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AMZN

GOOG

GOOGL

META

MSFT

Major tech companies like Amazon (AMZN), Alphabet (GOOG/GOOGL), Microsoft (MSFT), and Meta Platforms (META) are focusing on cost control and AI, scaling back their workforce despite business growth. This shift from rapid expansion to prioritizing shareholder value and margins involves targeted job cuts and reallocating resources to AI projects. The tech sector has seen significant layoffs, with Google, Meta, Microsoft, and Amazon reducing their workforces by 12,000, 21,000, 10,000, and 27,000 employees respectively. The industry's layoffs have surged to 141,516 in the first half of the year, a stark increase from the previous year's 6,000.

Portfolio Pulse from Anusuya Lahiri

November 30, 2023 | 6:14 pm

NTNX

Piper Sandler analyst James Fish has maintained an Overweight rating on Nutanix (NASDAQ:NTNX) and increased the price target from $42 to $50.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 6:14 pm

TITN

Titan Machinery Inc. (TITN) shares dropped by 8.1% to $23.41 due to weaker-than-expected quarterly earnings and sales. The company reported earnings of $1.32 per share, missing estimates of $1.53 per share, and sales of $694.12 million, below the expected $727.20 million. Other stocks experienced significant movements in Thursday's mid-day session, with notable gainers and losers across various sectors.

Portfolio Pulse from Lisa Levin

November 30, 2023 | 6:13 pm

NTNX

Piper Sandler analyst James Fish has maintained an Overweight rating on Nutanix (NASDAQ:NTNX) and increased the price target from $42 to $60.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 6:07 pm

BRPHF

Michael Novogratz, CEO of Galaxy Digital Holdings Ltd. (OTC:BRPHF), is optimistic about Bitcoin (CRYPTO: BTC) reaching its all-time highs within the next year, driven by the potential SEC approval of the first American Bitcoin ETF. Bitcoin's resilience is noted despite past volatility, and the approval could lead to a significant capital influx into the ETF market. Novogratz also sees the upcoming election year as a potential boost for digital assets.

Portfolio Pulse from Murtuza Merchant

November 30, 2023 | 6:05 pm

AVGO

CRWD

GM

NNN

On CNBC's Halftime Report, the final trades segment featured recommendations for National Retail Properties (NNN), CrowdStrike Holdings (CRWD), General Motors (GM), and Broadcom (AVGO). These stocks were highlighted as potential investment opportunities.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 6:01 pm

AMTB

Piper Sandler analyst Stephen Scouten has maintained an Overweight rating on Amerant Bancorp (NYSE:AMTB) and increased the price target from $24 to $25.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 6:00 pm

HPE

Hewlett Packard (NYSE:HPE) has received mixed analyst ratings in the last quarter with 1 somewhat bullish, 2 indifferent, and 1 somewhat bearish rating. The average price target among these analysts is $16.75, which is slightly below the current price of $16.81, suggesting a marginal downside. The average price target has seen a minor increase from the previous target of $16.67.

Portfolio Pulse from Benzinga Insights

November 30, 2023 | 6:00 pm

DD

DuPont de Nemours (NYSE:DD) has seen a 14.5% decrease in short interest since its last report, with 7.32 million shares sold short, representing 1.71% of its float. The average time to cover these short positions is 1.91 days. A decrease in short interest can indicate a more bullish sentiment among investors. DuPont has a lower short interest compared to its peer group average of 3.99%.

Portfolio Pulse from Benzinga Insights

November 30, 2023 | 6:00 pm

AMPS

Altus Power (NYSE:AMPS) has received 6 analyst ratings in the last quarter, with 1 bullish and 5 somewhat bullish, and no bearish ratings. The average 12-month price target among these analysts is $9.5, with a high of $12.00 and a low of $7.00, representing a 5.0% decrease from the previous target of $10.00. Analyst ratings are important as they provide guidance on stock performance and are updated typically once per quarter.

Portfolio Pulse from Benzinga Insights

November 30, 2023 | 6:00 pm