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DIS

KISS has performed their final concert but will continue to 'tour' using digital avatars created by Industrial Light & Magic, a company owned by The Walt Disney Company (NYSE:DIS). These avatars were showcased at Madison Square Garden and could allow KISS to perform in multiple cities simultaneously. Industrial Light & Magic, known for its work on major film franchises, partnered with Pophouse Entertainment Group for this project, hinting at the future of live performances.

Portfolio Pulse from Chris Katje

December 05, 2023 | 7:28 pm

JNJ

Johnson & Johnson (NYSE:JNJ) anticipates 5%-6% operational sales growth for FY24, with adjusted operational EPS growth of 7.3% at the midpoint ($10.55-$10.75). The guidance includes a $0.15 dilutive impact from the Laminar, Inc. acquisition. JNJ's Innovative Medicine business aims for over 20 novel therapies and 50 product expansions by 2030, forecasting 5%-7% sales growth from 2025-2030. The MedTech business expects one-third of sales from new products by 2027. Strong demand is expected for cancer treatments Darzalex and Carvykti, and psoriasis drug Stelara. JNJ's stock is down 0.25% to $158.49.

Portfolio Pulse from Nabaparna Bhattacharya

December 05, 2023 | 7:12 pm

AAVE

Web3Auth has partnered with Safe to launch SafeAuth, a new service that aims to simplify the use of crypto wallets by using social logins instead of seed phrases. SafeAuth employs Multi-Party Computation for enhanced security and user convenience. It allows users to access over 190 dApps, including Aave, with a single smart account, promoting interoperability within the blockchain ecosystem.

Portfolio Pulse from Murtuza Merchant

December 05, 2023 | 6:52 pm

TTWO

The release of the Grand Theft Auto VI trailer before its scheduled time led to a post-market decline in Take-Two Interactive Software Inc's (NASDAQ:TTWO) shares by approximately 7%. Despite the drop, analysts remain bullish on TTWO's future, with Oppenheimer Analyst Martin Yang giving an Outperform rating and a price target of $170 based on a valuation model. Raymond James analyst Andrew Marok also maintained an Outperform rating, noting a slight delay in GTA VI's release to 2025 but maintaining a positive outlook on the game's potential success. The trailer has garnered significant attention, becoming the second most-viewed video game trailer on YouTube.

Portfolio Pulse from Franca Quarneti

December 05, 2023 | 6:50 pm

TSLA

Tesla Inc. (NASDAQ:TSLA) has seen its stock rise over 10% in the past month, with a recent boost following the delivery event for its new Cybertruck. The event included product demonstrations and was live-streamed on Elon Musk's platform. Wedbush analyst Daniel Ives maintained an Outperform rating and a $310 price target for Tesla. The stock is trending on Yahoo Finance and WallStreetBets and is trading above its 50-day moving average but below its 52-week high.

Portfolio Pulse from Erica Kollmann

December 05, 2023 | 6:47 pm

AMC

CAG

COIN

MCD

Dogecoin (CRYPTO: DOGE), a cryptocurrency that began as a joke, celebrates its 10th anniversary. Created by Jackson Palmer and Billy Markus, Dogecoin was based on the Doge meme and has seen significant returns for early investors. It gained popularity with support from Elon Musk and was added to trading platforms like Coinbase Global (NASDAQ:COIN). Conagra Brands (NYSE:CAG) mentioned Dogecoin in relation to its Slim Jim brand, and AMC Entertainment Holdings (NYSE:AMC) announced it would accept Dogecoin as payment. The future of Dogecoin may involve more retailers accepting it as payment, with McDonald's (NYSE:MCD) being a potential target for Dogecoin investors.

Portfolio Pulse from Chris Katje

December 05, 2023 | 6:23 pm

CLSK

COIN

HIVE

MARA

RIOT

Bitcoin (BTC/USD) soared to $43K on Tuesday, continuing its upward trend after crossing $40,000 over the weekend. The rally is partly driven by expectations of a U.S. SEC approval for a Bitcoin ETF. Crypto-linked stocks like Coinbase (COIN), CleanSpark (CLSK), Marathon Digital Holdings (MARA), Riot Platforms (RIOT), and HIVE Digital Technologies (HIVE) are surging in response. Coinbase's CEO Brian Armstrong highlighted Bitcoin's potential role in strengthening Western civilization and the U.S. dollar.

Portfolio Pulse from Lekha Gupta

December 05, 2023 | 6:22 pm

HOOD

Robinhood's stock (HOOD) is trading higher following the release of favorable monthly customer metrics for November 2023. Additionally, a strong performance in the cryptocurrency sector is believed to be positively influencing the company's share price.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 6:21 pm

XEL

Ford Motor Company's commercial arm, Ford Pro, has partnered with Xcel Energy Inc. to deploy 30,000 EV charging ports across the U.S. by 2030. The initiative, part of Xcel's EVSI program, aims to scale EV adoption and provide charging infrastructure for business fleets. Xcel will cover most upfront costs, while Ford Pro offers charging solutions. The program starts in Colorado and Wisconsin in 2024, with potential expansion to other states. The partnership also includes analyzing telematics data to encourage off-peak charging.

Portfolio Pulse from Nabaparna Bhattacharya

December 05, 2023 | 6:16 pm

ALB

GME

GTLB

HOOD

TLT

US stocks showed weakness on Tuesday, with the S&P 500, Dow Industrials, and Russell 2000 indices closing lower, while the Nasdaq 100 remained flat. Moody's downgrade of China's credit outlook and mixed economic data influenced market sentiment. The dollar and U.S. Treasuries, particularly the iShares 20+ Year Treasury Bond ETF (TLT), gained. Gold and silver prices dropped. Bitcoin surged on rumors of a potential investment by Qatar's sovereign wealth fund. Technology and consumer discretionary sectors outperformed, while materials and energy sectors lagged. Gamestop (GME) and Albemarle Corp. (ALB) stocks fell, while GitLab (GTLB) and Robinhood (HOOD) rose.

Portfolio Pulse from Piero Cingari

December 05, 2023 | 6:15 pm