Streetbeat News

Stock Prices

MSFT

Macquarie analyst Sarah Hindlian has reiterated an Outperform rating on Microsoft (NASDAQ:MSFT) and maintained a price target of $405. This reaffirmation of the stock's potential could influence investor sentiment and market performance of Microsoft shares in the short term.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 3:56 pm

CHGG

PRDO

Several U.S. stocks recorded losses on Monday despite the Dow Jones gaining over 50 points. Notable decliners include Yatsen Holding, Syntec Optics Holdings, reAlpha Tech, Korro Bio, Genelux Corporation, Chegg, Perdoceo Education, Nikola Corporation, International Paper Company, Honda Motor, Toyota Motor, and Tyra Biosciences. Chegg's stock fell after a downgrade by Morgan Stanley, while Perdoceo Education announced leadership changes.

Portfolio Pulse from Lisa Levin

November 20, 2023 | 3:51 pm

MQ

Mizuho analyst Anthony Crowdell has reaffirmed a Buy rating on Marqeta (NASDAQ:MQ) and increased the price target from $7 to $8.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 3:51 pm

AMRC

Ameresco Inc (NYSE:AMRC) has signed a contract to build a battery energy storage system (BESS) for Silicon Valley Power (SVP) to enhance electrical system reliability. The BESS, named Kifer Energy Storage LLC, will have a capacity of up to 50-megawatts and 200 megawatt-hours. Construction is set to begin in mid-2024, initiating a 25-year lease and Energy Storage Agreement with the City of Santa Clara. Ameresco will develop, own, and operate the BESS, which aims to integrate renewable energy, reduce reliance on gas-fired generation, and cut emissions. Despite the positive news, AMRC shares dropped by 1.90% to $28.39.

Portfolio Pulse from Shivani Kumaresan

November 20, 2023 | 3:50 pm

TSLA

Jefferies analyst Philippe Houchois has maintained a Hold rating on Tesla (NASDAQ:TSLA) but reduced the price target from $250 to $210.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 3:43 pm

ETHUSD

Kronos Research, a Taiwanese trading firm, experienced a security breach resulting in the theft of over $25 million worth of Ether tokens. The incident led to a temporary suspension of trading activities on WOO X, an exchange incubated by Kronos. The firm is working to resume normal operations, and WOO X has since restarted trading and withdrawals, assuring clients that customer assets are secure.

Portfolio Pulse from Murtuza Merchant

November 20, 2023 | 3:43 pm

LPTX

Mizuho analyst Mara Goldstein has maintained a Buy rating on Leap Therapeutics (NASDAQ:LPTX) but has reduced the price target from $20 to $12.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 3:40 pm

GOOG

GOOGL

META

MSFT

Meta Platforms, Inc. (META) has disbanded its Responsible AI (RAI) team, reallocating most members to its Generative AI product division and others to the AI Infrastructure team. This move follows the company's introduction of AI features and a shift in focus towards AI, as indicated by CEO Mark Zuckerberg's recent emphasis over the metaverse. Competitors like Alphabet Inc. (GOOG, GOOGL) and Microsoft Corp. (MSFT) have called for AI regulation. META's stock saw a slight increase in premarket trading.

Portfolio Pulse from Anusuya Lahiri

November 20, 2023 | 3:38 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo provides daily trading strategies for SPY, QQQ, AAPL, MSFT, GOOGL, TSLA, META, and NVDA, based on a proprietary formula considering price, volume, and options flow. The memo outlines potential support and resistance levels for each asset, suggesting possible breakouts or reversals. Microsoft is noted for a premarket spike due to a new AI team, while NVIDIA's upcoming earnings announcement is highlighted as a key event. The focus for the week is on AI and technology companies, with traders advised to stay alert for market movements.

Portfolio Pulse from RIPS

November 20, 2023 | 3:37 pm

FIVN

Piper Sandler analyst James Fish has maintained an Overweight rating on Five9 (NASDAQ:FIVN) and increased the price target from $77 to $84.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 3:35 pm