Streetbeat News

Stock Prices

DEI

HPP

OPI

SLG

VNO

The US commercial real estate industry is facing distress as troubled assets surge to $64 billion in Q1 2023, a 10% rise from the previous quarter. Retail properties and office buildings are the most troubled sectors, with Manhattan being the most active market for distressed asset sales. Five stocks with significant exposure to the commercial real estate market are SL Green Realty Corp. (SLG), Hudson Pacific Properties, Inc. (HPP), Vornado Realty Trust (VNO), Office Properties Income Trust (OPI), and Douglas Emmett Inc (DEI).

Portfolio Pulse from Piero Cingari

June 23, 2023 | 7:17 pm

ACB

CGC

CRON

GRWG

SNDL

TLRY

Cannabis stocks are trading lower following Canopy Growth's worse-than-expected Q4 financial results.

Portfolio Pulse from Bill Haddad

June 23, 2023 | 7:16 pm

CGC

SNDL

SNDL Inc's stock is trading lower by 7.3% due to worse-than-expected Q4 financial results from peer cannabis company Canopy Growth Corporation. Canopy Growth reported losses of 24 cents per share and quarterly sales of $72.61 million, missing analyst estimates.

Portfolio Pulse from Henry Khederian

June 23, 2023 | 7:15 pm

CGC

TLRY

Tilray Brands Inc (TLRY) shares are trading lower by 5% to $1.53, falling in sympathy with peer cannabis stock Canopy Growth Corporation (CGC) after the company reported worse-than-expected Q4 financial results. CGC reported losses of 24 cents per share and quarterly sales of $72.61 million, both missing analyst consensus estimates.

Portfolio Pulse from Henry Khederian

June 23, 2023 | 7:15 pm

ACB

Aurora Cannabis Inc (NASDAQ:ACB) shares are trading lower by 10.5% to $0.55, in sympathy with peer cannabis stock Canopy Growth Corporation after the company reported worse-than-expected Q4 financial results. Canopy Growth's losses were 24 cents per share, missing the analyst consensus estimate of a loss of 15 cents. Quarterly sales were $72.61 million, slightly below the analyst consensus estimate of $73.19 million.

Portfolio Pulse from Henry Khederian

June 23, 2023 | 7:09 pm

XPEV

XPeng Inc's stock (XPEV) is trading lower by 5.97% amid concerns over China's economic recovery. China's central bank recently made rate cuts to stimulate the economy, but easing measures were not as extensive as anticipated due to property market concerns.

Portfolio Pulse from Henry Khederian

June 23, 2023 | 7:08 pm

COCO

Stephens & Co analyst Jim Salera initiated coverage on The Vita Coco Co Inc (NASDAQ:COCO) at Equal-Weight with a price target of $30. Salera is bullish on COCO's leadership in the coconut water category and its asset-light global supply chain. The analyst expects a ~900 bps gross margin expansion in FY23 due to moderating ocean freight costs.

Portfolio Pulse from Lekha Gupta

June 23, 2023 | 7:04 pm

KMX

CarMax, Inc (NYSE:KMX) reported a surprising Q1 fiscal 2024 earnings beat despite a depressed used car market. The company's earnings were $1.16 per share, beating the Street estimate of 79 cents, with revenues of $7.69 billion. However, retail used car revenues fell 14.4% YoY, and the company is bracing for a 'used-vehicle recession'.

Portfolio Pulse from AJ Fabino

June 23, 2023 | 7:03 pm

HRMY

Analysts have provided ratings for Harmony Biosciences (NASDAQ:HRMY) within the last quarter, with an average price target of $64.2, implying an upside from the current price of $35.875. The current average has decreased by 12.05% from the previous average price target of $73.00.

Portfolio Pulse from Benzinga Insights

June 23, 2023 | 7:01 pm

ETRN

Over the past 3 months, 12 analysts have published their opinion on Equitrans Midstream (NYSE:ETRN) stock, with an average 12-month price target of $9.23. The current average has increased by 15.38% from the previous average price target of $8.00.

Portfolio Pulse from Benzinga Insights

June 23, 2023 | 7:01 pm