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TDC

Teradata's stock (TDC) fell by 9% due to cautious comments made at the Barclays Conference, as reported by traders.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 5:56 pm

NIO

NVTS

QCOM

NIO Inc. shares are declining due to reports of further job cuts for cost-cutting and efficiency. The company had previously announced a 10% workforce reduction, and new reports suggest this could increase to 20%-30% in certain departments. NIO's CEO William Li described the layoffs as a necessary response to competition. Concurrently, NIO has launched a smartphone featuring Navitas Semiconductor's GaNFast power ICs and QUALCOMM's Snapdragon 8 Gen 2 chip. The NIO Phone aims to enhance the vehicle-centric mobile interconnection experience for users. NIO's stock fell by 4% to $7.43.

Portfolio Pulse from Nabaparna Bhattacharya

December 07, 2023 | 5:53 pm

BASE

Couchbase, Inc. (NASDAQ:BASE) exceeded Q3 earnings expectations with an adjusted loss of 8 cents per share versus the estimated 18 cents and reported sales of $45.81 million against the expected $43.10 million. The company also provided a strong FY24 revenue outlook of $176.2 to $176.8 million, surpassing the $173.52 million estimate. Despite the positive results, Couchbase shares dropped 3.8% to $19.18. Following the earnings report, Morgan Stanley and RBC Capital raised their price targets on Couchbase to $21 and $26, respectively, with Morgan Stanley maintaining an Equal-Weight rating and RBC Capital maintaining an Outperform rating.

Portfolio Pulse from Avi Kapoor

December 07, 2023 | 5:53 pm

AMZN

WMT

Amazon.com, Inc (NASDAQ:AMZN) has made significant strides in 2023, including AI-driven logistics, grocery business overhaul, AI chip development, and a rivalry with Walmart Inc (NYSE:WMT). CEO Andy Jassy discussed Amazon's strategy for same-day order fulfillment, which has led to 60% of shipments in top metropolitan areas being delivered the same or next day. This has improved customer conversion rates. Prime Video also secured a multiyear rights agreement with Premier Boxing Champions, starting in March 2024. AMZN stock was up 1.99% to $147.39.

Portfolio Pulse from Anusuya Lahiri

December 07, 2023 | 5:52 pm

AAPL

AMZN

BRK-A

BRK-B

TSLA

Charlie Munger, the late vice chairman of Berkshire Hathaway, learned from the See's Candies acquisition that paying full price for a beloved brand can be a bargain. This shaped his and Warren Buffett's investment strategy, focusing on companies with fair prices and loyal customers. They initially passed on Amazon and Tesla, considering them too risky despite admiring their founders. However, they later invested in Apple, which became a significant part of Berkshire's portfolio. Munger passed away at 99, leaving behind a legacy of value investing.

Portfolio Pulse from Adam Eckert

December 07, 2023 | 5:49 pm

OLLI

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) reported higher than expected earnings for Q3, with a 14.8% Y/Y sales increase to $480.05 million and adjusted EPS of 51 cents, surpassing the consensus of 44 cents. The company raised its FY23 net sales and adjusted EPS outlook, but shares fell 3.1% following the announcement. UBS and RBC Capital increased their price targets on OLLI, maintaining Neutral and Outperform ratings respectively.

Portfolio Pulse from Avi Kapoor

December 07, 2023 | 5:48 pm

DISH

SATS

EchoStar Corporation's stock is trading higher following the FCC's approval for the transfer of control of Dish Network and its subsidiaries to EchoStar. This regulatory approval is a significant step in the consolidation process between the two entities, potentially leading to operational synergies and a more streamlined corporate structure.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 5:47 pm

TOL

Toll Brothers, Inc. (NYSE:TOL) exceeded Q4 earnings expectations with $4.11 per share against estimates of $3.71 and reported sales of $3.02 billion, surpassing the $2.77 billion forecast. The company anticipates 1,800-1,900 deliveries in Q1 and 9,850-10,350 for FY24. Post-earnings, TOL shares rose 2.6% to $91.23. Analysts from Barclays, Goldman Sachs, UBS, and RBC Capital revised their price targets for TOL, with UBS setting the highest target at $112.

Portfolio Pulse from Avi Kapoor

December 07, 2023 | 5:42 pm

GOOG

GOOGL

MSFT

NVDA

Wedbush analyst Dan Ives praised Microsoft CEO Satya Nadella and Nvidia CEO Jensen Huang as leaders in the AI revolution. Ives is bullish on Microsoft's prospects for 2024, especially after the company's involvement with OpenAI and the return of Sam Altman as OpenAI's CEO. Microsoft has integrated OpenAI's GPT-4 and Dall-E 3 into its services, while Google has launched its AI model Gemini, which competes with OpenAI's GPT-4.

Portfolio Pulse from Rounak Jain

December 07, 2023 | 5:40 pm

CCG

CNFRZ

FANH

FGFPP

HIPO

HUIZ

IGIC

MHLA

MHLD

MRAI

TIRX

WDH

In Thursday's intraday session, insurance stocks saw movement with Marpai, Huize Holding, Tian Ruixiang Holdings, Fanhua, Maiden Hldgs, and Intl General Insurance recording gains, while Conifer Holdings, FG Finl Gr, Waterdrop, Maiden Holdings Ltd. Notes, Cheche Group, and Hippo Holdings experienced losses. Notably, Waterdrop's Q3 earnings were released.

Portfolio Pulse from Benzinga Insights

December 07, 2023 | 5:40 pm