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BLUE

Trading in shares of Bluebird Bio (BLUE) is set to resume at 1:30 p.m. ET after being temporarily halted.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 6:20 pm

AAPL

RBLX

UMGNF

Nicki Minaj is collaborating with Roblox Corp (NYSE:RBLX) for the launch of her new album 'Pink Friday 2,' which has already topped the US Apple Music charts, surpassing SZA's 'SOS'. The album, produced by Universal Music Group NV (OTC:UMGNF), features artists like J. Cole and Drake. Roblox shares surged by 2.93% following the news, with strong Q3 FY23 results showing a 20% increase in Bookings and a 38% revenue rise. The stock has surged over 46% year-to-date.

Portfolio Pulse from Franca Quarneti

December 08, 2023 | 6:12 pm

AES

AMPS

ARRY

FSLR

NEE

PLUG

SHLS

SPWR

Morgan Stanley analysts are optimistic about the clean tech sector, predicting vigorous growth over the next decade. They have upgraded First Solar Inc (FSLR) to Overweight with a price target of $237. Other Overweight-rated stocks include NextEra Energy Inc (NEE), The AES Corp (AES), Bloom Energy Corp (BE), and Altus Power Inc (AMPS). However, they rated Plug Power Inc (PLUG) and SunPower Corp (SPWR) as Underweight. Shoals Technologies Group Inc (SHLS) and Array Technologies Inc (ARRY) are seen as having significant downside. Key themes affecting valuations in 2024 include interest rates, deflation in clean energy technologies, election cycle effects, and profitable low-risk growth.

Portfolio Pulse from Surbhi Jain

December 08, 2023 | 6:07 pm

BLUE

Bluebird Bio announced the commercial launch of LYFGENIA gene therapy for sickle cell disease patients aged 12+ with a history of vaso-occlusive events. The therapy is priced at $3.1M and will be available through a network of Qualified Treatment Centers in Q1 2024. Bluebird offers outcomes-based contracts to payers and a patient support program. Clinical data shows LYFGENIA may be curative, reducing healthcare costs and improving life quality. Discussions are ongoing with major payers and Medicaid agencies, with 27 centers ready for patient referrals.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 6:04 pm

MARA

RIOT

Shares of Riot Platforms, Inc. (RIOT) and Marathon Digital Holdings, Inc. (MARA) are rising due to the ongoing Bitcoin (BTC) rally and anticipation of Blackrock's spot Bitcoin ETF approval. JP Morgan upgraded RIOT to Neutral, and Roth MKM raised RIOT's price target. MARA reported producing 1,187 bitcoins and RIOT produced 552 bitcoins in November. Both stocks are up over 5%.

Portfolio Pulse from Erica Kollmann

December 08, 2023 | 6:02 pm

TSM

TWLO

On CNBC's Halftime Report, analysts shared their final trades, which included Twilio Inc. (TWLO), Taiwan Semiconductor Manufacturing Company (TSM), and The Boeing Company (BA). These stock picks are highlighted as potential investment opportunities.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 6:01 pm

UGA

U.S. gasoline prices are expected to fall below $3 a gallon by Christmas, a level not seen since May 2021, as wholesale gasoline prices drop below $2. The United States Gasoline Fund (UGA) ETF, which tracks gas prices, was up 2% at $59.30 despite the fall in pump prices. Oil markets are known for their volatility, and while U.S. consumers may benefit from lower prices, Europeans are facing much higher costs, with prices over $7 a gallon in the UK and France.

Portfolio Pulse from Neil Dennis

December 08, 2023 | 6:01 pm

STEM

Seven Wall Street analysts have provided their opinions on Stem, Inc. (NYSE:STEM) over the past three months, all indicating an indifferent stance with no bullish or bearish ratings. The average 12-month price target for STEM is $4.63, with a high forecast of $7.00 and a low of $3.70. This average price target reflects a 26.86% decrease from the previous average of $6.33. Analyst ratings are based on company data, financial statements, and insider information, and are intended to predict stock performance over the upcoming year.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 6:01 pm

RIOT

Riot Platforms (NASDAQ:RIOT) has significantly outperformed the market with an average annual return of 58.94% over the past 5 years. An initial investment of $1000 in RIOT 5 years ago would now be worth $9,242.60. The company currently holds a market capitalization of $3.11 billion.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 6:00 pm

XOM

Over the past 3 months, 17 Wall Street analysts have provided ratings for Exxon Mobil (NYSE:XOM), with an average price target of $132.88, suggesting an upside from the current price of $99.01. The consensus among these analysts is positive, with 14 out of 17 leaning towards bullish (7 bullish, 7 somewhat bullish) and none bearish. The average price target has seen a slight increase of 0.99% over the past month.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 6:00 pm