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CZR

MGM

MGM Resorts International (NYSE:MGM) employees, represented by the Culinary Union, ratified a new five-year contract with a 99% approval rate. This comes amid a strike by MGM workers in Detroit and follows a similar contract ratification with Caesars Entertainment, Inc. (NASDAQ:CZR). The Las Vegas unions had previously negotiated for daily room cleaning and enhanced safety measures. MGM shares saw a premarket increase of 0.70% to $40.14.

Portfolio Pulse from Nabaparna Bhattacharya

November 22, 2023 | 12:57 pm

USO

Crude oil prices fell after a Bloomberg report indicated that OPEC+ talks encountered difficulties due to Saudi Arabia's concerns over output levels. The Saudis are reportedly agitating for changes in production quotas, which has introduced uncertainty into the market, leading to a decrease in oil prices.

Portfolio Pulse from Charles Gross

November 22, 2023 | 12:55 pm

ADSK

BBY

CLX

CRM

DKS

GDDY

HIBB

JACK

OVV

SPCE

Wall Street analysts have updated their price targets and ratings for several US-listed companies. Telsey Advisory Group raised Hibbett, Inc.'s target to $73 and maintained an Outperform rating. Piper Sandler downgraded Autodesk, Inc. and cut its target to $215. TD Cowen raised Jack in the Box Inc.'s target to $71 with a Market Perform rating. Keybanc reduced Salesforce, Inc.'s target to $268 but kept an Overweight rating. RBC Capital increased GoDaddy Inc.'s target to $124 and upgraded the stock to Outperform. JP Morgan raised The Clorox Company's target to $145 and upgraded it to Neutral. Morgan Stanley downgraded Virgin Galactic Holdings, Inc. and slashed its target to $1.75. Telsey Advisory Group increased DICK'S Sporting Goods, Inc.'s target to $145 with an Outperform rating. Telsey also lowered Best Buy Co., Inc.'s target to $75 with a Market Perform rating. Lastly, Citigroup upgraded Ovintiv Inc. to Buy and raised its target to $52.

Portfolio Pulse from Lisa Levin

November 22, 2023 | 12:54 pm

GPS

LAUR

SEMR

On a day when the Nasdaq 100 saw a decline, investors took note of insider sales at Semrush Holdings (SEMR), Gap Inc. (GPS), and Laureate Education (LAUR). Dmitry Melnikov of Semrush sold shares worth approximately $772,589, while Gap's EVP Sarah Gilligan sold shares totaling around $190,204. Wengen Investments Ltd, a 10% owner of Laureate Education, sold shares for about $334,260. All three companies had reported better-than-expected earnings for the third quarter.

Portfolio Pulse from Lisa Levin

November 22, 2023 | 12:42 pm

BIDU

Nomura Instinet analyst Jialong Shi has upgraded Baidu (NASDAQ:BIDU) from Neutral to Buy and set a price target of $145.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 12:40 pm

NURO

NeuroMetrix, Inc. shares are set to resume trading at 9:00 A.M. Eastern Time. There is no additional context provided in the article to explain why trading was halted or what investors might expect upon resumption.

Portfolio Pulse from Charles Gross

November 22, 2023 | 12:40 pm

FRLN

Freeline Therapeutics ADS shares are set to resume trading at 8:00 A.M. ET after a halt.

Portfolio Pulse from Charles Gross

November 22, 2023 | 12:38 pm

GBDC

Raymond James analyst Robert Dodd has maintained an Outperform rating on Golub Capital BDC (NASDAQ:GBDC) and increased the price target from $15.5 to $16.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 12:38 pm

Raymond James analyst Bobby Griffin has maintained an Outperform rating on Dollar General (NYSE:DG) but has reduced the price target from $160 to $150.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 12:37 pm

AAPL

HNHPF

Foxconn Technology Group, a key supplier for Apple Inc, faces increased regulatory scrutiny in China. The Foxconn Industrial Internet Co unit was fined 20,000 yuan for overstating expenses in Wuhan. Chinese authorities are also examining Foxconn's tax affairs and land use in major manufacturing regions. Despite this, Foxconn is expanding in India with over $1.2 billion investment in Karnataka, indicating a shift in production away from China amid regulatory uncertainties.

Portfolio Pulse from Anusuya Lahiri

November 22, 2023 | 12:34 pm