Streetbeat News

Stock Prices

GM

GM's CFO reports improvements in cell costs due to lower raw material prices and better pricing at their first battery joint venture plant.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 1:59 pm

LCII

LCI Industries reported preliminary Q4 net sales between $832M-$842M, which is below the estimated $846.31M. Additionally, the company expects a loss per share of $(0.14)-$(0.04), indicating a potential earnings miss.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 1:58 pm

AMZN

EBAY

F

GM

STLA

TSLA

WKSP

WMT

Ford and GM are scaling back their EV production plans, with Ford cutting F-150 Lightning output and GM postponing its electric truck plant opening. In contrast, Worksport is expanding its B2B dealer network and will offer its products on Amazon, eBay, and Walmart. Worksport's tonneau covers are compatible with various truck models, including those from Ford, Stellantis, GM, Nissan, and Toyota, and will soon include Honda's Ridgeline. Stellantis and Tesla are continuing their EV production efforts, with Stellantis launching new models and Tesla ramping up Cybertruck production and planning a new mass-market EV.

Portfolio Pulse from Upwallstreet

January 30, 2024 | 1:56 pm

WWD

Woodward Inc. (WWD) shares are up following the release of their Q1 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 1:56 pm

GRI

Trading for GRI was halted and then resumed at 8:55 AM ET, with updated status indicating that quotations have restarted. The news includes information about the resumption times.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 1:55 pm

UPS

United Parcel Service Inc (UPS) reported a Q4 revenue decline of 7.8% Y/Y to $24.92 billion, missing consensus estimates. Adjusted EPS was $2.47, matching consensus but down from $3.62 in Q4 2022. Operating profit decreased by 22.5% Y/Y. Revenue fell across U.S. Domestic, International, and Supply Chain Solutions segments. UPS raised its quarterly dividend by $0.01 to $1.63 per share. The 2024 outlook is below consensus expectations, with projected revenue of $92-$94.5 billion and an adjusted operating margin of 10%-10.6%. UPS shares dropped 6.77% in premarket trading.

Portfolio Pulse from Akanksha Bakshi

January 30, 2024 | 1:54 pm

SIDU

Sidus Space Inc (NASDAQ:SIDU) shares dropped after announcing a proposed public offering of 1,251,700 shares at $4.50 each, aiming to raise $5.63 million for working capital and general corporate purposes. The offering is expected to close on Feb. 1. The current stock price is below the 200-day moving average of $15.16, which traders often view as a bearish signal.

Portfolio Pulse from Adam Eckert

January 30, 2024 | 1:53 pm

SIDU

Sidus Space, Inc. has announced the pricing of its public offering of 1,251,700 Class A shares at $4.50 per share, which has led to a decline in its stock price.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 1:52 pm

AMD

NVDA

Ahead of its Q4 earnings release, AMD received a downgrade from Raymond James analyst Srini Pajjuri, changing from a Strong Buy to Outperform, with a price target increase from $190 to $195. The downgrade is due to high AI revenue expectations, with AMD's stock trading at 33 times the adjusted non-GAAP estimates for 2025, which already discounts a 20% unit share for AI GPUs. Pajjuri compares AMD's valuation to Nvidia's, noting that Nvidia is likely to have shipped more AI chips and is on track to increase shipments, while AMD capturing 20% of the AI chip market is seen as challenging. AMD is expected to report non-GAAP earnings per share of 77 cents on revenue of $6.12 billion. AMD shares fell 0.41% in premarket trading.

Portfolio Pulse from Shanthi Rexaline

January 30, 2024 | 1:51 pm

CTNT

Cheetah Net Supply Chain Service has entered into a definitive agreement to acquire Edward Transit Express Group. The deal includes a $300,000 cash payment and shares of Cheetah's unregistered Class A common stock. The stock price for the deal is set at 80% of the average closing price over the last ten business days before the agreement. The total market value of the share consideration is $1,200,000, which will result in Cheetah owning 100% of Edward following the acquisition.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 1:48 pm