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HLP

The article briefly mentions that shares of Hongli Group have resumed trading. There is no additional context or information provided regarding the circumstances of the trading resumption or any events related to the company that could have influenced this change.

Portfolio Pulse from Bill Haddad

January 04, 2024 | 6:57 pm

HLP

Shares of Hongli Group were halted due to a circuit breaker being triggered. This mechanism is activated when there are significant moves in a stock's price, either up or down, to allow for a cooling-off period. The article does not specify the direction of the price move or the reasons behind it.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 6:53 pm

MCD

QSR

WEN

YUM

McDonald's Corp (MCD) stock has seen a slight decline after CEO Chris Kempczinski released a letter on LinkedIn discussing potential business headwinds in the Middle East due to the war and associated misinformation. Kempczinski emphasized the local community connections of McDonald's franchises. Other fast-food companies such as Wendy's Co (WEN), Restaurant Brands International Inc (QSR), and Yum! Brands Inc (YUM) also experienced stock movements. McDonald's is set to report quarterly earnings soon, with analysts expecting $2.82 EPS on $6.44 billion revenue.

Portfolio Pulse from Adam Eckert

January 04, 2024 | 6:46 pm

HLP

Shares of Hongli Group were halted due to a circuit breaker being triggered. This mechanism is activated when there is an unusual movement in the stock price, either up or down, to allow for a cooling-off period. The article does not provide details on the direction of the price movement or the reasons behind the volatility.

Portfolio Pulse from Bill Haddad

January 04, 2024 | 6:42 pm

MBLY

Mobileye Global Inc. (MBLY) shares plummeted over 23% after issuing preliminary FY23 financial results and initial 2024 guidance, which were below the previous implied guidance. Wolfe Research analyst Shreyas Patil downgraded the stock from Outperform to Peer Perform. Other stocks experienced significant movement in Thursday's mid-day session, with various companies reporting gains due to positive developments, collaborations, and strategic reviews, while others faced declines due to public offerings, corporate updates, and preliminary financial results.

Portfolio Pulse from Avi Kapoor

January 04, 2024 | 6:37 pm

CSGP

Over the past 15 years, CoStar Group (NASDAQ:CSGP) has delivered an average annual return of 23.8%, outperforming the market by 12.08% on an annualized basis. A $1000 investment in CSGP 15 years ago would be worth $22,841.64 today. CoStar Group's market capitalization currently stands at $33.51 billion.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 6:30 pm

RACE

Over the past 5 years, Ferrari (NYSE:RACE) has delivered an average annual return of 25.36%, outperforming the market by 12.55% on an annualized basis. A $1000 investment in RACE 5 years ago would now be worth $3,217.31. Ferrari's market capitalization currently stands at $60.65 billion.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 6:30 pm

PKX

POSCO Holdings Inc. (NYSE:PKX) stock has risen by 1.11% in the current session to $90.97, with a 3.93% increase over the past month and a 55.14% increase over the past year. The company's P/E ratio of 28.28 is higher than the Metals & Mining industry average of 14.6, which could suggest that the stock is overvalued or expected to perform better than its industry peers.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 6:30 pm

HD

Barclays analyst Seth Sigman upgraded The Home Depot Inc (HD) to Overweight from Equal-Weight and increased the price target to $372 from $325. Sigman is optimistic about Home Depot's exposure to housing and potential strengthening of home prices. He anticipates sales stabilization and EPS growth in 2024, with a return to normal growth in 2025. The forecast includes weak near-term comps but stabilization through 2024, stable gross margins, and SG&A benefits from cost reductions. The FY24 EPS estimate is $15.47, slightly below consensus, with FY25 EPS estimates raised to $16.61, matching consensus. Home Depot shares are trading higher by 0.49% at $339.92.

Portfolio Pulse from Lekha Gupta

January 04, 2024 | 6:29 pm

TSLA

Tesla Inc's (NASDAQ:TSLA) Model Y has reportedly become the bestselling electric vehicle of all time, surpassing the company's own Model 3. Based on fourth-quarter delivery figures, Tesla delivered 484,507 units, including 461,538 Model 3 and Model Y vehicles. Cleantechnica estimates that Tesla has sold 2,493,657 Model Y units since March 2020, overtaking the 2,295,187 Model 3 units delivered. The Model Y's success could make it one of the bestselling vehicles globally in 2023 and has already been reported as the top-selling vehicle in Europe. Tesla shares were trading up 1% at $240.91.

Portfolio Pulse from Chris Katje

January 04, 2024 | 6:27 pm