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Stock Prices

BTCUSD

SEC Chair Gary Gensler discussed Bitcoin on CNBC, describing it as a highly speculative and very volatile underlying asset. His comments may influence investor perception and regulatory expectations for cryptocurrencies.

Portfolio Pulse from Charles Gross

January 12, 2024 | 12:25 pm

SYF

JMP Securities analyst David Scharf has reaffirmed a Market Outperform rating on Synchrony Financial (NYSE:SYF) and increased the price target from $35 to $42, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 12:24 pm

OPFI

JMP Securities analyst David Scharf has reaffirmed a Market Outperform rating on OppFi (NYSE:OPFI) and increased the price target from $3.25 to $5. This adjustment reflects a positive outlook on the company's performance and potential growth.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 12:22 pm

BLK

CVX

QQQ

SPY

TSLA

UNH

XOM

U.S. stock futures indicate a weaker open on Friday after mixed trading on Thursday following the consumer price inflation report. The Nasdaq Composite closed slightly up, extending its winning streak, while the S&P 500 and Dow Industrials saw marginal movements. The focus now shifts to the producer price inflation report. In premarket trading, SPY and QQQ are down, while individual stocks like TSLA, UNH, BLK, BK, DAL, BAC, and JPM show varied reactions to earnings reports and other news. Energy stocks like CVX and XOM are up due to tensions in the Red Sea. The upcoming economic data and comments from Minneapolis Fed President Neel Kashkari are also in focus.

Portfolio Pulse from Shanthi Rexaline

January 12, 2024 | 12:21 pm

OMF

JMP Securities analyst David Scharf has reaffirmed a Market Outperform rating on OneMain Holdings (NYSE:OMF) and increased the price target from $46 to $53.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 12:20 pm

COST

SBUX

Costco Wholesale Corporation (NASDAQ:COST) opened its first store in southern China, attracting huge crowds and implementing crowd control due to high demand. The economic slowdown in China has led to a surge in budget shopping, with consumers favoring daily groceries over luxury items. Starbucks Corporation (NASDAQ:SBUX) is also mentioned as offering deals to attract customers. COST shares saw a slight increase in premarket trading.

Portfolio Pulse from Nabaparna Bhattacharya

January 12, 2024 | 12:17 pm

BABA

TCEHY

Alibaba Group Holding Ltd (NYSE:BABA) stock has dropped 77% from its 2020 peak due to slow domestic sales, competition, and changes in leadership and strategy. Despite this, Alibaba's DingTalk platform reached 700 million users and is innovating with an AI agent. Alibaba's Taobao and Tmall Group are testing new AI tools for merchants, and Cainiao is launching a new service in the U.S. BABA shares traded lower by 0.41% at $72.08 in premarket trading.

Portfolio Pulse from Anusuya Lahiri

January 12, 2024 | 12:16 pm

QCOM

Citigroup analyst Christopher Danely has upgraded Qualcomm (NASDAQ:QCOM) from Neutral to Buy and set a price target of $160.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 12:06 pm

LZ

JMP Securities analyst Andrew Boone has maintained a Market Outperform rating on LegalZoom.com (NASDAQ:LZ) but has reduced the price target from $15 to $14.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 12:05 pm

PBPB

Benchmark analyst Todd Brooks has upgraded Potbelly (NASDAQ:PBPB) from Hold to Buy and set a price target of $15.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 12:04 pm