Streetbeat News

Stock Prices

NOK

Nokia's stock (NOK) trades lower following a downgrade from Buy to Sell by Citigroup.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 3:38 pm

GE

GE's stock is trading higher following an upgrade by Wells Fargo from Equal-Weight to Overweight, with a price target increase from $115 to $144.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 3:35 pm

LEN

Lennar Corporation's shares have declined after the company released its Q4 earnings report. Lennar has chosen not to provide full-year margin guidance currently, citing the 'rapidly evolving' interest rate environment as the reason.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 3:34 pm

VRCA

Verrica Pharmaceuticals' stock (VRCA) resumed trading after a circuit breaker halt. The halt was likely due to significant volatility or a substantial price move.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 3:33 pm

AAL

FM

The Panamanian government has ordered the shutdown of First Quantum Minerals' Cobre Panama copper mine due to a Supreme Court ruling and protests. This closure, which affects a significant portion of Panama's GDP and employment, exacerbates the global copper deficit, with potential impacts on prices and economic growth. The copper market is already facing a projected deficit due to increased demand, particularly from the electric vehicle sector, and production cuts from other major miners like Anglo American.

Portfolio Pulse from Stjepan Kalinic

December 15, 2023 | 3:33 pm

HRTG

Heritage Insurance Holdings' stock is trading lower following the announcement of a common stock offering of 3,703,703 shares priced at $6.75 each.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 3:32 pm

ZKH

ZKH Group shares have resumed trading. There is no additional information provided regarding the context or implications of this event.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 3:31 pm

BOX

Box shares are trading higher following UBS's initiation of coverage on the stock with a Buy rating and a $33 price target.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 3:30 pm

AAPL

AMZN

GLD

GOOG

META

MSFT

NVDA

QQQ

SLV

SPY

TSLA

USO

Market sentiment has become extremely positive, which is often a contrary indicator signaling a potential sell-off. SPDR S&P 500 ETF Trust (SPY) is at the low band of the top resistance zone, with room to run higher despite overbought conditions. Quadruple witching is causing volatility with over $5 trillion in options expiring, potentially leading to a market maker gamma squeeze. New York Fed President John Williams is attempting to moderate expectations after Powell's dovish comments. Records are being set with 44% of S&P 500 stocks overbought and small caps' rapid rise. Money flows are mixed in major tech stocks and ETFs like SPY and QQQ. The momo crowd is buying, while smart money's actions are undisclosed. Gold, oil, and Bitcoin are experiencing volatile trades. Investors are advised to maintain protection bands to balance risks and opportunities.

Portfolio Pulse from The Arora Report

December 15, 2023 | 3:27 pm

ZKH

Trading of ZKH Group ADS was halted due to a circuit breaker being triggered by a rapid increase in its stock price.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 3:26 pm