Streetbeat News

Stock Prices

ENR

Energizer Holdings' stock price has declined following downgrades from multiple analysts.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 5:18 pm

GH

Guardant Health's stock is trading lower following the company's announcement of its intention to appeal a recent verdict in a U.S. District Court case regarding intellectual property claims made by TwinStrand Biosciences and the University of Washington.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 5:13 pm

MOS

Mosaic Company's stock (MOS) is trading higher following an upgrade from Barclays, changing its rating from Underweight to Overweight.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 5:09 pm

TSLA

Elon Musk has refuted a Bloomberg report claiming discussions of a 2024 IPO for SpaceX's Starlink satellite business. Musk labeled the report as 'false' on the social media platform he owns, X (formerly Twitter). Despite past statements suggesting a future IPO for Starlink, Musk's recent comment casts doubt on the immediate plans for a public offering. SpaceX, still a private company, has seen strong revenues from Starlink, which could surpass its rocket launch business in sales.

Portfolio Pulse from Neil Dennis

November 15, 2023 | 5:08 pm

TSLA

Tesla, Inc. (NASDAQ:TSLA) won an appeal in federal court, allowing the company to maintain its uniform policy that bans pro-union t-shirts at its Fremont, California assembly plant. The 5th U.S. Circuit Court of Appeals ruled that Tesla's policy, which requires employees to wear company-issued shirts, is lawful. The court decision supports Tesla's stance amid accusations from the United Auto Workers union of illegal anti-union tactics, which Tesla denies. A separate case is pending where the full 5th Circuit Court is reviewing an NLRB decision regarding a tweet by CEO Elon Musk about employee stock options and unionization. Tesla shares were up 2.17% to $242.62.

Portfolio Pulse from Nabaparna Bhattacharya

November 15, 2023 | 5:06 pm

HD

M

TGT

TJX

WMT

Target Corporation reported an unexpected earnings beat for Q3 with revenue of $25.4 billion, surpassing estimates despite a YoY sales decline and a 5% drop in comparable sales. Digital sales fell 6% YoY, but net income rose 36% to $971 million. The earnings beat was attributed to strong sales in women's fall fashion apparel, jewelry, and a new kitchenware brand. However, Target's CFO warned of a challenging holiday quarter with expected mid-single-digit declines in comparable sales and adjusted EPS between $1.90 and $2.60. Walmart, which reports later in the week, did not hire additional holiday staff, suggesting a softer holiday season. Home Depot, Macy's, and TJX Companies are also set to report earnings this week.

Portfolio Pulse from Upwallstreet

November 15, 2023 | 5:04 pm

SLDB

Shares of Solid Biosciences Inc. (NASDAQ:SLDB) are rising after the FDA cleared its IND application for SGT-003, a gene therapy candidate for Duchenne muscular dystrophy. The company's CEO expressed optimism about the therapy's potential. The stock is trading on high volume, with over 10.25 million shares traded, surpassing the 100-day average of under 40 thousand shares. Last week, the company reported Q3 financial results with losses of $1.05 per share, better than the expected $1.19 per share and an improvement from the previous year's $2.71 per share loss.

Portfolio Pulse from Erica Kollmann

November 15, 2023 | 5:01 pm

ELTK

Eltek (NASDAQ:ELTK) is expected to release its quarterly earnings report on Thursday, 2023-11-16, with analysts estimating an EPS of $0.31. Investors are looking for an earnings beat and positive guidance for the next quarter. Eltek's stock performance has been strong, with shares up 183.92% over the last 52 weeks, trading at $11.61 as of November 14. Past earnings have resulted in varied share price changes on the following day.

Portfolio Pulse from Benzinga Insights

November 15, 2023 | 5:01 pm

VSTM

Verastem (NASDAQ:VSTM) has received 4 bullish analyst ratings in the last quarter, with no neutral or bearish ratings. The average 12-month price target among these analysts is $28.00, with a high of $36.00 and a low of $21.00. This target represents a 6.67% decrease from the previous target of $30.00. Analyst ratings are opinions on stock performance based on various analyses and are updated typically once per quarter.

Portfolio Pulse from Benzinga Insights

November 15, 2023 | 5:01 pm

VJET

voxeljet (NASDAQ:VJET) is expected to release its quarterly earnings report on Thursday, 2023-11-16, with analysts predicting an EPS of $-0.48. Investors are looking for an earnings beat and positive guidance for future growth. Historically, voxeljet's stock price has been volatile post-earnings, with a significant drop of 24.34% after beating EPS last quarter. The stock is currently trading at $1.32, down 59.55% over the last year, indicating negative sentiment among long-term shareholders ahead of the earnings release.

Portfolio Pulse from Benzinga Insights

November 15, 2023 | 5:01 pm