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Stock Prices

NDAQ

Nasdaq's SVP Brandon Tepper reports a sustained high number of retail traders in the market post-pandemic. The Nasdaq uses data to analyze retail trading activity, with new brokers and tools indicating the segment's strength. Nasdaq is also leveraging AI for business automation and client services, reflecting its commitment to innovation in financial data.

Portfolio Pulse from Chris Katje

December 14, 2023 | 4:50 pm

SDRL

Seadrill Limited (NYSE: SDRL) has announced an organizational change due to the consolidation of its corporate office in Houston, Texas. Executive Vice President and Chief Operating & Technology Officer, Leif Nelson, will not relocate and is leaving the company. Marcel Wieggers has been promoted to Senior Vice President - Operations, reporting to CEO Simon Johnson. Wieggers has been with Seadrill since 2009.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 4:48 pm

WFC

Wells Fargo's stock (WFC) is trading higher following an upgrade from Hold to Buy by Odeon Capital.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 4:48 pm

BCYC

Bicycle Therapeutics' stock is trading lower following the announcement of data updates for their products BT8009, BT7480, and BT5528.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 4:48 pm

NOC

Northrop Grumman's stock (NOC) trades lower following a downgrade by Wolfe Research from Peer Perform to Underperform.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 4:47 pm

EVO

Evotec's stock price has increased following the announcement of a partnership with Charité, aimed at expanding a molecular patient database for autoimmune diseases.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 4:47 pm

PNC

Shares of PNC Financial Services Group, Inc. are trading higher following an upgrade from Hold to Buy by Odeon Capital.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 4:46 pm

DAX

EWI

EWQ

FEZ

FXE

ECB President Christine Lagarde maintained a hawkish stance in the latest press conference, contrasting with Fed Chair Jerome Powell's dovish remarks. The ECB kept interest rates unchanged and signaled no discussions on rate cuts, focusing on a data-dependent approach. The ECB plans to sell securities from its Pandemic Emergency Purchase Programme at €7.5 billion monthly. Inflation and growth projections were updated, with inflation expected to average 5.4% in 2023 and economic growth to modestly increase. The euro strengthened, while European stocks dipped but currency-unhedged ETFs saw minor gains.

Portfolio Pulse from Piero Cingari

December 14, 2023 | 4:46 pm

HPCO

ISPR

Ispire Technology Inc. (NASDAQ:ISPR) has secured a five-year exclusive global manufacturing and distribution agreement with BrkFst, a brand co-created by Burna Boy. The agreement grants Ispire the rights to distribute BrkFst branded vapor products, which will launch in Nigeria, Ghana, and South Africa in December, and in the EU and UK in Q2 2024. Ispire, which went public this spring, has also partnered with Cookies and Hempacco Co., Inc. (NASDAQ:HPCO) for distribution of cannabinoid and nicotine vapor products.

Portfolio Pulse from Jelena Martinovic

December 14, 2023 | 4:43 pm

TSLA

Nordic institutional investors, managing $1 trillion in assets, have sent a letter to Tesla, Inc. (NASDAQ:TSLA) CEO Elon Musk urging the company to recognize collective bargaining agreements for its workforce in Sweden. The investors criticized Tesla for challenging the 'Nordic Model' by preventing mechanics at its Swedish repair shops from signing agreements that include fundamental rights. Danish fund PensionDanmark A/S has divested a $69 million stake in Tesla due to this conflict. The investors have requested a meeting with Tesla's board in early 2024 to discuss the issue. Tesla shares were trading higher by 3.3% to $247.20 at the last check.

Portfolio Pulse from Nabaparna Bhattacharya

December 14, 2023 | 4:41 pm