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Stock Prices

CFG

Citizens Financial Group Inc (CFG) shares dropped after reporting Q4 FY23 earnings with a 10% Y/Y revenue decline to $1.988 billion, missing estimates. Net interest income fell 12% Y/Y, and adjusted net income decreased 38% Y/Y, although adjusted EPS beat estimates. The company announced a quarterly dividend of $0.42 per share and expects to resume share repurchases in Q1 FY24. FY24 outlook anticipates a 6%-9% Y/Y decline in net interest income.

Portfolio Pulse from Lekha Gupta

January 17, 2024 | 1:31 pm

FANG

Diamondback Energy Inc. (NASDAQ:FANG) shares are trading at $150.40 with a recent 0.50% decrease. Over the past month, FANG's stock has dropped by 3.48%, but it has increased by 2.71% over the past year. The company's P/E ratio is lower than the industry average, which could suggest that the stock is undervalued or that shareholders have low growth expectations. Investors are advised to consider the P/E ratio alongside other financial metrics and qualitative analysis for investment decisions.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 1:30 pm

CTBI

Community Trust Bancorp (NASDAQ:CTBI) reported Q4 earnings with an EPS of $1.04, missing estimates by 3.7% against the expected $1.08. Revenue decreased by $1.81 million compared to the same period last year. In the previous quarter, CTBI beat EPS estimates which resulted in a 3.06% share price increase the following day.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 1:25 pm

RCUS

Wedbush analyst Robert Driscoll has reiterated an Outperform rating on Arcus Biosciences (NYSE:RCUS) and maintained a price target of $36. This reaffirmation of the stock's potential could influence investor sentiment and stock performance in the short term.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 1:24 pm

AMPH

BDX

BNTX

LMT

MRNA

PAAS

STWD

Jim Cramer, on CNBC's 'Mad Money Lightning Round,' recommended holding onto Moderna (MRNA) and BioNTech (BNTX), citing their inexplicably low prices and leadership. He suggested Becton, Dickinson (BDX) over Amphastar Pharmaceuticals (AMPH) for stability. Cramer praised Pan American Silver (PAAS) as the top silver company and endorsed Starwood Property Trust (STWD) for its dividend. He was bullish on Lockheed Martin (LMT), simply advising to 'just buy it.' The article also reports recent price actions of these stocks.

Portfolio Pulse from Avi Kapoor

January 17, 2024 | 1:22 pm

SKX

Wedbush analyst Tom Nikic has maintained an Outperform rating on Skechers USA (NYSE:SKX) and increased the price target from $62 to $75, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 1:22 pm

ALLK

ANSS

APLS

BURL

NFLX

SEDG

TWST

WALD

Wall Street analysts have updated their price targets and ratings for several US-listed companies. Keybanc raised Netflix's target to $545, maintaining an Overweight rating. Goldman Sachs increased Twist Bioscience's target to $45 and upgraded it to Buy. Piper Sandler raised Burlington Stores' target to $240 and upgraded to Overweight. UBS increased Visteon's target to $145 and upgraded to Buy. JP Morgan lowered Morgan Stanley's target to $87 and downgraded to Neutral. Rosenblatt raised ANSYS's target to $345 but downgraded to Neutral. Barclays cut SolarEdge's target to $50 and downgraded to Underweight. HC Wainwright raised Apellis Pharmaceuticals' target to $92, maintaining a Buy rating. Telsey Advisory cut Waldencast's target to $12 but kept an Outperform rating. Jefferies slashed Allakos's target to $1.5 and downgraded to Hold.

Portfolio Pulse from Avi Kapoor

January 17, 2024 | 1:19 pm

MAGE

OPK

TGEN

VANI

Insiders are buying shares of penny stocks, indicating potential confidence in these companies. Notable transactions include purchases by insiders of Vivani Medical (VANI), Magellan Gold (MAGE), OPKO Health (OPK), and Tecogen (TGEN). Vivani Medical recently reported a wider-than-expected quarterly loss. Magellan Gold acquired copper-focused properties. OPKO Health priced a private offering of convertible senior notes. Tecogen announced an order for a Tecochill unit from an educational institution in Connecticut.

Portfolio Pulse from Avi Kapoor

January 17, 2024 | 1:19 pm

COKE

NHTC

NOMD

Three consumer staples stocks, Coca-Cola Consolidated, Inc. (COKE), Nomad Foods Limited (NOMD), and Natural Health Trends Corp. (NHTC), are considered overbought based on their RSI values, which may signal a potential short-term decline. COKE, NOMD, and NHTC have seen recent stock gains following positive financial results and raised guidance, but their RSI values suggest they might be due for a pullback.

Portfolio Pulse from Avi Kapoor

January 17, 2024 | 1:19 pm

DATS

MARK

MMAT

PHUN

ROI

SLDP

DatChat, Inc. (NASDAQ:DATS) shares plummeted by approximately 33% in pre-market trading due to the announcement of a proposed underwritten public offering of common stock. Other stocks experienced significant movement in pre-market trading, with some notable gainers including RiskOn International, Inc. (NASDAQ:ROI), Meta Materials Inc. (NASDAQ:MMAT), and Solid Power, Inc. (NASDAQ:SLDP), while losers included Phunware, Inc. (NASDAQ:PHUN) and Remark Holdings, Inc. (NASDAQ:MARK).

Portfolio Pulse from Avi Kapoor

January 17, 2024 | 1:18 pm