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Stock Prices

CTOS

Custom Truck One Source (CTOS) board has approved a stock repurchase program that authorizes the repurchase of up to $25M of shares, according to a recent filing.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 8:58 pm

ENVX

Enovix Corporation (NASDAQ:ENVX) announced the acquisition of Korean battery manufacturer Routejade. The deal, costing approximately 6.2 million shares of Enovix common stock and $16.5 million in cash, is expected to close in Q4 2023. The acquisition is expected to establish Enovix's presence in Korea, providing strategic proximity to key customers and suppliers. Enovix shares were up 1.12% in after-hours trading following the announcement.

Portfolio Pulse from Ryan Gustafson

September 20, 2023 | 8:51 pm

URI

A significant bearish stance has been taken on United Rentals (NYSE:URI) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is 80% bearish and 20% bullish. The whales have been targeting a price range from $440.0 to $540.0 for United Rentals over the last 3 months. The price of URI is currently down -0.67% at $448.03.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 8:49 pm

IBM

A significant bullish stance has been taken on IBM (NYSE:IBM) by a large investor or institution, as indicated by a large position appearing in publicly available options history. The overall sentiment of these big-money traders is split between 52% bullish and 47% bearish. Whales have been targeting a price range from $60.0 to $170.0 for IBM over the last 3 months. RBC Capital has downgraded its action to Outperform with a price target of $188.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 8:32 pm

GOOGL

PLTR

TSLA

The article discusses the potential of AI to disrupt various industries and predicts a global AI market cap of $1.8 Trillion by 2030. It highlights three US-listed companies: Tesla Inc. (NASDAQ:TSLA), Palantir Technologies Inc. (NYSE:PLTR), and Alphabet Inc. (NASDAQ:GOOGL) as key players in the AI sector.

Portfolio Pulse from Gav Blaxberg

September 20, 2023 | 8:31 pm

BRQS

Borqs Technologies, Inc. (NASDAQ:BRQS) has received a deficiency notification from Nasdaq for not maintaining a minimum market value of $35 million for 30 consecutive business days. The company has until March 13, 2024, to regain compliance or face delisting. Borqs intends to regain compliance within the given period.

Portfolio Pulse from Happy Mohamed

September 20, 2023 | 8:31 pm

RCL

Royal Caribbean Gr (NYSE:RCL) has outperformed the market over the past 15 years, producing an average annual return of 10.13%. If an investor had bought $1000 of RCL stock 15 years ago, it would be worth $4,113.30 today. The company currently has a market capitalization of $24.66 billion.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 8:30 pm

KBH

KB Home (NYSE:KBH) reported Q3 earnings of $1.80 per share, beating the analyst consensus estimate of $1.43, but a 37.06% decrease YoY. Quarterly sales were $1.59 billion, beating the analyst consensus estimate of $1.48 billion, but a 13.98% decrease YoY. The company also reported a 7% decrease in homes delivered and a decrease in the average selling price. However, KB Home raised the full-year 2023 housing revenues outlook from between $5.80 billion and $6.20 billion to $6.31 billion.

Portfolio Pulse from Ryan Gustafson

September 20, 2023 | 8:29 pm

INTC

QQQ

The Nasdaq 100 index fell to late August lows following the Federal Reserve's decision to maintain rates at 5.25%-5.5% and hint at a possible rate hike by the end of 2023. The Invesco QQQ Trust, the largest ETF tracking the Nasdaq 100, dropped 1.5%. Other ETFs such as SPDR S&P 500 ETF Trust, iShares Russell 2000 ETF, and Dow Jones Industrial Average ETF also experienced declines. Among S&P 500 mega caps, Intel Corp., Alphabet Inc., Nvidia Corp., Netflix Inc., and Microsoft Corp. were the worst performers.

Portfolio Pulse from Piero Cingari

September 20, 2023 | 8:25 pm

F

GM

STLA

Negotiations between the United Auto Workers (UAW) union and the Detroit Big Three automakers, including General Motors (GM), Ford Motor Company (F), and Stellantis NV (STLA), remain at a standstill, leading to strikes. The UAW is demanding increased pay, a shorter work week, and other benefits. GM President Mark Reuss has countered the UAW's allegations of 'poverty wages', stating that GM's current proposal offers a 20% wage increase. Reuss also warned that the strikes could be counterproductive and could potentially impact GM's future, especially as the company transitions to an all-EV future.

Portfolio Pulse from Chris Katje

September 20, 2023 | 8:19 pm