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AMZN

COIN

MSFT

TSLA

Coinbase, GM, Amazon, Tesla, and Microsoft are the top five stocks on investors' radar after U.S. stocks dipped but recovered slightly in after-hours trading. Coinbase rose due to Bitcoin's new high and Argentina's pro-crypto president. GM plans to relaunch Robotaxi services after safety improvements. Amazon became the largest U.S. delivery service by volume. Tesla's Model Y is projected to be Europe's top-selling vehicle, and Microsoft's AI and cloud computing strength continue to attract investors.

Portfolio Pulse from Ramakrishnan M

November 28, 2023 | 4:04 am

AMZN

Amazon.com Inc. (NASDAQ:AMZN) is reportedly in search of approximately 50,000 square feet of office space in Miami, coinciding with founder Jeff Bezos's planned move to Florida. An Amazon spokesperson confirmed the search but stated it began before Bezos's announcement. Miami's office market is thriving, with demand from tech and financial sectors surpassing pre-pandemic levels. Bezos, who stepped down as CEO in 2021, has purchased properties in Miami and has significant wealth tied to his Amazon stake.

Portfolio Pulse from Ananya Gairola

November 28, 2023 | 1:17 am

SDRL

Seadrill has updated its 2023 revenue forecast to $1.495B-$1.515B and adjusted EBITDA to $485M-$505M.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 10:36 pm

TSLA

Tesla Inc's (NASDAQ:TSLA) Model Y is on track to become the bestselling vehicle in Europe for 2023, having already sold 212,517 units in the first 10 months, leading the second place by 15,035 units. The Model Y's strong sales performance, making up 73% of Tesla's total European sales, could lead to it being the first electric vehicle, midsize car, premium car, and non-European car to achieve this status in the modern era. Tesla's stock has seen a significant increase, up over 115% year-to-date.

Portfolio Pulse from Chris Katje

November 27, 2023 | 10:01 pm

FTHM

Fathom Holdings Inc. (NASDAQ:FTHM), through its subsidiary Fathom Realty, announced a revised agent commission structure expected to add $3.1M to its EBITDA in 2024. The changes include an increase in the annual fee from $600 to $700 and a new 'High-Value Property Fee' for properties over $600,000, which adds $200 to $250 based on the property price. The company believes these changes will minimally impact agents while aiding Fathom's growth objectives.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 9:10 pm

ANF

Abercrombie & Fitch Co (NYSE:ANF) shares rose 3.1% to $75.59, hitting a new 52-week high, driven by positive retail sales data from Mastercard SpendingPulse. U.S. retail sales on Black Friday increased 2.5% year over year, with e-commerce sales up 8.5%. ANF's performance reflects consumer engagement and brand loyalty, with both online and in-store sales showing stability despite economic uncertainty.

Portfolio Pulse from Henry Khederian

November 27, 2023 | 8:45 pm

SEEL

The Department of Defense is funding a Phase 2 study to test Seelos Therapeutics' SLS-002, an intranasal racemic ketamine, on 600 service members and veterans for PTSD treatment. The study will assess safety, tolerability, and efficacy over a 12-week treatment period with a 30-day screening and four-week follow-up. Seelos has two IND applications with the FDA for SLS-002 for acute suicidal ideation and behavior in MDD and PTSD. The study, expected to start soon in Georgia, will be completed by 2026. PTSD incidence has risen among veterans, and ketamine shows promise as a rapid and effective treatment for depression, suicidality, and PTSD.

Portfolio Pulse from Lara Goldstein

November 27, 2023 | 7:48 pm

JWN

Nordstrom Inc (NYSE:JWN) stock is trading higher by 0.90% to $15.21 during Monday's session, likely influenced by positive retail industry performance during Black Friday and Cyber Monday. Mastercard SpendingPulse reported a 2.5% increase in U.S. retail sales and an 8.5% rise in e-commerce sales year over year for Black Friday. The strong sales data during these key shopping events may indicate a healthy consumer spending environment, which could boost investor confidence in retail stocks like Nordstrom.

Portfolio Pulse from Henry Khederian

November 27, 2023 | 7:00 pm

AMZN

ASO

BBWI

BBY

DKS

HIBB

LULU

NKE

TGT

YETI

Analysts provided insights on Black Friday trends, highlighting healthy traffic and discounts. BofA's Justin Post reiterated a Buy rating on Amazon (AMZN) with a $168 target. Academy Sports (ASO) and Dick's Sporting Goods (DKS) saw robust traffic, while YETI (YETI) faced increased competition. Goldman Sachs noted mixed traffic, with Best Buy (BBY), Bath & Body Works (BBWI), and Lululemon (LULU) performing well. Target (TGT) had some out-of-stock items. Morgan Stanley's Alex Straton observed flat to down year-over-year traffic, while Oppenheimer's Brian Nagel was upbeat on athleisure stocks like Nike (NKE). Telsey Advisory Group's Dana Telsey reported a successful Black Friday weekend with well-managed inventories and significant sales.

Portfolio Pulse from Anusuya Lahiri

November 27, 2023 | 6:55 pm

JNJ

Janssen, part of Johnson & Johnson, has submitted an application to the EMA for approval of RYBREVANT (amivantamab) in combination with chemotherapy for treating advanced EGFR-mutated NSCLC after prior therapy failure. The submission is based on Phase 3 MARIPOSA-2 study results, which showed significant improvements in progression-free survival compared to chemotherapy alone. Amivantamab was previously granted conditional marketing authorization by the European Commission in December 2021 for monotherapy treatment of NSCLC with EGFR exon 20 insertion mutations after platinum-based chemotherapy failure.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 6:36 pm