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MS

Joe Terranova, a well-known investor, announced live on CNBC that he has purchased shares of Morgan Stanley.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 5:06 pm

MU

Micron Technology, Inc. (NASDAQ:MU) is expected to report a wider loss of 97 cents per share for Q1, compared to a 4 cents loss per share in the previous year. Revenue is projected at $4.64 billion, but Micron has raised its forecast to $4.7 billion due to better supply-demand balance and pricing. Shares rose 0.8% to $82.17. Analysts have updated their ratings and price targets, with most maintaining positive outlooks and raising their price targets.

Portfolio Pulse from Avi Kapoor

December 20, 2023 | 5:01 pm

AGRI

BLUE

CCO

KULR

POL

PRZO

U.S. stocks saw modest gains with the Dow Jones up 0.06%, NASDAQ up 0.23%, and S&P 500 up 0.05%. The U.S. current account deficit narrowed by 7.6% to $200.3 billion in Q3. In stock movements, Polished.com Inc. (POL) surged 65% after a shareholder called for collaborative action, ParaZero Technologies Ltd. (PRZO) jumped 77% following the completion of a safety solution for a major automotive manufacturer's drone program, and Clear Channel Outdoor Holdings, Inc. (CCO) gained 10% after appointing a new CFO and reaffirming FY23 guidance. Conversely, bluebird bio, Inc. (BLUE) plummeted 44% due to a public stock offering, KULR Technology Group, Inc. (KULR) fell 28% after pricing a public stock offering, and AgriFORCE Growing Systems Ltd. (AGRI) dropped 27% following a filing for a stock offering by selling stockholders. Oil prices increased by 1%, while gold saw a slight decline.

Portfolio Pulse from Avi Kapoor

December 20, 2023 | 5:01 pm

RRR

Over the past three months, 6 analysts have provided diverse opinions on Red Rock Resorts (NASDAQ:RRR), with recent ratings showing 4 somewhat bullish and 2 indifferent stances. The average 12-month price target is $50.5, with a high of $55.00 and a low of $46.00, marking a 1.62% decrease in the average target. Analysts from Truist Securities, Morgan Stanley, JP Morgan, and Wells Fargo have adjusted their ratings and price targets, reflecting changes in market dynamics and company performance. Red Rock Resorts, a gaming and management company, faces revenue challenges with a -0.68% decline over 3 months but has strong profitability indicators such as an 8.63% net margin and a 31.81% ROE. However, its high debt-to-equity ratio of 26.86 raises financial leverage concerns.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 5:00 pm

AVDL

Needham has reaffirmed its Buy rating on Avadel Pharmaceuticals (NASDAQ:AVDL) and increased its price target from $19.00 to $20.00. Despite this, AVDL's shares have fallen 1.34% in the last 24 hours to $14.01. The new price target suggests a potential upside of 42.76%. Avadel is a specialty pharmaceutical company focusing on controlled-release products and markets several products in the U.S.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 5:00 pm

CFB

Keefe, Bruyette & Woods has reaffirmed its Outperform rating on CrossFirst Bankshares (NASDAQ:CFB) and increased its price target from $15.00 to $17.00. CrossFirst Bankshares' stock is currently trading at $13.23, and the new price target suggests a potential upside of 28.5%. The company provides various banking and financial services and earns revenue through interest on loans and securities.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 5:00 pm

CNK

Wells Fargo downgraded Cinemark Holdings (CNK) to Underweight from an unspecified previous rating, reducing the price target from $16.00 to $13.00. Following the downgrade, CNK shares dropped 6.1% to $14.02. The new price target suggests a further potential decline of 7.28%. Cinemark operates 518 theaters with 5,847 screens primarily in midsize U.S. cities and suburbs, earning revenue from box office, concessions, advertising, and other streams.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 5:00 pm

DFS

Citigroup has upgraded Discover Financial Services (NYSE:DFS) to a Buy rating with a new price target of $133.00, up from the previous target of $93.00. Discover Financial's shares are currently trading at $110.34, and the new price target suggests a potential upside of 20.54%. Discover operates in direct banking and payment services, issuing cards and providing banking products.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 5:00 pm

APD

Over the past 15 years, Air Products & Chemicals (NYSE:APD) has delivered an average annual return of 13.08%, outperforming the market. A $100 investment in APD 15 years ago would be worth $642.38 today. The company's current market capitalization stands at $60.56 billion.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 5:00 pm

ELV

Elevance Health (NYSE:ELV) has delivered an average annual return of 13.47% over the past 20 years, outperforming the market by 5.94% annually. A $1000 investment in ELV stock 20 years ago would be worth $12,576.47 today. Elevance Health currently has a market cap of $109.26 billion.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 5:00 pm