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Stock Prices

SOLUSD

Solana's native token, SOL, has seen a 10% price correction, falling to $40 on Nov. 6 after failing to breach the $44.50 mark. This follows a 36.6% rise between Oct. 30 and Nov. 2. Despite recent developments such as the unveiling of Firedancer, a new client designed to boost speed and reduce hardware requirements for validators, and Solana’s network data being made available on Google Cloud BigQuery, challenges remain. Lido Finance announced its withdrawal from the Solana network due to financial unsustainability, and Solana's DApp deposits saw a 30% drop in 30 days. Issues of possible centralization have also surfaced.

Portfolio Pulse from Benzinga Neuro

November 07, 2023 | 10:08 am

ARBUSD

BLURUSD

ETHUSD

OPUSD

Crypto analyst Kaleo predicts a potential rise in the value of Ethereum (ETH) and three other altcoins: Arbitrum (ARB), Optimism (OP), and Blur (BLUR). He suggests that Ethereum could climb to around $2,100 after breaking its diagonal resistance at $1,900. ARB, a scaling solution for Ethereum, may rally up to $1.30 after flipping a key diagonal resistance into support. OP, a layer-2 protocol, is following a similar trajectory to ARB. BLUR, the native token of an NFT marketplace, is in an uptrend following a break through its diagonal resistance.

Portfolio Pulse from Benzinga Neuro

November 07, 2023 | 10:03 am

ACMR

ACM Research reported Q3 earnings of $0.57 per share, beating the analyst consensus estimate of $0.35 by 62.86%. However, the company's quarterly sales of $168.57 million missed the analyst consensus estimate of $173.69 million by 2.95%. This represents a 35.71% increase in earnings and a 26.07% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 10:01 am

BIDU

NVDA

Baidu has reportedly placed an order for AI chips from Huawei, shifting away from Nvidia. The order includes 1,600 of Huawei's Ascend 910 AI chips.

Portfolio Pulse from Charles Gross

November 07, 2023 | 9:47 am

MRTX

Stifel analyst Benjamin Burnett has downgraded Mirati Therapeutics (NASDAQ:MRTX) from Buy to Hold and lowered the price target from $83 to $59.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 9:30 am

RMAX

Morgan Stanley analyst Richard Hill has downgraded RE/MAX Holdings (NYSE:RMAX) from Equal-Weight to Underweight and lowered the price target from $19.5 to $9.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 9:29 am

TSLA

Tesla Inc (NASDAQ:TSLA) is reportedly planning to increase the price of its Model Y variants in the Chinese market. The performance version of the Model Y saw its price increase by 14,000 yuan in late October. The exact timing of the price revision for other Model Y versions is not yet known. Last year, Tesla initiated a price war in China by cutting its EV prices when sales growth began to slow down.

Portfolio Pulse from Anan Ashraf

November 07, 2023 | 8:51 am

KARS

MBGAF

RIVN

Rivian Automotive is set to announce its Q3 results, with analysts expecting a narrower loss of $1.32 per share and a revenue of $1.327 billion, marking a 140% YoY increase. The company's stock has declined by 46.3% over the past year, underperforming the KraneShares Electric Vehicles and Future Mobility Index ETF, which dropped by 20%. Investors will be keen to know whether industry-wide price cuts have impacted Rivian’s gross margins and updates on the company's second-gen EV line-up, R2.

Portfolio Pulse from Shanthi Rexaline

November 07, 2023 | 8:18 am

CNHI

CNH Industrial N.V. (NYSE:CNHI) has announced its decision to delist from Euronext Milan and concentrate its listing on NYSE. The decision was made after a review of trading volumes on both exchanges, which showed that the majority of CNH's stock trading has shifted to NYSE. The company also announced a share buyback program of up to $1 billion.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 7:56 am

UBER

Uber Technologies, Inc. (NYSE:UBER) is expected to report Q3 earnings of 12 cents per share, a significant improvement from a loss of 61 cents per share a year ago. Revenue is projected to be $9.52 billion, up from $8.12 billion in the same period last year. The company recently settled with the New York State Department of Labor to ensure eligible drivers and couriers can receive unemployment benefits. Uber's stock closed at $48.14 on Monday, up 0.8%. Several analysts have given the stock a 'Buy' rating with varying price targets.

Portfolio Pulse from Lisa Levin

November 07, 2023 | 7:40 am