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Stock Prices

TBLT

ToughBuilt Industries Inc has regained compliance with the NASDAQ's minimum bid price requirement, according to a recent SEC filing.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 7:40 pm

AAPL

MASI

A U.S. Appeals Court has ruled that the ban on imports of U.S. Apple Watches will be reinstated on January 18 after a temporary pause. This decision comes after a legal dispute, potentially affecting Apple's ability to import and sell certain models of its smartwatch in the U.S. market.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 7:38 pm

AMGN

Options trading analysis for Amgen (NASDAQ:AMGN) shows a bearish sentiment with 72% of traders leaning bearish and 27% bullish. Unusual trading activity includes 18 trades, with 5 puts worth $623,205 and 13 calls worth $701,852. Price targets are between $250 and $330. The largest trades are bearish puts for January 2025 at a $320 strike price. Amgen, a biotech leader, recently acquired Horizon. AMGN's stock is slightly down with a potential overbought RSI. Analysts from BMO Capital and Daiwa Capital have upgraded Amgen to Outperform and Buy, with price targets of $326 and $320, respectively. Amgen's next earnings report is due in 20 days.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 7:30 pm

F

GM

UBS Global Research analyst Joseph Spak downgraded Ford Motor Company (NYSE:F) to Neutral from Buy, maintaining a $12 price target. Spak cited limited upside to Ford's estimates for 2024 and 2025, noting that General Motors Company (NYSE:GM) may have more earnings upside due to its earlier start with the Ultium platform for EVs. Ford's Gen 2 EVs are not expected until 2025/26, and the company faces a significant labor cost headwind from the new UAW contract. Ford's stock price dropped 2.31% to $11.19.

Portfolio Pulse from Nabaparna Bhattacharya

January 17, 2024 | 7:25 pm

AMZN

Mizuho analyst James Lee predicts a significant expansion for Amazon in cloud and retail sectors, expecting a boom in 2024. He maintains a Buy rating on Amazon (NASDAQ:AMZN) with a price target of $220. Lee foresees accelerated growth for AWS in FY24, with enterprises planning large-scale data migrations to the cloud. He also anticipates retail margin expansion due to delivery network regionalization and new initiatives like inbound delivery decentralization and Buy with Prime. Despite a lower Q4 revenue and EPS projection compared to consensus, Lee expects a 20% revenue growth and margin expansion for Amazon in FY24.

Portfolio Pulse from Anusuya Lahiri

January 17, 2024 | 7:24 pm

CB

JMP Securities analyst Matthew Carletti has reiterated a 'Market Outperform' rating on Chubb Limited (NYSE:CB) and maintained a price target of $250. This endorsement reflects a positive outlook on Chubb's stock performance.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 7:23 pm

SKWD

JMP Securities analyst Matthew Carletti has reaffirmed a Market Outperform rating on Skyward Specialty (NASDAQ:SKWD) and increased the price target from $35 to $38.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 7:22 pm

ALB

GS

SQM

Albemarle Corporation (NYSE:ALB) sold its 4% stake in Liontown Resources after an unsuccessful attempt to take over the company. The sale was managed by JPMorgan, resulting in a drop in Liontown's share price. Albemarle's interest had previously driven Liontown's share price up, but resistance from Gina Rinehart and subsequent withdrawal of the takeover bid led to a significant price drop. Liontown continues to focus on its lithium projects, Kathleen Valley and Buldania, in Western Australia. Goldman Sachs Group (NYSE:GS) and Timothy Rupert Goyder increased their holdings in Liontown, while Albemarle's exit ends speculation of a partnership similar to the one Rinehart arranged with Azure Minerals and SQM (NYSE:SQM).

Portfolio Pulse from Stjepan Kalinic

January 17, 2024 | 7:21 pm

HRTG

JMP Securities analyst Matthew Carletti has maintained a Market Outperform rating on Heritage Insurance Holdings (NYSE:HRTG) and increased the price target from $6 to $7.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 7:17 pm

BFRG

DATS

DWAC

MIMO

PHUN

SCHW

TSP

U.S. stocks fell, with the Dow Jones dropping over 150 points. Charles Schwab (SCHW) reported Q4 earnings with an EPS of 68 cents, beating estimates but with a 19% revenue decline. Airspan Networks (MIMO), Digital World Acquisition Corp. (DWAC), and Bullfrog AI Holdings (BFRG) saw stock price surges due to partnership news and political developments. Conversely, TuSimple Holdings (TSP), Phunware (PHUN), and DatChat (DATS) experienced significant stock price declines due to delisting intentions and pricing of public offerings.

Portfolio Pulse from Avi Kapoor

January 17, 2024 | 7:16 pm