Streetbeat News

Stock Prices

SPY

The S&P/CS HPI Composite - 20 n.s.a. year-over-year for September was reported at 3.9%, slightly below the estimated 4% and down from the previous 2.1%.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 2:00 pm

DHR

GNRC

GOGL

SOFI

Jim Cramer, on CNBC's 'Mad Money Lightning Round,' recommended buying SoFi Technologies, Inc. (SOFI), citing its substantial growth since spring and the good job CEO Noto is doing. He also sees potential in Generac Holdings Inc. (GNRC) due to lower interest costs and suggested holding onto it. Cramer was less optimistic about Golden Ocean Group Limited (GOGL), fearing a bust after a boom. He prefers Danaher Corporation (DHR) over Guardant Health, Inc. (GH) for gene sequencing. The article also reports on the recent price actions of these stocks.

Portfolio Pulse from Lisa Levin

November 28, 2023 | 2:00 pm

TD Cowen analyst Shaul Eyal has maintained an Outperform rating on Zscaler (NASDAQ:ZS) and increased the price target from $195 to $215.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 1:56 pm

Boeing's stock (BA) is trading higher following an upgrade from RBC Capital, which changed its rating from Sector Perform to Outperform and increased the price target from $200 to $275.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 1:54 pm

ADBE

AMZN

AVGO

IRBT

VMW

The UK's Competition and Markets Authority (CMA) has provisionally found that Adobe Inc's proposed $20 billion acquisition of Figma could reduce competition in the UK's digital design software market. Adobe and Figma disagree with the CMA's findings. The CMA will accept further comments until December 19 before making a final decision. Meanwhile, Broadcom Inc's merger with VMware, Inc has received all necessary approvals, and Amazon's acquisition of iRobot is expected to receive EU antitrust approval without conditions.

Portfolio Pulse from Anusuya Lahiri

November 28, 2023 | 1:54 pm

DECK

TD Cowen analyst John Kernan has maintained an Outperform rating on Deckers Outdoor (NYSE:DECK) and increased the price target from $689 to $705.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 1:53 pm

QCOM

OnePlus has teased the new OnePlus 12, showcasing new colors and a relocated Alert Slider. The device will feature Qualcomm Inc.'s (NASDAQ:QCOM) Snapdragon 8 Gen 3 chipset, a new Sony sensor for its main camera, and a 2K display panel. The global launch date will be announced on Dec. 15. The OnePlus 12's use of Qualcomm's latest chipset could enhance its market competitiveness.

Portfolio Pulse from Rounak Jain

November 28, 2023 | 1:52 pm

AAPL

AMZN

GOOGL

META

MSFT

NVDA

QQQE

TSLA

Chamath Palihapitiya, known as the SPAC King, commented on the high valuations of the 'Magnificent Seven' mega-cap tech stocks, which include NVDA, MSFT, META, TSLA, AMZN, AAPL, and GOOGL/GOOG. He suggests that investing in the Nasdaq100 Equal-Weighted index could be less risky than a market-cap weighted index due to lower concentration in these stocks. Palihapitiya also noted the risks associated with some companies in the equal-weighted index, such as loss-making companies and those needing to refinance debt at potentially high costs. The Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) ETF, which tracks the Nasdaq 100 Equal-Weighted Index, was mentioned with a slight increase in its price.

Portfolio Pulse from Shanthi Rexaline

November 28, 2023 | 1:50 pm

AMZN

CRWD

CrowdStrike (NASDAQ:CRWD) is expected to report strong quarterly earnings after the market close on Tuesday. The company's share price has seen significant growth, doubling over the year. CrowdStrike anticipates Q3 revenues between $775-$778 million, with Zacks Equity Research's consensus estimate at $777.2 million and expected EPS of 74 cents. Needham raised CrowdStrike's price target from $215 to $245, citing new products and a strong customer deal pipeline. However, Zacks noted potential negative impacts on the bottom line due to increased costs and investments, and does not predict a definitive earnings beat.

Portfolio Pulse from Neil Dennis

November 28, 2023 | 1:50 pm

BNS

Scotiabank's stock price has declined following the release of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 1:47 pm