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VFC

VF Corp (NYSE:VFC) experienced a cyberattack resulting in the theft of personal data of approximately 35.5 million consumers. The company confirmed that no social security numbers, bank account, or payment card information was compromised. VF Corp has largely restored its IT systems since the initial report on Dec. 13, 2023, and continues to address minor operational impacts. Retail stores, e-commerce sites, and distribution centers are operating with minimal issues. VF Corp's stock (VFC) saw a slight increase of 0.75% to $15.44.

Portfolio Pulse from Lekha Gupta

January 19, 2024 | 5:39 pm

GOOGL

Scientists from Google's DeepMind are reportedly in discussions to depart and establish their own AI startup. This news could indicate potential shifts in Google's AI leadership and strategy, and may impact investor sentiment regarding Google's future in AI innovation.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 5:38 pm

LRCX

Lam Research's stock (LRCX) is trading higher following an increase in price target from $725 to $850 by Raymond James.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 5:38 pm

MULN

Mullen Automotive has confirmed that no new warrants have been issued and no existing warrants have been exercised since the reverse stock split on December 21, 2023.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 5:38 pm

Micron Technology's stock (MU) is trading higher following an upgrade from Raymond James, which increased its price target from $90 to $100 and reaffirmed an Outperform rating.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 5:37 pm

MRVL

Marvell Technology's stock price is trading higher following an increase in the price target by Raymond James.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 5:35 pm

INTC

Intel's stock (INTC) is trading higher following Raymond James' decision to maintain an Outperform rating and increase the price target from $48 to $54.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 5:35 pm

CMI

BofA Securities analyst Michael Feniger downgraded Cummins Inc. (NYSE:CMI) from Neutral to Underperform and lowered the price target from $243 to $225. Despite a strong balance sheet and market leadership, consensus earnings expectations for Cummins are considered high, especially with an anticipated decline in North American truck production in 2024. Cummins is also facing uncertainties in its hydrogen business amidst heavy investments to comply with a rising regulatory environment. Cummins shares fell by 2.12% to $228.12 following the downgrade.

Portfolio Pulse from Priya Nigam

January 19, 2024 | 5:34 pm

AGAE

CDRO

HOFV

IRBT

JXJT

KIRK

LANV

MICS

MULN

POL

VMAR

In Friday's intraday session, several consumer discretionary stocks experienced significant movements. Kirkland's (KIRK) saw a 13.5% increase, while iRobot (IRBT) faced a steep decline of 28.2%. Other notable gainers included Allied Gaming (AGAE), Codere Online Luxembourg (CDRO), Lanvin Group Hldgs (LANV), Wayfair (W), and Hall Of Fame Resort (HOFV). On the losing side, in addition to iRobot, were Singing Machine Co (MICS), Polished.com (POL), Mullen Automotive (MULN), Vision Marine (VMAR), and JX Luxventure (JXJT). Vision Marine's drop followed their Q1 earnings release three days prior.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 5:31 pm

ADAG

ALVO

AXDX

AZTR

BCDA

BFRG

EWTX

NHWK

NXL

RNAZ

SHPH

TNYA

During Friday's intraday session, several healthcare stocks experienced significant movements. Edgewise Therapeutics (EWTX) saw a 35.8% increase, while Accelerate Diagnostics (AXDX) dropped by 34%. Other notable gainers include Bullfrog AI Hldgs (BFRG), Shuttle Pharmaceuticals (SHPH), NightHawk Biosciences (NHWK), Alvotech (ALVO), and Tenaya Therapeutics (TNYA). On the losing side, Anitra (AZTR), TransCode Therapeutics (RNAZ), BioCardia (BCDA), Adagene (ADAG), and Nexalin Technology (NXL) saw their stock prices fall significantly.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 5:31 pm