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INTC

Over the past 3 months, 14 analysts have provided their ratings on Intel Corporation (NASDAQ:INTC), with an average 12-month price target of $36.36, a decrease from the previous $37.86. The ratings include 4 bullish, 2 somewhat bullish, 5 indifferent, and 3 bearish. The current average price target represents a 3.96% decrease.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 8:00 pm

STZ

Constellation Brands (NYSE:STZ) has delivered an average annual return of 20.25% over the past 15 years, outperforming the market. A $100 investment in STZ 15 years ago would now be worth $1,668.84. The company's current market capitalization stands at $43.68 billion.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 8:00 pm

EYPT

Over the past 3 months, 5 Wall Street analysts have provided ratings for EyePoint Pharmaceuticals (NASDAQ:EYPT), with 4 being bullish and 1 somewhat bullish. The average price target is $27.6, representing an implied upside from the current price of $19.3. The target has increased by 6.15% over the past month.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 8:00 pm

AMC

LYV

MAT

MSFT

SPOT

TIME magazine's shortlist for Person of the Year 2023 includes various influential figures such as Taylor Swift, Sam Altman, and Xi Jinping. The list also contains controversial choices like Vladimir Putin. Taylor Swift's success on Spotify and her Eras Tour's impact on Live Nation Entertainment and AMC Entertainment Holdings are highlighted. Sam Altman's OpenAI received significant funding from Microsoft. The Barbie movie's success is a win for Mattel. The winner will be announced by TIME on Wednesday morning.

Portfolio Pulse from Chris Katje

December 05, 2023 | 7:55 pm

SJM

Goldman Sachs analyst Jason English maintained a Sell rating on J.M. Smucker Company (NYSE:SJM) with a price target of $131. Despite an EPS beat in Q2 FY24, with adjusted EPS of $2.59 over the $2.47 consensus, sales declined by 12% to $1.94 billion, missing the consensus of $1.95 billion. The company updated its full-year outlook post-Hostess acquisition, adjusting its organic growth outlook and raising its underlying EPS forecast. A $39 million supplier agreement termination charge impacted coffee profits. The company now expects FY24 EPS in the range of $9.25-$9.65, with the second half of FY24 EPS expected to be below consensus. SJM shares rose 3.27% to $116.11.

Portfolio Pulse from Nabaparna Bhattacharya

December 05, 2023 | 7:53 pm

CNET

ZW Data Action Technologies' stock is trading higher following the announcement of a strategic partnership with Digital Life to develop a franchise AI model.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 7:52 pm

BTB

Bit Brother's stock is trading lower following the announcement of a $12 million registered direct offering, indicating dilution of existing shares.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 7:50 pm

LMT

NOC

RTX

SPY

Defense stocks Lockheed Martin Corp (LMT), RTX Corp (RTX), and Northrop Grumman Corp (NOC) saw significant gains when Russia attacked Ukraine in early 2022, but have since struggled, with LMT down over 6%, RTX down over 17%, and NOC down over 11% year-to-date. In contrast, the SPDR S&P 500 ETF Trust (SPY) is up nearly 20% year-to-date. The decline in defense stocks may be due to investors' reassessment of the impact of the Russia-Ukraine conflict on these companies.

Portfolio Pulse from Aaron Bry

December 05, 2023 | 7:50 pm

HOV

Hovnanian Enterprises' stock is trading higher following the announcement of improved year-over-year Q4 financial results and the issuance of Q1 guidance.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 7:46 pm

ZIM

ZIM Integrated Shipping Services' stock is trading lower following Barclays' decision to maintain an Underweight rating and reduce the price target from $6 to $5.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 7:45 pm