Streetbeat News

Stock Prices

ABL

Abacus Life, a company that may be referred to as ABL in the article, has announced a stock repurchase program of up to $15 million. This program reflects the company's confidence in its own stock and is typically seen as a positive signal to the market, as it can indicate that the company believes its stock is undervalued. The repurchase program may lead to a reduction in the number of shares outstanding, potentially increasing earnings per share and the stock's value for remaining shareholders.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 12:30 pm

DOGEUSD

Crypto analyst Ali has indicated a potential correction for Dogecoin (DOGE), with the TD Sequential indicator showing a sell signal on its weekly chart. The analyst suggests that DOGE could drop to $0.085 or $0.078, but if it surpasses $0.11, the bearish outlook may be invalidated. Another analyst, Captain Faibik, has a bullish view, predicting a rise to $0.70. Currently, DOGE is trading at $0.096, down 0.51%.

Portfolio Pulse from Mehab Qureshi

December 12, 2023 | 12:30 pm

DGX

B of A Securities analyst Derik De Bruin upgraded Quest Diagnostics (NYSE:DGX) from Neutral to Buy and increased the price target from $140 to $160, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 12:28 pm

TXG

B of A Securities analyst Derik De Bruin upgraded 10x Genomics (NASDAQ:TXG) from Underperform to Neutral and increased the price target from $36 to $54.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 12:27 pm

BABA

PDD

JD.com's founder Richard Liu acknowledges the need for significant changes within the company, responding to an employee's critique about issues like poor merchant support and high-priced items. JD.com's stock has dropped over 50% this year, while competitors like PDD Holdings have seen a 75% increase. Alibaba's Jack Ma also called for action, praising PDD's Temu. JD.com is attempting to regain market share with strategies such as discounts and lower prices. Despite revenue growth, JD.com missed consensus in Q3 FY23 and its stock has lost 56% year-to-date.

Portfolio Pulse from Anusuya Lahiri

December 12, 2023 | 12:25 pm

FCEL

HAS

JCI

LCID

ORCL

QQQ

SPY

U.S. stock futures, including Nasdaq and S&P 500, are up ahead of the November consumer price inflation report. A softer inflation reading could prompt a rally if it aligns with expectations for a less hawkish Federal Reserve. Despite positive market performance on Monday, corporate updates have been negative, potentially affecting sector stocks. SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ ETF (QQQ) saw premarket gains. Lucid Group (LCID) dropped after its CFO's resignation, Oracle (ORCL) slumped following quarterly results, and Hasbro (HAS) declined after announcing job cuts. FuelCell Energy (FCEL) and Johnson Controls (JCI) are set to report earnings.

Portfolio Pulse from Shanthi Rexaline

December 12, 2023 | 12:25 pm

BRK-A

BRK-B

DELL

HPQ

Warren Buffett's Berkshire Hathaway has reduced its stake in HP Inc by nearly half, from 97.85 million shares to 51.5 million shares. HP's shares have underperformed compared to Dell Technologies, with a year-to-date gain of 13.5% versus Dell's 72%. HP reported a Q4 net revenue decline of 6.5% year-over-year but beat the consensus revenue estimate. HP's stock is trading lower by 0.36% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

December 12, 2023 | 12:22 pm

EVER

Raymond James analyst Aaron Kessler has upgraded EverQuote (NASDAQ:EVER) from Market Perform to Outperform and set a price target of $13.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 12:21 pm

AAPL

Apple Inc. (NASDAQ:AAPL) has delayed the release of two iOS 17 features, AirPlay in Hotels and collaborative playlists for Apple Music, to 2024. These features were expected to launch in 2023 but were missing from the iOS 17.2 public release. The delay follows the recent launch of the 'Journal' app, suggesting Apple's focus on enhancing user experience with innovative features. The postponed features were first announced in June after WWDC and were set for a fall release.

Portfolio Pulse from Benzinga Neuro

December 12, 2023 | 12:18 pm

LQDA

Liquidia has priced its public offering of 3.49 million shares at $7.16 per share, aiming to raise total gross proceeds of $25 million. The offering is anticipated to close on December 14, 2023, pending customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 12:17 pm