Streetbeat News

Stock Prices

GFS

GLOBALFOUNDRIES Inc. (NASDAQ:GFS) stock price decreased by 0.80% to $58.16 in the current market session. Despite this, the stock has risen by 3.09% over the past month and 6.24% over the past year. The company's P/E ratio of 23.09 is lower than the industry average of 108.43, suggesting it may be undervalued or may have weaker growth prospects compared to its peers in the Semiconductors & Semiconductor Equipment industry.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 7:45 pm

EFSH

1847 Holdings' shares (EFSH) experienced a trading halt due to a circuit breaker after a sharp price movement. The stock, which had previously surged, was halted again when it moved to the downside but is still up 125.5%.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 7:35 pm

BABA

BIDU

NVDA

TCEHY

Nvidia Corp (NVDA) is experiencing increased demand from Chinese companies for its GPUs, despite U.S. sanctions leading to the development of slower chip variants for China. L&A Design's purchase of Nvidia server units caused a 20% stock price increase, highlighting the trend of Chinese firms seeking Nvidia technology for AI development. Big tech firms like Tencent (TCEHY), Baidu (BIDU), and Alibaba (BABA) are major customers. Nvidia is set to unveil new AI and consumer technologies at the CES trade show, including partnerships with various tech and automotive companies. NVDA shares were down 0.47% at last check.

Portfolio Pulse from Anusuya Lahiri

December 20, 2023 | 7:34 pm

UNH

UnitedHealth Group (NYSE:UNH) has delivered an average annual return of 22.04% over the past 15 years, outperforming the market by 10.07% on an annualized basis. A $100 investment in UNH 15 years ago would be worth $2,010.31 today. The company's current market capitalization stands at $482.53 billion.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 7:30 pm

MAR

Marriott Intl (NASDAQ:MAR) has delivered an average annual return of 18.01% over the past 15 years, outperforming the market by 6.04% annually. A $100 investment in MAR 15 years ago would be worth $1,200.34 today. Marriott Intl currently has a market cap of $65.02 billion.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 7:30 pm

MOS

Mosaic shares have declined following the announcement of their revenue and sales volumes for October and November 2023, which suggests that the figures may have fallen short of market expectations.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 7:24 pm

AGRI

BLUE

CCO

GIS

KULR

PRZO

SCS

The S&P 500 slightly declined while the Dow and NASDAQ saw marginal gains. General Mills (GIS) reported lower than expected Q2 sales and reduced its annual sales forecast, causing concern. Steelcase (SCS) experienced a share price surge after reporting strong Q3 earnings, despite missing sales estimates. ParaZero Technologies (PRZO) saw its shares skyrocket following the announcement of a successful safety solution for a major automotive manufacturer's drone program. Clear Channel Outdoor (CCO) gained after appointing a new CFO and reaffirming FY23 guidance. Conversely, bluebird bio (BLUE), KULR Technology Group (KULR), and AgriFORCE Growing Systems (AGRI) saw their shares plummet due to public offerings and stock pricing.

Portfolio Pulse from Avi Kapoor

December 20, 2023 | 7:23 pm

EFSH

Shares of 1847 Holdings were halted due to a circuit breaker after surging 121.6%.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 7:22 pm

Brian Deese, a Biden campaign adviser, has expressed concerns about Nippon Steel Corporation's proposed acquisition of United States Steel Corporation. Deese, who previously led the White House National Economic Council, suggested that the Biden administration should scrutinize the deal. His comments were made in a personal capacity, and the official stance of the White House remains cautious, with only a potential regulatory review indicated. The deal has also faced opposition from U.S. legislators and the United Steelworkers union. Shares of United States Steel Corporation (X) were trading lower by 0.82% at last check.

Portfolio Pulse from Nabaparna Bhattacharya

December 20, 2023 | 7:22 pm

HYLN

Hyliion Holdings Corp. (HYLN) announced a $20 million stock repurchase plan, leading to an increase in its share price.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 7:20 pm