Streetbeat News

Stock Prices

VALE

B of A Securities analyst Caio Ribeiro downgraded Vale (NYSE:VALE) from Buy to Neutral and reduced the price target from $20 to $13, indicating a more cautious outlook on the stock.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 11:51 am

SBLK

Star Bulk has finalized its merger with Eagle Bulk, where Eagle shareholders received 2.6211 shares of Star Bulk for each Eagle share. Eagle's stock has stopped trading and is delisted from the NYSE.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 11:50 am

AG

First Majestic Silver shares are trading higher due to an increase in precious metals stocks, influenced by the rising prices of gold and silver.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 11:48 am

AGI

Alamos Gold's stock (AGI) experienced a rise after B of A Securities upgraded its rating from Neutral to Buy and increased its price target from $21.75 to $27.25.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 11:47 am

AMAT

FTXL

LRCX

NVDA

NXTE

Applied Materials Inc (NASDAQ:AMAT) may reconsider its $4 billion R&D facility in Silicon Valley due to insufficient federal funding, impacting its plans and potentially affecting other companies like Nvidia Corp (NASDAQ:NVDA) and Lam Research Corp (NASDAQ:LRCX). The Biden administration's decision not to finance semiconductor R&D facilities, despite a global semiconductor shortage, has led to challenges for California's semiconductor industry. Applied Materials, under investigation for allegedly exporting equipment to China's SMIC without proper licenses, reported Q1 fiscal 2024 sales of $6.71 billion, surpassing estimates. Investors can gain exposure to AMAT through First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) and Investment Managers Series Trust II AXS Green Alpha ETF (NYSE:NXTE).

Portfolio Pulse from Anusuya Lahiri

April 09, 2024 | 11:45 am

PAAS

Pan American Silver Corp. shares are trading higher due to an increase in precious metals stocks, driven by a rise in gold and silver prices.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 11:44 am

AEM

GFI

GOLD

HL

NEM

SBSW

Shares of gold companies are experiencing an uptick due to the recent increase in gold prices, affecting stocks like AEM, GFI, GOLD, HL, NEM, and SBSW.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 11:42 am

CHPT

FAAS

GCTS

INMD

MAXN

NEOG

RKT

TLRY

In Tuesday's pre-market session, Maxeon Solar Technologies and other stocks like Neogen Corporation, Tilray Brands, DigiAsia Corp., InMode Ltd., GCT Semiconductor Holding, Rocket Companies, and ChargePoint Holdings recorded losses. Maxeon Solar's shares fell due to its Q4 revenue forecast being below market estimates. Neogen and Tilray Brands reported disappointing earnings and guidance, impacting their stock prices. Other companies also saw declines for various reasons, including upcoming financial results and analyst downgrades.

Portfolio Pulse from Avi Kapoor

April 09, 2024 | 11:42 am

HMY

Shares of Harmony Gold Mining Company (HMY) are trading higher due to an increase in gold prices.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 11:41 am

AGI

B of A Securities analyst Harmen Puri upgraded Alamos Gold (NYSE:AGI) from Neutral to Buy and increased the price target from $21.75 to $27.25.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 11:40 am