Streetbeat News

Stock Prices

MANU

Traders are circulating a Twitter post stating that Jim Ratcliffe is leading the race to invest in Manchester United. However, a Qatari consortium could still raise its bid for the football club.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 5:21 pm

BTCUSD

Bitcoin's long-term balances as a percentage of the total supply have reached their highest levels since 2010, according to David Puell, an On-chain researcher at ARK Invest. Puell also noted a significant divergence between the gasoline futures price and the spot WTI crude oil price, hinting at potential decreased gas prices. However, he pointed out concerns related to the U.S. Leading Economic Index (LEI), which has been signaling potential recessionary trends.

Portfolio Pulse from Murtuza Merchant

October 12, 2023 | 5:20 pm

CLX

KMB

Bernstein analyst Callum Elliott has upgraded the rating on Kimberly-Clark Corporation (KMB) and Clorox Company (CLX) to Market-perform from Underperform. Despite a solid performance, KMB's stock has underperformed by 23% YTD, leading to a downward target price revision to $118 from $125. CLX's stock is down 22% over the past six weeks, driven by a cyber-attack in mid-August. The analyst expects further bad news with 1Q results in November.

Portfolio Pulse from Shivani Kumaresan

October 12, 2023 | 5:15 pm

CCL

Carnival Corp's Director, Randall J Weisenburger, has purchased 350,000 shares at an average price of $12.99 per share, according to a recent SEC filing.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 5:14 pm

AVGO

VMW

Broadcom's (AVGO) acquisition of VMware (VMW) is expected to receive conditional antitrust approval from China's State Administration for Market Regulation. The $60 billion deal is likely to boost Broadcom's shares significantly, according to CNBC's Jim Cramer. Both Broadcom and VMware saw their shares rise by 3% and 4% respectively on the news.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 5:04 pm

CNX

In the last quarter, CNX Resources (NYSE:CNX) received 4 indifferent and 2 somewhat bearish ratings from analysts. The company's average 12-month price target is $21.5, which has increased by 16.85% over the past month.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 5:00 pm

BLDR

Builders FirstSource (NYSE:BLDR) has received mostly bullish ratings from analysts in the last quarter, with an average price target of $177.78, indicating a potential upside from the current price of $117.8817. The average price target has increased by 16.67% from the previous average of $152.38.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 5:00 pm

VMC

Vulcan Materials (NYSE:VMC) has received a mix of bullish and somewhat bullish ratings from analysts in the last quarter. The average price target for the stock is $249.89, which is higher than its current price of $214.76. The average price target has increased by 9.55% over the past month.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 5:00 pm

ASML

Susquehanna has maintained its Positive rating for ASML Holding (NASDAQ:ASML) but lowered its price target from $850.00 to $810.00. ASML's shares are currently trading up 2.82% at $623.29 per share. A move to $810.00 would represent a 29.96% increase from the current share price.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 5:00 pm

AMZN

CSCO

PANW

The CNBC Halftime Report discussed final trades involving Amazon.com, Cisco Systems, and Palo Alto Networks.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 5:00 pm