Streetbeat News

Stock Prices

AAPL

AMZN

META

On October 27th, U.S. stock markets closed mixed with Nasdaq moving higher due to the strength of tech stocks like Amazon, Apple, and Meta Platforms. The energy sector saw the most significant drop among the S&P 500 sectors. Asian markets were mixed with Japan's Nikkei 225 and Australia's S&P/ASX 200 down, while China's Shanghai Composite and Hong Kong's Hang Seng Index were up. European markets were up, and commodities saw crude oil trading lower and gold trading higher.

Portfolio Pulse from Akanksha Bakshi

October 30, 2023 | 10:58 am

HAFC

HHH

LCW

MTB

Insider trading has been observed in four US-listed companies: Howard Hughes Holdings Inc. (HHH), Learn CW Investment Corporation (LCW), M&T Bank Corporation (MTB), and Hanmi Financial Corporation (HAFC). The insiders' purchases indicate their confidence in the companies' prospects or that they view the stocks as a bargain.

Portfolio Pulse from Lisa Levin

October 30, 2023 | 10:58 am

JKS

JinkoSolar Holding Co (NYSE:JKS) reported Q3 earnings of $2.53 per share, beating the analyst consensus estimate of $1.44 by 75.69%. This is a 130% increase from the same period last year. The company also reported quarterly sales of $4.36 billion, beating the analyst consensus estimate of $4.19 billion by 4.06%. This is a 58.89% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 10:56 am

MIRO

UTHR

United Therapeutics has agreed to acquire Miromatrix Medical for $3.25 per share in cash. This has led to a surge in Miromatrix's share price.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 10:56 am

AMD

ARKQ

TSM

Ark Invest, founded by Cathie Wood, purchased 54,289 shares of Advanced Micro Devices, Inc. (AMD) and 3,046 shares of Taiwan Semiconductor Manufacturing Co. Ltd. (TSM) on Friday. The AMD purchase was valued at $5.24 million, while the TSM purchase was valued at about $261,926. AMD is set to release its Q3 results on Tuesday, with analysts expecting a slight decline in earnings per share and revenues compared to the previous year.

Portfolio Pulse from Shanthi Rexaline

October 30, 2023 | 10:53 am

CUBE

B of A Securities analyst Jeffrey Spector has downgraded CubeSmart (NYSE:CUBE) from Buy to Neutral and lowered the price target from $51 to $38.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 10:44 am

DDOG

Baird analyst William Power has downgraded Datadog (NASDAQ:DDOG) from Outperform to Neutral and lowered the price target from $100 to $84.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 10:35 am

SRC

Realty Income has agreed to acquire Spirit Realty Capital in an all-stock transaction valued at an enterprise value of approximately $9.3B.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 10:32 am

CLZNF

IFF

International Flavors & Fragrances Inc (IFF) is selling its Cosmetic Ingredients business unit to Clariant AG for $810 million. The unit, which generated about $100 million in revenue in the last 12 months, will help IFF reduce its outstanding debt and focus on its core businesses. The transaction is expected to close in Q1 2024.

Portfolio Pulse from Shivani Kumaresan

October 30, 2023 | 10:23 am

BYDDF

FXI

NIO

TSLA

VGK

XPEV

Fitch Ratings reports that rising regulatory risks in the EU may hamper the strategy of some global automakers to sell China-made new energy vehicles in the region. This could affect companies like BYD Co Ltd (BYDDF), iShares China Large-Cap ETF (FXI), Li Auto Inc. (LI), NIO Inc. (NIO), Tesla Inc. (TSLA), Vanguard FTSE Europe ETF (VGK), and XPeng Inc. (XPEV).

Portfolio Pulse from Charles Gross

October 30, 2023 | 10:19 am