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TOL

Raymond James analyst Buck Horne has reaffirmed a Strong Buy rating on Toll Brothers (NYSE:TOL) and increased the price target from $110 to $120.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 9:20 am

ORCL

Oracle Corporation (NYSE:ORCL) is expected to report an increase in Q2 earnings with a forecast of $1.32 per share, up from $1.21 per share a year ago. Revenue is anticipated to be $13.05 billion. The company recently announced a multi-year agreement with Microsoft. Ahead of the earnings call, analysts have revised their ratings and price targets for Oracle. Morgan Stanley, BMO Capital, Piper Sandler, Berenberg, and Citigroup analysts have provided updates with varying price targets and ratings.

Portfolio Pulse from Avi Kapoor

December 08, 2023 | 9:06 am

MOMO

Hello Group Inc reported a decline in user metrics for its applications. The MAU for Tantan was 15.7M in September 2023, a decrease from 20.9M the previous year. Momo app's total paying users also dropped to 7.8M in 3Q23 from 8.4M in the same quarter last year. Tantan's paying users decreased to 1.4M in 3Q23 from 2.0M in the year-ago period.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 8:31 am

AVGO

JOUT

LULU

MOMO

RH

U.S. stock futures are mixed ahead of Friday's trading session. Johnson Outdoors Inc. is expected to report a quarterly loss, while Broadcom Inc. announced positive earnings and a dividend increase but saw a slight stock decline. Hello Group Inc. is anticipated to report earnings, with shares rising after-hours. Lululemon Athletica Inc. reported strong third-quarter results but projected weaker sales, leading to a stock drop. RH experienced an unexpected loss and sales miss, causing a significant after-hours stock decrease.

Portfolio Pulse from Avi Kapoor

December 08, 2023 | 8:27 am

RIVN

TSLA

Rivian Automotive Inc (NASDAQ:RIVN) has laid off about 20 employees from its battery cell development team, including Victor Prajapati, a key figure who previously worked at Tesla Inc (NASDAQ:TSLA). The layoffs, which represent less than 8% of the battery team, are part of a shift in focus towards the R2 platform and defined programs, pausing new in-house cell development. Rivian will instead grow its cell chemistry team and work with manufacturing partners. The company reported Q3 revenue of $1.337 billion and a loss of $1.19 per share, beating estimates and raising its full-year production guidance to 54,000 vehicles.

Portfolio Pulse from Anan Ashraf

December 08, 2023 | 8:01 am

VTMX

Corporación Inmobiliaria Vesta, S.A.B. de C.V. (Vesta), listed as VTMX on the NYSE, has announced the pricing of its underwritten public offering of 4.25 million American Depositary Shares (ADSs) at $35 per ADS. Each ADS represents ten of Vesta's common shares registered in Mexico's National Securities Registry.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 7:50 am

TTWO

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) and Moon Studios have announced a new Action RPG titled 'No Rest for the Wicked'. The game, published by Take-Two's Private Division, is set to launch in Early Access on PC in Q1 2024, with a full release on PS5, Xbox Series X|S, and PC to follow. The announcement was accompanied by an official trailer premiered at The Game Awards.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 7:47 am

MCRB

Seres Therapeutics is set to present preliminary pharmacokinetics/pharmacodynamics (PK/PD) and safety data for its investigational microbiome therapeutic, SER-155, at the American Society of Hematology (ASH) 2023 conference.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 7:45 am

NKLA

Nikola Corporation (NASDAQ:NKLA) has priced its offerings of 133,333,334 common shares at $0.75 each and $175 million in 8.25% Green Convertible Senior Notes due 2026. Both offerings are set to settle on December 12, 2023, with each offering's completion independent of the other.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 7:15 am

F

RIVN

TSLA

Gary Black, a Tesla investor, predicts Rivian will benefit from the Cybertruck's launch due to long wait times for Tesla's vehicle, driving interest towards Rivian's R1T, a closer competitor in the EV truck segment. Google Trends data shows a surge in searches for the R1T coinciding with Cybertruck deliveries. Tesla's Cybertruck, starting at $60,990, has over a million reservations, but full-scale delivery may not occur until 2025. In contrast, Rivian's R1T starts at $73,000 with delivery times of 4 months or less.

Portfolio Pulse from Anan Ashraf

December 08, 2023 | 6:49 am