Streetbeat News

Stock Prices

STWD

Starwood Property Trust has been downgraded to a hold due to weaker dividend coverage and uncertain macroeconomic conditions. Despite a diverse portfolio and consistent dividends, recent earnings declines pose risks. Interest rate cuts in 2024 could offer growth, but high rates may impact earnings.

Portfolio Pulse from

December 18, 2024 | 8:45 pm

NOK

Nokia Corporation has repurchased 872,093 of its own shares at an average price of EUR 4.29 per share as part of a buyback program initiated to offset dilution from new shares issued to Infinera Corporation shareholders. The program aims to repurchase 150 million shares by the end of 2025.

Portfolio Pulse from

December 18, 2024 | 8:45 pm

ACHR

Archer Aviation's stock price surged by 8.4% on Wednesday, reflecting strong investor interest in the flying taxi company.

Portfolio Pulse from

December 18, 2024 | 8:45 pm

CVX

Chevron, a major oil company, is favored by yield-seeking investors due to its 4.2% dividend yield and a 37-year history of annual dividend increases. Its strong cash flow suggests it can continue providing significant passive income.

Portfolio Pulse from

December 18, 2024 | 8:45 pm

RTO

Rosen Law Firm is urging investors in Rentokil Initial plc's American Depositary Shares (NYSE: RTO) to secure legal counsel before the January 27, 2025 deadline for a securities class action. The class period is from December 1, 2023, to September 10, 2024.

Portfolio Pulse from

December 18, 2024 | 8:30 pm

HMC

NSANY

Nissan Motor and Honda Motor experienced significant stock movements due to news of a potential merger. Nissan's shares surged by 18.5%, while Honda's shares fell by 3.3%.

Portfolio Pulse from

December 18, 2024 | 8:30 pm

AMD

NVDA

AMD has developed a new AI chiplet patent that could revolutionize AI GPU technology, offering a cost-effective alternative to Nvidia's GPUs. Despite a 20% decline in AMD's stock over six months, this development could position AMD as a strong competitor in the AI race.

Portfolio Pulse from

December 18, 2024 | 8:30 pm

ELVA

Electrovaya Inc. has successfully closed the full exercise of an over-allotment option, raising an additional US$1.7 million. This follows their recent public offering of common shares, bringing total gross proceeds to approximately US$11.1 million.

Portfolio Pulse from

December 18, 2024 | 8:30 pm

ENVX

Levi & Korsinsky has initiated an investigation into Enovix Corporation for potential securities fraud violations related to a $100 million public offering announced in early November.

Portfolio Pulse from

December 18, 2024 | 8:30 pm

RCKT

Rocket Pharmaceuticals (RCKT) saw a 5.5% increase in its stock price after Jefferies initiated coverage with a 'buy' rating, citing optimism about its experimental drug pipeline. Jefferies set a price target of $29, more than double the current stock value.

Portfolio Pulse from

December 18, 2024 | 8:15 pm