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Revenues

AMZN

FDX

UPS

According to the Wall Street Journal, Amazon has surpassed both UPS and FedEx in U.S. parcel volumes, indicating a significant shift in the logistics and delivery landscape.

Portfolio Pulse from Charles Gross

November 27, 2023 | 12:00 pm

NVO

Novo Nordisk is currently in discussions with healthcare systems regarding flexible pricing models for its Wegovy weight loss drug, as reported by the Financial Times on Sunday.

Portfolio Pulse from Charles Gross

November 27, 2023 | 10:15 am

ADBE

CRM

SHOP

Shopify Inc (NYSE:SHOP) merchants achieved a record $4.1 billion in Black Friday sales, a 22% increase from last year. Sales peaked at $4.2 million per minute at 12:01 p.m. EST. Popular categories were clothing, personal care, and jewelry, with an average spend of $110.71 per cart. The U.S., U.K., and Canada were top countries, with Los Angeles, New York, and London as top cities. International orders comprised 15% of total sales. Shopify's POS system sales rose by 33%. Adobe Inc (NASDAQ:ADBE) reported a 5.5% increase in U.S. online spending on Thanksgiving, while Salesforce, Inc. (NYSE:CRM) reported a 1% growth in U.S. global online sales. SHOP shares closed down 0.86% at $70.35 on Friday.

Portfolio Pulse from Anusuya Lahiri

November 27, 2023 | 10:01 am

TIGR

UP Fintech Holding (NASDAQ:TIGR) reported a significant increase in Q3 adjusted earnings per share (EPS) to $0.10, up from $0.04 year-over-year (YoY). Sales also rose to $70.10M, marking a 26.52% increase from $55.41M in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 9:04 am

NTZ

Natuzzi reported Q3 2023 sales of €74.9M, a 35.8% decrease from Q3 2022, and a 15.0% decrease from Q3 2019. Branded sales increased by 4.3% compared to Q3 2019. The company saw a positive change in written orders, particularly in the US market, ending a 15-month negative trend. Gross margin improved to 35.4% due to pricing discipline and cost management. However, Natuzzi experienced an operating loss of €1.3M, compared to a profit in Q3 2022. Cash flow from operating activities was positive at €2.3M, and the company invested €2.9M in retail and factory upgrades. As of September 30, 2023, cash reserves were €37.1M. Natuzzi is focusing on cost and capital efficiency, reducing fixed costs, and selling non-strategic assets. The company anticipates ongoing economic challenges but remains confident in its long-term growth strategy.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 4:53 am

SPY

RBC Capital Markets predicts the S&P 500 will reach a milestone of 5,000 points in 2024, a 10% increase from its last closing. This bullish outlook is supported by five models analyzing sentiment, valuation and earnings, the economy, politics, and stock-bond interrelation. The forecast aligns with other optimistic views from Wall Street, despite potential volatility from the 2024 presidential election.

Portfolio Pulse from Benzinga Neuro

November 27, 2023 | 3:31 am

AMZN

Elon Musk criticized Amazon for pulling ads from his social media platform X after he endorsed an antisemitic post, while Amazon faces backlash for selling 'Hamas-style' headbands and t-shirts. Musk called out the double standard as Amazon paused advertising on X due to pressure from an activist organization. X is projected to lose up to $75 million in ad revenue by year-end, but the impact is uncertain as some advertisers have returned or increased spending.

Portfolio Pulse from Shanthi Rexaline

November 26, 2023 | 3:52 pm

HOUS

RDFN

RMAX

Experts predict a decline in home prices due to a significant slowdown in housing activity, influenced by the Federal Reserve's anti-inflation measures leading to high mortgage rates. Mark Zandi of Moody's and Glenn Kelman of Redfin foresee a potential drop in prices, with Zandi not expecting a market recovery until 2025 or 2026. Kelman notes an increase in housing inventory and price adjustments, suggesting a possible spur in sales. ETFs like iShares U.S. Real Estate ETF and Vanguard Real Estate ETF, and stocks such as Zillow Group, Inc (Z), Redfin Corporation (RDFN), Anywhere Real Estate Inc. (HOUS), and RE/MAX Holdings, Inc. (RMAX) offer investment opportunities in the real estate sector.

Portfolio Pulse from Bibhu Pattnaik

November 25, 2023 | 7:57 pm

AAPL

XIACF

Global smartphone sales increased by 5% year-on-year in October, ending a 27-month decline, largely due to the release of Apple Inc.'s iPhone 15 and Huawei's Mate 60 Pro. Emerging markets contributed to the growth, while developed markets saw slower recovery. Samsung leads the market share, followed by Apple and Chinese brands Xiaomi, Oppo, and Vivo. The positive sales trend suggests a potential recovery in the smartphone market.

Portfolio Pulse from Nabaparna Bhattacharya

November 25, 2023 | 6:08 pm

AAPL

ABNB

AMZN

DIS

MSFT

ORCL

WBD

Elon Musk's social media platform X is facing a potential loss of $75 million in ad revenue due to his support for an antisemitic post. Major advertisers like Disney and Warner Bros Discovery have paused their campaigns, and over 200 ad units from companies including Airbnb, Amazon, Coca-Cola, and Microsoft are reevaluating their strategies on X. The platform has seen a drop in U.S. ad revenue by at least 55% year-over-year each month since Musk's takeover. X has also filed a lawsuit against Media Matters for defamation.

Portfolio Pulse from Bibhu Pattnaik

November 25, 2023 | 4:51 pm