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XPEV

XPENG's stock price is trading lower following the announcement of their vehicle delivery results for November 2023.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 4:01 pm

LLY

NVO

Cantor Fitzgerald initiated coverage on Novo Nordisk A/S (NVO), Europe's most valuable company, with an Outperform rating and a price target of $120. Novo Nordisk, a leader in the obesity space, competes primarily with Eli Lilly (LLY) and is expected to benefit from the growing obesity market. The company's drugs Wegovy and Ozempic are in high demand, and Novo Nordisk is well-positioned against potential new competitors due to its data, commercial infrastructure, and manufacturing capacity. Novo Nordisk anticipates FY23 sales and operating profit growth significantly above its large-cap pharma peers. CEO Lars Fruergaard Jorgensen expressed intentions to pursue 'bolt-on' acquisitions. NVO shares were down 0.50% at $101.35 last Friday.

Portfolio Pulse from Vandana Singh

December 01, 2023 | 3:55 pm

CI

DBVT

KTRA

MD

PDCO

The article lists the top 5 oversold health care stocks with potential for growth in December, based on their low Relative Strength Index (RSI) values. Cigna Group (CI) is in talks for a merger with Humana, DBV Technologies (DBVT) announced positive trial results, Kintara Therapeutics (KTRA) is starting a new study, Pediatrix Medical Group (MD) reported downbeat earnings, and Patterson Companies (PDCO) reported sales missing consensus.

Portfolio Pulse from Lisa Levin

December 01, 2023 | 3:47 pm

LVO

LiveOne's music publishing subsidiaries Splitmind and Drumify have reported a 300% increase in revenues in 2023. Splitmind, founded by Aidan Crotinger, has produced for major artists and achieved over 3 billion streams globally. It boasts a catalog of over 50,000 copyrights on Drumify.com. LiveOne (NASDAQ:LVO), the parent company, acquired Splitmind in 2023.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 3:37 pm

FRHC

Freedom Holding Corp. has been approved to implement a strategic plan to enter the telecommunications market in Kazakhstan, aiming to expand its business operations.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 3:20 pm

MARA

MSTR

Marathon Digital Holdings Inc (MARA) shares rose 7.4% amid a surge in Bitcoin prices following MicroStrategy Inc's (MSTR) purchase of 16,130 Bitcoins. The SEC's acknowledgment of Fidelity's filing for an Ethereum ETF also contributed to the positive sentiment in crypto stocks. Bitcoin miners like MARA benefit from higher Bitcoin prices, which can lead to increased revenue and profitability.

Portfolio Pulse from Henry Khederian

December 01, 2023 | 3:17 pm

MRIN

Marin Software Inc (NASDAQ:MRIN) shares rose 6.5% to $0.33 after announcing support for Qihoo 360, expanding advertising options in China. The integration allows Marin users to access a significant portion of the Chinese search market and optimizes ad campaigns with Marin's tools. CEO Chris Lien emphasized the potential benefits for digital marketers using Qihoo 360's advanced search capabilities through MarinOne. MRIN's 52-week trading range is between $27.85 and $54.60.

Portfolio Pulse from Henry Khederian

December 01, 2023 | 3:16 pm

BIOR

Biora Therapeutics Inc (NASDAQ:BIOR) stock is trading higher after the FDA cleared its IND application for BT-600, a drug/device combination for treating moderate to severe ulcerative colitis. The NaviCap device, used for targeted delivery to the colon, will be evaluated in a phase 1 trial for safety, pharmacokinetics, and pharmacodynamics. Studies have shown the device's accurate localization and delivery without fasting or food restrictions. BIOR shares have risen 14.50% to $1.42.

Portfolio Pulse from Vandana Singh

December 01, 2023 | 3:01 pm

GSK

GlaxoSmithKline (GSK) has reached an agreement with the European Medicines Agency (EMA) to immediately discontinue the manufacturing of Integrilin, as reported by Reuters.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 2:31 pm

TTWO

Rockstar Games has announced the release of 'Trailer 1' on Tuesday, December 5 at 9AM ET. The announcement was made via a tweet, which could indicate an upcoming game or significant update. This news may generate excitement and anticipation among gamers and investors.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 2:27 pm