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AMT

CCI

SBAC

XHB

XLRE

The U.S. housing market in October 2023 showed mixed signals with a 5.6% decrease in new single-family home sales from September, but a 17.7% increase year-over-year. Median sales prices stood at $409,300, and inventory at 439,000. Building permits rose by 1.8% from the previous month. Real estate stocks had varied responses, with the Real Estate Select Sector SPDR Fund (XLRE) up by 0.4% and the SPDR S&P Homebuilders ETF (XHB) down by 0.3%. Crown Castle Inc. (CCI), SBA Communications Corporation (SBAC), and American Tower Corporation (AMT) saw share increases.

Portfolio Pulse from Piero Cingari

November 27, 2023 | 5:04 pm

CNI

Shares of Canadian National Railway (CNI) are trading lower following a downgrade by Deutsche Bank from 'Buy' to 'Hold'. Additionally, Deutsche Bank reduced its price target for CNI from $125 to $121.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 5:03 pm

ROKU

Roku's stock is experiencing an uptick following an upgrade from Neutral to Buy by Cannonball Research, which also set a new price target of $116.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 5:01 pm

ANGI

ASTS

ATUS

AUR

DISH

GSAT

INDI

QQQ

SMTC

VSAT

Analysts have identified nine U.S. tech stocks trading at a discount of over 40% from their 1-year forward average price targets, suggesting potential upsides of over 80%. These stocks are AST SpaceMobile, Inc. (ASTS), Globalstar, Inc. (GSAT), DISH Network Corporation (DISH), Altice USA, Inc. (ATUS), Semtech Corporation (SMTC), Viasat, Inc. (VSAT), Aurora Innovation, Inc. (AUR), Angi Inc. (ANGI), and indie Semiconductor, Inc. (INDI). The Invesco QQQ Trust (QQQ) tracks the Nasdaq 100, which has seen significant growth. Investors are reminded to exercise due diligence and maintain a balanced portfolio.

Portfolio Pulse from Piero Cingari

November 27, 2023 | 5:00 pm

ROKU

Over the last 3 months, 17 Wall Street analysts have provided ratings for Roku (NASDAQ:ROKU), with an average price target of $90.88, which is below the current price of $102.14, suggesting a downside. The ratings include 4 bullish, 5 somewhat bullish, and 8 indifferent, with no bearish or somewhat bearish ratings. The current average price target has increased by 4.36% from the previous target of $87.08. Analysts derive their ratings from various sources, including company calls, financial statements, and insider information.

Portfolio Pulse from Benzinga Insights

November 27, 2023 | 5:00 pm

CMCSA

The 2023 Macy's Thanksgiving Day Parade broadcasted by NBC, a Comcast Corporation (NASDAQ:CMCSA) network, set a new viewership record with 28.5 million viewers, a 6% increase from the previous year. It was the most-watched entertainment program of 2023 on linear television. The parade's success, along with high viewership for 'The National Dog Show' and the NFL Thanksgiving Night Game on NBC and Peacock, could positively impact Comcast's brand and viewership metrics. Macy's Inc (NYSE:M), as a key sponsor, could benefit from increased brand awareness and marketing.

Portfolio Pulse from Chris Katje

November 27, 2023 | 5:00 pm

DPZ

Over the past 3 months, 19 Wall Street analysts have published their ratings on Domino's Pizza (NYSE:DPZ), with an average 12-month price target of $420.84, a slight decrease from the previous target of $424.42. The ratings include 2 bullish, 11 somewhat bullish, 5 indifferent, and 1 somewhat bearish, with no bearish ratings. Analysts typically update their ratings quarterly and consider various factors including company financials, conference calls, and insider communications.

Portfolio Pulse from Benzinga Insights

November 27, 2023 | 5:00 pm

FRT

Evercore ISI Group has upgraded Federal Realty Investment Trust (NYSE:FRT) to Outperform with a new price target of $108.00, up from $104.00. The upgrade suggests a potential upside of 17.25% from the current share price of $92.11. Federal Realty Investment Trust specializes in high-quality retail properties in major metropolitan markets, with a portfolio that includes 102 properties with retail space and multifamily units.

Portfolio Pulse from Benzinga Insights

November 27, 2023 | 5:00 pm

TRDA

HC Wainwright & Co. has maintained a Buy rating for Entrada Therapeutics (NASDAQ:TRDA) but lowered its price target from $25.00 to $20.00. Entrada's shares are currently trading at $11.51, and the new price target suggests a potential upside of 73.76%. Entrada focuses on developing intracellular biologics for treating devastating diseases.

Portfolio Pulse from Benzinga Insights

November 27, 2023 | 5:00 pm

SPG

Simon Property Group Inc. (NYSE:SPG) stock rose by 0.41% in the current session, trading at $121.33, and has increased by 10.41% over the past month and 3.29% over the past year. The company's P/E ratio of 17.93 is lower than the Retail REITs industry average of 74.92, which could indicate potential undervaluation or weaker growth prospects.

Portfolio Pulse from Benzinga Insights

November 27, 2023 | 5:00 pm