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Stock Prices

TSLA

Jim Cramer commented on Tesla Inc. (NASDAQ:TSLA) after its stock rose over 6% following a price increase announcement for the Model Y. Despite the stock's recent poor performance in the S&P 500, Cramer remains neutral. Tesla's stock decline contrasts with the S&P 500's all-time highs in 2024. Goldman Sachs revised Tesla's price projections due to production and sales challenges. Tesla announced a series of price hikes for the Model Y in the U.S. and Europe. Future Fund suggests Tesla could boost its valuation by highlighting its AI projects in earnings reports.

Portfolio Pulse from Benzinga Neuro

March 19, 2024 | 10:39 am

MMM

SOLV

Solventum, set to spin off from 3M on April 1, 2024, and list on the NYSE as 'SOLV', introduced its 2024 guidance with organic revenue growth between -2% to 0%, adjusted EPS of $6.10 to $6.40, and free cash flow of $700M to $800M.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 10:36 am

PLTR

Brian Stutland, a portfolio manager at Equity Armor Investments, has identified Palantir Technologies Inc (NYSE:PLTR) as a key player in the AI sector with a potential 57% increase in stock value. Stutland's optimism is based on Palantir's expanding role in AI, especially in defense and intelligence. Palantir's stock has risen 41% year-to-date, with a significant part of the growth attributed to its AI initiatives. Despite concerns over AI's rapid advancement, analysts like Dan Ives of Wedbush Securities have also raised Palantir's price target, highlighting its AI platform's potential.

Portfolio Pulse from Benzinga Neuro

March 19, 2024 | 10:35 am

CRNX

Crinetics Pharmaceuticals' shares surged following the successful results of their Phase 3 PATHFNDR-2 trial of paltusotine in acromegaly, meeting the primary and all secondary endpoints.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 10:19 am

UL

Unilever plc (NYSE:UL) announced plans to separate its Ice Cream business, including top brands like Wall's, Magnum, and Ben & Jerry's, aiming for a more focused growth by operating in four Business Groups. The separation, part of its Growth Action Plan, is expected to complete by end of 2025, alongside a productivity program expected to save €800 million over three years. This strategic move is anticipated to impact 7,500 roles globally and aims for mid-single-digit sales growth and modest margin improvement post-separation.

Portfolio Pulse from Shivani Kumaresan

March 19, 2024 | 10:16 am

SNOW

Redburn Atlantic analyst Alex Haissl downgrades Snowflake (NYSE:SNOW) from Neutral to Sell and sets a new price target of $125.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 10:11 am

HUYA

HUYA reported Q4 adjusted losses of $(0.11) per share, surpassing the $(0.12) estimate, and sales of $215.47M, exceeding the $210.04M estimate. This represents a 57.69% decrease in losses and a 29.31% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 10:09 am

MDB

Redburn Atlantic analyst Alex Haissl downgrades MongoDB (NASDAQ:MDB) from Neutral to Sell and sets a $295 price target.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 10:09 am

SMR

Wells Fargo analyst Neil Kalton downgraded NuScale Power (NYSE:SMR) from Equal-Weight to Underweight and reduced the price target from $7.5 to $4.5.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 10:07 am

BYND

DLO

MSTR

STNE

DLocal reported mixed Q4 results, missing EPS estimates but beating sales forecasts, and announced a new CFO, causing shares to drop 13.3% in pre-market trading. Other stocks like StoneCo, MicroStrategy, Bitdeer Technologies, Beyond Meat, Brand Engagement Network, Coinbase, CleanSpark, and PagSeguro also saw pre-market declines due to various factors including financial results, shelf offerings, and market conditions.

Portfolio Pulse from Avi Kapoor

March 19, 2024 | 10:06 am