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DKNG

Benchmark analyst Mike Hickey reiterates a Buy rating on DraftKings Inc (NASDAQ:DKNG), raising the price target to $41 from $37. The company's focus on product innovation and competitive differentiation is expected to leverage the growing Total Addressable Market (TAM), which is projected to increase from $20 billion to $30 billion by 2028. DraftKings' 2025 revenue guidance is in the mid-$5 billion range, with AEBITDA estimated at $900 million-$1 billion. The company anticipates more U.S. states will legalize OSB and iGaming, aiming to operate in 25 states and Puerto Rico by 2024. DraftKings also expects a long-term Adjusted EBITDA increase of approximately $1.5 billion above current guidance, potentially adding $6.2 billion more annually. DKNG shares are trading slightly lower at $36.90.

Portfolio Pulse from Nabaparna Bhattacharya

November 15, 2023 | 8:31 pm

STNE

During its Investor Day in New York, Stone (NASDAQ:STNE) outlined plans to more than double its profitability in the next four years, targeting an adjusted net income of R$4.3 billion by 2027. The company aims to exceed R$600 billion in Total Payment Volume (TPV) with a take rate above 2.70% in the Micro, Small, and Medium Enterprise (MSMB) market, surpass R$14 billion in client deposits, and achieve a credit portfolio above R$5.5 billion. Stone's strategy focuses on growth in the MSMB market, enhancing customer engagement through financial services and software integration, and improving operational efficiency. The company will prioritize four verticals: retail, food, pharma, and gas stations. After appointing a new CEO, Pedro Zinner, StoneCo. has restructured to accelerate the integration of financial services with software assets. The company reported a tripling of adjusted net income to R$435 million for Q3 2023, with a net revenue of R$3.1 billion and an Adjusted EBT of R$545 million.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 8:30 pm

ACN

MSFT

Accenture (ACN) and Avanade have launched new offerings with Microsoft Fabric to accelerate data readiness and AI adoption. They are also expanding capabilities around Microsoft Copilot solutions for generative AI. Accenture's $3B investment in data and AI includes building a practice of 4,000 Fabric-certified professionals. The companies are working with Microsoft to enhance its self-service analytics and with global businesses like Repsol and Ferrovial to adopt generative AI. Accenture and Avanade have a combined 240,000 Microsoft-skilled professionals, including 65,000 dedicated to Microsoft technologies.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 8:12 pm

MSFT

WBD

Microsoft Corp. (NASDAQ:MSFT) has launched a promotional campaign featuring an edible chocolate Xbox controller and a Willy Wonka-themed Xbox Series X to align with the upcoming 'Wonka' film produced by Warner Bros Discovery Inc (NASDAQ:WBD). The bundle includes a traditional controller and themed chocolates, with fans able to win it through an Xbox sweepstakes. Microsoft is known for creating unique controllers, including environmentally friendly versions.

Portfolio Pulse from Franca Quarneti

November 15, 2023 | 8:02 pm

BNBUSD

MANA

NEAR

Binance Japan, a subsidiary of Binance (CRYPTO: BNB), is expanding its offerings by adding 13 new tokens to spot transactions starting Nov. 27. The additions are part of Binance's goal to trade 100 currencies and include tokens such as Hedera Hashgraph (HBAR), Near Protocol (NEAR), and Decentraland (MANA). Four tokens will also be part of Binance's 'Simple Earn' service. Binance Japan's expansion follows the exit of Coinbase and Kraken from the Japanese market earlier in 2023. In related news, Binance Labs invested in ARKM, the native token of Arkham, which surged 17% following the announcement.

Portfolio Pulse from Khyathi Dalal

November 15, 2023 | 8:01 pm

MSFT

NVDA

NVIDIA Corporation has launched an AI foundry service on Microsoft Azure to accelerate the development of custom AI applications for enterprises and startups. The service includes NVIDIA AI Foundation Models, the NVIDIA NeMo framework and tools, and NVIDIA DGX Cloud AI supercomputing services. Customers can access several NVIDIA AI Foundation models, including the new Nemotron-3 8B models. The partnership between NVIDIA and Microsoft aims to innovate across the Copilot stack, from silicon to software, in the age of AI. NVIDIA's stock (NVDA) was trading lower by 1.58% at $488.69.

Portfolio Pulse from Nabaparna Bhattacharya

November 15, 2023 | 7:51 pm

AAPL

GOOG

GOOGL

Google has launched its Black Friday deals with discounts on various products including the Pixel Fold, Pixel 8, Pixel Buds Pro, and more. The deals offer significant savings, such as $400 off the Pixel Fold, $200 off the Pixel 8 Pro, and other discounts on the Pixel 7a, Pixel Watch, Pixel Buds A-Series, and Nest Cam. These deals are available ahead of Black Friday 2023, which falls on November 24.

Portfolio Pulse from Rounak Jain

November 15, 2023 | 7:50 pm

FIXT

NVDA

SPCE

UFO

Southwest Iceland is on high alert for a potential volcanic eruption, the largest in 50 years, following thousands of earthquakes. A state of emergency has been declared, and residents of Grindavik are evacuating. The eruption could impact air travel and the local geothermal power plant. The situation has highlighted the importance of companies involved in disaster monitoring and recovery. Procure has two ETFs, the Procure Space ETF (UFO) and the Procure Disaster Recovery Strategy ETF (FIXT), which include companies like Virgin Galactic (SPCE) and Nvidia (NVDA), focusing on disaster preparedness and response.

Portfolio Pulse from Melanie Schaffer

November 15, 2023 | 7:50 pm

CHPT

ChargePoint Holdings Inc (NYSE:CHPT) has launched the Express Plus Power Link 2000 DC fast charging platform, capable of up to 500kW charging speeds. This platform will power the Mercedes-Benz HPC NA public charging network. The Power Link 2000 features a modular design and proprietary cooling architecture, allowing for sustained high-speed charging. ChargePoint's stock (CHPT) rose by 2.16% to $3.29.

Portfolio Pulse from Shivani Kumaresan

November 15, 2023 | 7:45 pm

AMD

NVDA

AMD announced an event on December 6, 2023, to launch its next-generation AMD Instinct MI300 data center GPU, a competitor to Nvidia's H100. Nvidia revealed its H200 GPU, an upgrade from the H100. AMD's event, 'Advancing AI,' will feature discussions on AI and computing with CEO Dr. Lisa Su. The event aims to showcase AMD's AI hardware and software momentum. AMD stock has risen 84% YTD but traded down 1.75% at $117.78 recently.

Portfolio Pulse from Anusuya Lahiri

November 15, 2023 | 7:33 pm