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Stock Prices

SQ

Barclays analyst Ramsey El-Assal has maintained an Overweight rating on Block, Inc. (NYSE:SQ) and increased the price target from $95 to $100.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 10:43 am

TEF

Telefonica SA (NYSE:TEF), a leading Spanish telecom company, plans to cut around 5,100 jobs in Spain by 2026 as part of cost reduction efforts and to adjust to the current market. The company, which has a global workforce of over 103,000, has been streamlining its workforce due to automation and the shift from copper to fiber optic networks. Telefonica reported a third-quarter revenue growth of 11.2% year-over-year and doubled its free cash flow.

Portfolio Pulse from Lekha Gupta

December 05, 2023 | 10:37 am

MSTR

Canaccord Genuity analyst Joseph Vafi has maintained a Buy rating on MicroStrategy (NASDAQ:MSTR) and increased the price target from $554 to $670.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 10:30 am

SOAR

Volato's stock experienced a significant premarket surge, with shares increasing by over 300% on very light trading volume. The cause of the spike was not provided in the article.

Portfolio Pulse from Charles Gross

December 05, 2023 | 10:26 am

GPOR

Keybanc analyst Tim Rezvan has maintained an Overweight rating on Gulfport Energy (NYSE:GPOR) and increased the price target from $145 to $147. This adjustment reflects a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 10:25 am

BITF

EQH

GOGL

IXHL

MMSI

NOK

RCKT

TTWO

U.S. stock futures are down, with Dow Jones futures dropping over 40 points. Merit Medical Systems (MMSI) shares fell 3.8% in pre-market trading due to a proposed private placement of $550 million in convertible senior notes. Other stocks experiencing pre-market losses include Incannex Healthcare (IXHL), Rocket Pharmaceuticals (RCKT), Take-Two Interactive Software (TTWO), Equitable Holdings (EQH), Nokia (NOK), Bitfarms (BITF), and Golden Ocean Group (GOGL).

Portfolio Pulse from Lisa Levin

December 05, 2023 | 10:21 am

AAPL

GOOG

GOOGL

SSNLF

An Uber Eats driver in Washington, D.C. was robbed by armed thieves who returned his Android phone upon realizing it wasn't an iPhone. This incident highlights the perception battle between Apple Inc.'s iPhones and Android phones, with iPhones being more desirable. Apple dominates the US smartphone market with a 55% share, while Google's Android lags behind. Alphabet Inc.'s Google, which owns Android, is fighting this perception in the U.S., where iPhones are preferred by nearly 90% of teens.

Portfolio Pulse from Rounak Jain

December 05, 2023 | 10:20 am

UBS

B of A Securities analyst Alastair Ryan has downgraded UBS Group (NYSE:UBS) from Buy to Neutral and reduced the price target from $33.33 to $32.18.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 10:12 am

NIO

NIO Inc. (NYSE:NIO) reported Q3 earnings with an EPS of $-0.31, beating estimates by 27.91% against an expected $-0.43. Revenue increased by $785.30 million compared to the same period last year. However, in the previous quarter, NIO missed EPS estimates by $0.09, resulting in a 2.02% share price decline the following day.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 10:05 am

EGP

Mizuho analyst Vikram Malhotra downgraded EastGroup Properties (EGP) from Buy to Neutral and set a price target of $185.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 10:02 am