Streetbeat News

Stock Prices

OPOF

Old Point Financial (NASDAQ:OPOF) has announced that shareholders as of Monday's session will be eligible for a quarterly dividend of 14 cents per share, with the ex-dividend date being Tuesday. The stock is expected to open 14 cents lower on the ex-dividend date to reflect the payout. The dividend is scheduled to be paid on December 29, 2023.

Portfolio Pulse from Benzinga Insights

November 30, 2023 | 2:45 pm

AGI

Alamos Gold (NYSE:AGI) has announced a quarterly dividend of 2.5 cents per share, with the ex-dividend date set for Tuesday. Shareholders must own the stock before this date to be eligible for the dividend, which will be paid out on December 20, 2023. The stock is expected to open 2.5 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

November 30, 2023 | 2:45 pm

AGRI

IMGN

MINM

POET

RDHL

VVOS

U.S. stocks traded mostly higher with the Dow Jones gaining around 200 points. Energy shares rose by 1.5%, while consumer discretionary shares fell by 0.4%. Core PCE inflation in the U.S. was flat month-over-month in October, with annual core PCE inflation easing to 3.5% from 3.7%. Minim Inc (MINM) shares surged 877% after a previous day's gain. ImmunoGen, Inc. (IMGN) shares rose 82% following news of its acquisition by AbbVie. Vivos Therapeutics (VVOS) shares dropped 32% despite recent FDA clearance, and RedHill Biopharma (RDHL) fell 29% after a previous day's gain.

Portfolio Pulse from Lisa Levin

November 30, 2023 | 2:42 pm

AAPL

AMKR

Amkor Technology Inc (NASDAQ:AMKR) announced plans to build an advanced facility for packaging and testing chips, primarily for Apple Inc (NASDAQ:AAPL). The $2 billion investment aims to strengthen the US semiconductor supply chain, with Apple being the first major customer. Amkor's new facility will be located in Arizona, close to TSMC's fab, and the company has applied for CHIPS funding. Following the announcement, AMKR shares rose by 2.89%.

Portfolio Pulse from Adam Eckert

November 30, 2023 | 2:41 pm

Goldman Sachs analyst Kate McShane has maintained a Sell rating on Foot Locker (NYSE:FL) but increased the price target from $18 to $20.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 2:40 pm

CRWD

Goldman Sachs analyst Gabriela Borges has reaffirmed a Buy rating on CrowdStrike Holdings (NASDAQ:CRWD) and increased the price target from $195 to $222.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 2:39 pm

DTI

MPC

NRT

PFIE

SND

Benzinga Insights has identified 5 value stocks in the energy sector based on low P/E ratios, indicating potential undervaluation. Profire Energy (PFIE), Drilling Tools Intl (DTI), North European Oil (NRT), Marathon Petroleum (MPC), and Smart Sand (SND) have P/E multiples ranging from 2.45 to 8.95. Recent earnings reports show mixed results, with some companies reporting increased earnings per share (EPS) and others reporting decreases. Dividend yields have also varied, with some companies showing a decrease in yield.

Portfolio Pulse from Benzinga Insights

November 30, 2023 | 2:39 pm

FIVE

Five Below, Inc. (NASDAQ:FIVE) exceeded Q3 earnings and sales expectations, reporting earnings of 26 cents per share and sales of $736.40 million, against consensus estimates of 23 cents and $725.38 million, respectively. The company forecasts Q4 net sales between $1.32 billion and $1.35 billion, and full-year net sales between $3.54 billion and $3.57 billion. Following the earnings report, Wells Fargo, Citigroup, and Telsey Advisory Group raised their price targets for Five Below, with the stock rising 2.2% to $70.77.

Portfolio Pulse from Lisa Levin

November 30, 2023 | 2:34 pm

BTCUSD

ETHUSD

Bitcoin and Ethereum experienced losses, with Bitcoin falling below the $38,000 threshold and Ethereum staying above $2,000. The U.S. personal consumption expenditure price index was flat month-over-month in October, with annual core PCE inflation easing to 3.5%. The global crypto market cap declined by 0.7% over 24 hours. IOTA was the top gainer, while Sei was the biggest loser among cryptocurrencies.

Portfolio Pulse from Lisa Levin

November 30, 2023 | 2:33 pm

BLK

Goldman Sachs analyst Alexander Blostein has reaffirmed a Buy rating on BlackRock (NYSE:BLK) and increased the price target from $719 to $793.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 2:33 pm