Streetbeat News

Stock Prices

FTCH

Jose Neves, the founder of Farfetch, is making a bid to take the luxury fashion site private following a disappointing performance in the US stock market. The company, which went public in 2018, has seen its share price decline significantly since its IPO. Neves believes that taking the company private will allow for more flexibility and long-term planning without the pressures of the public market.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 5:59 pm

CMND

Clearmind Medicine shares have resumed trading. The company, possibly referenced as CMND in the article, had its stock activity halted for an unspecified reason, and now the trading has recommenced.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 5:58 pm

AAPL

INTC

MSFT

UDN

UUP

The US dollar index (DXY) has declined by 3.8% since early October, largely due to a rally in the equity market, as per Bank of America analysts. The S&P 500 index rose 10.5% since Oct. 27, with tech giants like Microsoft and Apple, and chip producer Intel Corporation seeing significant gains. The VIX index has dropped, indicating lower market volatility. Dollar ETFs like the Invesco DB US Dollar Index Bullish Fund and Bearish Fund have moved inversely to the dollar's trend. The dollar's movement is now more tied to risk sentiment than traditional factors like economic growth or geopolitical risk, with the Fed's potential rate cut by the end of Q1 being a key factor to watch.

Portfolio Pulse from Neil Dennis

November 28, 2023 | 5:58 pm

CMND

Clearmind Medicine's stock is trading higher following the announcement of positive results from its weight loss and metabolic disorder program.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 5:57 pm

CHPT

ChargePoint Holdings Inc (NASDAQ:CHPT) stock fell 6.3% to a new all-time low of $1.86 after UBS analyst Robert Jamieson downgraded the stock from Buy to Neutral and cut the price target from $9 to $2.25. The downgrade follows ChargePoint's preliminary Q3 results, which showed lower-than-expected revenue and the announcement of a new CEO, Rick Wilmer. The company's revenue is projected to be between $108 million to $113 million, well below the forecast of $150 million to $165 million, due to market pressures, delivery delays, and economic conditions. ChargePoint is also facing non-cash impairment charges and operating expense adjustments, although its cash position and credit facilities are reportedly stable.

Portfolio Pulse from Henry Khederian

November 28, 2023 | 5:56 pm

DELL

NVDA

Dell Technologies Inc. has partnered with AI startup Imbue in a $150 million deal to create a high-performance computing cluster for training AI models focused on reasoning. Imbue, which recently raised $200 million with NVIDIA Corporation as an investor, is utilizing Dell PowerEdge servers with NVIDIA GPUs for this project. The collaboration aims to advance AI innovation, particularly in developing systems with enhanced reasoning capabilities. Dell's stock saw a slight decrease of 0.19% to $74.32.

Portfolio Pulse from Nabaparna Bhattacharya

November 28, 2023 | 5:56 pm

CMND

Shares of Clearmind Medicine were halted due to a circuit breaker after experiencing a significant drop, but have since recovered, now showing an increase of 33.9%.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 5:53 pm

CMND

Clearmind Medicine's stock (CMND) resumed trading after a circuit breaker halt and is now up by 45%. The halt was likely triggered by the sharp increase in the stock price, which is a mechanism designed to prevent excessive volatility and provide a cooling-off period for investors to assess information.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 5:52 pm

AMZN

CHWY

ETSY

GOOGL

META

NKE

Cyber Monday saw consumers taking advantage of discounts, with online sales growth in various categories. Goldman Sachs, Adobe, Salesforce, and Mastercard reported sales growth, with electronics, footwear, sporting goods, and jewelry performing well. Raymond James noted a significant increase in active footwear sales. Consumers showed a preference for value, with increased use of 'buy-now-pay-later' and 'no-rush shipping' options. Promotions were prevalent, with Nike, Foot Locker, Etsy, and Chewy offering substantial discounts. Analysts expect promotions to continue into 2024 due to a weak macroeconomic environment and high inventory levels. Goldman Sachs recommends Amazon as a preferred investment in the sector, with Alphabet and Meta also well-positioned to benefit from digital advertising.

Portfolio Pulse from Neil Dennis

November 28, 2023 | 5:47 pm

DIA

QQQ

SPY

Major stock indexes have risen following comments from Fed Governor Waller expressing increased confidence in the current monetary policy's ability to reduce inflation to the 2% target.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 5:44 pm