Streetbeat News

Stock Prices

HMC

RIVN

TSLA

Tesla's Q3 vehicle deliveries slowed down, raising concerns about demand. Rivian topped quarterly delivery estimates, doubling EV production. General Motors, Toyota, and Honda posted stronger-than-expected US auto sales. Tesla reaffirmed its annual target of 1.8 million vehicles. Rivian is on track to make 52,000 EVs this year. General Motors' sales rose 21% YoY, but the impact of the ongoing UAW strike is yet to be seen. Toyota and Honda also reported strong sales growth. The UAW strike could potentially benefit Tesla due to increased costs and wages for other automakers.

Portfolio Pulse from Upwallstreet

October 04, 2023 | 1:35 pm

ESAB

Traders are circulating a newsletter mentioning ESAB Corp, indicating increased interest in the company.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 1:34 pm

PLTR

Palantir Technologies Inc. (PLTR) is expanding its collaboration with PwC to combine its AI capabilities. The company has chosen the U.K. as its European headquarters for AI research and development. Palantir is also reportedly poised to secure a significant contract with the U.K.'s National Health Service (NHS), valued at approximately £480 million ($579 million). However, the financial impact of the NHS contract might not significantly influence Palantir's immediate financial results.

Portfolio Pulse from Nabaparna Bhattacharya

October 04, 2023 | 1:33 pm

NOVA

Truist Securities analyst Jordan Levy has downgraded Sunnova Energy Intl (NYSE:NOVA) from Buy to Hold and lowered the price target from $35 to $11.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 1:28 pm

MRNA

NVAX

Moderna, Inc (NASDAQ:MRNA) shares are trading higher after the company announced positive interim results from its Phase 1/2 trial of mRNA-1083, a combination vaccine against influenza and Covid-19. The vaccine has been selected to advance to Phase 3 trials, with regulatory approval targeted for 2025. Shares of competitor Novavax Inc (NASDAQ:NVAX) also surged after the FDA granted Emergency Use Authorization for its updated Covid-19 vaccine.

Portfolio Pulse from Adam Eckert

October 04, 2023 | 1:27 pm

RUN

Truist Securities analyst Jordan Levy has downgraded Sunrun (NASDAQ:RUN) from Buy to Hold and lowered the price target from $30 to $12.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 1:26 pm

FNGR

FingerMotion has responded to a short seller report by Capybara, stating that it contains many errors, unsupported speculations, and inaccurate interpretations of events. The company plans to review and examine the allegations.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 1:18 pm

AMD

AMZN

GOOGL

MSFT

NVDA

ORCL

Nvidia Corp is considering a strategic shift in its cloud service operations, potentially leasing exclusive space in data centers, which could put it in direct competition with current clients like Amazon Web Services, Microsoft, Oracle, and Google. Meanwhile, Nvidia's GeForce RTX 3060 has become the most popular choice among gamers, according to a Steam hardware survey.

Portfolio Pulse from Anusuya Lahiri

October 04, 2023 | 1:15 pm

CSCO

SBUX

On CNBC's 'Halftime Report Final Trades', Starbucks Corporation (SBUX), Cisco Systems, Inc. (CSCO), and The Boeing Company (BA) were named as final trades. Starbucks was found in violation of federal labor law for selectively raising wages at non-unionized stores. Cisco Systems announced its acquisition of Splunk Inc (SPLK) for $28 billion. Boeing is reportedly increasing the production of its 737 aircraft due to a surge in orders.

Portfolio Pulse from Priya Nigam

October 04, 2023 | 1:14 pm

AAPL

ADP

AMZN

MCD

NET

NVDA

TLRY

TLT

TSLA

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 1:14 pm