Streetbeat News

Stock Prices

BYDDY

NIO

TSLA

Chinese EV battery maker CATL is closing in on LG as the world's top EV battery supplier, with its market share increasing significantly. The company powers Tesla and NIO's product lines and expects to triple its profits in Q3. Despite having no international stock market presence, CATL is on track to become the largest global supplier of EV battery parts. The company has seen a 111% jump in battery supplies, mostly to Tesla, Nio, Mercedes-Benz, Volvo, and SAIC Motor Corp. CATL is also in talks with Hyundai and Kia for potential deals.

Portfolio Pulse from Daniel Harrison

October 19, 2023 | 5:46 pm

NKE

Nike's (NYSE:NKE) short percent of float has risen 30.53% since its last report, with 16.95 million shares sold short, which is 1.71% of all regular shares available for trading. It would take traders 2.29 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Nike's peer group average for short interest as a percentage of float is 7.64%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 5:45 pm

TRV

Travelers Companies's (NYSE:TRV) short percent of float has risen 15.45% since its last report, with 2.89 million shares sold short, which is 1.27% of all regular shares available for trading. It would take traders 2.59 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, Travelers Companies's peer group average for short interest as a percentage of float is 1.69%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 5:45 pm

Agilent Technologies (NYSE:A) has seen a 12.82% rise in its short percent of float since its last report, with 4.55 million shares sold short, representing 1.76% of all regular shares available for trading. This could indicate a bearish sentiment towards the stock. However, compared to its peers, Agilent has less short interest, with the peer group average at 4.94%.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 5:45 pm

TSLA

Guggenheim analyst Ronald Jewsikow has reiterated a 'Sell' rating on Tesla (NASDAQ:TSLA) and maintained a price target of $125.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 5:43 pm

KTB

Goldman Sachs analyst Brooke Roach has upgraded Kontoor Brands Inc (KTB) from Neutral to Buy and raised the price target from $51 to $56. The upgrade is based on KTB's strong execution, investments in marketing and product, and significant market share gains over recent quarters. The analyst expects further share gains supported by product diversification, value-based market positioning, and attractive end-market exposure. There is also potential for growth in Direct-to-Consumer (DTC) globally and in China as KTB builds the Wrangler brand.

Portfolio Pulse from Shivani Kumaresan

October 19, 2023 | 5:41 pm

CCG

GOCO

HALL

ROOT

During Thursday's intraday session, insurance stocks saw significant movement. Gainers included Root (NASDAQ:ROOT), GoHealth (NASDAQ:GOCO), Goosehead Insurance (NASDAQ:GSHD), Assurant, Inc. 5.25% Subordinated Notes due 2061 (NYSE:AIZN), Arch Capital Group (NASDAQ:ACGLN), and American Financial Group, Inc. 5.125% Subordinated Debentures due 2059 (NYSE:AFGC). Losers included Cheche Group (NASDAQ:CCG), Hallmark Financial Servs (NASDAQ:HALL), Oxbridge Re Holdings (NASDAQ:OXBR), Hanover Insurance Gr (NYSE:THG), Tian Ruixiang Holdings (NASDAQ:TIRX), and Kemper (NYSE:KMPR).

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 5:40 pm

NNDM

Nano Dimension has received approval from the Israeli Court for its $200 million repurchase plan, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 5:38 pm

BABA

BACHF

CICHF

CTRYF

EGRNQ

HSBC

NIO

SNCNQ

TCEHY

XPEV

Hong Kong and China stocks fell due to poor economic data from the housing and financial sector. China's housing prices fell the fastest in 11 months, and investment in the housing sector plunged 9.1% in the first 9 months of this year. Country Garden Holdings Limited (OTC:CTRYF) defaulted on US dollar bonds, and its stock fell 3%. Other property firms like China Evergrande Group (OTC:EGRNQ) and Sunac China Holdings Limited (OTC:SNCNQ) also saw their stocks fall. Alibaba Group Holdings Limited (NYSE:BABA), Tencent Holdings Ltd (OTC:TCEHY), and JD.com Inc (NASDAQ:JD) fell due to a larger credit rout. Bank of China Ltd. (OTC:BACHF), China Construction Bank Ltd (OTC:CICHF), and HSBC plc (NYSE:HSBC) fell due to potential LGVF defaults. EV makers like Nio Inc (NYSE:NIO), XPeng Inc. (NYSE:XPEV), and Li Auto Inc (NASDAQ:LI) fell due to disappointing earnings from Tesla Inc (NYSE:TSLA).

Portfolio Pulse from Daniel Harrison

October 19, 2023 | 5:36 pm

WGO

BMO Capital Markets analyst Tristan M. Thomas-Martin has reiterated the Outperform rating on Winnebago Industries, Inc. (NYSE:WGO), but lowered the price target to $80 from $85. This follows a Q4 FY23 sales decline of 34.6% Y/Y to $771.0 million, missing the consensus of $784.33 million. The analyst highlights short-term headwinds, mainly soft retail demand, and weak ordering. However, Winnebago's Grand Design brand is set to release a new motorized RV, which is expected to generate a $10 million-$15 million headwind in 2024.

Portfolio Pulse from Nabaparna Bhattacharya

October 19, 2023 | 5:35 pm