Streetbeat News

Stock Prices

TEVA

Jefferies analyst Glen Santangelo upgraded Teva Pharmaceutical Industries (NYSE:TEVA) from Hold to Buy and increased the price target from $10 to $14, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 10:54 am

ENPH

Truist Securities analyst Jordan Levy has upgraded Enphase Energy (ENPH) from Hold to Buy and increased the price target from $85 to $145.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 10:53 am

NOVA

Truist Securities analyst Jordan Levy has upgraded Sunnova Energy International (NOVA) from Hold to Buy and increased the price target from $10 to $18.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 10:51 am

ZUO

Goldman Sachs analyst Adam Hotchkiss has upgraded Zuora (NYSE:ZUO) from Neutral to Buy and increased the price target from $10 to $12.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 10:49 am

BABA

TCEHY

Richard Fontaine, CEO of the Center for a New American Security, argues that despite China's economic slowdown, demographic challenges, and real estate turmoil, the country still offers significant investment opportunities. China's economy outpaced the U.S. last year and leads in technologies like AI and quantum computing. The Chinese military is expanding, and there's no sign of economic struggles impacting its global activities. However, China's tech giants Alibaba (BABA) and Tencent (TCEHY) face economic headwinds, with reduced external investments and a global tourism hit of $129 billion due to post-pandemic pullback.

Portfolio Pulse from Benzinga Neuro

January 23, 2024 | 10:40 am

ARCT

BITF

CLSK

COIN

LOGI

MARA

SGMT

TBPH

Logitech International S.A. (LOGI) reported Q3 earnings of $1.53 per share, beating estimates of $1.17 per share, with sales matching expectations at $1.25 billion. However, the company expects an annual sales decline of 6-7%, better than previous estimates of 9-12%. LOGI shares fell 7.4% in pre-market trading. Other stocks like SGMT, ARCT, COIN, CLSK, MARA, TBPH, and BITF also recorded losses in pre-market trading, with several declining due to Bitcoin's weakness.

Portfolio Pulse from Avi Kapoor

January 23, 2024 | 10:04 am

BABA

BIDU

FXI

NIO

PDD

SPY

XPEV

Bloomberg reported that China is considering a $278 billion rescue package for its stock market. The package aims to stabilize the market and boost investor confidence amid recent declines.

Portfolio Pulse from Charles Gross

January 23, 2024 | 9:57 am

PWSC

Piper Sandler analyst Arvind Ramnani has reiterated an Overweight rating on PowerSchool Holdings (NYSE:PWSC) and maintained a price target of $28. This reaffirmation of the stock's potential could influence investor sentiment and stock performance in the short term.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 9:31 am

AAPL

Apple Inc. has started shipping pre-orders of its Vision Pro ahead of the official launch on Feb. 2. The first batch of pre-orders is being dispatched via UPS, with customers able to track their orders using UPS My Choice or the 'Track by Reference Number' feature. Despite the start of shipments, Apple aims to deliver all pre-orders on the launch day. Analyst Ming-Chi Kuo reported strong pre-order performance but warned of a potential dip in demand. Gene Munster of Deepwater Asset Management predicts a slower sales trajectory for the Vision Pro compared to the iPhone and estimates it will take two years to reach one million unit sales.

Portfolio Pulse from Ananya Gairola

January 23, 2024 | 9:30 am

BYDDF

TSLA

BYD Co Ltd, supported by Warren Buffett, is entering the luxury EV market with a new lineup including a $150,000 supercar and an SUV capable of 360-degree rotation and floating. BYD has surpassed Tesla in global EV sales, with a focus on the Chinese market where it sells five times more cars than Tesla. The company aims to expand internationally, despite facing a subsidy probe in Europe and limited U.S. access. BYD also collaborated with DJI on a vehicle-mounted drone, aiming to export 400,000 cars this year.

Portfolio Pulse from Benzinga Neuro

January 23, 2024 | 8:53 am