Streetbeat News

Stock Prices

LIFW

OPTT

OXBR

VANI

Insiders at four penny stocks, Vivani Medical, Inc. (VANI), MSP Recovery, Inc. (LIFW), Oxbridge Re Holdings Limited (OXBR), and Ocean Power Technologies, Inc. (OPTT), have recently made significant purchases. This could indicate their confidence in the companies' prospects despite recent losses reported by all four companies.

Portfolio Pulse from Lisa Levin

October 03, 2023 | 10:59 am

ALXO

ALX Oncology has released interim Phase 2 data from its ASPEN-06 trial of evorpacept in advanced HER2-positive gastric cancer, which has led to a rise in the company's stock.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 10:56 am

ALXO

CALM

MKC

NVDA

QQQ

SPY

The S&P 500 and Nasdaq futures are wavering as the market turns its focus to the JOLTS data. Analysts from LPL Financial suggest that expecting a strong Q4 this year could be tricky due to factors such as a potential government shutdown, high interest rates, and a strong dollar. The SPDR S&P 500 ETF Trust (SPY) and the Invesco QQQ ETF (QQQ) saw slight increases in premarket trading. Stocks in focus include ALX Oncology Holdings (ALXO), Nvidia Corp (NVDA), McCormick & Company (MKC), and Cal-Maine Foods (CALM).

Portfolio Pulse from Shanthi Rexaline

October 03, 2023 | 10:54 am

STLA

VWAGY

President Biden's proposal to increase fuel efficiency norms by 2032 could lead to penalties of $6.5 billion for General Motors (GM), $3 billion for Stellantis (STLA), and $1 billion each for Ford (F) and Volkswagen (VWAGY). The American Automotive Policy Council, representing these companies, has expressed concerns about the Department of Energy's plans to alter the Petroleum Equivalency Factor, which could lead to higher compliance costs for U.S. carmakers.

Portfolio Pulse from Shivani Kumaresan

October 03, 2023 | 10:52 am

LLY

PNT

Eli Lilly and Company (LLY) has agreed to acquire Point Biopharma (PNT) for $12.50 per share in cash, totaling approximately $1.4 billion.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 10:46 am

TSLA

Morgan Stanley analyst Adam Jonas maintains a positive outlook on Tesla Inc (NASDAQ:TSLA) despite the company's Q3 delivery figures falling below estimates. Jonas has maintained an 'overweight' rating on Tesla stock with a price target of $400, based on expectations that Tesla's supercomputer, Dojo, could unlock new markets for the EV giant. Despite challenges in the rate of EV adoption and potential shifts in sourcing from China, Jonas believes Tesla can address these issues.

Portfolio Pulse from Anan Ashraf

October 03, 2023 | 10:38 am

ADRT

Ault Disruptive Technologies Corporation, a special purpose acquisition company, has announced that the NYSE American has accepted its business plan to regain compliance with the Exchange's continued listing standards. The company was previously notified of its non-compliance with the standards, which require a listed company to maintain a minimum of 200,000 shares publicly held and a minimum of 300 public stockholders on a continuous basis.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 10:36 am

MKC

McCormick & Company, Incorporated (MKC) has projected a 5% to 7% growth in its sales for the fiscal year 2023 compared to 2022.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 10:35 am

NVDA

On October 2, the US stock market ended mixed with the S&P 500 remaining almost unchanged. Nvidia (NVDA) shares jumped 2.9% after Goldman Sachs added the chipmaker to its conviction list of preferred stocks. Asian and Eurozone markets fell, with Japan’s Nikkei 225 and Australia’s S&P/ASX 200 experiencing losses. The Hang Seng index in Hong Kong declined 3%, led by declines in its real estate and energy sectors. The European STOXX 600 index, Germany’s DAX, and France’s CAC 40 also slid.

Portfolio Pulse from Akanksha Bakshi

October 03, 2023 | 10:34 am

BTCUSD

Crypto analyst Capo predicts a drop in Bitcoin's price to $12,000, suggesting the recent surge was short-lived. Capo believes the price increases are orchestrated with the aim of trapping investors. However, other analysts like Michael Van de Poppe and Crypto Tony have different views, with the former referring to the current month as 'Uptober' and the latter identifying a potential short setup.

Portfolio Pulse from Mehab Qureshi

October 03, 2023 | 10:22 am