Streetbeat News

Stock Prices

GS

Goldman Sachs maintains a bullish outlook on gold, expecting a price target of $2,700/oz by early 2025, driven by central bank demand and potential Fed rate cuts. Conversely, the bank has downgraded its iron ore forecast due to oversupply concerns, despite stabilizing demand from China.

Portfolio Pulse from Stjepan Kalinic

September 17, 2024 | 11:53 am

NUVL

Nuvalent's shares are trading lower following the announcement of a $500 million upsized public offering, pricing 5 million common shares at $100 each.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 11:52 am

IEP

Icahn Enterprises shares rose after a district court judge dismissed a class action lawsuit against the company, its directors, and officers without prejudice.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 11:51 am

HPE

Hewlett Packard Enterprise (HPE) shares rose following an upgrade by B of A Securities from Neutral to Buy, with a price target increase from $21 to $24.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 11:40 am

INTC

Intel shares rise following a strategic collaboration announcement with AWS to enhance US-based chip manufacturing.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 11:37 am

SVM

Silvercorp Metals has announced the renewal of its share repurchase program, with a normal course issuer bid starting on September 19. The company plans to acquire up to 8.67 million shares, representing 4% of its issued and outstanding stock.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 11:34 am

F

Ford Motor Co is set to launch a limited edition, high-performance street-legal race car variant of the Mustang, the 2025 Ford Mustang GTD, with up to 815 horsepower and a top speed of 202 mph. The car is expected to be available by late 2024 or early 2025, with a starting price of over $300,000.

Portfolio Pulse from Anan Ashraf

September 17, 2024 | 11:26 am

LYFT

MRVL

NDAQ

NTRS

The Nasdaq 100 closed lower by 0.5%, with notable insider sales from executives at Marvell Technology, Northern Trust, Lyft, and Nasdaq. Insider sales can indicate concerns about company prospects or stock overvaluation. Marvell Technology's director sold 92,000 shares, Northern Trust's director sold 1,855 shares, Lyft's Chief Legal Officer sold 4,243 shares, and Nasdaq's Executive Vice President sold 11,000 shares.

Portfolio Pulse from Avi Kapoor

September 17, 2024 | 11:26 am

CTGO

Contango ORE, Inc. (NYSE:CTGO) received a $19.5 million cash distribution from the Peak Gold JV, representing 30% of profits from the first campaign. The company expects further distributions in 2024 and projects its share of gold production to be 30,000-40,000 ounces.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 11:26 am

RRX

Regal Rexnord has indicated that it expects its FY24 sales and adjusted EPS to be in the lower half of its previously announced guidance range, suggesting potential challenges in meeting higher expectations.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 11:19 am