Streetbeat News

Stock Prices

TOL

Barclays analyst Matthew Bouley maintains an Underweight rating on Toll Brothers (NYSE:TOL) and has lowered the price target from $81 to $74.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 6:52 pm

THS

Barclays analyst Andrew Lazar maintains an Equal-Weight rating on Treehouse Foods (NYSE:THS) and lowers the price target from $55 to $46.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 6:51 pm

NVDA

Nvidia Corporation's stock rose by 1.5% after TD Cowen analyst Matthew Ramsay maintained an Outperform rating and increased the price target to $700. The chipmaker's stock has increased by over 8% since October 11, indicating potential further gains. However, the stock may also continue downwards for a short period, and aggressive traders may decide to short the stock. The stock's relative strength index is nearing the 70% mark, indicating that it may soon be overbought.

Portfolio Pulse from Melanie Schaffer

October 12, 2023 | 6:47 pm

EW

Edwards Lifesciences Inc. (NYSE:EW) has seen a 0.01% spike in its current market session, with its price at $71.15. However, the stock has decreased by 4.81% over the past month and by 14.51% over the past year. The company's P/E ratio of 31.48 is lower than the aggregate P/E ratio of 65.16 in the Health Care Equipment & Supplies industry, which could indicate that the stock is undervalued or that it might perform worse than its industry peers.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 6:45 pm

NWL

Barclays analyst Lauren Lieberman maintains an Underweight rating on Newell Brands (NASDAQ:NWL) and has lowered the price target from $9 to $6.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 6:44 pm

BSQR

DAL

OPGN

RVLP

SECO

SLNH

TTOO

U.S. stocks traded lower with the Nasdaq Composite falling more than 100 points. Delta Air Lines reported better-than-expected earnings for its third quarter. Secoo Holding, OpGen, and BSQUARE Corporation shares shot up while RVL Pharmaceuticals, Soluna Holdings, and T2 Biosystems shares dropped. Crude oil and gold traded down.

Portfolio Pulse from Lisa Levin

October 12, 2023 | 6:44 pm

F

A Ford executive has stated that a labor deal that does not allow the business to survive is not sensible. The Super Duty line, which accounts for over 10% of auto dealer sales, is under threat due to a strike at the Kentucky Truck plant. This strike will impact profit sharing for the United Auto Workers (UAW).

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 6:42 pm

DIS

NFLX

Negotiations between SAG-AFTRA actors' union and Hollywood studios, including The Walt Disney Company and Netflix Inc, have failed over issues such as streaming revenue and the use of AI. This has halted production for three months. Disney has also increased its streaming prices for the second time this year due to profitability challenges and loss of subscribers. Disney is also facing a slowdown in its parks business, a broken linear TV business model, and a weak box office. Netflix, despite being the leader in streaming, will also have to deal with increased costs due to writers’ and actors’ strikes.

Portfolio Pulse from Upwallstreet

October 12, 2023 | 6:38 pm

GOOG

GOOGL

META

Google, a subsidiary of Alphabet Inc, has agreed to pay German publishers €3.2 million ($3.38 million) annually for the publication of news content. The agreement is pending a decision from the German patent office. The deal was reached with Corint Media, an organization representing German and international publishers. Google's shares traded lower by 1.11% at $140.13 on the last check Thursday.

Portfolio Pulse from Anusuya Lahiri

October 12, 2023 | 6:35 pm

QDEL

QuidelOrtho reported preliminary Q3 financial results and reaffirmed FY23 guidance. The company's shares are trading lower following the announcement.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 6:35 pm