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PVH

UBS analyst Jay Sole has maintained a Buy rating on PVH Corp (NYSE:PVH) and increased the price target from $125 to $158.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 4:38 pm

NIO

TSLA

NIO Inc (NASDAQ:NIO) shares are trading higher due to updates on its global infrastructure network expansion and November delivery numbers. The company reported 15,959 vehicle deliveries in November, a 12.6% increase year-over-year, and has delivered 142,026 vehicles year-to-date. Nio's stock may also be positively influenced by Tesla Inc's (NASDAQ:TSLA) reported 17.8% year-over-year drop in China sales for November, although Tesla's China-made deliveries rose by 14% from October. Nio is expected to report a Q3 loss of 43 cents per share on revenue of $2.63 billion. Nio shares were up 1.75% at $7.28 at the time of publication.

Portfolio Pulse from Adam Eckert

December 04, 2023 | 4:35 pm

BDX

Over the past 20 years, Becton Dickinson (NYSE:BDX) has produced an average annual return of 9.42%, outperforming the market by 1.97% annually. A $1000 investment in BDX 20 years ago would be worth $6,138.75 today. The company's current market capitalization stands at $69.12 billion.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 4:30 pm

BX

Over the past 15 years, Blackstone (NYSE:BX) has produced an average annual return of 20.47%, outperforming the market by 9.03% on an annualized basis. A $100 investment in BX 15 years ago would be worth $1,662.70 today. Blackstone's market capitalization currently stands at $85.91 billion.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 4:30 pm

UCAR

U Power Ltd (NASDAQ:UCAR), a Chinese vehicle services company, is issuing 10 million units at $1.20 each to raise $12 million. The offering includes shares and warrants, aiming to fund acquisitions of battery swapping companies and meet general corporate needs. The offering is set to close around December 6. UCAR's 52-week range is between $0.65 and $75.00.

Portfolio Pulse from Henry Khederian

December 04, 2023 | 4:24 pm

SLG

SL Green Realty Corp (NYSE:SLG) shares rose approximately 7% following the announcement of a deal to sell its ownership stake in 625 Madison Avenue for $632.5 million. The sale to a global real estate investor values the property at $1,123 per square foot. SL Green plans to use the net proceeds to repay corporate debt and will also originate a $234.5 million preferred equity investment in the property. Truist Securities reaffirmed a Buy rating on SLG and increased its price target to $42 from $41. SLG's stock price increased to $43.08.

Portfolio Pulse from Lekha Gupta

December 04, 2023 | 4:23 pm

IMAQ

International Media Acquisition Corp. (IMAQ) received a notice from Nasdaq for not complying with Listing Rule 5250(c)(1) due to the delayed filing of its Q3 2023 Form 10-Q. The company has 60 days to file the report or submit a compliance plan, with a possible extension of up to 180 days. IMAQ is working to file the report promptly to regain compliance. The notice does not immediately affect IMAQ's Nasdaq listing or trading.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 4:23 pm

UCAR

U Power shares have declined following the announcement of the pricing for its registered follow-on offering. This typically indicates the company is seeking to raise additional capital, which can dilute existing shareholders' equity and often leads to a short-term decrease in share price.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 4:23 pm

ONCT

Brookline Capital analyst Kemp Dolliver has upgraded Oncternal Therapeutics (NASDAQ:ONCT) from Hold to Buy and set a price target of $2.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 4:23 pm

NFLX

VZ

WBD

Verizon Communications Inc (VZ) has announced a new streaming bundle partnership with Netflix, Inc (NFLX) and Warner Bros. Discovery, Inc (WBD) Max, offering ad-supported services for $10 monthly, exclusively for Verizon's myPlan customers. The deal, starting December 7, provides over 40% savings and is part of ten $10 monthly perks within myPlan. Verizon's Q3 FY23 sales declined by 2.6% year-on-year, but beat consensus estimates. VZ shares dropped by 1.00% recently.

Portfolio Pulse from Anusuya Lahiri

December 04, 2023 | 4:22 pm