Streetbeat News

Stock Prices

Nu Holdings (NYSE:NU) has received various analyst ratings in the last quarter, with 2 bullish, 1 somewhat bullish, and 1 indifferent. The average price target is $9.3, indicating an upside from the current price of $7.79. This average has increased by 10.98% from the previous average price target of $8.38.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 12:00 pm

BNTX

PFE

Pfizer Inc (PFE) has cut its full-year earnings and revenue guidance due to decreasing demand for its COVID-19 products. The company now expects 2023 sales of $58 billion-$61 billion, down from its previous guidance of $67 billion-$70 billion. Pfizer also launched a cost realignment program expected to deliver targeted savings of at least $3.5 billion. BioNTech SE (BNTX) flagged write-downs of up to €900 million, reflecting similar charges to Pfizer.

Portfolio Pulse from Vandana Singh

October 16, 2023 | 11:58 am

CRWD

GME

TTD

UNFI

Insiders at four companies, namely GameStop Corp. (GME), CrowdStrike Holdings, Inc. (CRWD), The Trade Desk, Inc. (TTD), and United Natural Foods, Inc. (UNFI), have recently sold shares. The reasons for these sales are not explicitly stated, but they could be due to preplanned sales or concerns about the companies' prospects. It's important to note that insider sales should not be the sole indicator for making investment decisions.

Portfolio Pulse from Lisa Levin

October 16, 2023 | 11:58 am

CTO

CTO Realty Growth has sold the Westcliff Shopping Center, a 134,750 square foot single community shopping center in Texas, for $14.8M. The sale represents an exit cap rate of 5.2% and generated a loss of approximately $0.9M.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 11:45 am

VRNS

Morgan Stanley has upgraded Varonis Systems from Equal-Weight to Overweight, leading to a rise in the company's stock.

Portfolio Pulse from Bill Haddad

October 16, 2023 | 11:34 am

JNJ

NFLX

NVAX

NVDA

QQQ

SCHW

SPY

TSLA

US stocks are expected to start the week strong due to earnings optimism. The third-quarter earnings season begins this week with companies like Tesla, Netflix, Procter & Gamble, and Johnson & Johnson set to release their earnings. S&P 500 earnings could increase by 0.4% in the third quarter, marking a potential inflection after four straight quarters of negative earnings growth. However, tech stocks are at risk due to looming earnings and concerns about their stretched valuation. The S&P 500 has completed the first year of the bull market with a gain of 21.6%, and the second year could see average returns of 13-14%.

Portfolio Pulse from Shanthi Rexaline

October 16, 2023 | 11:34 am

BNTX

ESLT

MANU

MAXN

MRNA

NVAX

TTD

Several major stocks including Manchester United plc, BioNTech SE, Moderna, Inc., Elbit Systems Ltd., The Trade Desk, Inc., Maxeon Solar Technologies, Ltd., and Novavax, Inc. recorded losses in Monday's pre-market trading session. BioNTech and Moderna's shares dipped following Pfizer's cut in its COVID-19 vaccine and therapy sales outlook.

Portfolio Pulse from Lisa Levin

October 16, 2023 | 11:33 am

TAL

TAL Education Group's shares are trading higher following an upgrade from Neutral to Buy by UBS.

Portfolio Pulse from Bill Haddad

October 16, 2023 | 11:33 am

HON

Honeywell International Inc (HON) has released a positive Global Business Aviation Outlook, indicating strong global demand for new business jets. The company expects new business jet deliveries to increase by 10% Y/Y in 2024, with expenditure growth of 13% Y/Y. However, Honeywell anticipates a decline in global flight activity in 2023 due to inflation and the resumption of commercial air service. The company also notes a slowdown in new jet orders as OEMs accelerate production rates to meet current demand.

Portfolio Pulse from Lekha Gupta

October 16, 2023 | 11:32 am

OMER

Omeros Corporation has decided to discontinue the ARTEMIS-IGAN trial as it did not reach statistical significance on the primary endpoint of reduction in proteinuria compared to placebo.

Portfolio Pulse from Bill Haddad

October 16, 2023 | 11:32 am