Streetbeat News

Stock Prices

BLDR

B. Riley Securities analyst Alex Rygiel upgraded Builders FirstSource (NYSE:BLDR) from Neutral to Buy and increased the price target from $128 to $177.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 10:44 am

NVDA

Nvidia's stock (NVDA) rose 1% in premarket trading after CEO Jensen Huang announced the company's commitment to developing new products that adhere to U.S. government export regulations to China. This statement comes amidst heightened regulatory scrutiny over technology exports to China, which could impact Nvidia's business operations in the region.

Portfolio Pulse from Charles Gross

December 06, 2023 | 10:38 am

XPO

XPO Inc (NYSE:XPO) won an auction to acquire 28 service centers from the bankrupt Yellow Corporation for approximately $870 million. The deal, which includes the assumption of three asset leases, aligns with XPO's LTL 2.0 growth plan and is expected to be accretive to adjusted EBITDA and dilutive to adjusted EPS in 2024, turning accretive to adjusted diluted EPS from 2025. As of Q3, XPO had $335 million in cash and equivalents. Despite a soft freight market, XPO's November operating metrics showed a slight decrease in LTL tonnage per day, but a rise in shipments per day and yield ex-fuel growth ahead of expectations.

Portfolio Pulse from Lekha Gupta

December 06, 2023 | 10:37 am

PLUG

Morgan Stanley analyst Arthur Sitbon has downgraded Plug Power (NASDAQ:PLUG) from Equal-Weight to Underweight and reduced the price target from $3.5 to $3, indicating a bearish outlook on the stock.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 10:29 am

O

Wolfe Research analyst Andrew Rosivach upgraded Realty Income (NYSE:O) from Peer Perform to Outperform and set a price target of $66.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 10:26 am

SIG

Telsey Advisory Group analyst Dana Telsey has maintained a 'Market Perform' rating on Signet Jewelers (NYSE:SIG) and increased the price target from $82 to $90.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 10:18 am

DBI

Telsey Advisory Group analyst Dana Telsey has maintained a Market Perform rating on Designer Brands (NYSE:DBI) but reduced the price target from $14 to $10.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 10:11 am

GIII

Telsey Advisory Group analyst Dana Telsey has maintained a 'Market Perform' rating on G-III Apparel Group (NASDAQ:GIII) and increased the price target from $24 to $30.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 10:09 am

BTCUSD

ETHUSD

Donald Trump's Ethereum holdings have increased by $1 million in value over the last 30 days, now totaling over $3.7 million. This increase is attributed to the recent cryptocurrency rally, with Ethereum's price rising amid expectations for a spot Bitcoin ETF in the U.S. Trump has not sold his ETH despite the gains and has previously launched a successful NFT project.

Portfolio Pulse from Mehab Qureshi

December 06, 2023 | 10:00 am

LCID

Lucid Group Inc (NASDAQ:LCID) announced changes to its 2024 Lucid Air lineup, aiming to reduce starting prices, offer fewer models, and increase customization options to attract more customers and reduce cash burn. The Air lineup will now have four models, with the Pure starting at $77,400 and the Air Touring at $85,900. Details on the Grand Touring's price and specs will be released in early 2024. Lucid's Q3 earnings showed lower-than-expected vehicle production and sales, leading to a quarterly loss.

Portfolio Pulse from Anan Ashraf

December 06, 2023 | 9:58 am