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CNM

Goldman Sachs has maintained a Neutral rating for Core & Main (NYSE:CNM) but raised its price target from $38.00 to $42.00. Core & Main's shares are currently trading down at $37.85, which is a 2.7% decrease over the last 24 hours. The new price target suggests a potential upside of 10.96% from the current share price.

Portfolio Pulse from Benzinga Insights

December 14, 2023 | 5:00 pm

LULU

Lululemon Athletica's (NYSE:LULU) short interest has decreased by 16.43% since the last report, with 4.79 million shares sold short, representing 4.68% of available shares. It would take about 3.94 days to cover all short positions. A decrease in short interest suggests that investors may be becoming more bullish on the stock. Lululemon has a lower short interest compared to its peer group average of 7.78%.

Portfolio Pulse from Benzinga Insights

December 14, 2023 | 5:00 pm

INHD

Inno Holdings shares have resumed trading after a temporary halt. The reason for the halt and the implications for the company's stock performance are not provided in the article.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 4:58 pm

AMZN

F

RIVN

T

TSLA

Rivian Automotive Inc (RIVN) is now able to sell its electric vehicles to customers other than Amazon (AMZN) after their exclusivity deal ended. Rivian announced a new deal with AT&T (T) for electric vans, trucks, and SUVs. Despite increased competition from Tesla (TSLA) and Ford (F), Rivian is seeing demand for its EVs and has raised its 2023 production target to 54,000 units. Ford has cut its F-150 Lightning production forecast, while Tesla has started a price war with its Cybertruck. Rivian reported better-than-expected Q3 revenue, contrasting with Tesla's results.

Portfolio Pulse from Upwallstreet

December 14, 2023 | 4:58 pm

AA

Alcoa shares are trading higher following the announcement that the company has received approval for continued mining operations in Western Australia.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 4:57 pm

DIS

Nelson Peltz, Trian Partners founder and CEO, plans to nominate himself and former Disney CFO Jay Rasulo to Disney's board at the 2024 annual meeting. Trian, owning close to 33 million shares worth $3 billion, is pushing for change citing Disney's underperformance compared to peers. Disney has resisted Peltz's attempts, emphasizing ongoing transformation and board refreshment. The proxy battle continues as Disney's stock has struggled since CEO Bob Iger's return, despite being up 8% YTD.

Portfolio Pulse from Adam Eckert

December 14, 2023 | 4:54 pm

NDAQ

Nasdaq's SVP Brandon Tepper reports a sustained high number of retail traders in the market post-pandemic. The Nasdaq uses data to analyze retail trading activity, with new brokers and tools indicating the segment's strength. Nasdaq is also leveraging AI for business automation and client services, reflecting its commitment to innovation in financial data.

Portfolio Pulse from Chris Katje

December 14, 2023 | 4:50 pm

SDRL

Seadrill Limited (NYSE: SDRL) has announced an organizational change due to the consolidation of its corporate office in Houston, Texas. Executive Vice President and Chief Operating & Technology Officer, Leif Nelson, will not relocate and is leaving the company. Marcel Wieggers has been promoted to Senior Vice President - Operations, reporting to CEO Simon Johnson. Wieggers has been with Seadrill since 2009.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 4:48 pm

WFC

Wells Fargo's stock (WFC) is trading higher following an upgrade from Hold to Buy by Odeon Capital.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 4:48 pm

BCYC

Bicycle Therapeutics' stock is trading lower following the announcement of data updates for their products BT8009, BT7480, and BT5528.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 4:48 pm