Streetbeat News

Products Services

TTWO

The release of the 'Grand Theft Auto VI' trailer has sparked fan speculation about the identity of a bikini-clad character, with many believing she is Lucia, the game's protagonist. Take-Two Interactive Software Inc's (NASDAQ:TTWO) Rockstar Games has not confirmed any details, leading to debates on social media. The game is highly anticipated, with no release date or gameplay specifics yet revealed.

Portfolio Pulse from Franca Quarneti

December 11, 2023 | 7:55 pm

FIVE

TGT

WMT

Telsey Advisory Group (TAG) provided an industry update on Walmart (WMT), Five Below (FIVE), and Target (TGT), rating all three stocks as Outperform with price targets of $185, $220, and $160 respectively. The stores were praised for their festive atmospheres and well-stocked shelves ahead of the holiday season. Walmart's remodeled store in Teterboro, N.J., was highlighted for its holiday cheer and strategic initiatives. Five Below's stores in Clifton and Paramus, N.J., were noted for their value products and new store format, Five Beyond. Target's stores were also holiday-ready with attractive displays and a focus on value offerings, despite concerns about tight consumer spending on discretionary products.

Portfolio Pulse from Surbhi Jain

December 11, 2023 | 7:48 pm

AAPL

META

MSFT

Meta Platforms, Inc's (NASDAQ:META) Instagram Threads is set to launch in the European Union on December 14, after its initial release in the U.S. and U.K. in July. A countdown timer on the Threads website indicates the launch, and users in Europe can find a digital invitation within the Instagram app. The launch details, including which EU countries will have access, are not yet confirmed. The delay in the EU launch is due to regulatory uncertainties, likely related to the EU's Digital Markets Act, which affects companies like Meta, Microsoft Corp (NASDAQ:MSFT), and Apple Inc (NASDAQ:AAPL). META shares dropped by 2.09% to $325.81.

Portfolio Pulse from Anusuya Lahiri

December 11, 2023 | 7:38 pm

ACLX

JNJ

LEGN

Arcellx Inc (NASDAQ:ACLX) reported positive interim Phase 1 results for anito-cel, a treatment for relapsed/refractory multiple myeloma, with a 100% overall response rate and high rates of complete responses. William Blair and Needham analysts have expressed that the results exceed expectations, with Needham raising the price target for ACLX to $65 from $60 and maintaining a Buy rating. Comparisons were made to Johnson & Johnson (NYSE:JNJ)/Legend Biotech (NASDAQ:LEGN) Carvykti's performance in a similar study. Despite the positive data, ACLX shares dropped 8.73% to $51.31.

Portfolio Pulse from Vandana Singh

December 11, 2023 | 7:34 pm

EXPE

Oppenheimer analyst Jed Kelly maintains an Outperform rating on Expedia Group Inc (EXPE) and raises the price target from $135 to $175. Kelly predicts a 10% and 8% year-over-year increase in lodging bookings for FY24 and FY25, respectively. He highlights potential growth from tech migration, re-entering European markets, and advertising leverage. The analyst expects tech efficiencies, AI integration in customer service, and a significant stock repurchase program. He forecasts a 13% EBITDA CAGR from FY23E-FY25E, with 9% revenue growth and expanding gross margins. EXPE shares rose 2.69% to $149.41.

Portfolio Pulse from Shivani Kumaresan

December 11, 2023 | 7:31 pm

AMD

AMZN

GOOG

INTC

MSFT

NVDA

AMD and Amazon are challenging Nvidia and Microsoft in the AI chip market. AMD unveiled new AI chips and raised its market value forecast for AI chips to $400 billion by 2027. Amazon announced new AWS-designed AI chips, aiming to compete with Microsoft's early AI advantage and deepened its partnership with Nvidia by offering access to next-generation H200 Tensor Core GPUs. Both AMD and Amazon are positioning themselves as strong competitors in the AI and cloud computing sectors.

Portfolio Pulse from Upwallstreet

December 11, 2023 | 7:23 pm

NVO

Novo Nordisk A/S (NASDAQ:NVO) stock has gained over 40% YTD. A JAMA study noted weight regain after stopping Eli Lily's obesity drug, similar to Novo Nordisk's semaglutide. Novo Nordisk was named 2023 Company of the Year by Yahoo Finance. Bernie Sanders plans to hold a hearing on GLP-1 medications' costs, including Novo Nordisk's Ozempic. NVO shares are trading below the 50-day MA but near the 52-week high.

Portfolio Pulse from Erica Kollmann

December 11, 2023 | 7:19 pm

CGC

CRLBF

CURLF

FFNTF

TSNDF

The Benzinga Cannabis Capital Conference (CCC) in 2023 showcased visionaries who have shaped the cannabis industry. Leaders from companies like Phyto Partners, Poseidon Investment Management, Cookies, Grön, Timeless Refinery, Fernway, Advanced Vapor Services, Zuber Lawler LLP, Würk, PharmaCann, Custom Cones USA, 4Front Ventures, Oak Canna & Wellness, MATTIO Communications, Curaleaf Holdings, TerrAscend Corp, and Cresco Labs shared insights on innovation, market strategies, and regulatory challenges. The CCC will return to Florida in 2024, with tickets available at bzcannabis.com. Notable mentions include Martha Stewart's CBD gummy line with Canopy Growth Corp (CGC) and Alexa Alianiello's role in launching cannabis advertising on Twitter.

Portfolio Pulse from Abbey

December 11, 2023 | 6:57 pm

FXI

NVDA

SPY

U.S. Commerce Secretary Raimondo stated that Nvidia is allowed and expected to sell AI chips to China for commercial purposes. The Commerce Department is in talks with Nvidia regarding AI chip sales to China, emphasizing that Nvidia aims to act responsibly.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 6:53 pm

Sea's stock is trading lower due to reports that TikTok is acquiring a controlling stake in GoTo Gojek Tokopedia's e-commerce subsidiary, potentially increasing competition for Sea.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 6:50 pm