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NVDA

NVIDIA Corporation (NASDAQ:NVDA) has seen its shares rise significantly in 2023, driven by growing interest in AI. Analysts from Goldman Sachs, Piper Sandler, Morgan Stanley, Oppenheimer, and Needham have reacted positively to NVIDIA's Q3 earnings and forward guidance, with increased price targets and ratings ranging from Buy to Overweight. The Data Center segment's strong performance and the company's position in AI were key highlights, despite concerns about China's restrictions. NVDA shares were down 2.1% post-earnings.

Portfolio Pulse from Chris Katje

November 22, 2023 | 6:15 pm

ARGX

DNTH

SNY

Wedbush initiated coverage on Dianthus Therapeutics Inc (DNTH) with an Outperform rating and a price target of $23, citing the potential of its lead program DNTH103, a monoclonal antibody targeting the complement C1s protein. DNTH103 is advancing in Phase 2 studies, with Phase 1 data showing a meaningful extension of half-life. The generalized myasthenia gravis (gMG) opportunity is highlighted as most attractive. The article also mentions Argenx SE (ARGX) and Sanofi SA (SNY) in the context of supporting the complement-inhibition approach in CIDP. The complement inhibition field is active with three acquisitions in the last three years, indicating a high interest in this therapeutic area. DNTH shares were up 1.14% at $11.50.

Portfolio Pulse from Vandana Singh

November 22, 2023 | 6:12 pm

TXT

Textron Aviation, a Textron Inc. (NYSE:TXT) company, has announced an agreement with BAA Training for the purchase of 48 Cessna Skyhawk aircraft, to be delivered in 2026. The deal, signed at the Dubai Airshow, will expand BAA Training's fleet and enhance the flight training process. The Cessna Skyhawk is known for its stable flight characteristics and reliability, making it a popular training aircraft. BAA Training aims to increase its student capacity to 500-1000 per year, and the new aircraft will support this growth.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 6:08 pm

ETHUSD

On Tuesday, 8,320.17 Ether (ETH) valued at approximately $16.9 million was burned, permanently removing it from circulation. This is a result of the EIP-1159 upgrade implemented on August 5th, 2021, which introduced a variable base fee for transactions that is burned. The current issuance rate of new Ether is 4% annually, expected to drop to 0.5-1% with the Ethereum 2.0 upgrade, potentially making ETH a deflationary currency. The net annualized issuance rate for Ether was -9.74% yesterday, according to Glassnode.

Portfolio Pulse from Benzinga Insights

November 22, 2023 | 6:00 pm

CRBU

Caribou Biosciences, Inc. has received FDA Orphan Drug Designation for its allogeneic CAR-T cells engineered to target B Cell Maturation Antigen (BCMA) for the treatment of multiple myeloma. This designation is granted to drugs that are intended for the treatment of rare diseases, providing benefits like tax credits, market exclusivity, and assistance with clinical research.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 5:58 pm

BIDU

Baidu Inc (NASDAQ:BIDU) shares rose after reporting strong Q3 results and starting monetization of its AI chatbot, Ernie. Mizuho Securities analyst James Lee maintains a Buy rating and a $140 price target. Despite macro headwinds, Baidu's operating income exceeded expectations due to improved Cloud profitability and cost management. The company's Ernie 4 chatbot, comparable to GPT4, has begun generating revenue shortly after launching a subscription plan. Lee expresses increased confidence in Baidu's FY25 Core EBITDA projections.

Portfolio Pulse from Priya Nigam

November 22, 2023 | 5:50 pm

RYAAY

RYAOF

UAL

The FAA has approved Boeing Co (BA) to begin flight tests on its 737 MAX 10 aircraft, a crucial step for the jet's commercial readiness. Deliveries are scheduled for next year. United Airlines (UAL) and Ryanair (RYAAY, RYAOF), among others, have placed orders. Boeing has faced delays with the 737 MAX series and awaits certification for other models. BA shares rose 1.07% to $220.61.

Portfolio Pulse from Vandana Singh

November 22, 2023 | 5:33 pm

VFS

Wedbush analyst Daniel Ives initiated coverage on VinFast Auto Ltd. (NASDAQ:VFS) with an Outperform rating and a $12 price target. The report praises VinFast's global strategy, its new EV factory in North Carolina, and its advanced production facility in Vietnam. VinFast's stock has risen nearly 20% over the last month and is up 7% at the time of publication.

Portfolio Pulse from Erica Kollmann

November 22, 2023 | 5:08 pm

AMT

BRSP

CSGP

NREF

ORC

PLD

REM

TLT

XLRE

U.S. mortgage applications have increased by 3%, the largest weekly rise in two months, coinciding with a drop in the average contract interest rate for 30-year fixed-rate mortgages to 7.41%. The decline in mortgage rates is attributed to a reduction in U.S. bond yields, which also saw the 30-year Treasury bond yield fall to 4.53%. The iShares 20+ Year Treasury Bond ETF (TLT) has seen a 10% rally over the past month. Morgan Stanley predicts a 3% drop in home prices by the end of 2024 due to improving affordability. Real estate stocks and ETFs like XLRE, PLD, AMT, CSGP, and REM, as well as companies like NREF, BRSP, and ORC, have shown positive market reactions following the news.

Portfolio Pulse from Piero Cingari

November 22, 2023 | 5:04 pm

AAPL

GOOGL