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Earnings

AMZN

CHWY

Chewy, Inc. (NYSE:CHWY) stock has declined over 9% in the past five days and is trading lower on heavy volume, with over 6.7 million shares traded versus the 100-day average of 6.801 million. Jim Cramer of CNBC suggested that Chewy is bottoming but faces competition from Amazon (NASDAQ:AMZN). CHWY is a popular stock among short-sellers and retail investors, with 24.34% of its shares sold short. Chewy is scheduled to report Q3 financial results on Dec. 6. The stock is currently down nearly 8% at $18.69.

Portfolio Pulse from Erica Kollmann

November 27, 2023 | 5:34 pm

AVGO

VMW

China's approval of Broadcom's acquisition of VMware has sent AVGO stock to new 52-week highs, reaching $999.87. The $61 billion deal is expected to offer 'sizable synergy potential' and be accretive to Broadcom's EPS and gross margins. Broadcom is set to report Q4 earnings on Dec. 7, with the market anticipating insights on the acquisition. KeyBanc analyst John Vinh has raised the price target for AVGO to $1,200 and maintains an overweight rating due to the complementary nature of VMware to Broadcom's portfolio.

Portfolio Pulse from Surbhi Jain

November 27, 2023 | 5:31 pm

SPG

Simon Property Group Inc. (NYSE:SPG) stock rose by 0.41% in the current session, trading at $121.33, and has increased by 10.41% over the past month and 3.29% over the past year. The company's P/E ratio of 17.93 is lower than the Retail REITs industry average of 74.92, which could indicate potential undervaluation or weaker growth prospects.

Portfolio Pulse from Benzinga Insights

November 27, 2023 | 5:00 pm

XENE

Xenon Pharmaceuticals Inc (NASDAQ:XENE) reported positive Phase 2 trial results for XEN1101 in treating major depressive disorder (MDD). The study showed a dose-response and clinically meaningful improvements in several depression scales, though not all results were statistically significant. XEN1101 was well tolerated with similar adverse event rates across treatment groups. XENE shares rose 13.15% to $32.78.

Portfolio Pulse from Vandana Singh

November 27, 2023 | 4:40 pm

RIVN

Rivian Automotive Inc (NASDAQ:RIVN) celebrated the five-year anniversary of its R1T electric truck and R1S SUV unveiling at the LA Auto Show. Initially promising deliveries in 2020, Rivian faced delays and began deliveries in 2021. The company has seen significant growth, delivering 15,564 vehicles in Q3 of the current year. Rivian's vehicles are priced at the higher end, with the R1T at $73,000 and the R1S SUV at $78,000. The company reported Q3 revenue of $1.337 billion and a loss of $1.19 per share, outperforming analyst expectations. Looking forward, Rivian aims for positive gross profit by 2024 and plans to launch the R2 platform in 2026, with unveilings expected in early 2024. The R2 will be more affordable, targeting the $45,000 to $50,000 price range for midsize SUVs, a segment where Tesla Inc. currently dominates.

Portfolio Pulse from Anan Ashraf

November 27, 2023 | 4:22 pm

SHOP

Shopify Inc (NYSE:SHOP) shares rose after reporting a 22% year-on-year increase in Black Friday sales, reaching $4.1 billion. RBC Capital Markets and Oppenheimer maintained Outperform ratings with a price target of $80, while Needham held a Hold rating. Analysts attribute the growth to new merchant wins, e-commerce growth, and market share gains. The sales performance suggests a strong fourth quarter, with clothing, personal care, and jewelry as top categories.

Portfolio Pulse from Priya Nigam

November 27, 2023 | 4:11 pm

AZN

AstraZeneca (NASDAQ:AZN) is evaluated against its competitors in the Pharmaceuticals industry. The analysis includes financial metrics like P/E, P/B, P/S ratios, ROE, EBITDA, gross profit, and revenue growth. AstraZeneca's P/E, P/B, and P/S ratios are below the industry average, suggesting potential undervaluation. However, its ROE, EBITDA, gross profit, and revenue growth are also below the industry average, indicating possible inefficiencies and lower profitability. The company's lower debt-to-equity ratio compared to its top 4 peers suggests a stronger financial position.

Portfolio Pulse from Benzinga Insights

November 27, 2023 | 4:00 pm

AVGO

Broadcom (NASDAQ:AVGO) is analyzed against competitors in the Semiconductors & Semiconductor Equipment industry. With a P/E ratio lower than the industry average, Broadcom may be undervalued based on growth potential. However, its high P/B and P/S ratios suggest possible overvaluation based on book value and sales. The company's ROE is above the industry average, indicating profitability and growth potential, but its EBITDA and gross profit are below the industry average, suggesting lower operational efficiency. Broadcom's revenue growth exceeds the industry average, showing strong sales expansion. The company's higher debt-to-equity ratio compared to top peers indicates higher financial risk.

Portfolio Pulse from Benzinga Insights

November 27, 2023 | 4:00 pm

ANSS

Ansys (NASDAQ:ANSS) is analyzed against its software industry peers, revealing it has a lower P/E, P/B, and higher P/S ratios compared to the industry average. Ansys's ROE, EBITDA, gross profit, and revenue growth are below its peers, indicating potential inefficiencies and weaker profitability. The company's lower debt-to-equity ratio suggests a stronger financial position with less reliance on debt financing.

Portfolio Pulse from Benzinga Insights

November 27, 2023 | 4:00 pm

AFRM

AMZN

RBLX

SHOP

WMT

Adobe's report predicts Cyber Monday sales to reach $12 billion to $12.4 billion, a 5.4% increase over last year. The report highlights a shift towards online shopping, with strong discounts driving consumer spending despite economic concerns. Amazon (AMZN), Walmart (WMT), Affirm Holdings (AFRM), Roblox Corporation (RBLX), and Shopify (SHOP) are identified as potential winners from the e-commerce holiday shopping growth. Affirm's shares rose 13% on Monday, while Shopify's shares increased by 5%, with Shopify merchants recording $4.1 billion in Black Friday sales.

Portfolio Pulse from Chris Katje

November 27, 2023 | 3:55 pm