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Stock Prices

FRT

Wells Fargo analyst Dori Kesten upgraded Federal Realty Investment (FRT) from Equal-Weight to Overweight and increased the price target from $110 to $112.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 10:41 am

BECN

Baird analyst David Manthey has upgraded Beacon Roofing Supply (BECN) from Neutral to Outperform and increased the price target from $99 to $115. This upgrade reflects a positive outlook on BECN's future performance.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 10:38 am

AN

Morgan Stanley analyst Adam Jonas upgraded AutoNation (NYSE:AN) from Underweight to Equal-Weight and increased the price target from $117 to $140.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 10:36 am

CM

Canadian Imperial Bank (NYSE:CM) reported Q1 adjusted earnings of $1.33 per share, surpassing the $1.23 estimate, and sales of $4.57B, exceeding the $4.49B estimate. This represents a 6.99% decrease in earnings and a 4.36% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 10:28 am

CNQ

Canadian Natural Resources (CNQ) reported Q4 adjusted EPS of $1.72, surpassing the $1.60 estimate, and sales of $7.02B, exceeding the $6.94B estimate. This represents a 17.74% increase in EPS and a 2.70% decrease in sales year-over-year.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 10:25 am

AI

MSFT

NVDA

PLTR

XLK

Wedbush's Dan Ives highlights a surge in demand for AI technologies, citing c3.ai's strong Q4 results, Microsoft's Copilot AI tool, Palantir's AI platform, and Nvidia's optimistic forecasts as evidence of an accelerating AI revolution. The AI-levered stocks have seen significant growth, with debates on potential 'irrational exuberance'. Ives compares the current AI optimism to the '1995 Moment', predicting $1 trillion of incremental spending in the next decade. The Technology Select Sector SPDR Fund (XLK) saw a slight decrease in premarket trading.

Portfolio Pulse from Shanthi Rexaline

February 29, 2024 | 10:20 am

KARS

Former Ford CEO Mark Fields advocates for a short-term ban on Chinese automakers entering the U.S. market, citing unfair advantages due to government incentives. He suggests this measure to protect U.S. automakers, particularly the Detroit Big Three, from the economic impact similar to past industries like aluminum and steel. Fields' views echo broader concerns about the U.S. auto industry's survival against Chinese competition. The KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) recently saw a decrease in value.

Portfolio Pulse from Shanthi Rexaline

February 29, 2024 | 9:26 am

NTES

NetEase's shares are trading lower following the announcement of their Q4 financial results, which fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 9:19 am

WRAC

Williams Rowland Acquisition Corp (WRAC) has set its liquidation price at approximately $10.52 per share. The company's securities will cease trading on the NYSE American on February 29, 2024, and public shares will be considered cancelled as of March 8, 2024, representing only the right to receive the Redemption Amount.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 8:45 am

BTCUSD

'Rich Dad Poor Dad' author Robert Kiyosaki praised Bitcoin's rally to $64,000, its highest since November 2023, attributing it to the cryptocurrency's integrity against the 'fake US dollar'. Bitcoin's value surged 9.5% in a day, the most significant leap since late October, amid growing interest in Bitcoin ETFs. Kiyosaki, a long-time Bitcoin advocate, has adjusted his Bitcoin price target to $150,000 following the SEC's approval of Bitcoin ETFs and revealed purchasing five more Bitcoins early in 2024.

Portfolio Pulse from Mehab Qureshi

February 29, 2024 | 8:42 am