Streetbeat News

Stock Prices

Goldman Sachs analyst Mark Delaney maintains a 'Sell' rating on QuantumScape (NYSE:QS) and has lowered the price target from $6 to $5.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 12:27 pm

LAZR

Goldman Sachs analyst Mark Delaney has maintained a 'Sell' rating on Luminar Technologies (NASDAQ:LAZR) and lowered the price target from $4.5 to $3.5.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 12:24 pm

COST

HOOD

KTOS

PACW

PLTR

PRGO

Jim Cramer, host of CNBC's 'Mad Money Lightning Round', gave his opinions on several stocks. He praised Energy Transfer LP (ET) and Kratos Defense & Security Solutions, Inc. (KTOS), and noted that Palantir Technologies Inc. (PLTR) had a good quarter and lived up to its hype, with its shares up over 148% in 2023. He recommended Costco (COST) over Perrigo Company plc (PRGO). He criticized Robinhood Markets, Inc. (HOOD) for not being profitable and advised against investing in PacWest Bancorp (PACW), whose stock is down more than 66% year-to-date.

Portfolio Pulse from Priya Nigam

October 03, 2023 | 12:23 pm

SLE

Super League (NASDAQ:SLE) announced a preliminary Q3 2023 revenue of approximately $7 million, a 55% increase YoY. The company attributes this growth to its ability to attract brands targeting younger audiences with innovative virtual world experiences. Despite recent capital market challenges, Super League has positioned itself for a sustainable future with diverse revenue streams and a healthy pipeline of advertising and publishing partnerships. The company also recently implemented a 1-for-20 reverse stock split to maintain compliance with Nasdaq listing requirements.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 12:20 pm

AZN

GSK

PFE

SNY

AstraZeneca has agreed to pay $425 million to settle U.S. lawsuits related to heartburn and stomach acid treatments Nexium and Prilosec. The company continues to deny any wrongdoing. The settlement resolves product liability claims in New Jersey and Delaware. A case remains pending in Louisiana. AZN shares are up 0.27% in premarket trading.

Portfolio Pulse from Vandana Singh

October 03, 2023 | 12:18 pm

BGS

DEO

KDP

PPC

The article lists four consumer staples stocks that are currently oversold, presenting a potential buying opportunity. The stocks are B&G Foods, Inc. (BGS), Pilgrim's Pride Corporation (PPC), Keurig Dr Pepper Inc. (KDP), and Diageo plc (DEO). All four stocks have a Relative Strength Index (RSI) below 30, indicating they are oversold.

Portfolio Pulse from Lisa Levin

October 03, 2023 | 12:18 pm

PEGR

Heramba Electric is set to list on Nasdaq through a business combination with Project Energy Reimagined Acquisition Corp (PEGR). The pro forma implied enterprise value of the combined company is approximately $450 million.

Portfolio Pulse from Bill Haddad

October 03, 2023 | 12:15 pm

Citigroup Inc. (NYSE:C) is expected to release its Q3 earnings on Oct. 13, 2023, with analysts predicting a decrease in earnings per share and revenue compared to the previous year. The bank's dividend yield is currently 5.09%, and the article provides calculations on how much an investor would need to invest in Citigroup to earn a certain amount in dividends each month. The stock price fell 1.5% to close at $40.50 on Monday.

Portfolio Pulse from Priya Nigam

October 03, 2023 | 12:14 pm

EFSH

1847 Holdings LLC (NYSE:EFSH) has regained compliance with the NYSE American's continued listing standards. The company is on track to achieve $90 million in sales in 2023 and its cash flow continues to improve. This could allow the company to resume dividends and potentially repurchase stock in the future, subject to establishing a stock buyback plan and future market conditions.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 12:10 pm

NVO

Novo Nordisk Foundation CEO has expressed surprise at the successful launch of the weight-loss drug Wegovy. He hopes that Novo Nordisk will be able to replenish its pipeline after Semaglutide, indicating confidence in the company's long-term strategy.

Portfolio Pulse from Charles Gross

October 03, 2023 | 12:10 pm