Streetbeat News

Stock Prices

FRT

Mizuho analyst Haendel St. Juste has downgraded Federal Realty Investment (NYSE:FRT) from Buy to Neutral and lowered the price target from $105 to $101.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 10:12 am

CODA

Coda Octopus has reported an increase in the purchase contract value under one of its subsidiary's longstanding key defense programs. This could potentially lead to increased revenues and profitability for the company.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 10:12 am

FLGC

Flora Growth Corp. (NASDAQ:FLGC) has agreed to acquire Australian Vaporizers Pty Limited in an all-stock transaction valued at $1.7 million. The deal, expected to close in Q4 2023, will see Flora exchange 600,676 of its common shares for all issued and outstanding shares of Australian Vaporizers. The acquisition is expected to contribute $5.2 million in annual revenues, $1.2 million in gross margins, and $0.5 million in net income to Flora.

Portfolio Pulse from Charles Gross

September 18, 2023 | 10:08 am

DASH

Mizuho analyst James Lee has upgraded DoorDash (NYSE:DASH) from Neutral to Buy and raised the price target from $90 to $105.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 10:04 am

F

GM

STLA

TSLA

This weekend's top business stories included Elon Musk's comments on the UAW strike against automakers Stellantis, Ford, and General Motors, allegations of Jared Kushner receiving $2 billion in funding from Saudi Arabia, and economist Peter Schiff's warning about inflation. The UAW is pushing for a 40% increase in hourly pay over four years, which has led to layoff announcements from Ford and General Motors.

Portfolio Pulse from Benzinga Neuro

September 18, 2023 | 10:02 am

TIP

The United Auto Workers union is on a historic simultaneous strike against Detroit’s big three automakers. Labor stoppages from strikes led to 4.1 million missed days of work in August, marking the biggest total since Aug. 2000. The surge seen last month followed strikes by Hollywood actors and writers. The UAW has been involved in over 60 work stoppages involving 1,000 workers or more. The labor market has remained tight despite the successive and aggressive rate hikes by the Federal Reserve. The iShares TIPS Bond ETF (NYSE:TIP), which tracks the investment results of an index composed of inflation-protected U.S. Treasury bonds, rose 0.01% to $105.12.

Portfolio Pulse from Shanthi Rexaline

September 18, 2023 | 9:47 am

PLNT

Jefferies analyst Randal Konik has downgraded Planet Fitness (NYSE:PLNT) from Buy to Hold and lowered the price target from $90 to $56.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 8:58 am

KARS

TSLA

Tesla investor Ross Gerber has highlighted rising gas prices as an additional incentive to buy electric vehicles (EVs). Gerber's comments come amid a sharp rise in energy prices, triggered by Saudi Arabia and Russia's decision to extend production cuts. The nationwide average price of regular-grade gasoline is currently at $3.876 a gallon, up from $3.682 a year ago. Gerber suggests that the price hikes give 'even more incentive to buy an EV'. The KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) ended Friday’s session down 0.54% at $29.36.

Portfolio Pulse from Shanthi Rexaline

September 18, 2023 | 8:22 am

AAPL

MSFT

QCOM

Apple Inc. is confident that its A17 Pro-powered iPhone 15 Pro and iPhone 15 Pro Max will outperform Sony's PlayStation and Microsoft Corp.'s Xbox gaming consoles. The company's executives highlighted the performance gains of the A17 Pro chipset in an interview with IGN. Benchmarks on Geekbench revealed that the iPhone 15 Pro outperformed Samsung's upcoming flagship, the Galaxy S24, powered by Qualcomm Inc.’s Snapdragon 8 Gen 3 chipset, by a 30% margin.

Portfolio Pulse from Rounak Jain

September 18, 2023 | 7:48 am

ADBE

ICMB

LEN

SFIX

The CNN Money Fear and Greed index showed a decline in overall sentiment among U.S. investors on Friday, as U.S. stocks closed lower. The S&P 500 and Nasdaq both recorded losses for the second straight week. Adobe Inc. and Lennar Corporation shares fell after reporting third-quarter results. Investors are awaiting earnings results from Stitch Fix, Inc. and Investcorp Credit Management BDC, Inc.

Portfolio Pulse from Lisa Levin

September 18, 2023 | 7:19 am