Streetbeat News

Stock Prices

AWR

Wells Fargo analyst Jonathan Reeder has downgraded American States Water (NYSE:AWR) from Equal-Weight to Underweight and lowered the price target from $94 to $89.

Portfolio Pulse from richadhand@benzinga.com

June 28, 2023 | 9:32 am

PINS

Wells Fargo analyst Ken Gawrelski has upgraded Pinterest (NYSE:PINS) from Equal-Weight to Overweight and raised the price target from $23 to $34.

Portfolio Pulse from richadhand@benzinga.com

June 28, 2023 | 9:30 am

AAPL

Apple Inc. has increased the prices of its iCloud storage services by up to 28% in the UK and several other countries. The price hike affects all three storage tiers – 50GB, 200GB, and 2TB. iCloud+ users will now have to pay more for storage in countries including the UK, UAE, Saudi Arabia, South Africa, Sweden, Turkey, Poland, Romania, and Tanzania.

Portfolio Pulse from Rounak Jain

June 28, 2023 | 9:13 am

MLTX

Moonlake Immunotherapeutics has upsized its underwritten public offering to 8 million shares at $50 per share, raising gross proceeds of $400 million.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 9:02 am

Aurora Mobile has received approval to transfer its listing from the Nasdaq Global Market to the Nasdaq Capital Market. The transfer is expected to be effective from March 1, 2021.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 9:00 am

AVAV

GIS

TOVX

UNF

General Mills, AeroVironment, UniFirst Corporation, Theriva Biologics, and Micron Technology are the stocks to watch on Wednesday. General Mills is expected to report quarterly earnings of $1.06 per share on revenue of $5.17 billion. AeroVironment reported downbeat earnings for its fourth quarter, while sales topped estimates. UniFirst Corporation is expected to have earned $1.79 per share on revenue of $564.18 million. Theriva Biologics received Orphan Drug Designation from the FDA for VCN-01 for the treatment of pancreatic cancer. Micron Technology is expected to post a quarterly loss at $1.57 per share on revenue of $3.67 billion.

Portfolio Pulse from Lisa Levin

June 28, 2023 | 8:12 am

FFIE

PLTR

Faraday Future Intelligent Electric (FFIE) has secured a $90 million funding commitment led by ATW Partner Funds, with participation from Senyun International. The funding will support the production and delivery of Faraday’s luxury electric SUV, the FF 91. The company is also considering a reverse stock split to increase the market price of its class A common stock and reduce the risk of delisting from the Nasdaq Capital Market.

Portfolio Pulse from Anan Ashraf

June 28, 2023 | 7:20 am

ADAUSD

BTCUSD

DOGEUSD

ETHUSD

A Dogecoin wallet that had been inactive for over 9.3 years has reawakened, now holding more than $1.31 million worth of Dogecoin. This coincides with Circle CEO Jeremy Allaire's expectation of significant demand for digital assets, including Dogecoin, Bitcoin, Ethereum, and Cardano, in emerging markets. The wallet owner is speculated to have acquired the tokens shortly after Dogecoin's launch in 2013. At the time of writing, DOGE was trading at $0.065, up 0.67% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

June 28, 2023 | 7:01 am

GIS

UNF

WBA

The CNN Money Fear and Greed index moved to the 'Extreme Greed' zone as U.S. stocks closed higher on Tuesday. Dow Jones recorded gains for the first time in seven days. Walgreens Boots Alliance shares dropped over 9% after the company lowered its full-year profit forecast and reported downbeat quarterly earnings. Investors are awaiting earnings results from General Mills, UniFirst Corporation, and Micron Technology.

Portfolio Pulse from Lisa Levin

June 28, 2023 | 6:32 am

BABA

BIDU

NVDA

TCEHY

The US is considering updating export controls on AI chips to limit China's access to advanced technologies with military applications. This could impact companies like Nvidia Corp. Meanwhile, China is attracting billionaires to participate in the AI race, with companies like Tencent Holdings, Alibaba Group Holding, and Baidu Inc. successfully luring renowned entrepreneurs and engineers. China's AI sector is expected to spend an estimated $15 billion on AI technology this year.

Portfolio Pulse from Ananya Gairola

June 28, 2023 | 5:50 am