululemon Athletica (NASDAQ:LULU) and increased the price target from $540 to $545.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 2:38 pm

ETSY

Truist Securities analyst Youssef Squali has reaffirmed a Buy rating on Etsy (NASDAQ:ETSY) and increased the price target from $82 to $87.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 2:35 pm

BLEG

Branded Legacy, Inc. (OTC.PK: BLEG) has acquired MariJ Pharmaceuticals, Inc., a Florida-based company specializing in organic mobile extraction and production of CBD from industrial hemp. The acquisition includes physical assets, intellectual property, and operational tools, aiming to enhance Branded Legacy's product range, production capabilities, and market presence. Following the announcement, BLEG shares rose 12.94% to $0.0035 per share.

Portfolio Pulse from Jelena Martinovic

December 05, 2023 | 2:33 pm

SOAR

Shares of Volato Group were halted due to a circuit breaker after experiencing a sharp increase in price, now up by 71.9%.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 2:32 pm

BTCUSD

ETHUSD

FTTUSD

Bitcoin (BTC) saw a price increase, trading above $41,800, while Ethereum (ETH) experienced a decline but stayed above the $2,200 level. The global crypto market cap slightly rose by 0.2% to $1.54 trillion. Casper (CSPR) led the gains, while FTX Token (FTT) was the biggest loser among the top cryptocurrencies. Other notable gainers include Stacks (STX), Conflux (CFX), and KuCoin Token (KCS), with significant losers being Gnosis (GNO), THORChain (RUNE), and Render (RNDR).

Portfolio Pulse from Lisa Levin

December 05, 2023 | 2:30 pm

DHR

Over the past 10 years, Danaher (NYSE:DHR) has produced an average annual return of 15.91%, outperforming the market by 6.24% on an annualized basis. A $100 investment in DHR a decade ago would be worth $436.41 today. Danaher's market capitalization currently stands at $163.31 billion.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 2:30 pm

AON

Over the past decade, Aon (NYSE:AON) has delivered an average annual return of 14.63%, outperforming the market. A $100 investment in AON 10 years ago would be worth $392.69 today. Aon's market cap stands at $65.29 billion, reflecting its growth and investor returns over the period. The article highlights the impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 2:30 pm

BYND

Beyond Meat Inc (NASDAQ:BYND) has experienced a 24% stock increase over five days despite a year-to-date decline of over 30%. This surge is attributed to a potential short squeeze, evidenced by a high FINRA short sale volume on Dec. 4. The company recently announced a 19% workforce reduction and faces financial challenges, including a high cash burn rate and declining revenue. Analysts have downgraded BYND and lowered price targets to $5-$7 following its Q3 report. The stock was trading at $8.42 at the time of publication.

Portfolio Pulse from Surbhi Jain

December 05, 2023 | 2:29 pm