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Stock Prices

EWBC

Morgan Stanley analyst Manan Gosalia upgraded East West Bancorp (NASDAQ:EWBC) from Equal-Weight to Overweight and increased the price target from $66 to $76.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 10:44 am

EADSY

ESYJY

RTX

Collins Aerospace, a division of RTX Corp, has partnered with easyJet to implement GlobalConnectSM connected aircraft services on over 330 Airbus aircraft. This initiative aims to enhance safety, pilot training, and operational efficiency, potentially reducing carbon emissions by 500 tonnes annually. RTX also recently formed a joint venture with Rafael Advanced Defense Systems for a new facility in Arkansas. RTX's stock showed a slight premarket decline.

Portfolio Pulse from Lekha Gupta

December 04, 2023 | 10:34 am

IMGN

Barclays analyst Peter Lawson has downgraded Immunogen (NASDAQ:IMGN) from Overweight to Equal-Weight, while also raising the price target for the company's stock from $27 to $31.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 10:31 am

BITF

CAN

COIN

HUT

MARA

MSTR

RIOT

Shares of cryptocurrency-related stocks have risen following a surge in the price of Bitcoin on Monday. Companies with a focus on cryptocurrency operations, such as mining and investment, have seen their stock prices increase in response to Bitcoin's price movement.

Portfolio Pulse from Charles Gross

December 04, 2023 | 10:27 am

ABSI

AZN

Absci's stock rose 9% premarket following a report by the Financial Times that AstraZeneca has signed a deal with Absci worth up to $247M to design an antibody for cancer treatment.

Portfolio Pulse from Charles Gross

December 04, 2023 | 10:20 am

ALK

CDMO

GNE

NOK

OFIX

SKM

SPCE

TRUP

Alaska Air Group, Inc. (ALK) announced plans to acquire Hawaiian Holdings for $1.9 billion, causing ALK shares to drop 9.4% in pre-market trading. Other stocks experiencing pre-market declines include Virgin Galactic (SPCE), Trupanion (TRUP), SK Telecom (SKM), Avid Bioservices (CDMO), Orthofix Medical (OFIX), Genie Energy (GNE), and Nokia (NOK).

Portfolio Pulse from Lisa Levin

December 04, 2023 | 10:20 am

EWJ

NVDA

Nvidia CEO Jensen Huang met with Japan's PM Kishida and discussed the semiconductor industry in Japan. Huang mentioned that the industry will be capable of manufacturing GPUs and that demand is high. He also stated that he would prioritize Japan for AI processors.

Portfolio Pulse from Charles Gross

December 04, 2023 | 10:15 am

BRPHF

PSHZF

TSLA

The weekend news featured significant developments in the tech and finance sectors. Elon Musk and Bill Gates were named as potential buyers for Trump's Mar-a-Lago, with a price tag of up to $1 billion. Galaxy Digital CEO Mike Novogratz expressed a bullish outlook on Bitcoin, anticipating a price surge due to various factors including a potential spot Bitcoin ETF approval. Bill Ackman revealed a $10M investment in Elon Musk's private company, X. A Swedish strike could impact Tesla's labor relations, and Tesla warned that the EV tax credit for two Model 3 versions will drop to $3,750 next year.

Portfolio Pulse from Benzinga Neuro

December 04, 2023 | 10:15 am

GOOG

GOOGL

Google has postponed the launch of its next-gen AI model, Gemini, to early 2024 due to issues with non-English prompts. Gemini, which can process text and images, is expected to outperform OpenAI's GPT-4. The delay may affect Google's competitive stance in the AI market, where it has invested in startups like Anthropic.

Portfolio Pulse from Benzinga Neuro

December 04, 2023 | 9:59 am

TTWO

Rockstar Games, owned by Take Two Interactive (NASDAQ:TTWO), has announced the release date for the Grand Theft Auto 6 (GTA 6) trailer as December 5, 2023, to celebrate its 25th anniversary. The announcement follows a leak of the game's footage by an employee's child on TikTok. The trailer release is set just before The Game Awards event on December 7. GTA 6 is expected to launch between April 2024 and May 2025, with official development announced in September 2022.

Portfolio Pulse from Rounak Jain

December 04, 2023 | 9:55 am