Straight from Benzinga newsdesk, host Brent Slava brings you the market news and stocks to watch.

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Hosts:

Brent Slava Reach out to Brent at [email protected]

Sr. Reporter, Head of Benzinga Newsdesk

Michael O'Connor Reach out to Michael at [email protected]

Benzinga Strategy Development

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GE ROKU AAPL COIN TSLA 

• General Electric (GE) -
• General Electric completed the spinoff of GE HealthCare (GEHC) and shares began trading on Wednesday morning. The American multinational giant also plans to spin off two more business lines into their own companies with publicly traded shares as well. GE Aerospace and GE Vernova are set to also be separate public companies, dealing with GE's current aviation and energy businesses respectively.
• Roku (ROKU) -
• The company announced on Wednesday that it would be beginning the development of its own line of television sets to add to its existing dongles, software, and streaming technologies.
• Apple (AAPL) -
• Wedbush lowered its price target for Apple from $200 to $175 on Wednesday.
• The stock "remains our favorite tech name" according to Wedbush analysts, but the lowered price target is meant to reflect "a more base case valuation in this uncertain environment as some demand headwinds starts to creep into the Cupertino growth story".
• Coinbase (COIN) -
• Shares dropped 7% pre-market on Thursday following a downgrade by investment bank Cowen (COWN) from outperforming the market to performing in line, citing continued problems in cryptocurrency at large due to the collapse of FTX, but also due to concerning consistent decreases in trading volume over time for COIN.
• The company also reached a $100 million settlement with New York regulators on Wednesday around account opening background checks and improving compliance.
• Tesla (TSLA) -
• Shares of the electric car maker experienced one of the biggest price drops in years for the stock on Tuesday.
• Even with a record breaking 1.3 million cars delivered in the last year, the number represented growth of 40%, against a 50% target that the company had set. However, shares made back some losses on Wednesday.

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