Streetbeat News

Stock Prices

Hang Seng Indexes has announced the results of its index review, which now includes Li Auto Inc. as part of the Hang Seng Index. This inclusion reflects Li Auto's growing significance in the market and is likely to increase the visibility and potential investor interest in the company.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 2:46 pm

LSXMA

MOMO

SBGI

VEON

Benzinga Insights identifies value stocks in the communication services sector with low P/E ratios, including MOMO, LSXMA, KT, SBGI, and VEON. The article provides recent earnings per share data and dividend yields, noting the potential risk that the undervalued position of these stocks may not rebound.

Portfolio Pulse from Benzinga Insights

November 20, 2023 | 2:45 pm

ARGT

BMA

GGAL

YPF

Javier Milei's victory in Argentina's presidential election led to a surge in Argentine ADRs and ETFs in U.S. markets. The Global X MSCI Argentina ETF (ARGT) rose by 13%, while ADRs like YPF Sociedad Anonima (YPF), Banco Macro S.A. (BMA), and Grupo Financiero Galicia S.A. (GGAL) saw significant premarket gains. Milei's economic proposals include privatization, dollarization, and fiscal reforms. Goldman Sachs highlighted risks associated with these changes, particularly for the exchange rate. The Argentine peso's volatility against the dollar Tether (USDT) on Binance and the disparity between official and parallel exchange rates are concerns for financial stability.

Portfolio Pulse from Piero Cingari

November 20, 2023 | 2:45 pm

ACOR

NUWE

OCUP

PRE

XCUR

The article identifies notable value stocks in the healthcare sector based on low P/E multiples, suggesting they may be undervalued. Nuwellis, Exicure, Acorda Therapeutics, Prenetics Global, and Ocuphire Pharma are mentioned with their respective P/E ratios and recent earnings per share (EPS) data. The article highlights the potential for value stocks to rebound but also notes the risk that the expected emergence may not materialize.

Portfolio Pulse from Benzinga Insights

November 20, 2023 | 2:44 pm

PENN

B of A Securities analyst Shaun Kelley has upgraded PENN Entertainment from Neutral to Buy and increased the price target from $27 to $30.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 2:41 pm

ALX

CHCI

FBRT

LSEA

SQFT

The article discusses value stocks in the real estate sector, focusing on companies with low price-to-earnings (P/E) multiples, suggesting potential undervaluation. Notable stocks mentioned include Comstock Holding Co (CHCI), Franklin BSP Realty Trust (FBRT), Alexander's (ALX), Landsea Homes (LSEA), and Presidio Property Trust (SQFT). The article provides recent earnings per share (EPS) data and dividend yields, indicating significant increases in EPS for CHCI and dividend yields for FBRT and ALX.

Portfolio Pulse from Benzinga Insights

November 20, 2023 | 2:39 pm

AAPL

AMD

AMZN

COIN

DIS

GOOGL

MARA

NFLX

NVDA

PLTR

SHOP

SPY

TSLA

The article provides a technical analysis and commentary on various stocks and cryptocurrencies by MandoTrading. It includes specific price targets and observations on market behavior for assets like Apple, AMD, Amazon, Alphabet, Disney, Marathon Digital Holdings, Shopify, C3.ai, Netflix, Palantir, Coinbase, and the SPDR S&P 500 ETF. It also mentions Tesla, NVIDIA, and Bitcoin, with a focus on upcoming events such as NVIDIA's earnings release. The article promotes MandoTrading's educational content and offers a free newsletter subscription.

Portfolio Pulse from Mando Trading

November 20, 2023 | 2:39 pm

BMY

TSVT

Bristol-Myers Squibb Company (BMY) and 2seventy Bio Inc (TSVT) stocks dropped due to a delay in expanded U.S. approval for their Abecma gene therapy. The FDA's ODAC will review the sBLA for Abecma based on the KarMMa-3 study, but the meeting date is unconfirmed, and the PDUFA target action date of December 16, 2023, will be missed. Abecma is approved for RRMM after four prior therapies and has generated significant revenue. The KarMMa-3 study showed a significant improvement in progression-free survival.

Portfolio Pulse from Vandana Singh

November 20, 2023 | 2:37 pm

BTCUSD

ETHUSD

SNXUSD

Bitcoin (BTC) surpassed the $37,000 mark, while Ethereum (ETH) traded above $2,000. Synthetix (SNX) was the top gainer with a 23.2% increase, and Celestia (CLS) was the biggest loser, dropping 5.3%. The global crypto market cap rose to $1.42 trillion, a 2.2% increase. Other notable gainers include NEAR Protocol, Fetch.ai, Lido DAO, and Gala, while losers include Kaspa, FTX Token, XDC Network, and dYdX.

Portfolio Pulse from Lisa Levin

November 20, 2023 | 2:36 pm

TSLA

Tesla, Inc. (TSLA) is gearing up for the launch of its Cybertruck on November 30. Analyst Gene Munster of Deepwater Asset Management is cautiously optimistic, citing a significant market for light pick-up trucks in the U.S. with sales around 3 million units. The Cybertruck is expected to have a slow production start, with estimates ranging from a few hundred to 10,000 units in 2023, potentially increasing to 35,000 in 2024 and 175,000 units per year later on. Despite over one million reservations, Munster believes only about 500,000 are solid potential buyers. He emphasizes that production, not demand, is the key concern for investors. Tesla's overall production is projected at 1.8 million units in 2023, with the Cybertruck contributing to a 25-30% delivery growth in 2025 and 2026. In comparison, the Model Y and 3 have a current production capacity of 800,000 units each. Tesla's stock saw a slight increase in premarket trading.

Portfolio Pulse from Shanthi Rexaline

November 20, 2023 | 2:35 pm