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CYN

GGE

NIR

Green Giant Inc. (GGE) shares plummeted by 37.1% in pre-market trading due to a proposed public offering. Other stocks experienced significant movement in pre-market trading, with notable gainers including NextPlay Technologies (NXTP), Onconova Therapeutics (ONTX), and Macy's (M), which received a $5.8 billion acquisition bid. Losers included Near Intelligence (NIR), which filed for Chapter 11, and Cyngn Inc. (CYN), which announced a $5 million public offering.

Portfolio Pulse from Avi Kapoor

December 11, 2023 | 12:59 pm

BABA

PDD

PDD Holdings (NASDAQ:PDD) is experiencing a surge in stock options activity, with a nearly even split between bullish and bearish bets by investors. Despite recently surpassing Alibaba Group Holding Ltd. (NYSE:BABA) in market value, PDD faces skepticism due to concerns about its pricing sustainability and customer retention, as noted by Morgan Stanley analysts. PDD's revenue growth is acknowledged, but Alibaba's challenges, including leadership changes and delayed spinoff plans, are also affecting the market. Alibaba's ADR stock has declined this year, while PDD's stock has seen a significant increase.

Portfolio Pulse from Pooja Rajkumari

December 11, 2023 | 12:43 pm

NVDA

QCOM

QRVO

SWKS

Huawei Technologies Co. has made significant strides in self-reliance on 5G technology with its Mate 60 Pro smartphone, which now uses radio-frequency chips from domestic suppliers instead of U.S. companies like Skyworks Solutions Inc. (SWKS) and Qorvo Inc. (QRVO). This development is part of China's broader strategy to create an independent chip ecosystem, with Huawei leading the charge as a chip designer and supporter of smaller firms in the supply chain. The move reduces Huawei's reliance on U.S. suppliers such as Qualcomm Inc. (QCOM), and positions Huawei as a strong competitor in the AI chip market, as acknowledged by NVIDIA Corp. (NVDA) CEO Jensen Huang.

Portfolio Pulse from Ananya Gairola

December 11, 2023 | 12:34 pm

AVAH

Aveanna Healthcare has announced the appointment of Matt Buckhalter as CFO, effective January 1, 2024. Buckhalter will also continue in his current role as Principal Financial Officer.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 12:34 pm

CRGE

DUO

GPAK

KRKR

SHEN

The article lists the top 5 oversold tech and telecom stocks with potential for growth in Q4, based on their low RSI values. Charge Enterprises (CRGE) reported increased revenue and gross profit but saw a 28% stock decline. 36Kr Holdings (KRKR) experienced a sales drop and a 7% stock decline. Fangdd Network (DUO) announced a board resignation and a 22% stock decline. Shenandoah Telecommunications (SHEN) posted positive results yet saw a 10% monthly stock decline. Gamer Pakistan (GPAK) announced a share repurchase program but faced a 27% monthly stock decline.

Portfolio Pulse from Avi Kapoor

December 11, 2023 | 12:32 pm

CASY

HUM

LCID

ORCL

PINS

QQQ

SPY

U.S. stocks are expected to start the week with limited momentum as investors await the Federal Reserve's rate-setting meeting and the November inflation report. Last week, stocks saw gains, with the Nasdaq Composite, S&P 500 Index, Dow Industrials, and Russell 2000 all closing positively. Analysts suggest that a 'higher for longer' interest rate scenario may be preferable, as rate cuts often signal an approaching recession. Premarket trading saw slight declines in SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ ETF (QQQ). Stocks in focus include Humana (HUM) and Cigna (CI), which rose after canceling a proposed combination, with Cigna also announcing a stock buyback plan. Lucid Group (LCID) fell after being removed from the Nasdaq 100 Index, while Pinterest (PINS) rose on positive analyst action. Casey’s General Stores (CASY) and Oracle Corp. (ORCL) are set to report earnings.

Portfolio Pulse from Shanthi Rexaline

December 11, 2023 | 12:27 pm

POET

POET Technologies is conducting a non-brokered private placement to raise up to C$5M. The placement involves up to 4.1M units at C$1.22M each, with each unit consisting of one common share and a warrant. The warrant allows the holder to purchase an additional common share at C$1.52 for five years post-issuance.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 12:15 pm

CVGI

Commercial Vehicle Group (CVG) has announced the appointment of James Ray as its new President and CEO, effective December 20, 2023. He will succeed Robert Griffin, who has been serving as Interim CEO and will remain as Chairman of the Board of Directors.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 12:07 pm

Parker Hannifin (NYSE:PH) received 5 bullish analyst ratings in the last quarter with no bearish or neutral ratings. The average price target is $484.2, representing an upside from the current price of $438.63. This target has increased by 7.96% from the previous target of $448.50. Analysts typically review stocks quarterly or after major company updates, considering financials, meetings, and insider information.

Portfolio Pulse from Benzinga Insights

December 11, 2023 | 12:00 pm

NOTE

FiscalNote Holdings, Inc. has formed a strategic commercial partnership with EGT-East, LLC, an affiliate of Era Global Technologies, LLC. This partnership includes Era's investment of up to $7.5 million in FiscalNote for subordinated convertible notes due 2027 and the issuance of up to $3.75 million in FiscalNote's class A common stock to Era by June 2024. Era's Era Catalyst platform will support distribution and sales acceleration for FiscalNote's AI Co-pilot program, aiming to drive AI innovation and growth for FiscalNote in the legal and regulatory sectors.

Portfolio Pulse from Charles Gross

December 11, 2023 | 11:59 am