Streetbeat News

Stock Prices

HUGE

GBB Drink Lab. Inc's lawsuit against FSD Pharma (NASDAQ:HUGE) for violating a Non-Disclosure Agreement and attempting to launch GBB's product without permission will proceed, as a federal court has refused to dismiss the case. The court recognized the economic value of GBB's trade secrets and the impact of FSD Pharma's actions on potential investors.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 6:17 pm

Over the past 5 years, General Electric (NYSE:GE) has produced an average annual return of 19.62%, outperforming the market by 6.9%. A $100 investment in GE stock 5 years ago would now be worth $240.27. General Electric currently has a market capitalization of $141.22 billion.

Portfolio Pulse from Benzinga Insights

January 11, 2024 | 6:00 pm

Analysts have updated their ratings and price targets for SM Energy (NYSE:SM), with a mix of bullish and neutral stances. Over the past three months, ratings have varied, with the current consensus being 1 bullish, 2 somewhat bullish, and 1 indifferent. The average 12-month price target is now $45.00, down from $47.75, with a high estimate of $51.00 and a low of $40.00. Key analysts from Keybanc, Raymond James, Mizuho, and Susquehanna have adjusted their price targets, with three lowering and one raising their target. SM Energy's financials show a -22.7% revenue decline over 3 months, but strong profitability with a net margin of 34.76% and above-average ROE and ROA. The company has a lower-than-average debt-to-equity ratio of 0.46.

Portfolio Pulse from Benzinga Insights

January 11, 2024 | 6:00 pm

ABT

UBER

VRTX

On CNBC's Halftime Report, the final trades segment featured recommendations for Uber Technologies, Vertex Pharmaceuticals, and Abbott Laboratories. These companies were highlighted as potential investment opportunities, though specific details of the discussion were not provided in the article.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 6:00 pm

ARGT

BMA

MELI

TEO

Argentina's inflation rate hit around 200% in 2023, with food prices rising significantly. The new president, Javier Milei, has been in office for a month and warns that it may take time to reduce inflation, which some economists predict could reach 500% this year. Milei's strategy includes cutting government spending and subsidies, which some experts fear may initially lead to higher consumer prices. Despite Argentina's economic challenges, the Global X ETF's MSCI Argentina ETF (ARGT) is up nearly 10% over the past six months, and MercadoLibre Inc (MELI) is trading higher. However, Telecom Argentina SA (TEO) and Banco Macro SA ADR (BMA) have seen declines in the last month.

Portfolio Pulse from Aaron Bry

January 11, 2024 | 6:00 pm

BTCUSD

ETHE

ETHUSD

JPM

The SEC has approved applications for spot Bitcoin ETFs, potentially boosting Bitcoin's price. Meanwhile, Congressman Mike Collins has been purchasing Ethereum, with recent trades disclosed in January. Collins' investment activity comes amid scrutiny of Congress members' trading due to potential conflicts of interest. Collins' stance on cryptocurrency was highlighted in a tweet responding to JPMorgan CEO Jamie Dimon's criticism. The approval of Bitcoin ETFs and interest in Ethereum ETFs, such as from the Grayscale Ethereum Trust, could signal increased institutional interest in cryptocurrencies.

Portfolio Pulse from Chris Katje

January 11, 2024 | 5:55 pm

VNQ

On CNBC, Brenda Vingiello discussed her contrarian investment idea for 2024, which is to invest in Real Estate Investment Trusts (REITs). She mentioned the Vanguard Real Estate ETF as a relevant investment vehicle for this strategy.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 5:48 pm

AAPL

Apple Inc. (AAPL) launched iTunes 23 years ago, revolutionizing the music industry. The service evolved to sell various media and helped Apple become the largest music vendor in the U.S. by 2008 and globally by 2010. Apple's stock price increased by 60,359% from $0.30692 on Jan. 9, 2001, to $185.56 on Jan. 9, 2024. A $1,000 investment in Apple then would be worth $604,588 today, outperforming similar investments in the Nasdaq and S&P 500 indices. iTunes has since been replaced by Apple Music and other dedicated apps.

Portfolio Pulse from Rounak Jain

January 11, 2024 | 5:42 pm

REE

REE Automotive has started deliveries of its P7-C electric chassis cab following the receipt of Federal Motor Vehicle Safety Standards and EPA certification, leading to an increase in its share price.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 5:40 pm

ABL

CNFR

DGICB

EHTH

HUIZ

LMND

MHLD

RELI

SIGIP

SKWD

SLQT

TIRX

In Thursday's intraday session, insurance stocks saw notable movements. Huize Holding (HUIZ) rose 5.82%, Donegal Gr (DGICB) increased by 5.08%, and Abacus Life (ABL) went up by 4.13%. Conifer Holdings (CNFR), Tian Ruixiang Holdings (TIRX), and Skyward Specialty (SKWD) also saw gains. On the downside, Reliance Global Group (RELI) dropped by 5.39%, Lemonade (LMND) fell 5.21%, and SelectQuote (SLQT) declined by 4.15%. Maiden Hldgs (MHLD), Selective Insurance Gr (SIGIP), and eHealth (EHTH) experienced losses as well. All mentioned stocks traded at 0% of their average full-day volume over the last 100 days.

Portfolio Pulse from Benzinga Insights

January 11, 2024 | 5:40 pm