Streetbeat News

Stock Prices

LI

Li Auto Inc. reported a 663.8% YoY increase in vehicle deliveries for August 2023, totaling 34,914 vehicles. The company also expanded its retail presence to 346 stores in 130 cities and 324 servicing centers in 220 cities.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 8:38 am

EWU

The U.K. Manufacturing Purchasing Managers Index (PMI) for August was reported at 43, lower than the estimated 42.5 and the prior figure of 45.3.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 8:30 am

DG

Telsey Advisory Group analyst Joseph Feldman has downgraded Dollar Gen (NYSE:DG) from Outperform to Market Perform and lowered the price target from $185 to $145.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 8:08 am

TSLA

Tesla Inc has removed its recently introduced standard range Model S and X versions from its website, just weeks after their U.S. debut. These variants were priced $10,000 lower than the long-range models. Tesla has also reduced prices by up to 19% on the remaining models, making the Model X eligible for a $7,500 EV tax credit. This adjustment reflects Tesla’s strategy to streamline its offerings and maximize affordability for customers.

Portfolio Pulse from Anan Ashraf

September 01, 2023 | 8:08 am

VGK

The Eurozone Manufacturing Purchasing Managers Index (PMI) for August was reported at 43.5, slightly below the estimated 43.7, but higher than the prior figure of 42.7.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 8:00 am

EWG

VGK

Germany's Manufacturing Purchasing Managers Index (PMI) for August is reported at 39.1, matching the estimated figure and showing a slight increase from the previous month's 38.8.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 7:55 am

EWQ

France's Manufacturing Purchasing Managers Index (PMI) for August was reported at 46, slightly below the estimated 46.4, but higher than the previous month's 45.1.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 7:50 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) has reduced the prices of its Model S and Model X electric vehicles in the U.S. by up to 18.8%. The price adjustments make the Model X eligible for a government EV tax credit of $7,500. Tesla has also made all color options for Model S and X vehicles free and reduced the price of its full self-driving software from $15,000 to $12,000. Despite these changes, Tesla's stock performance remains mixed.

Portfolio Pulse from Shanthi Rexaline

September 01, 2023 | 6:18 am

EWU

The U.K. Nationwide House Price Index has shown a month-on-month decrease of 0.8%, which is more than the estimated decrease of 0.3%. The year-on-year index has also decreased by 5.3%, more than the estimated 3.9% decrease.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 6:00 am

CRM

DDL

US stocks closed mostly lower on Thursday, with the Dow Jones falling around 170 points. The Nasdaq Composite gained for a fifth straight day but recorded its worst month of the year. Salesforce, Inc. (NYSE:CRM) shares gained 3% after reporting better-than-expected Q2 results and issuing FY24 guidance above estimates. Investors are awaiting earnings results from Dingdong (Cayman) Limited (NYSE:DDL). The CNN Money Fear and Greed index showed a decline in overall sentiment among U.S. investors.

Portfolio Pulse from Lisa Levin

September 01, 2023 | 5:54 am