Streetbeat News

Stock Prices

YETI

YETI Holdings' stock has been downgraded from Outperform to Neutral by Exane BNP Paribas, with a new price target set at $42. This has resulted in a decrease in the trading price of YETI shares.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 4:28 pm

AMD

ARM

QCOM

SSNLF

Samsung's partnership with Advanced Micro Devices (AMD) for GPU licensing remains intact, debunking earlier rumors of a split. Samsung is reportedly working on a custom GPU, a development that hinges on AMD's technology. Samsung's current Xclipse 940 GPU, featured in the Exynos 2400, has not met expectations, underscoring the necessity of AMD's expertise for enhanced performance. Traders circulated a Baird note on AMD suggesting reduced 2024 estimates for lowered data center revenue.

Portfolio Pulse from Anusuya Lahiri

October 05, 2023 | 4:28 pm

AAPL

CURLF

Curaleaf Holdings Inc's founder and executive chair, Boris Jordan, emphasized the company's commitment to improving the quality of its cannabis products in an interview at Benzinga’s Cannabis Capital Conference. The company, which is the world's largest cannabis firm by market cap, is focusing on product quality, drawing inspiration from Apple Inc's founder Steve Jobs. Jordan also identified Europe as a key growth opportunity in the cannabis sector and highlighted Curaleaf's securing a brokerage and securities license in Canada.

Portfolio Pulse from AJ Fabino

October 05, 2023 | 4:25 pm

GM shares are trading lower following a report suggesting the company has at least 20 million vehicles with potentially explosive airbag parts.

Portfolio Pulse from Bill Haddad

October 05, 2023 | 4:20 pm

1839.HK

2039.HK

BABA

BYDDY

NIO

XPEV

China International Marine Containers (CIMC) reported worse-than-expected H1 2023 earnings due to macroeconomic pressures, with revenue down 16% YoY. However, its EV subsidiary, CIMC Vehicles, saw a 20% increase in revenue. The overall poor performance of CIMC impacted its stock, while the success of CIMC Vehicles boosted its shares. Other exporter-related shares and energy-efficient vehicle stocks showed mixed results.

Portfolio Pulse from Daniel Harrison

October 05, 2023 | 4:18 pm

DIA

IWM

QQQ

SPY

Major stock indexes are experiencing a decline due to the recent strength in Treasury yields.

Portfolio Pulse from Bill Haddad

October 05, 2023 | 4:15 pm

SPY

Federal Reserve's Daly has stated that the current economic slowdown could lead to a steady progress towards the Fed's goals. However, she also acknowledged the presence of real risks in the inflation projection.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 4:13 pm

AEE

CMS

CNP

DTE

DUK

ETR

NEE

PNW

WEC

XEL

KeyBanc Capital Markets analysts have updated ratings and forecasts for several utility stocks following recent market volatility. Upgrades include CMS Energy Corporation, DTE Energy Co, CenterPoint Energy Inc, Pinnacle West Capital Corporation, and Entergy Corp. Forecast changes were made for Xcel Energy Inc, WEC Energy Group Inc, Ameren Corp, Duke Energy Corp, and FirstEnergy Corp. NextEra Energy Inc was downgraded.

Portfolio Pulse from Priya Nigam

October 05, 2023 | 4:13 pm

CMBM

MXCT

ORTX

RIVN

STZ

US stocks traded lower with the Dow Jones index falling over 100 points. Constellation Brands Inc (STZ) reported better-than-expected Q2 earnings and raised its FY24 EPS outlook. Orchard Therapeutics (ORTX) shares rose after agreeing to be acquired by Kyowa Kirin. Lamb Weston Holdings (LW) and SP Plus Corporation (SP) shares also rose after positive financial results and acquisition news respectively. Cambium Networks Corporation (CMBM), Rivian Automotive (RIVN), and MaxCyte (MXCT) shares fell due to disappointing financial forecasts.

Portfolio Pulse from Lisa Levin

October 05, 2023 | 4:10 pm

SGML

Sigma Lithium's shares are trading lower following the news that the company's COO has stepped down.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 4:09 pm