Streetbeat News

Stock Prices

ALXO

ALX Oncology has reported interim Phase 2 ASPEN-06 trial data for advanced HER2-positive gastric cancer. The data shows a confirmed overall response rate of 52% for Evorpacept combo treatment, compared to 22% for control treatment.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 10:02 am

EADSY

Boeing Company (NYSE:BA) is planning to increase the production of its 737 narrowbody aircraft to record levels by mid-2025, reflecting a surge in orders and the company's recovery from the 737 MAX crisis. The company's European counterpart, Airbus SE (OTC:EADSY), is also setting aggressive production targets. Boeing's plan, reaffirmed in mid-September, targets 737 production to reach 42 jets a month by December 2023, escalating to 57.7 aircraft each month by July 2025.

Portfolio Pulse from Shivani Kumaresan

October 03, 2023 | 9:58 am

CIFR

EBET

NKLA

SBSW

VIPS

Several stocks recorded losses in Tuesday's pre-market trading session. Sibanye Stillwater Limited (SBSW) shares fell 6.5% after a 5% drop on Monday. EBET, Inc. (EBET) shares dipped 6.1% following a 12% fall on Monday. Cipher Mining Inc. (CIFR) shares declined 4% after the company issued a September operational update. Nikola Corporation (NKLA) shares fell 3.5% after a 10% drop on Monday. Vipshop Holdings Limited (VIPS) shares declined 2.7% after a 6% fall on Friday. Li Auto Inc. (LI) shares declined 2.7% despite reporting a 212.7% YoY increase in September vehicle deliveries. JD.com, Inc. (JD) shares fell 2.4%.

Portfolio Pulse from Lisa Levin

October 03, 2023 | 9:57 am

TSLA

Tesla Inc.'s Cybertruck launch appears to be delayed again, missing CEO Elon Musk's Q3 target. The delay signs emerged over the summer, causing industry analysts and fans to grow anxious. There was no mention of Cybertruck during the company's Q3 delivery report, which reported deliveries of 435,059 vehicles, missing Wall Street expectations by around 26,580 cars. Musk's last-minute demands regarding the truck's appearance and the lack of details shared by Tesla about the Cybertruck have raised concerns among order-holders.

Portfolio Pulse from Benzinga Neuro

October 03, 2023 | 9:51 am

DGHI

Digihost Technology Inc. (NASDAQ:DGHI) reported a 21% increase in its Bitcoin production for September 2023 compared to the previous month. The company also saw a 10% increase in its cash, Bitcoin, and cash deposits, reaching $2.4 million. Digihost did not purchase or sell any miners during the month and continues to monetize a portion of its Bitcoin production to fully fund its energy costs.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 9:32 am

WLK

Keybanc analyst Aleksey Yefremov has upgraded Westlake (NYSE:WLK) from Underweight to Sector Weight.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 8:55 am

ABNB

Keybanc analyst Justin Patterson has downgraded Airbnb (NASDAQ:ABNB) from Overweight to Sector Weight.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 8:48 am

INTC

MSFT

NVDA

QRVO

SYNA

Nvidia Corp. (NASDAQ:NVDA) has seen a remarkable rally, surging over 200% year-to-date. Analyst John Vinh from KeyBanc Capital Markets believes there's still room for growth, raising the price target from $670 to $750. Despite weak demand in China, AI data center demand remains strong, outpacing supply by approximately 20%. Nvidia, Synaptics Inc. (NASDAQ:SYNA), Intel Corp. (NASDAQ:INTC), and Qorvo, Inc. (NASDAQ:QRVO) are benefiting from rush orders in the Android smartphone supply chain. Vinh predicts that the Microsoft Corp. (NASDAQ:MSFT)/Open AI alliance will procure 450,000 Nvidia GPUs this year, translating to $11 billion in revenue.

Portfolio Pulse from Shanthi Rexaline

October 03, 2023 | 8:20 am

CALM

DLA

GAIA

MKC

TRIB

McCormick & Company, Delta Apparel, Cal-Maine Foods, Gaia, and Trinity Biotech are the stocks to watch heading into Tuesday. McCormick is expected to report quarterly earnings of 65 cents per share on revenue of $1.70 billion. Delta Apparel received an unsolicited offer to purchase its Salt Life business. Cal-Maine Foods is expected to have earned 25 cents per share on revenue of $473.37 million. Gaia reported a proposed public offering of common stock. Trinity Biotech is expected to post a quarterly loss at 9 cents per share on revenue of $13.50 million.

Portfolio Pulse from Lisa Levin

October 03, 2023 | 8:13 am

FSR

Fisker Inc (NYSE:FSR) has made its first customer delivery in the United Kingdom, with the recipient being British motorsports racing driver Abbie Eaton. The company has previously expanded its deliveries beyond U.S. borders, with its first European delivery in Denmark. Fisker has built 5000 Fisker Ocean SUVs and expects to ramp deliveries to 300 vehicles per day later this year. It has delivered over 900 vehicles in Europe and the U.S. and plans to start deliveries in China by Q1 2024.

Portfolio Pulse from Anan Ashraf

October 03, 2023 | 7:58 am