Streetbeat News

Stock Prices

FIGS

FIGS, a company with strong free cash flow and no debt, has received a $6 per share offer from Story3 Capital to take it private. This offer is seen as undervaluing the company, which has seen its stock drop from over $35 to $6.07 since its IPO.

Portfolio Pulse from

December 16, 2024 | 9:00 am

PTLO

Portillo's, a fast-casual restaurant chain, is expanding rapidly despite declining comparable sales. The company aims to grow from 90 to 920 locations, focusing on the Sunbelt region. The stock has dropped 40.3% YTD, presenting a potential buying opportunity under $10, with an upside to $12.

Portfolio Pulse from

December 16, 2024 | 8:30 am

ALT

Altimmune is entering the obesity and MASH markets with Pemvidutide, a GLP-1/Glucagon dual-agonist drug. The drug offers fat-specific weight loss and muscle preservation with a strong safety profile. Altimmune is positioning Pemvidutide in unique market categories, suggesting the company is undervalued at current share prices.

Portfolio Pulse from

December 16, 2024 | 8:30 am

TSLA

Tesla's stock has surged significantly post-2024 election, driven by Elon Musk's ties with Trump and potential deregulation benefits. Favorable regulatory changes and growth in China could boost Tesla's market performance in 2025, with forecasted delivery growth and strong margins supporting continued momentum.

Portfolio Pulse from

December 16, 2024 | 8:30 am

PLTR

TSLA

Palantir and Tesla have exceeded Wall Street's price targets, prompting analysts to consider raising their targets. Other S&P 500 stocks are also expected to perform well in 2025.

Portfolio Pulse from

December 16, 2024 | 8:15 am

FNGU

The MicroSectors FANG+ Index 3X Leveraged ETN (FNGU) is currently rated a hold due to recent massive gains. Despite strong momentum, its extreme leverage and tracking error make it risky for long-term holding. The reward/risk ratio is insufficient to justify buying FNGU at its current overbought levels.

Portfolio Pulse from

December 16, 2024 | 7:45 am

DVY

The iShares Select Dividend ETF (DVY) has been downgraded to a neutral stance after a strong performance. The ETF, which focuses on high dividend-paying U.S. equities, is heavily weighted in Utilities and Financials sectors. These sectors are believed to be overestimated due to incorrect expectations of Federal Reserve rate cuts.

Portfolio Pulse from

December 16, 2024 | 7:30 am

HAFN

Hafnia Limited has announced a share buyback program to repurchase up to 18 million shares for a total of USD 100 million, running from December 2, 2024, to January 27, 2025.

Portfolio Pulse from

December 16, 2024 | 7:30 am

IHG

InterContinental Hotels Group PLC (NYSE:IHG) announced the repurchase of its own shares on December 13, 2024, through Goldman Sachs International on the London Stock Exchange. This buyback was authorized by shareholders at the company's AGM in May 2024.

Portfolio Pulse from

December 16, 2024 | 7:15 am