Streetbeat News

Stock Prices

STLA

Stellantis NV (NYSE:STLA) has denied allegations by the UAW of failing to keep promises made to workers, including the potential relocation of Dodge Durango production and the non-reopening of the Belvidere plant. The company cites market volatility and industry challenges as reasons for its decisions. Stellantis also reported a significant drop in profits and revenue for the first half of 2024, with a notable decline in U.S. sales.

Portfolio Pulse from Anan Ashraf

September 24, 2024 | 8:27 am

APO

INTC

QCOM

Qualcomm is considering a buyout of Intel, which has seen its shares drop 77% from their 52-week high. Analysts are skeptical about the deal due to Intel's struggling semiconductor unit and potential antitrust issues. Apollo Global Management is also interested in investing in Intel.

Portfolio Pulse from Navdeep Yadav

September 24, 2024 | 8:06 am

AIR

RCAT

The S&P 500 reached a new record high as investor sentiment improved, though the Fear & Greed Index remains in the 'Greed' zone. The S&P 500, Dow, and Nasdaq all posted weekly gains. Investors are anticipating earnings from AAR Corp. and Red Cat Holdings.

Portfolio Pulse from Avi Kapoor

September 24, 2024 | 7:53 am

AIR

AZO

KBH

SNOW

THO

AutoZone, AAR Corp, THOR Industries, Snowflake, and KB Home are stocks to watch as they report earnings or make significant announcements. AutoZone and THOR Industries are set to release earnings, AAR Corp exceeded expectations, Snowflake announced a $2 billion note placement, and KB Home will report earnings post-market.

Portfolio Pulse from Avi Kapoor

September 24, 2024 | 7:18 am

NVA

Nova Minerals Limited has raised $2.15 million through a secondary offering of 430,000 American Depository Shares (ADS) at $5 per ADS. The proceeds will be used for exploration and feasibility studies at the Estelle Gold Project in Alaska.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 7:12 am

BIVI

BioVie Inc. announced a secondary stock offering, raising $3 million by selling 1.96 million shares at $1.53 each. The funds will be used for working capital and general corporate purposes. The offering is expected to close on September 25, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 6:57 am

IVT

InvenTrust Properties Corp. raised $224 million through an upsized secondary stock offering of 8 million shares at $28 per share. The proceeds will be used for acquisitions, debt repayment, and working capital.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 6:54 am

TSLA

Tesla's stock rose nearly 5% amid optimism about third-quarter deliveries, reaching $250. Fund manager Gary Black expressed skepticism about the upcoming Oct. 10 Robotaxi event as a catalyst, citing Tesla's full self-driving technology's current limitations. However, he is optimistic about a potential $25,000-$30,000 compact car launch, which could significantly boost Tesla's market share and stock price.

Portfolio Pulse from Shanthi Rexaline

September 24, 2024 | 6:25 am

TSLA

Tesla is working hard to deploy its full self-driving (FSD) technology on the Cybertruck, as indicated by senior executive Ashok Elluswamy. Despite previous delays, Tesla aims to enhance its FSD software to eventually allow autonomous driving without supervision.

Portfolio Pulse from Anan Ashraf

September 24, 2024 | 6:24 am

LVMHF

LVMUY

Bernard Arnault, CEO of LVMH, has seen his net worth drop by $54 billion due to a 16% decline in LVMH's stock price. This has moved him from the world's richest person to nearly fifth place. The luxury goods market's volatility and LVMH's challenges, including a mere 2% revenue increase and an 8% drop in income, have contributed to this decline.

Portfolio Pulse from Benzinga Neuro

September 24, 2024 | 6:02 am