Streetbeat News

Stock Prices

VNO

Citigroup analyst Emmanuel Korchman has maintained a Sell rating on Vornado Realty (NYSE:VNO) but increased the price target from $12 to $18.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 3:39 pm

AMZN

BABA

Amazon.com Inc (AMZN) and Alibaba Group Holding Ltd (BABA) are compared as investment options. Amazon's subscription business is growing, and it has become the largest e-commerce delivery service in the U.S. Amazon has reduced the cost of One Medical service and plans to run ads on Prime Video. Despite potential labor strike risks, its revenue growth and profits are strong. Amazon's stock has risen 72.14% YTD, while Alibaba's has fallen 15.71%. Alibaba's P/E ratios are more attractive, but concerns over competition, economic downturns, and political influence persist. Analysts see a higher upside for Alibaba, but uncertainties keep Amazon as the preferred choice among investors.

Portfolio Pulse from Surbhi Jain

November 28, 2023 | 3:37 pm

SLGWF

TCNNF

SLANG Worldwide Inc. (OTCQB:SLGWF) reported increased revenue and gross profit for Q3 2023, with total revenue of $6.7 million and gross profit of $4.8 million. The company's net loss decreased, and all operating units were cash flow positive. SLANG has a strategic partnership with Trulieve Cannabis Corp. (OTCQX:TCNNF), which has been beneficial, including the launch of SLANG's vape brand in West Virginia. SLANG's OTC shares were up 3.77% at $0.028 per share.

Portfolio Pulse from Jelena Martinovic

November 28, 2023 | 3:36 pm

Micron Technology has revised its Q1 guidance, leading to a decline in its share price.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 3:31 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo provides daily trade strategies for SPY, QQQ, AAPL, MSFT, GOOGL, NVDA, TSLA, and META, based on a proprietary formula considering price, volume, and options flow. The memo outlines potential support and resistance levels for each asset and advises traders to be prepared for breakouts or reversals. The session is expected to be volatile due to significant data releases and Fed speakers, emphasizing the need for discipline and adherence to trade plans.

Portfolio Pulse from RIPS

November 28, 2023 | 3:31 pm

WEC

Over the past 20 years, WEC Energy Group (NYSE:WEC) has produced an average annual return of 8.55%, outperforming the market by 1.04% annually. A $1000 investment in WEC stock 20 years ago would be worth $5,109.11 today. The company's current market capitalization stands at $25.94 billion.

Portfolio Pulse from Benzinga Insights

November 28, 2023 | 3:30 pm

PYPL

Evercore ISI released a note indicating that PayPal has lost a significant share of its core checkout business, as signaled by Salesforce data. This suggests a negative trend for PayPal's market position.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 3:29 pm

ITB

VNQ

XHB

XLRE

The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 3.9% annual increase in September, with Detroit leading the gains among major cities. Despite higher mortgage rates, limited home availability has kept prices high. Housing-focused ETFs such as XHB, ITB, VNQ, and XLRE saw declines in their prices.

Portfolio Pulse from Vandana Singh

November 28, 2023 | 3:28 pm

LITB

LightInTheBox Holding Co., Ltd. (NYSE:LITB) reported a 27.5% increase in Q3 FY23 sales to $154.3 million, with apparel sales up 27.8% to $127.3 million. Earnings per ADS were $0.00. Gross margin expanded to 59.5%, and gross profit reached $91.9 million. Operating expenses were $91.8 million, and adjusted EBITDA was $0.8 million. The company had $80.0 million in cash and equivalents as of September 30, 2023. For Q4, LightInTheBox forecasts net revenues of $130 million-$145 million. LITB shares dropped slightly by 0.12% to $1.29.

Portfolio Pulse from Nabaparna Bhattacharya

November 28, 2023 | 3:27 pm

RDHL

Redhill Biopharma Ltd. shares have resumed trading. The company, which may be referred to by its ticker symbol RDHL, had previously experienced a halt in trading.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 3:23 pm