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CHWY

Chewy, an online retailer of pet food and products, is one of nine companies to receive an FDA warning letter for selling unapproved and misbranded antimicrobial drugs for animals.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 3:33 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo discusses trading strategies for SPY, QQQ, AAPL, MSFT, TSLA, NVDA, GOOGL, and META, based on proprietary formulas involving price, volume, and options flow. The analysis provides specific price targets for bullish and bearish scenarios for each asset. The memo also highlights the importance of the FOMC rate decision, Jerome Powell's press conference, unemployment numbers, and Treasury Bill Auctions on market volatility. RIPS, a professional trader, curates the memo, offering insights and mentorship to Market Clubhouse members.

Portfolio Pulse from RIPS

December 14, 2023 | 3:30 pm

AMZN

MSFT

Microsoft Corp's (NASDAQ:MSFT) stock is trading lower following reports that the company has put the integration of LinkedIn's data center technology with Azure on hold. This decision marks a significant shift from the initial strategy announced in 2019, after Microsoft's acquisition of LinkedIn for $27 billion. The pause is attributed to reallocating resources to external Azure customers due to high demand and challenges in adapting LinkedIn's software for Azure. Despite this, Azure's revenue grew by 29% in the third quarter, while LinkedIn's revenue increased by 8%. Microsoft's stock has risen over 54% year-to-date.

Portfolio Pulse from Anusuya Lahiri

December 14, 2023 | 3:29 pm

AAPL

FXCOF

Apple Inc.'s market value is nearing that of the entire French stock market, with a market cap of $3.1 trillion compared to France's $3.2 trillion. Apple's shares rose 1.67% to $197.96, reflecting a 38% increase over the past year. The company faces challenges in China but is expanding in India, with plans to produce over 50 million iPhones annually there in a few years. Foxconn Technology Co., Ltd. has been approved to invest an additional $1 billion in its India plant. Citigroup analyst Atif Malik points to Apple's structural gross margin expansion and high-end market position as reasons for optimism.

Portfolio Pulse from Nabaparna Bhattacharya

December 14, 2023 | 3:26 pm

Visa Inc (NYSE:V) stock reached an all-time high of $262.48, driven by the global shift to e-payments, operating leverage, successful buyback initiatives, and strong fiscal Q4 earnings. Technical analysis indicates a bullish trend, with analyst ratings suggesting a Buy/Outperform and price targets between $280-$295. Despite the positive outlook, Visa's stock was down 1.17% to $259.31 at last check.

Portfolio Pulse from Surbhi Jain

December 14, 2023 | 3:17 pm

BLK

DTRUY

NEE

UBER

Uber Freight and Greenlane have announced a strategic collaboration to accelerate the development and installation of electric truck charging stations, supported by a $650 million joint venture between Daimler Truck North America, NextEra Energy Resources, LLC, and BlackRock. This initiative aims to boost the adoption of Heavy Duty Battery Electric Vehicles (HD BEVs) by leveraging Uber Freight's logistics network and Greenlane's charging infrastructure expertise. The collaboration will focus on identifying key corridors for early HD BEV deployment and integrating charging solutions into Uber Freight's platform. Greenlane plans to build its first charging corridors in Southern California, Texas Triangle, and the northeastern United States.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 3:10 pm

ALGN

Align Technology's stock is trading higher following Health Canada's issuance of an updated medical device license for its Invisalign Palatal Expander System.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 3:07 pm

INTC

Intel has launched its next-generation AI products, including the Intel Core Ultra mobile processor family and the 5th Gen Intel Xeon processors, expanding its AI portfolio. The Core Ultra is built on Intel 4 process technology and features a neural processing unit (NPU) for AI acceleration. The 5th Gen Xeon processors offer AI acceleration in every core, improving performance and efficiency. Intel CEO Pat Gelsinger highlighted the company's AI footprint and its commitment to delivering five new process technology nodes in four years. Intel Core Ultra-based AI PCs are now available, and the 5th Gen Xeon will be deployed in various sectors, including cloud and edge computing. Intel also previewed the Gaudi3 AI accelerator, set to arrive next year.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 3:03 pm

INTC

LNVGY

Lenovo has announced an expansion of its hybrid cloud platform for AI with new ThinkAgile hyperconverged solutions and ThinkSystem servers, powered by Intel's 5th Gen Xeon Scalable processors. These solutions aim to improve AI performance, cloud agility, and energy efficiency. Lenovo's TruScale for Hybrid Cloud offers as-a-service solutions for flexible AI performance, and the company has also introduced Professional Services for AI to guide organizations through IT deployments. The new offerings are designed to support AI, virtualization, and multi-cloud workloads and include partnerships with Microsoft, Nutanix, and VMware.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 3:02 pm

INTC

SMCI

Supermicro (NASDAQ:SMCI) announces new rack scale solutions optimized for AI, Cloud, Storage, and Edge, supporting the 5th Gen Intel Xeon processors. These solutions offer significant performance improvements, including a 67% boost in AI benchmarks over the previous generation and an 87% average performance gain over 3rd Gen Intel Xeon systems. The X13 server range includes GPU servers, Petascale servers, storage servers, and SuperEdge systems. Supermicro emphasizes faster delivery, quality, performance, and efficiency, with options for liquid cooling and up to 128 cores and 160 PCIe lanes in a single server. The new Intel Trust Domain Extensions (Intel TDX) enhance security, and the systems are available for immediate shipping.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 3:01 pm