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NFLX

Contestants of 'Squid Game: The Challenge' are considering a lawsuit against Netflix Inc. (NASDAQ:NFLX) for injuries sustained during filming. Express Solicitors, a U.K. law firm, represents two contestants who claim to have suffered from hypothermia and nerve damage. The firm has sent claim letters to co-producer Studio Lambert. Netflix confirmed that three contestants needed medical attention during filming. No lawsuit has been filed yet, but the claims could impact the show's reputation and lead to legal issues for Netflix.

Portfolio Pulse from Ananya Gairola

November 24, 2023 | 1:43 am

UAL

United Airlines (NASDAQ:UAL) is exploring the use of passenger data to offer personalized ads to customers. This could open a new revenue stream by featuring ads on in-flight entertainment systems or the airline's app. While the potential for increased ad revenue exists, United is still undecided and is considering privacy concerns, ensuring an opt-out option for passengers.

Portfolio Pulse from Benzinga Neuro

November 23, 2023 | 8:44 am

AAPL

Apple Inc.'s (NASDAQ:AAPL) iPhone 15 series has been credited with reviving the global smartphone market, which saw a 5% YoY growth in October 2023 after a 27-month slump. The growth was particularly strong in emerging markets, with the Middle East and Africa leading. Apple's market share dominance was highlighted by a previous report showing a 43% market share. The company's performance has been robust despite overall market challenges, with Apple being the only smartphone maker to register YoY shipment growth in Q3 of the previous year.

Portfolio Pulse from Ananya Gairola

November 23, 2023 | 2:58 am

CRLBF

TCNNF

Major cannabis multistate operators (MSOs) like Trulieve Cannabis Corp (TCNNF) and Cresco Labs Inc (CRLBF) are exiting less profitable state markets to strengthen their financial positions in anticipation of federal reforms and increased investor interest. Cresco Labs reported $191 million in Q3 revenue after leaving Arizona and Maryland, while Trulieve divested from California and ceased Massachusetts operations. The industry is hopeful for legislative changes, such as cannabis rescheduling and the SAFER Banking Act, despite political uncertainties.

Portfolio Pulse from Patricio Liddle

November 23, 2023 | 1:43 am

LX

LexinFintech Holdings has reaffirmed its previous guidance, projecting an annual Gross Merchandise Volume (GMV) growth of 20-25% year over year.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 11:06 pm

DLTR

Dollar Tree has taken action in response to Wanabana's voluntary recall of its Apple Cinnamon Fruit Puree Pouch by locking its registers to prevent further sales of the product. The company has also removed the product from its website and currently has no financial information to share regarding the impact of the recall.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 9:00 pm

SAIA

BMO Capital Markets analyst Fadi Chamoun initiated coverage on Saia Inc (NASDAQ:SAIA) with a Market Perform rating and a price target of $450. Chamoun highlights SAIA's strong management and execution track record, and the company's ability to drive service levels with its 194 terminals. The analyst projects a FY23-FY28 EPS CAGR of 16.3% and expects revenue and EPS to grow over the next few years, with figures slightly differing from consensus estimates. SAIA recently reported Q3 FY23 revenue growth of 6.2% YOY, surpassing consensus estimates.

Portfolio Pulse from Lekha Gupta

November 22, 2023 | 8:02 pm

AMZN

BBY

COST

KSS

M

TGT

WMT

A Goldman Sachs survey indicates that 61% of consumers will spend the same or more during the 2023 holiday season, with a focus on discounts and sales. Amazon (AMZN) and Walmart (WMT) are expected to be top destinations for shoppers. Department stores like Macy's (M) and Kohl's (KSS) may see weaker performance. The survey also suggests that gift cards, toys, games, and apparel will be popular gift items. E-commerce is projected to grow at twice the rate of total retail, with Amazon particularly well-positioned due to its fulfillment capacity and fast delivery options. The timing of Christmas Eve could further benefit Amazon's last-minute delivery advantage.

Portfolio Pulse from Chris Katje

November 22, 2023 | 7:40 pm

BTCUSD

Mt. Gox, the defunct Bitcoin exchange, has announced plans to initiate cash repayments to creditors within 2023, with the process potentially extending into 2024. Rehabilitation Trustee Nobuaki Kobayashi has secured 7 billion yen from trust assets to facilitate repayments, with the remaining trust assets totaling 8.8 billion yen after repayments. This move is a significant step towards repaying all creditors after the exchange's collapse in 2014, which resulted in the loss of over 800,000 Bitcoin.

Portfolio Pulse from Murtuza Merchant

November 22, 2023 | 7:17 pm

ADSK

Mizuho analyst Matthew Broome downgraded Autodesk's price target from $220 to $200 while maintaining a Neutral rating, citing concerns over Autodesk's new transaction model that requires indirect customers to transact directly with the company. This change, which began in Australia and will roll out globally, could strain relationships with resellers. Despite solid Q3 results, Autodesk's FY25 revenue guidance of 9%+ growth is below expectations and its long-term target, reflecting a challenging operating environment. Autodesk's stock dropped 5.59% to $205.51.

Portfolio Pulse from Nabaparna Bhattacharya

November 22, 2023 | 6:34 pm