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ANNX

CLNN

HOOK

KMX

LGVN

PBLA

TGI

U.S. stocks closed higher with the Dow Jones gaining over 100 points. CarMax, Inc. (KMX) shares rose after reporting Q3 earnings that beat estimates with EPS of $0.52, despite a sales decline of 5.5%. Triumph Group (TGI) surged 32% after announcing the sale of its Product Support business to AAR. HOOKIPA Pharma (HOOK) jumped 76% following a $21.25 million equity investment from Gilead Sciences. Annexon (ANNX) gained 21% after reporting positive study results. Conversely, Panbela Therapeutics (PBLA), Clene Inc. (CLNN), and Longeveron (LGVN) saw significant declines in their share prices.

Portfolio Pulse from Avi Kapoor

December 21, 2023 | 7:23 pm

AMD

INTC

NVDA

Analysts are closely watching the AI rivalry between AMD and Nvidia, with AMD seemingly taking the lead in a recent spat over GPU optimizations. Nvidia claims superiority with its H100 GPU, while AMD argues the comparison is unfair. Rosenblatt analyst Hans Mosesmann maintains a 'Buy' rating on both AMD (price target $200) and Nvidia (price target $1,100). Meanwhile, Intel's Meteor Lake laptop launch has received mixed reviews, and the company is rated 'Sell' with a price target of $17. Nvidia's stock has risen over 240% YTD, and AMD's over 115%.

Portfolio Pulse from Anusuya Lahiri

December 21, 2023 | 7:05 pm

UUUU

Energy Fuels Inc. has seen its stock price increase following the announcement that it has started uranium production at three of its permitted and developed mines. Additionally, the company is preparing two more mines for production.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 6:15 pm

PARA

PARAA

WBD

Analysts are divided on the potential merger between Warner Bros. Discovery Inc (WBD) and Paramount Global (PARA, PARAA). Needham analyst Laura Martin sees positives in the merger, citing increased scale, content library, and negotiating leverage, especially in streaming, cable, news, and sports. She believes the merger would receive regulatory approval and has a Hold rating on WBD and a Buy rating with a $15 price target on PARA. Conversely, LightShed Partners analyst Rich Greenfield is skeptical, pointing to the struggles in TV advertising and streaming losses. He suggests that companies should focus on content creation rather than competing in streaming, and has a negative view on the merger's potential success.

Portfolio Pulse from Chris Katje

December 21, 2023 | 6:14 pm

AMZN

Wedbush analyst Scott Devitt has a positive outlook on Amazon.com, Inc. (NASDAQ:AMZN), with an Outperform rating and a raised price target from $180 to $210. Amazon's stock has risen 78% YTD as of Dec. 21, 2023. Devitt expects Amazon to generate $46.5 billion in advertising revenue in 2023 and sees potential for growth in digital advertising. He identifies four key pillars supporting Amazon's advertising opportunities: retail media tailwinds, growth in CTV and video ad formats, off-platform ad sales, and adoption by non-endemic advertisers. Wedbush also forecasts $100B+ in AWS revenue by 2024, $100B+ in free cash flow by 2026, and $100B in advertising revenue by 2028.

Portfolio Pulse from Surbhi Jain

December 21, 2023 | 6:09 pm

MYGN

Piper Sandler initiated coverage on Myriad Genetics Inc (NASDAQ:MYGN) with a Neutral rating and a price target of $23. Myriad, known for pioneering genetic testing, particularly BRCA testing, faced challenges in the 2010s but is now positioned to regain its leadership role in laboratory genetics. The company has seen improvements in its core business and is expected to make competitive advancements in BRCA, oncology, and reproductive health testing. However, pricing pressures and competition in the hereditary cancer sector may pose minor challenges.

Portfolio Pulse from Vandana Singh

December 21, 2023 | 6:05 pm

ETHUSD

On Wednesday, 11,681.83 Ether (ETH) valued at $26.1 million was burned due to the EIP-1159 upgrade implemented on the Ethereum blockchain, which introduced a variable base fee for transactions that is permanently removed from circulation. This has led to a net annualized issuance rate of -15.21% for Ether, indicating a move towards a deflationary currency, especially with the upcoming Ethereum 2.0 upgrade that is expected to further reduce the issuance rate.

Portfolio Pulse from Benzinga Insights

December 21, 2023 | 6:00 pm

NTRA

Natera's stock is up following the announcement of a new study published in Molecular Oncology. The study compares the performance of two metrics for measuring circulating tumor DNA using Natera's Signatera test: mean tumor molecules per milliliter and mean variant allele frequency.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 5:37 pm

BMWYY

MBGAF

VWAGY

BMW aims to deliver over 500,000 EVs in 2024, indicating significant growth. Despite the end of a state-funded EV scheme in Germany, BMW's global plans remain unaffected. The company has also partnered with Mercedes-Benz Group China Ltd to manage a high-speed charging network in China and plans to expand its ChargeForward service in the U.S. Meanwhile, Volkswagen AG plans to stop selling combustion engine cars in Europe by 2035.

Portfolio Pulse from Shivani Kumaresan

December 21, 2023 | 5:29 pm

COIN

Coinbase Global, Inc (NASDAQ:COIN) stock is trading higher after receiving registration from France's AMF as a virtual asset service provider (VASP). This allows Coinbase to offer a range of digital currency services in France, aligning with the EU's upcoming Markets in Crypto Assets (MiCA) regulation. The expansion is seen as strategic amid a tougher U.S. regulatory environment, with the SEC targeting crypto companies. France's tech-forward stance under the 'France 2030' plan and growing crypto adoption make it an attractive market for Coinbase.

Portfolio Pulse from Anusuya Lahiri

December 21, 2023 | 5:23 pm