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Stock Prices

NCNO

Morgan Stanley analyst James Faucette has downgraded Ncino (NASDAQ:NCNO) from Equal-Weight to Underweight and set a price target of $24.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 9:19 am

ZBRA

Morgan Stanley analyst Meta Marshall has downgraded Zebra Technologies (NASDAQ:ZBRA) from Equal-Weight to Underweight and lowered the price target from $260 to $220.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 9:18 am

RNAZ

Shares of Transcode Therapeutics have surged by 100% in premarket trading.

Portfolio Pulse from Charles Gross

September 20, 2023 | 9:08 am

KIMTF

The upcoming Kia EV4, a subcompact electric crossover, has been spotted during testing in the U.S., leading to speculation that it might replace the electric Soul model. The EV4 is expected to have a starting price below $30,000 and could ride on Hyundai’s E-GMP platform used for all-electric Kia and Hyundai models. More details about the EV4 will be revealed later this year or early 2024.

Portfolio Pulse from Benzinga Neuro

September 20, 2023 | 9:03 am

WPP

Exane BNP Paribas analyst Nicolas Langlet has downgraded WPP (NYSE:WPP) from Outperform to Neutral.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 8:46 am

TIP

Economist Peter Schiff has warned that rising bond yields and energy prices could indicate worsening inflation. He suggested that if 10-year Treasury yields reach 7% and oil prices hit $150, it could be a sign of inflation. The yield on the 10-year Treasury note recently hit 4.372%, the highest since November 2017, due to investor expectations that the Fed might not reverse its rate hikes soon. Crude oil prices have also risen due to supply-side concerns. The iShares TIPS Bond ETF (TIP) ended Tuesday's session down 0.28% at $105.03.

Portfolio Pulse from Shanthi Rexaline

September 20, 2023 | 8:17 am

FDX

GIS

KBH

SCS

SKIL

General Mills, FedEx, Steelcase, Skillsoft, and KB Home are the stocks to watch on Wednesday. General Mills and FedEx are expected to report quarterly earnings, while Steelcase reported better-than-expected Q2 results. Skillsoft announced a 1-for-20 reverse stock split, and KB Home is also expected to post quarterly earnings.

Portfolio Pulse from Lisa Levin

September 20, 2023 | 8:06 am

DIS

FDX

GIS

KBH

The CNN Money Fear and Greed index showed some improvement in overall sentiment among U.S. investors on Tuesday. The Dow Jones closed lower by over 100 points ahead of Federal Reserve interest-rate decision. Housing starts in the U.S. fell 11.3% month-over-month to an annualized rate of 1.283 million in August. The Walt Disney Company (NYSE:DIS) shares fell 3.6% after the company shared plans to double its capital expenditures at its Disney Parks, Experiences and Products segment to $60 billion over the next decade. Investors are awaiting earnings results from FedEx Corporation (NYSE:FDX), General Mills, Inc. (NYSE:GIS) and KB Home (NYSE:KBH).

Portfolio Pulse from Lisa Levin

September 20, 2023 | 7:58 am

KVYO

Klaviyo has priced its initial public offering (IPO) of 19.2 million common shares at $30 per share. The offering includes 11.5 million shares offered by Klaviyo and 7.7 million shares to be sold by existing stockholders. The gross proceeds from the offering are expected to be around $345.2 million, before deductions.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 7:11 am

PR

Permian Resources has priced its secondary public offering of 21.45 million common shares at $13.05 per share.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 6:56 am