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BABA

COST

DRI

JD

LEN

QQQ

SCHL

SPY

US stocks are set for a seventh consecutive session of gains, with small-cap stocks showing strength. The market is cautious due to the upcoming 'quadruple witching' which could introduce volatility. Economic data on manufacturing and industrial production will be watched to assess the Federal Reserve's soft-landing approach. Energy stocks led Thursday's gains, while defensive utilities fell. Analysts predict the S&P 500 Index to end 2024 between 4,700 and 4,800, with small-cap stocks potentially outperforming. In premarket trading, SPY and QQQ ETFs rose, while individual stocks like COST, LEN, and SCHL showed varied movements. Alibaba and JD.com rallied on Chinese stimulus hopes. DRI is set to report earnings, and global markets are generally up, with oil prices increasing.

Portfolio Pulse from Shanthi Rexaline

December 15, 2023 | 12:35 pm

CLVT

Wells Fargo analyst Seth Weber downgraded Clarivate (NYSE:CLVT) from Equal-Weight to Underweight and set a price target of $8.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 12:35 pm

SNY

Sanofi SA (NASDAQ:SNY) received a positive opinion from the EMA's CHMP for Fexinidazole Winthrop, the first oral treatment for acute sleeping sickness (rhodesiense). This treatment is for adults and children over six years old and paves the way for WHO guideline updates and distribution in affected African countries. Sanofi's shares are down 0.62% in premarket trading.

Portfolio Pulse from Vandana Singh

December 15, 2023 | 12:25 pm

BKD

B of A Securities analyst Joanna Gajuk upgraded Brookdale Senior Living (NYSE:BKD) from Underperform to Neutral and increased the price target from $3.95 to $6, potentially indicating an improved outlook for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 12:23 pm

INTC

B of A Securities analyst Vivek Arya has upgraded Intel (NASDAQ:INTC) from Underperform to Neutral and increased the price target from $32 to $50.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 12:19 pm

CLX

B of A Securities analyst Anna Lizzul upgraded Clorox (NYSE:CLX) from Underperform to Neutral and increased the price target from $120 to $150.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 12:12 pm

CL

B of A Securities analyst Bryan Spillane has upgraded Colgate-Palmolive (NYSE:CL) from Neutral to Buy and set a price target of $90.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 12:11 pm

AMZN

DG

DLTR

ETSY

PDD

Amazon is intensifying its efforts in China to compete with online discount retailers Temu and Shein by engaging China-based sellers. Amazon plans to open an innovation center near Shenzhen to support Asia-Pacific sellers with product launches and digital strategies. The company is also extending its supply chain service to Chinese sellers, which simplifies the movement of goods. Despite not operating in China, Amazon has seen a 20% growth in sales from Chinese sellers in 2023. Temu and Shein are expanding their presence, with Temu capturing 17% of the U.S. discount store market share. Amazon is adjusting seller fees to stay competitive, while Etsy is focusing on non-disposable products to differentiate itself.

Portfolio Pulse from Anusuya Lahiri

December 15, 2023 | 12:10 pm

GNS

Genius Group anticipates a significant increase in full-year 2023 revenue, projecting $27M-$29M, which suggests a 43%-60% year-over-year growth. The company also revised its net profit guidance to $3.0M-$5.0M, a substantial improvement from the previously expected net loss of $(15.4)M-$(17.0)M.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 12:09 pm

MU

B of A Securities analyst Vivek Arya upgraded Micron Technology (NASDAQ:MU) from Neutral to Buy and increased the price target from $77 to $95, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 12:09 pm