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KSS

LEVI

Levi Strauss & Co (NYSE:LEVI) announced that CEO Chip Bergh will retire on April 26, 2024. Michelle Gass, former CEO of Kohl's Corporation (NYSE:KSS), will succeed him as president and CEO starting January 29, 2024. Bergh will become executive vice chair of the board until his retirement and then serve as a senior advisor until the end of the fiscal year 2024. Bergh is credited with taking Levi Strauss public in 2019 and expanding its brand portfolio.

Portfolio Pulse from Shivani Kumaresan

December 08, 2023 | 11:38 am

MSFT

The 2023 Game of the Year 'Baldur's Gate 3' is now available on Xbox Series X and S, priced at $69.99. The game, developed by Larian Studios, was previously launched on PC and PS5. The Xbox version features cross-save with Steam but lacks split-screen co-op on the Series S and cross-save with PS5. The game's unique gameplay and features, such as a romance option with a shape-shifting druid character, contribute to its popularity.

Portfolio Pulse from Benzinga Neuro

December 08, 2023 | 11:37 am

MULN

UBS

Mullen Automotive has filed a complaint accusing UBS Securities, IMC Financial Markets, and Clear Street Markets of market manipulation to affect Mullen's share price. The complaint alleges spoofing, a practice where traders make deceptive bids or offers with the intent to cancel them before execution to manipulate stock prices.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 11:35 am

SLM

Wells Fargo analyst Michael Kaye has upgraded SLM Corporation (NASDAQ:SLM) from Equal-Weight to Overweight and set a price target of $20.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 11:33 am

AMD

NVDA

TSM

Nvidia Corp is in advanced talks with Malaysian conglomerate YTL for a data center collaboration in Southeast Asia, focusing on cloud infrastructure and AI chips. Nvidia's CEO Jensen Huang visited Malaysia, highlighting the strategic importance of the region and potential significant investments in Singapore. Nvidia's revenue from Singapore was $2.7 billion in the last quarter, a notable increase. Despite a global chip market slowdown, Nvidia's demand for AI chips remains strong, benefiting Taiwan Semiconductor Manufacturing Co (TSMC), which saw a revenue downturn. Advanced Micro Devices (AMD) also expects the AI chip market to grow significantly.

Portfolio Pulse from Anusuya Lahiri

December 08, 2023 | 11:29 am

BLUE

Morgan Stanley analyst Jeffrey Hung has upgraded bluebird bio (NASDAQ:BLUE) from Underweight to Equal-Weight and increased the price target from $3 to $7.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 11:24 am

LULU

Barclays analyst Adrienne Yih has maintained an Overweight rating on Lululemon Athletica (NASDAQ:LULU) and increased the price target from $480 to $530.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 11:20 am

MOMO

Hello Group Inc (NASDAQ:MOMO) reported a Q3 FY23 net revenue decline of 5.9% Y/Y to $417.1 million, narrowly missing consensus estimates by $0.1 million. Adjusted net income per ADS was $0.42, beating the consensus of $0.35. MAUs on Tantan and paying users for both Momo and Tantan apps declined Y/Y. Live video service and value-added service revenues decreased, while mobile marketing and games revenues increased. The company expects Q4 revenue to decrease by 9.7% - 6.6% Y/Y, with the stock down 30.9% YTD but trading higher by 8.37% premarket.

Portfolio Pulse from Anusuya Lahiri

December 08, 2023 | 11:16 am

SPOT

Barclays analyst Mario Lu has maintained an Overweight rating on Spotify Technology (NYSE:SPOT) and increased the price target from $186 to $216.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 11:15 am

FENG

Phoenix New Media Limited (NYSE:FENG), a prominent new media company in China, has announced the renewal of its trademark license agreements with a subsidiary of its parent company, Phoenix Satellite Television Holdings Limited ('Phoenix TV'). The original agreements were established on December 8, 2017, and this renewal ensures the continued use of the trademarks by Phoenix New Media's affiliated consolidated entities.

Portfolio Pulse from Charles Gross

December 08, 2023 | 11:13 am