Streetbeat News

Stock Prices

ANGO

AngioDynamics has issued a higher than expected guidance for FY24 EPS loss, leading to a decrease in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 11:58 am

RXO

Wolfe Research analyst Scott Group has downgraded RXO (NYSE:RXO) from Peer Perform to Underperform and set a price target of $19.

Portfolio Pulse from richadhand@benzinga.com

July 12, 2023 | 11:53 am

BABA

MPNGF

MPNGY

TCEHY

Alibaba Group Holding Limited (NASDAQ:BABA) stock is trading higher as China ends its regulatory overhaul and voices its desire to boost Big Tech. The National Development and Reform Commission (NDRC) praised projects by ten leading internet giants, including Alibaba, Tencent Holding Ltd (OTC:TCEHY), and Meituan (OTC:MPNGF) (OTC:MPNGY), signaling efforts to restore national economic growth. Alibaba's grocery subsidiary Freshippo revealed its largest wholly-automatic supply chain center in Shanghai and is preparing for an IPO in Hong Kong by 2024.

Portfolio Pulse from Anusuya Lahiri

July 12, 2023 | 11:51 am

ZIM

ZIM Integrated Shipping Services Ltd has lowered its FY23 adjusted EBITDA outlook from $1.8 billion - $2.2 billion to $1.2 billion to $1.6 billion, and its FY23 adjusted EBIT guidance from $100 million - $500 million to a loss of $(500) million - $(100) million. The updated guidance is due to continued weakness in freight rates and lower than expected volume growth. ZIM shares are trading lower by 2.69% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

July 12, 2023 | 11:48 am

DKNG

DraftKings' stock has been upgraded from Neutral to Buy by B of A Securities, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 11:48 am

COTY

Coty's shares are trading higher following a report that Kim Kardashian is in talks to buy back her stake in SKKN from the company.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 11:47 am

EWQ

ZTS

France has chosen Germany's Boehringer Ingelheim over Zoetis for bird flu vaccines, according to Reuters. This decision could potentially impact the stock performance of both companies.

Portfolio Pulse from Charles Gross

July 12, 2023 | 11:45 am

AULT

Ault Alliance has announced that it anticipates $200 million in annual revenue for 2023, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 11:42 am

AULT

Ault Alliance has announced that it anticipates $200 million in annual revenue for 2023, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 11:41 am

BAC

BRK.A

DAI.DE

TSLA

Investor optimism is improving ahead of inflation data. WhatsApp's latest update for iOS makes it easier to use the app on other devices. Berkshire Hathaway is set for a $1B windfall following the Microsoft-Activision deal. Tesla warns that Model 3 tax credit might be reduced after the end of the year. Regulators have fined Merrill Lynch $12M for anti-money-laundering failures. Mercedes-Benz reports a 123% surge in Q2 EV sales on spectacular US demand.

Portfolio Pulse from Akanksha Bakshi

July 12, 2023 | 11:40 am