Streetbeat News

Stock Prices

AMZN

ASO

BBWI

BBY

DKS

HIBB

LULU

NKE

TGT

YETI

Analysts provided insights on Black Friday trends, highlighting healthy traffic and discounts. BofA's Justin Post reiterated a Buy rating on Amazon (AMZN) with a $168 target. Academy Sports (ASO) and Dick's Sporting Goods (DKS) saw robust traffic, while YETI (YETI) faced increased competition. Goldman Sachs noted mixed traffic, with Best Buy (BBY), Bath & Body Works (BBWI), and Lululemon (LULU) performing well. Target (TGT) had some out-of-stock items. Morgan Stanley's Alex Straton observed flat to down year-over-year traffic, while Oppenheimer's Brian Nagel was upbeat on athleisure stocks like Nike (NKE). Telsey Advisory Group's Dana Telsey reported a successful Black Friday weekend with well-managed inventories and significant sales.

Portfolio Pulse from Anusuya Lahiri

November 27, 2023 | 6:55 pm

AMD

INTC

NVDA

TSM

Nvidia Corporation (NVDA) reported strong Q3 results with significant revenue and profit growth, driven by its Data Center division. Despite this, NVDA shares dropped due to the delay of its new AI chip launch in China to Q1 2024, complying with U.S. export curbs. Competitors TSMC (TSM) and Intel (INTC) also reported their Q3 results, with TSMC seeing a revenue drop but a QoQ increase, and Intel showing signs of recovery despite a minor loss. Advanced Micro Devices, Inc. (AMD) was mentioned as a competitor but did not have detailed financial results in the article.

Portfolio Pulse from Upwallstreet

November 27, 2023 | 6:45 pm

CTAS

Cintas Inc. (NASDAQ:CTAS) stock has risen by 9.95% over the past month and 23.72% over the past year, currently trading at $557.59. The stock's P/E ratio of 41.72 is higher than the industry average of 33.12, which could suggest better performance or overvaluation. Investors are advised to consider the P/E ratio alongside other financial metrics and qualitative analysis for investment decisions.

Portfolio Pulse from Benzinga Insights

November 27, 2023 | 6:45 pm

AFRM

AVXL

Anavex Life Sciences Corp. (AVXL) shares dropped by 10% after reporting a Q4 net loss of $10.1 million, or 12 cents per share, compared to a net loss of $14.3 million, or 18 cents per share, in the same period last year. Other stocks experienced significant movements in Monday's mid-day session, with notable gainers including RedHill Biopharma Ltd. (RDHL), Biodexa Pharmaceuticals Plc (BDRX), and Tharimmune, Inc. (THAR), among others. Losers included 10X Capital Venture Acquisition Corp. II (VCXA), BioNexus Gene Lab Corp. (BGLC), and HCW Biologics Inc. (HCWB). Affirm Holdings, Inc. (AFRM) saw a jump of 13.7% following positive 'buy now, pay later' predictions for Cyber Monday.

Portfolio Pulse from Lisa Levin

November 27, 2023 | 6:41 pm

ETSY

Etsy Inc (NASDAQ:ETSY) stock rose by 3.91% to $74.63 amid positive e-commerce sales data from Mastercard SpendingPulse, which reported an 8.5% increase in online sales on Black Friday. The rise in e-commerce sales, including a 1.1% growth in in-store purchases, suggests a healthy balance between digital and physical retail. Etsy, known for its unique and handmade items, may benefit from the trend towards online shopping, as consumers look for personalized products.

Portfolio Pulse from Henry Khederian

November 27, 2023 | 6:33 pm

WWD

Barclays analyst David Strauss has maintained an Equal-Weight rating on Woodward (NASDAQ:WWD) and increased the price target from $128 to $135.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 6:29 pm

DIS

SPY

Disney's 'Frozen' franchise has been a significant success since its first release in 2013, with both films ranking among the top-grossing animated films of all time. A third and potential fourth movie are in development, with a likely release date for 'Frozen 3' in November 2025. Despite Disney's recent box office misses, the 'Frozen' franchise remains a valuable asset. An investment of $1,000 in Disney stock at the time of the first 'Frozen' release would be worth $1,338.71 today, a 33.9% increase, while the same investment in the SPDR S&P 500 ETF Trust would have yielded a 151.5% return.

Portfolio Pulse from Chris Katje

November 27, 2023 | 6:22 pm

CRWD

BTIG analyst Gray Powell has reaffirmed a Buy rating on CrowdStrike Holdings (NASDAQ:CRWD) and increased the price target from $192 to $239.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 6:20 pm

DRIP

GUSH

MRO

OXY

XOM

Oil and gas prices are declining due to high production, which is affecting related stocks and ETFs. The Direxion Daily S&P Oil & Gas Exp & Prod Bear 2X Shares (DRIP) rose by 2.5% ahead of the OPEC+ meeting, with the market expecting little change from potential cuts. Analysts have adjusted their ratings and price targets for Marathon Oil (MRO) and Exxon Mobil (XOM). DRIP, an inverse double-leveraged ETF, includes companies like Exxon, Occidental Petroleum (OXY), and Marathon Oil. The ETF has been on an uptrend since November 3, but shows signs of potential weakness. Direxion also offers a bullish counterpart ETF, the Direxion Daily S&P Oil & Gas Exp & Prod Bull 2X Shares (GUSH).

Portfolio Pulse from Melanie Schaffer

November 27, 2023 | 6:17 pm

TGT

Target Corporation (NYSE:TGT) has seen a 4.55% decrease in short interest since its last report, with 6.78 million shares sold short, representing 1.47% of available shares. The average time to cover these short positions is 1.83 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Target's short interest is below its peer group average of 4.10%. Short interest is a key indicator of market sentiment and can influence stock price movements.

Portfolio Pulse from Benzinga Insights

November 27, 2023 | 6:15 pm