Streetbeat News

Stock Prices

TSLA

Tesla has reduced the prices of its Model Y and 3 vehicles in the U.S., leading to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 12:38 pm

XOM

Exxon Mobil is reportedly close to acquiring Pioneer Natural Resources in a deal worth $60 billion. This news has led to a decrease in Exxon Mobil's share price.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 12:34 pm

PXD

XOM

Exxon Mobil is reportedly close to acquiring Pioneer Natural Resources in a deal worth $60 billion. This news has led to a rise in Pioneer's share prices.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 12:32 pm

SHEL

Shell PLC has revised its Q3 FY23 operational outlook. The company updated the production outlook for Integrated Gas and LNG liquefaction volumes, reflecting scheduled maintenance. Shell also narrowed production guidance for Upstream and lowered the higher end of the sales volume guidance for marketing. The company currently sees refinery utilization of 82% - 86% and Chemicals utilization of 68% - 72%. Shell projects Q3 chemicals sub-segment adjusted earnings to align with Q2 FY23. The company expects to release Q3 FY23 results on November 2, 2023.

Portfolio Pulse from Lekha Gupta

October 06, 2023 | 12:28 pm

PXD

XOM

Pioneer Natural Resources Company's shares rose by 11.6% in pre-market trading due to reports of Exxon Mobil Corp. nearing a purchase deal with the company, potentially worth around $60 billion. Other notable pre-market movers include Vaccinex, Inc., RVL Pharmaceuticals plc, and ETAO International Co., Ltd. On the other hand, OMNIQ Corp., Near Intelligence, Inc., and AgriFORCE Growing Systems Ltd. saw significant drops in their share prices.

Portfolio Pulse from Lisa Levin

October 06, 2023 | 12:26 pm

CUTR

OMGA

RVMD

VNRX

The article lists four health care stocks that are considered oversold and are expected to perform well in the short term. These include Cutera, Inc. (NASDAQ:CUTR), Omega Therapeutics, Inc. (NASDAQ:OMGA), VolitionRx Limited (NYSE:VNRX), and Revolution Medicines, Inc. (NASDAQ:RVMD). All four stocks have an RSI value below 30, indicating they are oversold and potentially undervalued.

Portfolio Pulse from Lisa Levin

October 06, 2023 | 12:26 pm

CAG

STZ

The CNN Money Fear and Greed index showed a slight increase in investor fear, remaining in the 'Extreme Fear' zone. U.S. stocks closed slightly lower as investors await a key jobs report. ConAgra Brands Inc (NYSE:CAG) and Constellation Brands Inc (NYSE:STZ) reported better-than-expected earnings. Most S&P 500 sectors closed negatively, with consumer staples and materials stocks recording the biggest losses.

Portfolio Pulse from Lisa Levin

October 06, 2023 | 12:19 pm

TSLA

Tesla CEO Elon Musk defended his leadership role at the company, citing data showing Tesla's dominance in EV sales in the U.S. for the first half of 2023. Tesla outsold its 19 closest competitors, including Ford, Rivian, Volkswagen, and BMW, with 325,291 vehicle sales. This comes amid concerns about Musk's divided attention between his roles in various companies.

Portfolio Pulse from Anan Ashraf

October 06, 2023 | 12:16 pm

AMZN

DIS

NFLX

Netflix Inc (NASDAQ:NFLX) is struggling to expand its footprint in India due to high subscription costs and limited local content. Despite reducing subscription costs, Netflix is lagging behind competitors Walt Disney Co (NYSE: DIS) Disney+ Hotstar and Amazon.Com, Inc (NASDAQ: AMZN) Prime Video. Netflix's subscriber base in India is approximately 6.5 million, compared to Prime Video's 20 million and Disney+ Hotstar's 40 million. Only 12% of Netflix's content caters to the local audience, compared to 60% of Prime Video's offerings.

Portfolio Pulse from Anusuya Lahiri

October 06, 2023 | 12:12 pm

AAPL

NVDA

TSM

Taiwan Semiconductor Manufacturing Company Ltd (TSMC) reported a less-than-expected decline in its Q3 revenue, thanks to robust demand from the AI sector. The company posted a revenue of $17 billion, an 11% drop from the previous year, yet surpassing the anticipated amount. TSMC's advanced packaging service is also witnessing increased demand, promising an uplift in sales even as the semiconductor industry grapples with an excess inventory.

Portfolio Pulse from Anusuya Lahiri

October 06, 2023 | 12:09 pm