最新ニュース SITE Centers (NYSE:SITC) 株価情報

SITE Centers

SITE Centers Corp is a United States-based self-administered and self-managed REIT that operates as a fully integrated real estate company. The company is engaged in the business of owning, leasing, acquiring, redeveloping, developing and managing shopping centers.

SITE Centers Corp

SITC INTL HLDGS CO ORD by SITC International Holdings Company, Ltd.

SITC International Holdings Co Ltd

SITC INTL HLDG UNSP/ADR by SITC International Holdings Company, Ltd.

Former Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) executive Jorge Milburn said on Monday that no autonomous ride providers will be able to compete with the EV giant on cost once it starts deploying autonomous vehicles for ride-hail.
What Happened: &#8220;If Tesla follows a saturation strategy in each market they enter and then squeeze out rivals via price, then the market is theirs to take,&#8221; Milburn said. Milburn was the Global head of growth at Tesla and supervised the company&#8217;s marketing team until<a href="https://www.benzinga.com/news/24/04/38361822/tesla-layoffs-hit-marketing-team-retracts-advertising-push"> it decided to lay off 10% of their global workforce </a>in April last year. 
As per Milburn, Uber Technologies Inc.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) scarcest resource is drivers. Acquiring drivers for a platform is hard and expensive, he noted while adding that drivers tend to choose the ecosystem with the highest revenue or the most saturated platform in a location. However, once you eliminate the need for driers with robotaxis, the scarcity too is removed.
Uber is a marketplace with payments and customer support but owns no physical infrastructure, Milburn said. In contrast, Tesla has experience running physical operations and has service centers, charging partners, body shops, and more, making it easy for the company to figure out the physical operations of a robotaxi fleet. The company also knows to manufacture cars cheaply and at scale, he added.
See Also: <a href="https://www.benzinga.com/general/market-summary/25/02/43614897/auto-slowdown-hits-on-semiconductor-in-q4-q1-outlook-also-dim-ceo-warns-of-persisting-volatility-due-to-the-geopolitical-uncertainty">Auto Slowdown Hits ON Semiconductor In Q4 — Q1 Outlook Also Dim: CEO Warns of &#8216;Persisting Volatility Due To The Geopolitical Uncertainty&#8217;</a>
&#8220;Competing with Tesla on cost will be almost impossible for any entrant, be it a middle-man, like UBER, or a provider like Waymo. Even if you build the infrastructure that Tesla has, you will never be able to amortize it like Tesla,&#8221; he said. 
The only hurdle in Tesla&#8217;s path is the performance of its full self-driving (FSD) technology which faces troubles in sun glare or camera conclusions. While FSD currently requires active driver supervision, Tesla is confident that the software will enable autonomous driving in time, enabling it to run a robotaxi fleet. 
&#8220;There may be some hiccups in the short term with reliability/robustness of their stack, but these will be ironed out in due course. If/when they solve this, then the potential is quite unbound for them dominating in this space,&#8221; the former exec said. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">6/ Conclusion &#8211; If Tesla follows a saturation strategy in each market they enter and then squeeze out rivals via price, then the market is theirs to take. There may be some hiccups in the short term with reliability/robustness of their stack, but these will be ironed out in due…
&mdash; Jorge Milburn (@jorgemilburn) <a href="https://twitter.com/jorgemilburn/status/1889015927360074149?ref_src=twsrc%5Etfw">February 10, 2025</a></blockquote>
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Fund Manager Is Not Convinced: Tesla bull and The Future Fund Managing Partner Gary Black, however, is not convinced.
&#8220;You're not giving UBER credit for its 170M MAUs (monthly active users), which brings UBER's cost per ride way down. TSLA won't have a network anywhere near that large, so it's hard to see how it can have costs equal to UBER if both offer unsupervised autonomy as options on their app,&#8221; Black said. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">1/ Yes, if there are 1M MAUs in a city, the cost per mile to offer rides to is much lower than if there are 10K MAUs. 2/ Not sure why you keep suggesting TSLA will be able to offer a far cheaper price than UBER. Both will be able to offer a driverless option that eliminates the…
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1889064619055906985?ref_src=twsrc%5Etfw">February 10, 2025</a></blockquote>
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Black has previously said that he&nbsp;sees&nbsp;Uber continuing to be the largest ride-hailing player globally in the future if it offers autonomous rides as well.
"Those predicting the imminent demise of Uber would be like predicting Amazon couldn&#8217;t survive once all manufacturers offered their goods directly to consumers, bypassing Amazon. That of course didn&#8217;t happen," <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/43380156/top-fund-manager-says-doubting-ubers-driverless-future-is-like-betting-against-amazon">he added</a>.
Why It Matters: Uber already has partnerships in place with&nbsp;Alphabet Inc‘s Waymo. Waymo is eyeing offering members of the public in Atlanta autonomous rides exclusively through Uber starting later this year. This collaboration will see Uber managing and dispatching a fleet of Waymo&#8217;s fully autonomous, all-electric Jaguar I-PACE vehicles.
Tesla CEO&nbsp;Elon Musk&nbsp;said last month that the company will start testing autonomous ride-hailing service in Texas in June with vehicles deployed with its full self-driving (FSD) driver assistance technology.
Musk has previously said that Tesla&#8217;s robotaxi fleet will function like a&nbsp;<a href="https://www.benzinga.com/news/24/04/38396288/teslas-robotaxi-to-be-called-cybercab-elon-musk-says-self-driving-fleet-will-be-like-combination-of" target="_blank" rel="noreferrer noopener">combination of Airbnb and Uber</a>. While a certain portion of the fleet will be owned by Tesla, individual customers can also add or subtract their vehicles to the robotaxi fleet at will. As for riders, they can summon a car using the Tesla App, Musk said, putting Tesla as a&nbsp;<a href="https://www.benzinga.com/news/24/10/41265000/uber-announces-measures-to-ramp-up-electrification-of-its-fleet-ahead-of-teslas-robotaxi-unveil" target="_blank" rel="noreferrer noopener">competitor to Uber.</a>
Uber CEO&nbsp;Dara Khosrowshahi&nbsp;has previously said that the company would be&nbsp;<a href="https://www.benzinga.com/news/24/08/40299293/uber-ceo-dara-khosrowshahi-doubts-teslas-robotaxi-fleet-management-plans-but-maintains-hope-for-part" target="_blank" rel="noreferrer noopener">interested in working with Tesla's autonomous vehicles</a>&nbsp;as well if the latter is interested.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/02/43616177/tesla-exec-says-performance-variant-seven-seat-interior-on-new-model-y-will-launch-later-this-year">Elon Musk&#8217;s Tesla To Launch Performance Variant Of Refreshed Model Y &#8216;Later This Year&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

News

Tech

TSLA

UBER

Former Exec Sees Tesla Taking Over Uber In Ride Hail With Robotaxis, But This Fund Manager Believes Elon Musk's EV Giant Won't Have A Network As Large

CVNA

Carvana Announced Plans For An Auction And Reconditioning 'Megasite' Integration In Indianapolis

S&amp;P Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPGI#NYSE">SPGI</a>) reported quarterly earnings of $3.77 per share which beat the analyst consensus estimate of $3.48 by 8.33 percent. This is a 20.45 percent increase over earnings of $3.13 per share from the same period last year. The company reported quarterly sales of $3.592 billion which beat the analyst consensus estimate of $3.503 billion by 2.54 percent. This is a 13.96 percent increase over sales of $3.152 billion the same period last year.

Earnings

Earnings Beats

SPGI

S&P Global Q4 2024 Adj. EPS $3.77 Beats $3.48 Estimate, Sales $3.592B Beat $3.503B Estimate

<a target="_blank" href="https://www.benzinga.com/topic/chinese-stocks" rel="noreferrer noopener">U.S.-listed Chinese stocks</a>&nbsp;Alibaba Group Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NASDAQ">BABA</a>),&nbsp;Baidu, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>),&nbsp;JD.com, Inc&nbsp;(NASDAQ:&nbsp;JD),&nbsp;PDD Holdings Inc&nbsp;(NASDAQ:&nbsp;PDD),&nbsp;NIO Inc&nbsp;(NYSE:&nbsp;NIO),&nbsp;Li Auto Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>), and&nbsp;XPeng Inc&nbsp;(NYSE:&nbsp;XPEV) gave up their gains Tuesday after the Trump administration decided to delay the suspension of duty-free entry for packages <a target="_blank" href="https://www.benzinga.com/25/02/43577630/trump-administration-delays-suspension-of-duty-free-imports-from-china-under-de-minimis-rule" rel="noreferrer noopener">valued under $800</a>.
The delay will remain in place until the Commerce Department can establish systems to process and collect tariff revenues efficiently,&nbsp;according to a new executive&nbsp;action announced last Friday.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/02/43493607/chinese-stocks-sink-as-trump-eyes-more-tariffs-and-tougher-trade-restrictions" rel="noreferrer noopener">Chinese Stocks Slide As Trump Eyes More Tariffs And Tougher Trade Restrictions</a>
This decision affects Chinese e-commerce platforms like Shein, Temu, and Aliexpress, as well as U.S. retailers such as&nbsp;Amazon.com Inc.,&nbsp;eBay Inc., and&nbsp;Etsy Inc., which ship goods from China.
The de minimis provision was part of a broader announcement by&nbsp;Donald Trump regarding 10% tariffs on Chinese goods, a move that could significantly impact global trade dynamics.
On the flip side, Appaloosa Management&#8217;s David Tepper increased his exposure to China-related stocks and exchange-traded funds (ETFs) last quarter.
Tepper increased his stake in companies, including JD.com, Alibaba Group Holding, and PDD Holdings, in the fourth quarter of 2024 after expressing his conviction in the country in September.
His move followed a rally in Chinese stocks as the government unveiled its stimulus measures to boost the economic slowdown perpetrated by the property sector meltdown.
The intensifying geopolitical tensions between the U.S. and China also gained steam as the Western counterpart imposed artificial technology sanctions on the Asian counterpart, restricting its access to advanced semiconductor technology.
SCMP <a target="_blank" href="https://www.scmp.com/business/china-business/article/3298197/billionaire-investor-david-tepper-boosts-china-bet-37-his-firms-portfolio" rel="noreferrer noopener">cited</a> regulatory filings indicating that Appaloosa raised its exposure to JD.com by 43%, Alibaba by 18%, Baidu by 7%, KE Holdings by 18%, and PDD by 1%. Appaloosa also increased its stake in KraneShares Trust KraneShares CSI China Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KWEB#NYSE">KWEB</a>) by 21.5% and iShares China Large-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXI#NYSE">FXI</a>) by 14%.
China-linked stocks and ETFs accounted for about 37% of Tepper&#8217;s portfolio at the end of December as per SCMP.
Meanwhile, DeepSeek&#8217;s emergence as a low-cost AI model triggered a U.S. tech selloff, with Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) losing <a target="_blank" href="https://www.benzinga.com/25/01/43390988/deepseek-and-nvidia-under-us-investigation-ai-market-shakeup-wipes-out-1-trillion-in-tech-value" rel="noreferrer noopener">$600 billion in</a> market value in a single day.
Last week, Deutsche Bank compared DeepSeek&#8217;s emergence to the Soviet Union&#8217;s launch of the world&#8217;s first artificial satellite in 1957, flagging the Chinese AI startup as a &#8220;Sputnik moment.&#8221;
Alex Stauffacher of Vontobel told the SCMP that he expects China&#8217;s strides in AI to lead to the market diversifying their portfolios beyond U.S.-centric stocks.
David Chao of Invesco told the SCMP how Chinese equities, especially technology companies, were priced at a discount to their American counterparts.
Meanwhile, Alibaba&#8217;s affordable Qwen AI models have gained traction, with its latest clients being Stanford, Berkeley, and SCMP <a target="_blank" href="https://www.scmp.com/tech/big-tech/article/3298073/alibabas-qwen-ai-models-enable-low-cost-deepseek-alternatives-stanford-berkeley" rel="noreferrer noopener">reports</a>. E-commerce juggernaut Alibaba is considered the tech barometer of China.
In January, AI researcher Steven Hoi Chu-hong joined Alibaba&#8217;s Intelligent Information Platform unit based in Singapore as vice president.
Hoi will lead research and development of multimodal foundation models, agent-related studies, and applied solutions for consumer-facing AI businesses, SCMP <a target="_blank" href="https://www.scmp.com/tech/big-tech/article/3297642/alibaba-bolsters-consumer-ai-team-expert-steven-hoi-amid-race-top-tech-talent" rel="noreferrer noopener">cited</a> Jiemian.
Alibaba&nbsp;has split its AI operations into two divisions, focusing on consumer applications and fundamental AI models and tools for enterprises and developers.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/25/02/43592322/on-semiconductor-q4-earnings-q4-revenue-drops-15-weak-demand-in-auto-and-industrial-sectors-lower-utilization-hits-margins-ceo-warns-of-continued-challenges-in-2025" target="_blank" rel="noreferrer noopener">ON Semiconductor: Q4 Revenue Drops 15%, Weak Demand In Auto, Industrial Sectors, Low Utilization Hits Margins, CEO Warns Of 2025 Challenges</a></li>
</ul>
Photo by Tatiana Popova and rawf8 via Shuttterstock

Emerging Markets

Media

BABA

BIDU

KWEB

NVDA

DeepSeek Impact? Billionaire David Tepper Bets Big on China, Increases Stakes in Alibaba, JD.com, And PDD

Needham analyst Joseph Stringer reiterates Vaxcyte (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCVX#NASDAQ">PCVX</a>) with a Buy and maintains $14 price target.

Price Target

Reiteration

Analyst Ratings

PCVX

Needham Reiterates Buy on Vaxcyte, Maintains $14 Price Target

Citigroup analyst David Lebowitz maintains Incyte (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INCY#NASDAQ">INCY</a>) with a Buy and lowers the price target from $97 to $88.

INCY

Citigroup Maintains Buy on Incyte, Lowers Price Target to $88

Ecarx Holdings Announced That The First Intelligent Cockpit Jointly Developed Under Its Strategic Partnership With FAW Group Co., Ltd., China's Leading Automaker, Will Debut In The Hongqi Tiangong 05 All-electric Sedan, Which Has Been Launched In January

Diversified Energy Expects 2024 Adjusted EBITDA  Of $470M - $475M, Adjusted Free Cash Flow Of $210M - $215M

CEVA

Ceva Announced That Listenai Technology (Listenai), A Pioneering Leader In Intelligent Terminal System-on-chip (Soc) Solutions, Has Licensed The Ceva-waves Wi-fi 6 Ip To Enhance Its Portfolio Of Edge Ai Processors

Needham analyst Ryan Koontz maintains Harmonic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLIT#NASDAQ">HLIT</a>) with a Buy and lowers the price target from $18 to $14.

HLIT

Needham Maintains Buy on Harmonic, Lowers Price Target to $14

General

SUUN

SolarBank Intends To Develop Two Ground-Mount Community Solar Projects Across Brownfield Sites Located In Skaneateles, New York

Citigroup analyst Jon Tower maintains McDonald's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>) with a Buy and raises the price target from $336 to $360.

Citigroup Maintains Buy on McDonald's, Raises Price Target to $360

WIIM

SHOP

Shopify shares are trading lower following Q4 financial results.

XCharge North America Announced Its Partnership With The Orlando Utilities Commission To Install XCharge NA's Net Zero Series (NZS) Charger At Their Grid Integration Laboratory (GIL) Within The Ouc Gardenia Innovation & Operations Center

FIS shares are trading lower after the company issued FY25 revenue guidance below estimates.

Cummins' Accelera To Supply 100-MW Electrolyzer For BP's Largest Green Hydrogen Project In Germany

HC Wainwright &amp; Co. analyst Robert Burns reiterates ORIC Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORIC#NASDAQ">ORIC</a>) with a Buy and maintains $21 price target.

ORIC

HC Wainwright & Co. Reiterates Buy on ORIC Pharmaceuticals, Maintains $21 Price Target

Inspira Technologies Oxy BHN Ltd Ordinary Shares

IINN

Inspira Technologies shares are trading higher after the company reported initial ex-vivo testing showed significant bacterial reduction potential for its IV dressing technology.

GlobalFoundries shares are trading lower after the company issued Q1 earnings and revenue guidance below estimates.

FFIV

F5 Outlined Its Vision On How Application Delivery Controllers (ADCs) Must Transform To Meet The Extraordinary Demands Of Modern And Ai-powered Applications

The combination of lower demand and higher costs created substantial headwinds for growth and dividend distributions. As a result, many REITs cut or suspended their dividends in 2024.

Many REITs Cut Or Suspended Their Dividends In 2024

4 Of 35 Safe-Buy Dividend Power Dogs In January

Equity REITs end 2024 at a larger discount to NAV estimates

NAV Monitor: U.S. Equity REITs Close 2024 At 12.8% Median Discount

In a report released today, Ronald Kamdem from Morgan Stanley maintained a Hold rating on SITE Centers (SITC – Research Report), with a price targe...

Morgan Stanley Remains a Hold on SITE Centers (SITC)

69 Graham Value All-Stars, Of 20 'Safer' Choices, Buy Any Of 14

In a report released today, Alexander Goldfarb from Piper Sandler maintained a Buy rating on SITE Centers (SITC – Research Report), with a price ta...

Piper Sandler Keeps Their Buy Rating on SITE Centers (SITC)

In a report released today, Dori Kesten from Wells Fargo maintained a Hold rating on SITE Centers (SITC – Research Report), with a price target of ...

Wells Fargo Keeps Their Hold Rating on SITE Centers (SITC)

Reports Q4 revenue $68.11M vs. $42.4M last year. "In Q4, we surpassed revenue expectations highlighting our market diversification, and entered 202...

Site Centers reports Q4 EPS 48c vs. 24c last year

CBL & Associates Properties: AFFO May Reach $7.20/Share In 2025

AGNC

BBRE

BWMX

COLB

CPAC

CTRE

DFAR

EPRT

FIBK

FREL

GOGL

HAFN

ILPT

INDS

INSW

JBGS

JFIN

JPRE

KBWY

MORT

NETL

NURE

OBDC

PANL

PGRE

PKST

PPTY

REIT

RIET

RSPR

SBLK

SBRA

SCHH

SITC

SPRE

SRET

SRVR

TRMD

UNIT

USRT

WELL

XLRE

Press Releases

The Ensign Group Set to Join S&P MidCap 400; Curbline Properties & TransMedics Group to Join S&P SmallCap 600

SITE Centers Provides Transaction and Curbline Balance Sheet Update

SITE Centers Announces Completion of Spin-Off of Curbline Properties

Curbline Properties Announces Tax Basis

SITE Centers' Third Quarter 2024 Earnings to be Released Wednesday, October 30, 2024

SITE Centers Reports Third Quarter 2024 Results

SITE Centers Announces Tax Estimate for Curbline Properties Distribution

Markets

KBW Announces Index Rebalancing for Fourth-Quarter 2024

SITE Centers Announces Tax Allocations of 2024 Dividend Distributions

SITE Centers' Fourth Quarter 2024 Earnings to Be Released Thursday, February 27, 2025

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