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Stock Prices

CVX

TD Cowen analyst Jason Gabelman downgraded Chevron (NYSE:CVX) from Outperform to Market Perform and reduced the price target from $170 to $150.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 11:40 am

ADM

AGRI

ELAB

WBUY

The article highlights four consumer staples sector stocks considered oversold based on their Relative Strength Index (RSI) values, suggesting potential buying opportunities. Archer-Daniels-Midland Company (ADM) is dealing with internal changes and a significant stock price drop. Webuy Global Ltd (WBUY) announced a strategic collaboration with Ohmyhome. AgriFORCE Growing Systems Ltd. (AGRI) experienced a stock decline following a filing for a stock offering. Elevai Labs, Inc. (ELAB) entered into a license agreement with INmune Bio, Inc. and saw a substantial share price decrease.

Portfolio Pulse from Avi Kapoor

January 23, 2024 | 11:39 am

MMM

3M shares are trading lower following the release of their Q4 earnings report. Despite reporting better-than-expected earnings per share (EPS) for Q4, the company's forecast for FY24 adjusted EPS fell short of analysts' estimates, leading to a negative reaction in the stock market.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 11:38 am

BILL

Wells Fargo analyst Andrew Bauch has downgraded BILL Holdings (NYSE:BILL) from Overweight to Equal-Weight and reduced the price target from $80 to $75.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 11:36 am

AMD

ARKB

ARKW

NVDA

Cathie Wood's Ark Investment Management sold shares of Nvidia (NVDA) and AMD (AMD) from its Ark Next Generation Internet ETF (ARKW) ahead of Q4 results. The sales generated approximately $2.39 million from NVDA and $4.11 million from AMD. Analysts remain optimistic, with KeyBanc maintaining Overweight ratings and high price targets for both stocks. Ark's sales may indicate profit-taking or a shift towards undervalued AI stocks or its own ARKB ETF.

Portfolio Pulse from Shanthi Rexaline

January 23, 2024 | 11:35 am

FSR

Fisker expects to sell all its remaining 2023 vehicles before the end of Q1 2024, generating significant cash flow. The company is working with over 100 dealers and initial agreements will likely include several U.S. states and Canada. The Dealer Partnership model is anticipated to improve the company's cash conversion cycle by reducing inventory retention time.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 11:34 am

SIRI

Wells Fargo analyst Steven Cahall has downgraded Sirius XM Holdings (SIRI) from Equal-Weight to Underweight and reduced the price target from $5 to $4.5.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 11:34 am

VNTRD

Vertex Energy updated its Q4 2023 outlook, with conventional throughput volumes at 67,000 bpd, slightly below the forecasted 68,000-71,000 bpd. Renewable throughput volumes are expected at 3,900 bpd, at the lower end of the 4,000-6,000 bpd range, and renewable production yield is projected at 96%, slightly below the 97%-98% forecast. The company also reported a 40% decline in average Q4 crack spreads on finished refined products compared to Q3.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 11:33 am

COIN

JP Morgan analyst Kenneth Worthington downgraded Coinbase Global (NASDAQ:COIN) from Neutral to Underweight and set a price target of $80.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 11:32 am

MMM

3M (NYSE:MMM) reported Q4 adjusted earnings per share (EPS) of $2.42, surpassing the consensus estimate of $2.31 by 4.76%. This represents an 11.01% increase from the $2.18 EPS reported in the same quarter last year. However, 3M's quarterly sales of $7.69 billion fell slightly short of the expected $7.70 billion, a marginal miss by 0.09%, and a 4.78% decrease from the $8.08 billion reported in the previous year's comparable quarter.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 11:32 am