Streetbeat News

Stock Prices

ACB

CRON

IGC

KERN

LFLY

MSOS

SPY

TLRY

The Wall Street Journal reports that a cannabis banking measure may win approval in the Senate, according to NBC-TV. This could potentially impact the stocks of several cannabis-related companies and ETFs.

Portfolio Pulse from Charles Gross

September 15, 2023 | 10:53 am

NiSource Inc. plans to remarket its Series C Mandatory Convertible Preferred Stock as part of its 2021 Equity Units offering. The company states that this move aligns with its long-term financial plan.

Portfolio Pulse from Benzinga Newsdesk

September 15, 2023 | 10:43 am

SHAK

Northcoast Research analyst Jim Sanderson has upgraded Shake Shack (NYSE:SHAK) from Neutral to Buy and announced a price target of $85.

Portfolio Pulse from Benzinga Newsdesk

September 15, 2023 | 10:41 am

CCOI

MLAB

TRMB

Insiders at Cogent Communications, Weyerhaeuser, Trimble, and Mesa Laboratories have recently sold shares. This could indicate concern in the company’s prospects or that they view the stock as being overpriced. However, insider sales should not be the only indicator for making an investment or trading decision.

Portfolio Pulse from Lisa Levin

September 15, 2023 | 10:38 am

ARM

CGC

HRYU

HYZN

IOVA

MITK

NKLA

Several stocks including Nikola Corporation, Iovance Biotherapeutics, Hanryu Holdings, Arm Holdings, Mitek Systems, Canopy Growth Corporation, and Hyzon Motors recorded gains in Friday's pre-market trading session. Notable movements include a 15.7% climb for Nikola shares, an 11.3% gain for Iovance following an FDA update, and a 6.5% rise for Arm Holdings after its U.S. stock market debut.

Portfolio Pulse from Lisa Levin

September 15, 2023 | 10:37 am

ARM

Instacart is considering revising its IPO target price upwards to $28 - $30 per share, following the successful IPO debut of Arm Holdings Plc. The company's shares are expected to start trading on the Nasdaq exchange under the ticker 'CART'. If the higher pricing is pursued, Instacart's fully diluted valuation could reach nearly $10 billion. This decision reflects the growing investor appetite for IPOs. The company's revenue grew by 31% to $1.5 billion, with advertising and other businesses contributing to about 24% of this growth.

Portfolio Pulse from Anusuya Lahiri

September 15, 2023 | 10:19 am

TSLA

Future Fund Managing Partner Gary Black expects Tesla's Q3 deliveries to be lower than expected due to a drop in volume estimates and erosion in auto gross margin. He predicts 445,000 units compared to the consensus estimate of 462,000 units. The high level of discounting on existing Model Y inventories is another concern. However, Black remains bullish on Tesla, expecting a reversal in Q4. Tesla shares rose 0.34% in premarket trading.

Portfolio Pulse from Shanthi Rexaline

September 15, 2023 | 10:06 am

CURV

FTCH

PLBY

SRM

UHG

The article lists the top 5 oversold consumer stocks that could potentially rise in September. These include Torrid Holdings Inc. (NYSE:CURV), Farfetch Limited (NYSE:FTCH), SRM Entertainment, Inc. (NASDAQ:SRM), PLBY Group, Inc. (NASDAQ:PLBY), and United Homes Group, Inc. (NASDAQ:UHG). All these stocks have an RSI value below 30, indicating they are oversold and could rebound.

Portfolio Pulse from Lisa Levin

September 15, 2023 | 9:58 am

UBER

SaaS company Deliverect has partnered with Uber Technologies Inc (NYSE:UBER) to help restaurants improve their delivery operations. The partnership will allow restaurants to manage their customers' experience from engagement to delivery. The integration is live in nine markets and aims to enhance customer experience and revenue. Uber Direct allows restaurants to maintain their brand and customer data, and set their own delivery fee pricing. UBER shares closed higher by 0.33% at $48.33 on Thursday.

Portfolio Pulse from Shivani Kumaresan

September 15, 2023 | 9:50 am

AAPL

ASML

NVDA

TSM

Taiwan Semiconductor Manufacturing Co (TSMC) has instructed suppliers to postpone the delivery of high-end chipmaking equipment due to concerns about customer demand. This decision affects companies like ASML Holding N.V., a manufacturer of lithography equipment crucial for high-end chipmaking. TSMC's decision aligns with its efforts to control costs amidst evolving market conditions. The company has also postponed production at its Arizona plant to 2025 due to recruitment difficulties and union opposition. Other players, including Apple, have echoed concerns about the chip industry's demand rebound.

Portfolio Pulse from Anusuya Lahiri

September 15, 2023 | 9:38 am