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ICG

Intchains reported Q3 sales of $938.00K, a significant decline attributed to the challenging cryptocurrency market. The sales volume of ASIC chips, mainly used in cryptocurrency mining machines, decreased by 70.3%, along with a reduction in their average selling price.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 11:06 pm

NFLX

SONY

Netflix Inc (NASDAQ:NFLX) released the first part of the final season of 'The Crown,' which Prince Harry has admitted to watching in the past. However, he will not watch the new season due to the sensitive nature of the content involving his mother, Princess Diana. The show, co-produced with Sony Group Corp (NYSE:SONY), has been a significant part of Netflix's original content since 2016 and could see strong ratings with its final season, especially following the death of Queen Elizabeth II.

Portfolio Pulse from Chris Katje

November 16, 2023 | 10:57 pm

MRK

The FDA has approved Merck's KEYTRUDA in combination with chemotherapy as a first-line treatment for patients with locally advanced unresectable or metastatic HER2-negative gastric or gastroesophageal junction adenocarcinoma. This approval could enhance Merck's oncology portfolio and potentially increase the drug's market share in cancer treatments.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 10:42 pm

COIN

BitGo CEO Mike Belshe expressed a cautious outlook for Bitcoin ETF approvals, anticipating further rejections due to regulatory concerns. He cited the FTX collapse as a factor causing institutional hesitation and emphasized the need for a clear separation between exchange and custodian roles to meet regulatory standards.

Portfolio Pulse from Murtuza Merchant

November 16, 2023 | 10:09 pm

AMZN

TGT

WMT

Walmart Inc (WMT) exceeded Q3 earnings and revenue estimates but issued cautious holiday guidance, causing shares to drop over 7%. Revenue growth was driven by strong grocery and digital sales, with Walmart U.S. comparable sales up 4.9% YoY. Adjusted EPS was $1.53, above the expected $1.52. Annual guidance was slightly below expectations at $6.40-$6.48 per share. Walmart, Target (TGT), and Home Depot (HD) noted easing inflation, but consumer deal-seeking behavior may impact holiday sales. Walmart competes with Amazon (AMZN) in fast holiday deliveries, with both expanding their fulfillment capabilities.

Portfolio Pulse from Upwallstreet

November 16, 2023 | 9:57 pm

AMZN

DELL

SONY

Dell Technologies Inc is offering a $100 discount on the Sony PSVR2 Horizon Call of the Mountain bundle for Black Friday, priced at $499.99. This exclusive deal at Dell is the only known discount for the PSVR2 bundle. The PSVR2 headset features advanced technology and requires a PS5 console. Additionally, Amazon.com Inc has reduced the price for Gran Turismo 7, which may see further discounts during Black Friday.

Portfolio Pulse from Franca Quarneti

November 16, 2023 | 9:52 pm

CMP

Compass Minerals anticipates a 3% to 5% increase in salt sales volumes for the fiscal year 2024.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 9:38 pm

AAPL

QCOM

Apple Inc. (AAPL) is facing delays in developing its own cellular modem for iPhones, which extends its reliance on Qualcomm Inc. (QCOM) as a supplier. The introduction of Apple's custom modem is now expected to be in late 2025 or early 2026. Despite efforts since 2018, the project's complexities have proven challenging, with the goal to exceed current data download speeds. Qualcomm's stock remained flat, while Apple's stock saw a modest increase of less than 1%.

Portfolio Pulse from Piero Cingari

November 16, 2023 | 9:14 pm

MYGN

Myriad Genetics has partnered with Personalis to market their combined solutions to pharmaceutical customers. The collaboration aims to enhance Myriad's hereditary cancer tests with Personalis' advanced sequencing capabilities, potentially improving patient outcomes and accelerating drug development processes.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 9:08 pm

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