Streetbeat News

Stock Prices

CSCO

GM

SPLK

STLA

The Federal Open Market Committee (FOMC) decided to leave rates unchanged at 5.25%-5.5%, signaling a more hawkish path ahead. Treasury yields hit 17-year highs. Cisco Systems announced an agreement to acquire cybersecurity company Splunk. The stock market witnessed a volatile week with the S&P 500 Index and the Nasdaq 100 recording their worst trading week since early March 2023. Interest rate-sensitive sectors underperformed, while defensive angles fared better. The United Auto Workers revealed its plan to widen the scope of strikes to 38 facilities in 20 states, primarily targeting General Motors and Stellantis.

Portfolio Pulse from Piero Cingari

September 22, 2023 | 8:07 pm

MDRX

Veradigm, a division of Allscripts Healthcare Solutions (MDRX), has received a delisting notice from Nasdaq. The company intends to appeal against this decision.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 8:02 pm

INTC

23 analysts have provided ratings for Intel (NASDAQ:INTC) in the last quarter, with an average price target of $33.41, implying a downside from the current price of $34.305. The current average represents a 1.24% decrease from the previous average price target of $33.83.

Portfolio Pulse from Benzinga Insights

September 22, 2023 | 8:00 pm

XPEV

Over the past 3 months, 12 analysts have published their opinion on XPeng (NYSE:XPEV) stock. The average price target is $17.86, implying an upside from the current price of $16.51. The current average has increased by 46.87% from the previous average price target of $12.16.

Portfolio Pulse from Benzinga Insights

September 22, 2023 | 8:00 pm

WBA

In the last quarter, Walgreens Boots Alliance (NASDAQ:WBA) received 14 analyst ratings, with 12 being indifferent, one somewhat bullish, and one somewhat bearish. The average 12-month price target for the company is $32.64, representing a 16.73% decrease from the previous average price target of $39.20.

Portfolio Pulse from Benzinga Insights

September 22, 2023 | 8:00 pm

PINS

23 analysts have provided ratings for Pinterest (NYSE:PINS) in the last quarter, with an average price target of $32.83, implying an upside from the current price of $26.82. The average price target has increased by 13.64% from the previous average of $28.89.

Portfolio Pulse from Benzinga Insights

September 22, 2023 | 8:00 pm

SPY

The market-on-close imbalance is leaning towards the sell-side with $5.1 billion. This could potentially impact the overall market sentiment and the SPY ETF.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 7:51 pm

MU

Analysts from Mizuho and Piper Sandler have provided their insights on Micron Technology Inc (NASDAQ:MU) ahead of its Q4 earnings report. Mizuho analyst Vijay Rakesh maintained a Buy rating and raised the price target from $72 to $82, expecting Q4 revenue, gross margin, and EPS in line with consensus. He also estimates improvements in Mobile and DC inventory normalization for MU's November quarter. Piper Sandler analyst Harsh V. Kumar reiterated a Neutral rating and a price target of $70, expecting pricing to start working in favor of Micron starting next year due to supply cuts initiated by Samsung and in the broader industry.

Portfolio Pulse from Anusuya Lahiri

September 22, 2023 | 7:50 pm

CDE

RBC Capital Markets analyst Michael Siperco has upgraded Coeur Mining, Inc (NYSE:CDE) from Sector Perform to Outperform, maintaining a price target of $4. The upgrade is based on the near completion of the expansion at Nevada's Rochester mine, which is expected to significantly increase production by 2025. The analyst also highlighted the diminishing risk of further capex inflation and the stock's relative value compared to its peers.

Portfolio Pulse from Nabaparna Bhattacharya

September 22, 2023 | 7:47 pm

RSP

SPY

According to the latest SPIVA U.S. Scorecard, 60% of active large-cap U.S. equity managers underperformed the S&P 500 in the first half of 2023. This is a significant increase from 2022, when only 49% underperformed. The report also highlights that only 28% of the stocks in the S&P 500 outperformed the index during the first half of 2023. The Invesco S&P 500 Equal Weight ETF (RSP) and the SPDR S&P 500 ETF Trust (SPY) are mentioned in the context of index performance.

Portfolio Pulse from Piero Cingari

September 22, 2023 | 7:46 pm