Streetbeat News

Stock Prices

HES

Bernstein analyst Bob Brackett has downgraded Hess (NYSE:HES) from Outperform to Market Perform and lowered the price target from $189 to $166.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 9:41 am

FUN

SEAS

SIX

Six Flags Entertainment Corp (NYSE:SIX) and Cedar Fair (NYSE:FUN) are reportedly close to finalizing a merger that could reshape the regional amusement park industry in the U.S. The merger comes as Cedar Fair, owner of attractions like Ohio's Cedar Point, is set to disclose its earnings. The deal would combine Six Flags' 27 parks in North America with Cedar Fair's properties and hospitality ventures. The merger talks are happening amid activism from investor Jonathan Litt, who has urged Six Flags to monetize its real estate assets.

Portfolio Pulse from Shivani Kumaresan

November 02, 2023 | 9:36 am

TLLTF

TILT Holdings Inc. has announced a new brand partnership with Flower by Edie Parker to distribute its products in Pennsylvania through TILT’s subsidiary, Standard Farms, LLC. The launch of Flower by Edie Parker's portfolio of designer products and accessories at TILT’s Standard Farms is expected in early 2024. TILT Holdings' stock closed 11.6% lower at $0.0305 per share on Wednesday.

Portfolio Pulse from Nina Zdinjak

November 02, 2023 | 9:36 am

PCOR

Jefferies analyst Brent Thill has downgraded Procore Technologies (NYSE:PCOR) from Buy to Hold and lowered the price target from $90 to $55.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 9:20 am

BYDDF

TSLA

Warren Buffett-backed Chinese automaker BYD Co Ltd is set to surpass Tesla Inc. in quarterly electric vehicle (EV) sales. BYD's October sales figures showed a 60% YoY growth in battery-electric vehicles (BEVs), bringing it close to Tesla's sales. Wall Street estimates suggest that BYD will outpace Tesla in Q4, shipping about 490,000 BEVs against Tesla’s projected 475,000. However, Tesla is expected to maintain its lead for the full year.

Portfolio Pulse from Benzinga Neuro

November 02, 2023 | 9:17 am

BTCUSD

ETHUSD

Ether futures premiums are now matching Bitcoin futures on the Chicago Mercantile Exchange (CME), indicating a significant shift in crypto market sentiment. Analysts from K33 Research suggest that the negative outlook on Ethereum has faded and traders are less likely to hedge Bitcoin exposure with Ether. The derivatives markets are reflecting a more optimistic outlook following Bitcoin’s latest 4% price rally. However, there is no strong evidence of a consistent rise in spot volumes.

Portfolio Pulse from Benzinga Neuro

November 02, 2023 | 9:16 am

VGK

The Eurozone Manufacturing Purchasing Managers' Index (PMI) for October was reported at 43.1, lower than the estimated 43.4.

Portfolio Pulse from Charles Gross

November 02, 2023 | 9:05 am

VGK

The Eurozone Manufacturing Purchasing Managers Index (PMI) for October is reported at 43.1, slightly above the estimated 43.0 but below the prior figure of 43.4.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 9:04 am

VGK

The Manufacturing Purchasing Managers' Index (PMI) for the Eurozone in October was reported at 43.1, significantly higher than the estimated 3.4.

Portfolio Pulse from Charles Gross

November 02, 2023 | 9:03 am

AAPL

COP

KHC

LLY

SBUX

YUM

US stocks closed higher on Wednesday after the Federal Reserve maintained interest rates. The Kraft Heinz Company and Yum! Brands, Inc. reported positive Q3 results. However, the CNN Money Fear and Greed index remained in the 'Fear' zone, indicating market uncertainty. Investors are awaiting earnings results from Starbucks Corporation, ConocoPhillips, Apple Inc., and Eli Lilly and Company.

Portfolio Pulse from Lisa Levin

November 02, 2023 | 9:01 am