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Stock Prices

GTLB

Goldman Sachs analyst Kash Rangan has reaffirmed a Buy rating on GitLab (NASDAQ:GTLB) and increased the price target from $70 to $80.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 4:09 pm

ARVN

Jefferies analyst Akash Tewari upgraded Arvinas (NASDAQ:ARVN) from Hold to Buy and increased the price target from $32 to $40, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 4:08 pm

AAPL

ADP

AMZN

GLD

GOOG

META

MSFT

NVDA

QQQ

SLV

SMIN

SPY

TSLA

USO

Investors expect the European Central Bank to cut rates six times by 2024, potentially before the Fed does. ADP data indicates a Goldilocks economy with employment change lower than expected but still positive. U.S. Q3 Unit Labor Costs fell more than anticipated, and productivity surged, which is positive for the stock market. India's stock market capitalization reached $4 trillion, with iShares MSCI India Small-Cap ETF (SMIN) up 31.2% YTD. Early trade money flows are positive for major tech stocks and ETFs like SPY and QQQ. Gold and oil are experiencing mixed actions from the momo crowd and smart money. Bitcoin crossed $44,000. The Arora Report advises investors to maintain a balance of cash, hedges, and good long-term positions.

Portfolio Pulse from The Arora Report

December 06, 2023 | 4:08 pm

VRNT

Verint Systems Inc. (NASDAQ:VRNT) is expected to report lower Q3 earnings with an estimate of 57 cents per share compared to 69 cents per share a year ago. Revenue is projected at $215.90 million. The company previously reported weaker-than-expected Q2 results. Shares dropped 1.1% to $24.26. Analysts from TD Cowen, Wedbush, and Evercore ISI Group have revised their ratings and price targets for VRNT.

Portfolio Pulse from Lisa Levin

December 06, 2023 | 4:07 pm

CPB

Campbell Soup (CPB) stock is up following the release of their Q1 adjusted EPS figures, which exceeded expectations. The company also confirmed that their guidance for FY24 remains unchanged.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 4:07 pm

BTCUSD

A cryptocurrency analyst, CrediBULL Crypto, advises against shorting Bitcoin and altcoins during the current rally, stating that the market is not 'overheated' based on hard data. The analyst highlights a recent short squeeze and healthy funding rates as indicators that the rally could continue. He predicts Bitcoin will break through major resistance levels, particularly the $40,000 mark, more quickly than expected.

Portfolio Pulse from Murtuza Merchant

December 06, 2023 | 4:07 pm

ARVN

PFE

Arvinas, Inc. (ARVN) stock price increased following the announcement of positive interim data from a Phase 1b trial of Vepdegestrant in combination with Palbociclib, conducted in partnership with Pfizer.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 4:06 pm

STT

State Street, at a Goldman Sachs conference, discussed the ongoing pricing pressure in the competitive financial services landscape. The company indicated that keeping up with market practices and pricing is becoming 'table stakes', suggesting that this pressure could negatively impact its profitability.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 4:05 pm

PLUG

Morgan Stanley analyst Arthur Sitbon downgraded Plug Power Inc (PLUG) from Equal-Weight to Underweight and reduced its price target from $3.50 to $3, citing liquidity concerns and worsening hydrogen economics. Meanwhile, Sitbon reiterated an Overweight rating on Bloom Energy Corp (BE) but lowered the price target from $23 to $22, highlighting strong demand and profitability in its fuel cell business. PLUG shares dropped by 7.31% to $3.93, while BE shares rose by 0.54% to $14.99.

Portfolio Pulse from Priya Nigam

December 06, 2023 | 4:05 pm

ADBE

Benzinga's options scanner observed 13 unusual options trades for Adobe (NASDAQ:ADBE), indicating a predominantly bearish sentiment among big-money investors, with 84% bearish and 15% bullish. The trades included 6 puts and 7 calls with a focus on a price range between $350 and $650 over the last three months. The largest trades were a mix of neutral, bearish, and bullish sentiments with various expiration dates and strike prices. Adobe's stock is slightly down with a potential overbought RSI, and earnings are expected in 7 days. Analysts have mixed opinions with an average price target of $683.33, with ratings ranging from Overweight to Outperform.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 4:01 pm