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DHR

VLTO

Sen. Sheldon Whitehouse disclosed stock trades of Veralto Corporation (VLTO), raising insider trading suspicions due to his position on the Senate Committee on Environment. He sold shares in three tranches on Nov. 29, totaling $3.34 million. Veralto, a pollution treatment company, was spun off from Danaher Corp. (DHR) in late September. The stock has since risen about 1.6%. Whitehouse previously sold stocks before the 2008 financial crisis but faced no charges.

Portfolio Pulse from Shanthi Rexaline

December 11, 2023 | 10:30 am

FXI

NVDA

SPY

TCEHY

Chinese companies, including Tencent, are promoting their AI chips as alternatives to Nvidia's products in response to U.S. export restrictions. These restrictions have limited China's access to Nvidia's advanced chips, prompting local firms to accelerate their own AI chip development. Sources familiar with the matter have indicated that these companies are seizing the opportunity to fill the gap left by Nvidia in the Chinese market.

Portfolio Pulse from Charles Gross

December 11, 2023 | 10:28 am

BBY

Jefferies analyst Jonathan Matuszewski has upgraded Best Buy Co (NYSE:BBY) from Hold to Buy and increased the price target from $69 to $89, indicating a positive outlook for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 10:26 am

PINS

RBC Capital analyst Brad Erickson upgraded Pinterest (NYSE:PINS) from Sector Perform to Outperform and increased the price target from $32 to $46.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 10:25 am

HPQ

Evercore ISI Group analyst Amit Daryanani has upgraded HP (NYSE:HPQ) from In-Line to Outperform and increased the price target from $33 to $40, indicating a positive outlook for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 10:13 am

QD

Qudian Inc. (NYSE:QD) reported an improvement in its Q3 adjusted earnings per share (EPS) to $(0.11), up from $(0.37) in the same quarter last year. However, the company's sales saw a significant decline to $4.06 million, a 73.80% decrease from $15.49 million reported in the same period the previous year.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 10:04 am

JBHT

BMO Capital analyst Fadi Chamoun has upgraded JB Hunt Transport Services (NASDAQ:JBHT) from Market Perform to Outperform and increased the price target from $200 to $220.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 10:03 am

DLO

Barclays analyst John Coffey upgraded DLocal (NASDAQ:DLO) from Underweight to Equal-Weight and increased the price target from $15 to $18.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 10:01 am

F

TSLA

Tesla Inc.'s (TSLA) Cybertruck outperformed Ford Motor Co's (F) F-150 Raptor R in several drag races, including on a dirt road, demonstrating its superior acceleration and off-road capabilities. The Cybertruck, with three electric motors, delivered 845 HP and 930 Nm of torque, while the Raptor R, with a 5.2-liter V8 engine, produced 700 HP and 868 Nm of torque.

Portfolio Pulse from Benzinga Neuro

December 11, 2023 | 9:52 am

AES

BLBD

CASY

MLSS

ORCL

Investors are watching several stocks as U.S. futures trade mixed. Oracle (ORCL) is expected to report earnings of $1.32 per share on $13.05 billion revenue. AES (AES) raised its dividend, resulting in a slight stock increase. Casey's General Stores (CASY) is anticipated to report earnings of $3.73 per share on $4.06 billion revenue. Milestone Scientific (MLSS) announced a public offering, causing its stock to dip. Blue Bird Corporation (BLBD) is expected to post earnings of 48 cents per share on $290.11 million revenue, with its stock also declining after hours.

Portfolio Pulse from Avi Kapoor

December 11, 2023 | 9:42 am