Streetbeat News

Stock Prices

PTON

Macquarie analyst Paul Golding has downgraded Peloton Interactive (NASDAQ:PTON) from Outperform to Neutral and set a new price target of $7.

Portfolio Pulse from richadhand@benzinga.com

August 30, 2023 | 9:50 am

CAE

ERJ

Embraer SA (ERJ) and CAE Inc (CAE) have expanded their joint venture deal for pilot and cabin crew training for the E-Jet E2 family of commercial aircraft. The companies plan to launch a new pilot training program and deploy an E-Jet E2 full-flight simulator in Singapore by December 2023. This comes after ERJ reported a 27% Y/Y increase in Q2 FY23 revenue, beating consensus estimates.

Portfolio Pulse from Lekha Gupta

August 30, 2023 | 9:40 am

AAPL

AXP

BAC

BRK

CVX

Warren Buffett, the CEO of Berkshire Hathaway, Inc. (NYSE:BRK), turned 93. Berkshire's top five equity investments at the end of Q2 2022 were Apple, Inc. (NASDAQ:AAPL), Bank of America Corp (NYSE:BAC), American Express Co. (NYSE:AXP), Coca-Cola Co. (NYSE:KO), and Chevron Corp. (NYSE:CVX). A hypothetical equal-weighted investment of $1,000 in these companies at the end of 2022 would have returned 4.5% over six months, compared to the S&P 500's 17.14% return.

Portfolio Pulse from Shanthi Rexaline

August 30, 2023 | 9:23 am

CIB

Itau BBA analyst Jorge Perez has downgraded BanColombia (NYSE:CIB) from Outperform to Market Perform and set a price target of $33.

Portfolio Pulse from richadhand@benzinga.com

August 30, 2023 | 9:16 am

CNC

Morgan Stanley analyst Ricky Goldwasser has downgraded Centene (NYSE:CNC) from Overweight to Equal-Weight and lowered the price target from $94 to $73.

Portfolio Pulse from richadhand@benzinga.com

August 30, 2023 | 9:02 am

TXN

Bernstein analyst Stacy Rasgon has downgraded Texas Instruments (NASDAQ:TXN) from Market Perform to Underperform and set a price target of $145.

Portfolio Pulse from richadhand@benzinga.com

August 30, 2023 | 8:50 am

THRN

TD Cowen analyst Oliver Chen has downgraded Thorne HealthTech (NASDAQ:THRN) from Outperform to Market Perform, while raising the price target from $8 to $10.2.

Portfolio Pulse from richadhand@benzinga.com

August 30, 2023 | 8:30 am

AMBA

BF-B

CRM

HPQ

PDCO

Patterson Companies, HP Inc., Salesforce, Ambarella, and Brown-Forman Corporation are the stocks to watch heading into Wednesday. Patterson Companies and Brown-Forman Corporation are expected to post earnings before the opening bell. HP Inc. reported in-line earnings for Q3 but lowered its full-year forecast. Salesforce is expected to release its earnings after the market closes. Ambarella posted upbeat Q2 earnings and sales but issued a weak sales outlook for the current quarter.

Portfolio Pulse from Lisa Levin

August 30, 2023 | 8:07 am

BTCUSD

COIN

ETHUSD

Rep. Warren Davidson criticized SEC head Gary Gensler for his actions against the cryptocurrency industry, following a court ruling in favor of Grayscale's application to convert the Grayscale Bitcoin Trust into an ETF. The ruling had a significant impact on the crypto market, with Bitcoin, Ethereum, and other altcoins surging. Coinbase Global Inc, listed as a custodian partner in multiple spot bitcoin ETF applications, saw its shares rise by over 14% after the decision.

Portfolio Pulse from Mehab Qureshi

August 30, 2023 | 7:54 am

NVDA

TSLA

Tesla has activated a 10,000-unit Nvidia H100 GPU cluster to accelerate the training of its full self-driving technology. Elon Musk revealed that the H100 is approximately three times faster than the A100 in Tesla's tests. This move aligns with Tesla's focus on enhancing its AI capabilities. Tesla's in-house supercomputer, Dojo, combined with Nvidia chips, aims to achieve advanced computational capabilities. Nvidia is reportedly planning to triple the production of its H100 AI processor for 2024.

Portfolio Pulse from Shanthi Rexaline

August 30, 2023 | 7:46 am