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Marketing

BBY

QCOM

SSNLF

Best Buy Co Inc. (NYSE:BBY) is offering a $800 discount on the Samsung Galaxy Z Fold 5, bringing the price down to $1,000. Samsung Electronics Co Ltd. (OTCPK: SSNLF) has its latest flagship foldable smartphone available in a 12GB RAM and 256GB storage configuration, specifically in cream color. An additional $435 trade-in discount can reduce the price further to $565. The device features a Snapdragon 8 Gen 2 chipset from Qualcomm Inc. (NASDAQ:QCOM), a 7.6-inch main display, multiple cameras, and supports both wired and wireless charging.

Portfolio Pulse from Rounak Jain

November 28, 2023 | 5:39 am

TSLA

Tesla Inc (NASDAQ:TSLA) has made last-minute changes to the timing of its Cybertruck delivery event and briefly increased the reservation fee from $100 to $250 before reverting it, causing confusion among prospective buyers and investors. The event is now scheduled for 2 p.m. CT at Tesla's Gigafactory in Texas, an hour later than previously communicated by Tesla's VP of Investor Relations. Despite the confusion, interest in the Cybertruck remains high with net reservations surpassing two million.

Portfolio Pulse from Anan Ashraf

November 28, 2023 | 4:13 am

NFLX

Netflix Inc (NASDAQ:NFLX) has won the rights to a new comedy film, 'The Fifth Wheel,' starring Kim Kardashian, after a competitive bidding war. Kardashian, who has a significant social media following, will also serve as a producer and be involved in marketing the film. This move by Netflix comes despite former President Donald Trump's past comment calling Kardashian the 'most overrated celebrity.'

Portfolio Pulse from Chris Katje

November 28, 2023 | 12:19 am

SNES

SenesTech, Inc. has launched its EVOLVE Soft Bait fertility control product in select Ace Hardware franchise locations in California. This move represents an expansion of the company's distribution channels for its innovative pest control solution.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 9:02 pm

ANF

Abercrombie & Fitch Co (NYSE:ANF) shares rose 3.1% to $75.59, hitting a new 52-week high, driven by positive retail sales data from Mastercard SpendingPulse. U.S. retail sales on Black Friday increased 2.5% year over year, with e-commerce sales up 8.5%. ANF's performance reflects consumer engagement and brand loyalty, with both online and in-store sales showing stability despite economic uncertainty.

Portfolio Pulse from Henry Khederian

November 27, 2023 | 8:45 pm

RIVN

Rivian has introduced a leasing option for its R1T electric pickup truck in select U.S. states starting from November 27, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 7:33 pm

JWN

Nordstrom Inc (NYSE:JWN) stock is trading higher by 0.90% to $15.21 during Monday's session, likely influenced by positive retail industry performance during Black Friday and Cyber Monday. Mastercard SpendingPulse reported a 2.5% increase in U.S. retail sales and an 8.5% rise in e-commerce sales year over year for Black Friday. The strong sales data during these key shopping events may indicate a healthy consumer spending environment, which could boost investor confidence in retail stocks like Nordstrom.

Portfolio Pulse from Henry Khederian

November 27, 2023 | 7:00 pm

AMZN

ASO

BBWI

BBY

DKS

HIBB

LULU

NKE

TGT

YETI

Analysts provided insights on Black Friday trends, highlighting healthy traffic and discounts. BofA's Justin Post reiterated a Buy rating on Amazon (AMZN) with a $168 target. Academy Sports (ASO) and Dick's Sporting Goods (DKS) saw robust traffic, while YETI (YETI) faced increased competition. Goldman Sachs noted mixed traffic, with Best Buy (BBY), Bath & Body Works (BBWI), and Lululemon (LULU) performing well. Target (TGT) had some out-of-stock items. Morgan Stanley's Alex Straton observed flat to down year-over-year traffic, while Oppenheimer's Brian Nagel was upbeat on athleisure stocks like Nike (NKE). Telsey Advisory Group's Dana Telsey reported a successful Black Friday weekend with well-managed inventories and significant sales.

Portfolio Pulse from Anusuya Lahiri

November 27, 2023 | 6:55 pm

ANF

CROX

ELF

GPS

LULU

SKX

UAA

Retail stocks are up due to Black Friday and Cyber Monday sales events. Mastercard SpendingPulse reported a 2.5% increase in US retail sales and an 8.5% rise in e-commerce sales compared to last year.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 5:54 pm

AMZN

ETSY

E-commerce and internet retail stocks are up following Mastercard SpendingPulse data indicating an 8.5% increase in e-commerce sales on Black Friday. Investors are now anticipating Cyber Monday sales data.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 5:40 pm