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LULU

NKE

Lululemon Athletica Inc (NASDAQ:LULU) reported a 30% sales increase last year, outperforming its initial projections. The company's five-year strategic plan, “Power of Three x2,” focuses on product innovation, enhancing the guest experience, and expanding the market. Lululemon is also dealing with brand recognition challenges outside the U.S., U.K., and Australia. The company is focusing on geographical expansion, with a particular emphasis on China. Lululemon and Nike Inc (NYSE:NKE) have both invested in “experiential retail,” providing consumers with more reasons to visit physical stores.

Portfolio Pulse from AJ Fabino

September 13, 2023 | 4:17 pm

ACELYRIN

ACELYRIN's stock is trading lower following a downgrade by Morgan Stanley from Overweight to Equal-Weight. This comes after the company's Part B of a Phase 2b/3 trial of izokibep for Hidradenitis Suppurativa failed to meet its primary endpoint.

Portfolio Pulse from Bill Haddad

September 13, 2023 | 4:08 pm

AGCO

AGCO Corporation has announced the establishment of a 300-acre sustainable test farm, named 'Dakota Smart Farm', in North Dakota. The farm will be part of the Grand Farm Innovation Campus, which promotes innovative research and technology to address agricultural challenges.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 4:06 pm

AMZN

Amazon.com, Inc. is introducing new generative AI capabilities to streamline product listing creation and management for its sellers. The AI will generate high-quality content for product descriptions, titles, and listing details, based on a brief product description provided by the seller. This innovation is expected to expedite the listing of new products and enrich existing ones, enhancing the shopping experience on Amazon. The company announced this technology at Accelerate 2023, Amazon's annual seller conference.

Portfolio Pulse from Anusuya Lahiri

September 13, 2023 | 4:06 pm

AAPL

AVGO

CRUS

QCOM

QRVO

SWKS

Apple Inc. unveiled the iPhone 15 and other product updates at its Wonderlust event. Analysts from Bank of America, Goldman Sachs, Morgan Stanley, KeyBanc Capital Markets, Needham, Bernstein, and Wedbush provided their reactions and expectations for Apple's stock. The analysts highlighted the unchanged pricing for the iPhone 15, potential benefits for average sale prices, and concerns about China banning iPhone use by government staff. The event could also have implications for Apple suppliers such as Broadcom, Cirrus Logic, Qorvo, Qualcomm, and Skyworks Solutions.

Portfolio Pulse from Chris Katje

September 13, 2023 | 4:06 pm

AMD

INTC

MSFT

NVDA

Nvidia Corp's stock is trading higher due to favorable conditions in the artificial intelligence sector. Microsoft Corp's president and Nvidia's chief scientist testified in Senate AI hearings. Nvidia has launched an update to improve Starfield performance for RTX 30- and 40-series card owners. The update comes after experts flagged Starfield's worse experience on Nvidia and Intel Corp than Advanced Micro Devices, Inc GPUs.

Portfolio Pulse from Anusuya Lahiri

September 13, 2023 | 4:02 pm

CLDI

DZSI

EIGR

HRT

KULR

RCKT

US stocks traded higher with the Dow Jones gaining around 50 points. US crude oil inventories climbed by 3.954 million barrels, against market estimates of a 1.912 million decline. HireRight Holdings Corporation (HRT) plans an additional $25 million share repurchase program. Rocket Pharmaceuticals (RCKT) reached alignment with the FDA on a global Phase 2 pivotal trial. DZS Inc. (DZSI) secured $29.7 million in financing. Eiger BioPharmaceuticals (EIGR) discontinued a Phase 3 study, Calidi Biotherapeutics (CLDI) shares fell following its public debut, and KULR Technology Group (KULR) reported pricing of a public offering of common stock.

Portfolio Pulse from Lisa Levin

September 13, 2023 | 4:01 pm

NFLX

Netflix Inc's CFO has stated that the company is committed to the gaming industry for the long term, having already released 70 titles. However, he expressed concerns about the return on investment in live sports, which requires billions of dollars.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 3:59 pm

EADSF

EADSY

Airbus SE has delivered the first C295 aircraft to the Indian Air Force, marking the start of a long-term journey with the Indian military. The company will deliver a total of 56 aircraft, with the first 16 being assembled in Spain and delivered by August 2025. The remaining 40 will be manufactured and assembled in India in partnership with Tata Advanced Systems Limited, with the final aircraft to be delivered by August 2031. Airbus' shares traded lower by 0.20% to $34.95 on the last check Wednesday.

Portfolio Pulse from Nabaparna Bhattacharya

September 13, 2023 | 3:48 pm

NFLX

Netflix Inc's CFO has identified the connected-TV market as a potential area of future growth for the company.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 3:45 pm