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META

Meta Platforms Inc's (NASDAQ:META) stock fell by 8% following CEO Mark Zuckerberg's sale of approximately $190 million worth of shares, his first in two years. Despite this, Meta's stock has risen by 159% in 2023, with a notable increase in November. The stock, which closed at $318.29 on December 5, is expected to recover from its current support level and potentially surpass its previous high of $384 from September 2021.

Portfolio Pulse from Zaheer Anwari

December 06, 2023 | 8:18 pm

AAPL

AVGO

Broadcom Inc (NASDAQ:AVGO) is expected to report $10.98 EPS and $9.41 billion in revenue for Q4. The stock is up 64% YTD, boosted by the AI frenzy and the VMware acquisition. Analysts anticipate another earnings beat, with Oppenheimer's Rick Schafer rating AVGO as Outperform with a $1,100 target, and Rosenblatt's Hans Mosesmann reiterating a Buy rating with a $1,000 target. Broadcom's diversified business and strategic M&As contribute to its growth, with a significant customer relationship with Apple Inc. (NASDAQ:AAPL).

Portfolio Pulse from Surbhi Jain

December 06, 2023 | 8:16 pm

SNOW

Snowflake Inc. (NYSE:SNOW) has seen a decrease in short interest, with the short percent of float dropping 7.98% since the last report. The company has 9.57 million shares sold short, representing 3.0% of available shares for trading. The current short interest suggests it would take about 1.82 days to cover all short positions. This decline in short interest may indicate a more bullish sentiment among investors compared to Snowflake's peers, which have an average short interest of 6.54% of float.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 8:15 pm

HUBS

HubSpot (NYSE:HUBS) has seen a 22.77% decrease in short interest since its last report, with 1.13 million shares sold short, representing 2.34% of its float. The average time to cover these short positions is 1.12 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. HubSpot's short interest is below its peer group average of 3.31%. Short interest levels can be a market sentiment indicator, but a decline does not necessarily predict a near-term rise in stock price.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 8:15 pm

LVS

The article discusses the robust spending by consumers and the government, highlighting the increase in holiday sales and the upward revision of the 3Q GDP growth from 4.9% to 5.2%. It questions the accuracy of government statistics and suggests that government overspending is inflating GDP figures. The article also notes the decline in the Personal Consumption Expenditures Index, hinting at a potential end to inflation. Additionally, it covers Miriam Adelson's sale of $2B of Las Vegas Sands stock to purchase a stake in the Dallas Mavericks, which temporarily impacted LVS stock.

Portfolio Pulse from Gary Brode

December 06, 2023 | 8:15 pm

WDAY

Workday (NYSE:WDAY) has seen a decrease in short interest, with the short percent of float dropping 8.77% since the last report. The company has 3.22 million shares sold short, representing 1.56% of available shares. The average time to cover these short positions is 2.26 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Workday's short interest is below its peer group average of 3.34%.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 8:15 pm

ULTA

Argus Research analyst Kristina Ruggeri has reaffirmed a Buy rating on Ulta Beauty (NASDAQ: ULTA) and increased the price target from $500 to $545, signaling confidence in the company's stock performance.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 8:11 pm

SHOP

RBC Capital analyst Paul Treiber has maintained an Outperform rating on Shopify (NYSE:SHOP) and increased the price target from $80 to $100.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 8:09 pm

MSFT

TIME Magazine named Taylor Swift as its 2023 Person of the Year, with OpenAI founder Sam Altman named CEO of the Year. Despite OpenAI's impact on the tech industry and Microsoft's stock rise, Swift's cultural and economic influence was deemed greater. The decision reflects TIME's criteria for impact rather than morality, as evidenced by the inclusion of controversial figures in the shortlist.

Portfolio Pulse from Aaron Bry

December 06, 2023 | 8:06 pm

AMD

SMCI

Supermicro, Inc. (NASDAQ: SMCI) has announced three new GPU server additions to its H13 generation, featuring AMD Instinct MI300 Series accelerators. These servers are designed for AI and HPC applications, offering significant performance improvements and efficiency. The new systems include an 8-GPU server with MI300X OAM configuration, a 2U liquid-cooled server, and a 4U air-cooled server, both with MI300A APUs. Supermicro's manufacturing capabilities allow for the delivery of 4,000 liquid-cooled racks per month, and the new servers are optimized for large-scale AI training and LLM deployments. The servers feature AMD EPYC 9004 series processors, high-bandwidth memory, and support for 400G Ethernet.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 8:02 pm