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The article provides a technical analysis and commentary on various stocks and cryptocurrencies by MandoTrading. It includes specific price targets and observations on market behavior for assets like Apple, AMD, Amazon, Alphabet, Disney, Marathon Digital Holdings, Shopify, C3.ai, Netflix, Palantir, Coinbase, and the SPDR S&P 500 ETF. It also mentions Tesla, NVIDIA, and Bitcoin, with a focus on upcoming events such as NVIDIA's earnings release. The article promotes MandoTrading's educational content and offers a free newsletter subscription.

Portfolio Pulse from Mando Trading

November 20, 2023 | 2:39 pm

BMY

TSVT

Bristol-Myers Squibb Company (BMY) and 2seventy Bio Inc (TSVT) stocks dropped due to a delay in expanded U.S. approval for their Abecma gene therapy. The FDA's ODAC will review the sBLA for Abecma based on the KarMMa-3 study, but the meeting date is unconfirmed, and the PDUFA target action date of December 16, 2023, will be missed. Abecma is approved for RRMM after four prior therapies and has generated significant revenue. The KarMMa-3 study showed a significant improvement in progression-free survival.

Portfolio Pulse from Vandana Singh

November 20, 2023 | 2:37 pm

TSLA

Tesla, Inc. (TSLA) is gearing up for the launch of its Cybertruck on November 30. Analyst Gene Munster of Deepwater Asset Management is cautiously optimistic, citing a significant market for light pick-up trucks in the U.S. with sales around 3 million units. The Cybertruck is expected to have a slow production start, with estimates ranging from a few hundred to 10,000 units in 2023, potentially increasing to 35,000 in 2024 and 175,000 units per year later on. Despite over one million reservations, Munster believes only about 500,000 are solid potential buyers. He emphasizes that production, not demand, is the key concern for investors. Tesla's overall production is projected at 1.8 million units in 2023, with the Cybertruck contributing to a 25-30% delivery growth in 2025 and 2026. In comparison, the Model Y and 3 have a current production capacity of 800,000 units each. Tesla's stock saw a slight increase in premarket trading.

Portfolio Pulse from Shanthi Rexaline

November 20, 2023 | 2:35 pm

TSLA

Tesla Inc (NASDAQ:TSLA) is showcasing Cybertrucks in U.S. showrooms ahead of the vehicle's production launch at the end of the month. The Cybertruck, which was unveiled four years ago, has generated significant interest with a large number of reservations. The showroom displays are part of Tesla's strategy to build excitement and drive foot traffic, potentially increasing sales of its current models during the important end-of-year sales period.

Portfolio Pulse from Benzinga EV Insights

November 20, 2023 | 2:27 pm

DIS

FOX

Hotstar set a new viewership record in India with 59 million concurrent viewers for the World Cup cricket match, surpassing JioCinema's peak of 32 million. Despite this, Walt Disney Co (NYSE:DIS), which owns Hotstar, has lost over 23 million subscribers in India over the past year. Disney is considering various options for its future in India and has held talks with Reliance and other firms. The market shift has led Disney to focus on core businesses, facing competition from Ambani's Viacom18, which is investing heavily in IPL streaming. Disney maintains high expectations for the ICC Cricket World Cup viewership.

Portfolio Pulse from Anusuya Lahiri

November 20, 2023 | 2:23 pm

ROKU

Roku has partnered with Unity to integrate TV streaming advertising into mobile app performance marketing. This collaboration aims to leverage Roku's advertising capabilities with Unity's extensive reach in the gaming industry, potentially offering advertisers a more comprehensive platform to target audiences across TV and mobile gaming environments.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 2:09 pm

AVXL

Anavex Life Sciences Corp's stock (NASDAQ:AVXL) is rising after the company announced the initiation of a regulatory submission with the European Medicines Agency (EMA) for its Alzheimer's treatment, blarcamesine (ANAVEX2-73). The drug has shown promising results in clinical trials, including the reduction of amyloid aggregation and brain volume loss, as well as significant improvement in dementia symptoms. Anavex is seeking Marketing Authorization in Europe, and the data from its Phase 2b/3 trials will be published in a peer-reviewed journal soon.

Portfolio Pulse from Adam Eckert

November 20, 2023 | 2:08 pm

EMR

Emerson (NYSE:EMR) has made a strategic investment in Frugal Technologies, a Danish company specializing in fuel optimization for shipping fleets. Frugal's AI-driven software aims to reduce fuel consumption by up to 15%, aligning with Emerson's expertise in marine systems. This collaboration addresses the need for better fuel management and compliance with stricter emissions targets set by the International Maritime Organization.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 2:06 pm

SNES

SenesTech, Inc. has expanded its distribution through DIY Pest Control with an initial stocking order for its Evolve Soft Bait fertility control product. Evolve is a nonlethal rodent fertility control solution that is highly palatable to rats and can be used in various environments. The product aims to manage rodent populations by reducing their fertility. SenesTech's CEO, Joel Fruendt, expressed satisfaction with the expanded distribution relationship, which builds on the past success of distributing ContraPest products. DIY Pest Control's President, Fletcher Cline, anticipates Evolve will be a strong seller, complementing the demand for other SenesTech products like the Elevate and Isolate Bait Systems.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 2:04 pm

STM

STMicroelectronics (NYSE:STM) has launched a new series of long-range wireless microcontrollers, the STM32WL3, designed for energy-efficient connectivity in smart metering, smart building, and industrial monitoring. These MCUs extend battery life beyond 15 years and support multi-protocol communication in license-free ISM frequency bands. They feature a unique ultra-low-power radio that can listen for wake-up signals while conserving energy. Customers like Lierda Internet of Things Technology and Silent Smart Technology are already using these MCUs to enhance their products. The STM32WL3 is part of ST's strategy to integrate the radio with the main application controller, simplifying design and reducing power consumption. The MCUs are available in various configurations and are backed by ST's 10-year longevity guarantee.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 2:04 pm