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Stock Prices

CRM

JMP Securities analyst Patrick Walravens has maintained a Market Outperform rating on Salesforce (NYSE:CRM) and increased the price target from $275 to $293.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 6:49 pm

AMC

CNK

IMAX

MUSQ

Tina Knowles defended Beyonce against accusations of skin bleaching related to her 'Renaissance Tour' and concert film debut in AMC Theatres. The film is expected to gross $40 million worldwide this week. The music industry is projected to grow significantly, with streaming leading the way. The MUSQ Global Music Industry ETF, which includes companies like Amazon, Apple, Alphabet, Sony, and Spotify, is showing a potential bull flag pattern, indicating a possible upward move.

Portfolio Pulse from Melanie Schaffer

November 30, 2023 | 6:47 pm

SNOW

Mizuho analyst Gregg Moskowitz has maintained a Buy rating on Snowflake (NYSE:SNOW) and increased the price target from $180 to $210.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 6:30 pm

AAPL

GOOG

GOOGL

The U.K. Court of Appeal has overturned a previous ruling that supported Apple Inc's appeal, reinstating the Competition and Markets Authority's (CMA) investigation into mobile browsers and cloud gaming markets. This could impact Apple (AAPL) and Alphabet Inc (GOOG, GOOGL). The CMA's investigation, which Apple challenged, aims to protect consumers and promote competition. The investigation remains on hold pending a potential appeal to the Supreme Court. AAPL shares fell by 0.52% after the news.

Portfolio Pulse from Anusuya Lahiri

November 30, 2023 | 6:30 pm

DOGE-USD

Dogecoin (CRYPTO: DOGE), launched in 2013 as a satirical cryptocurrency, has seen significant returns for early investors. With support from Elon Musk and Mark Cuban, and being accepted by companies and exchanges, Dogecoin's value surged, especially in 2021. An initial $1,000 investment in 2013 would be worth $274,807.88 today, and was worth up to $2,464,416.97 at its peak in May 2021.

Portfolio Pulse from Chris Katje

November 30, 2023 | 6:28 pm

General Motors Co (NYSE:GM) announced a $10 billion share buyback program and a 33% dividend increase, alongside reissued full-year guidance with lower earnings expectations of $11.7-$12.7 billion, down from $12-$14 billion. The guidance adjustment is due to extra labor costs from a UAW settlement. Goldman Sachs raised GM's price target from $42 to $45 with a Buy rating, emphasizing the need for progress in EVs, software, and autonomy. Wedbush maintained an Outperform rating but lowered its target from $46 to $40.

Portfolio Pulse from Neil Dennis

November 30, 2023 | 6:24 pm

AAPL

META

TMUS

Meta Platforms Inc's Quest VR headsets are experiencing low sales due to customers' reluctance to try them on in stores, partly due to hygiene concerns. Despite sanitization efforts, the discomfort from the pandemic persists. Sales are so low that some carrier stores have demoted their placement. Meta, facing high costs and upcoming competition from Apple's Vision Pro, canceled plans for its own retail stores and instead extended return policies to encourage home trials. META shares dropped by 2.65% recently.

Portfolio Pulse from Anusuya Lahiri

November 30, 2023 | 6:20 pm

AMD

AMZN

MSFT

NVDA

TSM

Nvidia Corp (NVDA) stock is trading lower, alongside peers AMD and supplier TSM. Microsoft's Brad Smith downplayed the near-term development of AGI, while Nvidia's CEO Jensen Huang suggested U.S. chip supply chain independence could take up to two decades. Despite this, Nvidia remains committed to China and has strengthened its chip partnership with Amazon and engaged with Chinese experts for autonomous vehicle technology. Huang also believes AGI could be developed within five years. NVDA shares fell by 3.25%.

Portfolio Pulse from Anusuya Lahiri

November 30, 2023 | 6:17 pm

MRK

Merck & Co Inc. (NYSE:MRK) saw a slight increase of 0.07% to $101.20 in the current market session, despite a decrease over the past month and year. The stock's P/E ratio of 56.18 is higher than the Pharmaceuticals industry average of 35.89, which could suggest that Merck is expected to perform better or may be overvalued.

Portfolio Pulse from Benzinga Insights

November 30, 2023 | 6:15 pm

LSCC

Deutsche Bank initiated coverage on Lattice Semiconductor Corp (NASDAQ:LSCC) with a Buy rating and a price target of $70. LSCC, known for its small FPGAs, is expected to continue its growth trajectory and maintain high operating/FCF margins despite near-term macro weakness. The bank sees the current valuation as an attractive entry point, with a favorable risk-reward balance. LSCC shares were trading down by 1.68% at $58.07 at the last check.

Portfolio Pulse from Shivani Kumaresan

November 30, 2023 | 6:14 pm