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AAPL

PARA

Paramount shares have risen after reports of discussions with Apple about bundling streaming services, indicating potential collaboration between the two companies.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 5:12 pm

ESTC

FTHM

IOT

PATH

POLA

SMFL

U.S. stocks traded mixed with the Dow up by 0.30% and the S&P 500 gaining 0.13%, while the NASDAQ fell slightly by 0.05%. Elastic N.V. (ESTC) shares surged 32% after reporting strong Q2 results and positive guidance. UiPath Inc. (PATH) and Samsara Inc. (IOT) also saw significant gains following their upbeat financial results. Conversely, Polar Power, Inc. (POLA), Fathom Holdings Inc. (FTHM), and Smart for Life, Inc. (SMFL) experienced declines. The ISM manufacturing PMI remained unchanged at 46.7, contrary to expectations of an increase.

Portfolio Pulse from Lisa Levin

December 01, 2023 | 5:06 pm

AMPE

GCO

POLA

Genesco Inc. shares fell by approximately 20% following their quarterly results. The article also lists other stocks that moved significantly in Friday's mid-day session, categorizing them as gainers and losers. Notable gainers include Harbor Custom Development, Altimmune, and Elastic N.V., which rose due to positive trial results, financial results, and guidance, respectively. Among the losers, Polar Power experienced a significant drop after pricing a public offering, and Ampio Pharmaceuticals fell after a previous surge. The article provides a snapshot of the mid-day stock movements, highlighting the volatility and market reactions to company-specific news and broader market trends.

Portfolio Pulse from Lisa Levin

December 01, 2023 | 5:04 pm

ETRN

Equitrans Midstream is reportedly exploring strategic options, which may include a potential sale, causing its shares to trade higher.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 5:02 pm

IOT

RBC Capital analyst Matthew Hedberg has maintained an Outperform rating on Samsara (NYSE:IOT) and increased the price target from $34 to $35.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 5:02 pm

KR

Stephens & Co. has maintained its Equal-Weight rating on Kroger (NYSE:KR) but lowered its price target from $52.00 to $50.00. Kroger's shares are currently trading at $44.20, down 0.15% over the last 24 hours. The new price target suggests a potential upside of 13.11%. Kroger, a leading American grocer, is in the process of acquiring Albertsons in a $25 billion deal, pending regulatory approval, expected to close in 2024.

Portfolio Pulse from Benzinga Insights

December 01, 2023 | 5:00 pm

CMA

Comerica (NYSE:CMA) has received 16 analyst ratings in the last quarter with an average price target of $50.19, representing an upside from the current price of $44.77. The distribution of ratings includes 3 bullish, 6 somewhat bullish, 6 indifferent, and 1 somewhat bearish. The current average price target has decreased by 4.74% from the previous target of $52.69.

Portfolio Pulse from Benzinga Insights

December 01, 2023 | 5:00 pm

DECK

Wedbush has reaffirmed its Outperform rating on Deckers Outdoor (NYSE:DECK) and increased its price target from $650.00 to $705.00. Despite a slight 0.3% decline in DECK's share price over the last 24 hours to $662.00, the new price target suggests a potential upside of 6.5%. Deckers Outdoor is known for its footwear, apparel, and accessories, with brands like UGG, Teva, and Sanuk, and operates a mix of wholesale and direct-to-consumer sales channels.

Portfolio Pulse from Benzinga Insights

December 01, 2023 | 5:00 pm

DHI

Over the past 20 years, D.R. Horton (NYSE:DHI) has produced an average annual return of 9.51%, outperforming the market by 1.95% annually. A $1000 investment in DHI stock 20 years ago would be worth $5,862.09 today. The company's current market capitalization is $42.54 billion. The article highlights the impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

December 01, 2023 | 5:00 pm

MEOH

Over the past 3 months, 8 Wall Street analysts have provided ratings for Methanex (NASDAQ:MEOH), with an average price target of $48.38, representing an upside from the current price of $42.69. The consensus among these analysts is leaning towards a neutral stance, with 3 somewhat bullish and 5 indifferent ratings. The current average price target has increased by 3.49% from the previous target of $46.75. Analysts typically review stocks quarterly or after major company updates, basing their predictions on financial performance and business predictability.

Portfolio Pulse from Benzinga Insights

December 01, 2023 | 5:00 pm