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BE

PLUG

Morgan Stanley downgraded Plug Power Inc (PLUG) to Underweight from Equal Weight with a price target of $3, citing liquidity concerns and worsening hydrogen economics. Conversely, Morgan Stanley remains Overweight on Bloom Energy Corp (BE) due to strong demand and profitable fuel cell business. Over the past year, investments in PLUG significantly underperformed compared to BE, with PLUG facing policy changes, funding needs, and business headwinds, not expected to be profitable before 2026. Bloom Energy, despite challenges, expects positive operating margins for 2023 and has differentiated itself with its products, including electrolyzers in four hydrogen hubs and a robust sales inquiry pipeline.

Portfolio Pulse from Surbhi Jain

December 07, 2023 | 3:23 pm

DLTR

FTCH

KR

SNOW

ULTA

Portfolio Armor, a financial analysis firm, has expressed concerns over an unnamed overbought retailer whose stock price has surged more than 150% since missing earnings last quarter, attributing the rise to a competitor's acquisition. Despite a bullish composite score based on various metrics, Portfolio Armor is betting against the retailer due to factors such as a high RSI indicating overbought conditions and insider transactions at much lower prices. The firm also shared successful past trades, including options on KR, DLTR, FTCH, SNOW, and ULTA.

Portfolio Pulse from David Pinsen

December 07, 2023 | 3:20 pm

GOOG

GOOGL

Alphabet Inc. has announced the launch of its Gemini AI model, which has led to an increase in its share price.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 3:20 pm

GDHG

Shares of Golden Heaven Group (GDHG) were halted due to a circuit breaker after falling 7.02%. This mechanism is triggered to prevent further steep losses in a stock.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 3:20 pm

DG

During a conference call, an executive from Dollar General mentioned that the company is experiencing an improvement in customer traffic and same-store sales for the month of November.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 3:19 pm

GDHG

Shares of Golden Heaven Group (GDHG) have resumed trading. There is no additional context provided regarding the reasons for the trading halt or the implications of the resumption.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 3:18 pm

ABBV

CERE

GOOGL

SMTC

VRNT

Verint Systems Inc. (VRNT) reported strong third-quarter earnings, surpassing market estimates and saw its shares rise by 14%. Other stocks also moved higher, including Semtech Corporation (SMTC) after reporting earnings and guidance, and Alphabet Inc. (GOOGL) following the launch of Gemini AI. Notably, Cerevel Therapeutics Holdings, Inc. (CERE) surged after an acquisition announcement by AbbVie Inc. (ABBV).

Portfolio Pulse from Avi Kapoor

December 07, 2023 | 3:17 pm

ZVSA

ZyVersa Therapeutics shares resumed trading after a circuit breaker halt. The halt was likely due to significant volatility or a substantial move in the stock price, which triggered the exchange's automatic pause to allow the market to process the information and maintain orderly trading.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 3:13 pm

AMD

AMD's stock price is on the rise after the company's announcements at its Advancing AI event, coupled with Raymond James increasing its price target for AMD from $125 to $140.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 3:11 pm

GDHG

Shares of Golden Heaven Group (GDHG) were halted due to a circuit breaker after falling 6.83%. Circuit breakers are designed to prevent panic-selling and ensure orderly market behavior during significant stock price movements.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 3:09 pm