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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

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo provides daily premarket analysis and trade strategies for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA. The analysis includes proprietary support and resistance levels based on price, volume, and options flow. The memo suggests monitoring these stocks for potential breakouts or reversals and adjusting strategies according to market conditions. Additionally, the memo highlights the importance of trading with discipline ahead of the Thanksgiving holiday and mentions unemployment data releases. RIPS, a pro trader, curates the Morning Memo and offers insights and mentorship to Market Clubhouse members.

Portfolio Pulse from RIPS

November 22, 2023 | 4:38 pm

GNENF

LAAC

LAC

Lithium Americas (Argentina) Corp (NYSE:LAAC) is gaining attention as a strategic investment in the lithium sector following its split from Lithium Americas Corp. (NYSE:LAC). LAAC's Caucharí-Olaroz project is near completion, with 95% of capital deployed, and is expected to start generating revenue by mid-2023. In contrast, LAC faces high-interest rates and won't start production at Thacker Pass until 2026. LAAC's first quarterly report post-split showed a net income of $6.6 million, indicating financial resilience despite a recent drop in lithium carbonate prices. The company's partnership with China's Ganfeng Lithium Group (OTCPK:GNENF) adds geopolitical complexity.

Portfolio Pulse from Surbhi Jain

November 22, 2023 | 4:21 pm

Boeing has received Type Inspection Authorization (TIA) from the Federal Aviation Administration (FAA) for the 737 Max 10, allowing it to begin certification flight tests. This marks a significant step in Boeing's recovery process following the global grounding of the 737 MAX fleet.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 4:20 pm

GXO

GXO Logistics Inc (NYSE:GXO) has announced the extension of its partnership with Avon, a health and beauty company. The partnership, which has been in place for approximately 15 years, involves GXO managing a site in Garwolin that supports Avon's largest factory in Europe. This site facilitates the distribution of Avon's products to over 50 countries across Europe, Africa, and Asia. GXO provides warehousing, co-packing, value-added services, and manufacturing support, helping Avon adapt to new regulations and market changes. Financial terms of the agreement were not disclosed. GXO's stock saw a slight increase of 0.40% to $56.91.

Portfolio Pulse from Shivani Kumaresan

November 22, 2023 | 4:01 pm

CNSP

CNS Pharmaceuticals' stock price has increased following the release of updated safety data from its ongoing study of Berubicin before the interim efficacy analysis. The positive safety profile is likely to be well-received by investors and could positively influence the stock in the short term.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 4:00 pm