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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

AAPL

AMZN

DIA

GLD

GOOG

IWM

META

MSFT

NVDA

QQQ

SLV

SPY

TSLA

USO

The Dow Jones Industrial Average hit a new historic high, with SPDR Dow Jones Industrial Average ETF Trust (DIA) showing a breakout. The market is going parabolic, which historically is not sustainable, and a pullback is expected. Powell's recent flip on monetary policy has increased the risk of market maker gamma squeeze, potentially driving the market higher. Strong retail sales and jobless claims data contradict Powell's dovish stance, suggesting the Fed may have to reverse course if strong data persists. The European Central Bank left rates unchanged and plans to exit pandemic stimulus. Money flows are positive in Amazon, Nvidia, Alphabet, Tesla, Apple, SPY, and QQQ, but negative in Microsoft and Meta. The Arora Report suggests diversification beyond the 'Magnificent Seven' tech giants and adding small caps to portfolios. Gold, oil, and Bitcoin markets are also discussed, with the momo crowd buying and smart money's actions locked.

Portfolio Pulse from The Arora Report

December 14, 2023 | 3:20 pm

APLS

Citron Research tweeted about Apellis Pharmaceuticals Inc. (APLS), suggesting that the company is expected to raise funds soon. The tweet criticizes the U.S. healthcare system's dysfunction, highlighted by APLS's failure to receive European approval for Syfovre. Citron reaffirms their previous report's stance, which was critical of Syfovre, despite analysts' expectations of a 30-35% revenue contribution from Europe.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 3:19 pm

SPY

USA Business Inventories for October decreased by 0.1%, contrary to the 0.0% estimate and down from the 0.2% increase in the previous month.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 3:05 pm

GOOG

GOOGL

MSFT

Alphabet Inc (GOOG, GOOGL) saw its market value increase by $87 billion after showcasing its Gemini AI, comparable to OpenAI's ChatGPT. This event underscores the importance of AI in investor confidence and Alphabet's need to leverage AI for sales growth. Despite lagging behind Microsoft Corp (MSFT) in AI integration, Alphabet's Gemini Pro for businesses has reassured investors of its AI capabilities. Alphabet trades at a lower earnings multiple than Microsoft, suggesting growth potential, but Microsoft is seen as having an edge in communication and product execution. GOOG shares dipped slightly by 0.11% recently.

Portfolio Pulse from Anusuya Lahiri

December 14, 2023 | 2:38 pm

MVIS

MicroVision expects its FY23 revenue to be near the higher end of its previously issued guidance of $6.5M-$8M, according to a recent SEC filing.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 2:34 pm

AMZN

MSFT

SNOW

Snowflake Inc (NYSE:SNOW) is ramping up its R&D to develop generative AI tools for business applications. Despite a slowdown in revenue growth earlier this year, the company's financial performance has stabilized. Snowflake's R&D spending increased by 57% to $332.1 million in the quarter ending October 31, while revenue grew by 32% to $734.2 million. The company competes with Databricks and Amazon.com, and has launched Snowflake Cortex and Snowpark Container Services, as well as acquiring Neeva. Snowflake expects a 35% revenue increase next fiscal year, with 5-10% from AI tools, and its stock has risen over 45% year-to-date.

Portfolio Pulse from Anusuya Lahiri

December 14, 2023 | 2:30 pm

VGK

European Commission President Christine Lagarde stated on CNBC Europe that a recession in the Eurozone is not the baseline forecast, suggesting a more optimistic outlook for the region's economy.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 2:29 pm

SNES

SenesTech, Inc. (NASDAQ:SNES) has received substantial orders for its new product, EVOLVE Soft Bait, a non-lethal rodent fertility control solution. Launched in November 2023, EVOLVE has seen strong demand, leading to increased production. The product is seen as an alternative to traditional poisons, with some regions like New England considering bans on second-generation anticoagulants (SGARs) due to environmental concerns.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 2:14 pm