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The U.S. Supreme Court has decided not to block an Illinois ban on assault-type rifles and large capacity magazines. This decision could have implications for companies involved in the manufacture and sale of firearms and related accessories.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 7:01 pm

BLD

TopBuild (NYSE:BLD) received 4 analyst ratings in the last quarter, with 2 bullish and 2 somewhat bullish, and no indifferent, somewhat bearish, or bearish ratings. The average price target given by these analysts is $350.0, which is slightly above TopBuild's current price of $348.85, suggesting a marginal upside. The average price target has seen a 9.38% increase over the past month. Analyst ratings are based on future earnings predictions and company risk assessments, and are updated quarterly or after major company events.

Portfolio Pulse from Benzinga Insights

December 14, 2023 | 7:01 pm

EMN

Over the past 3 months, 10 Wall Street analysts have provided ratings for Eastman Chemical (NYSE:EMN), with an average price target of $87.8, which is a 3.63% decrease from the previous target of $91.11. The current price of Eastman Chemical is $88.0, suggesting a slight downside according to these analysts. The ratings include 1 bullish, 3 somewhat bullish, and 6 indifferent, with no bearish or somewhat bearish ratings in the last 3 months.

Portfolio Pulse from Benzinga Insights

December 14, 2023 | 7:00 pm

OVV

Over the last three months, 9 Wall Street analysts have provided ratings for Ovintiv (NYSE:OVV), with an average price target of $54.89, which is significantly higher than the current price of $43.00. The consensus among these analysts is leaning towards a bullish outlook for Ovintiv, with 4 bullish, 1 somewhat bullish, and 4 indifferent ratings. There have been no bearish or somewhat bearish ratings. The average price target has seen a slight increase of 0.83% over the past month.

Portfolio Pulse from Benzinga Insights

December 14, 2023 | 7:00 pm

IMXUSD

Immutable's cryptocurrency (IMX) has seen a significant price increase of 9.18% in the last 24 hours, reaching $2.18. Over the past week, IMX has surged 47.0%, climbing from $1.48. Despite the recent gains, it is still well below its all-time high of $9.52. The trading volume has decreased by 58.0% over the past week, while the circulating supply has slightly decreased by 0.16%. Immutable's current market cap is $2.81 billion, ranking it 31st in the market.

Portfolio Pulse from Benzinga Insights

December 14, 2023 | 7:00 pm

ALGN

APLS

ENPH

FSLR

GLD

LCID

MRNA

SEDG

TLT

TPIC

USO

US stocks are on track for a 7-day winning streak, with the S&P 500 and Nasdaq 100 nearing all-time highs, and the Dow setting new records. The Russell 2000 has surged following the Fed's meeting. Treasury yields have fallen, with the 10-year yield at 3.9%, positively impacting the iShares 20+ Year Treasury Bond ETF (TLT). Mortgage rates have dropped below 7%, boosting real estate stocks. The dollar weakened against the euro, while gold (GLD) and crude oil (USO) prices rose. Bitcoin also gained. Solar stocks, including SolarEdge (SEDG), Enphase Energy (ENPH), and First Solar (FSLR), rallied after the Fed's pivot. Moderna (MRNA) surged on positive trial results, Align Technology (ALGN) soared after Health Canada's update, and Lucid Group (LCID) rallied on EV production news. Apellis Pharmaceuticals (APLS) fell after downgrades, and TPI Composites (TPIC) surged on an agreement with Oaktree Capital Management.

Portfolio Pulse from Piero Cingari

December 14, 2023 | 6:58 pm

CRH

Truist Securities analyst Keith Hughes initiated coverage on CRH PLC (NYSE:CRH) with a Buy rating and a price target of $81. CRH's primary stock listing shift to the NYSE aims to attract U.S. investors, reflecting its significant EBITDA generation in the U.S. The analyst highlights the company's diverse business segments and potential for growth, with an emphasis on the Americas Building Solutions segment. CRH's EBITDA margin has grown significantly over the past decade, and the company is expected to continue its positive trajectory, although further work is needed to fully capitalize on the listing change and portfolio shift.

Portfolio Pulse from Shivani Kumaresan

December 14, 2023 | 6:42 pm

CPTN

Cepton's stock is trading lower following the announcement that its tier 1 partner, Koito, has had all outstanding purchase orders related to a series production award cancelled by the OEM, which is re-scoping its ADAS offerings.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 6:39 pm

BLK

FNF

SEC Chair Gary Gensler discussed the review process for spot Bitcoin ETF applications on CNBC, mentioning recent meetings with Blackrock and Fidelity. While the SEC is reconsidering applications due to court rulings, Gensler warned of noncompliance in the crypto space. Bitcoin's price remains high amid investor optimism for potential ETF approvals, expected between Jan. 5 and Jan. 10, 2024.

Portfolio Pulse from Erica Kollmann

December 14, 2023 | 6:36 pm