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CRWD

Wedbush analyst Taz Koujalgi has reiterated an Outperform rating on CrowdStrike Holdings (NASDAQ:CRWD) and maintained a $200 price target on the stock.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 1:38 pm

MCOM

Micromobility.com Inc. (NASDAQ:MCOM) has announced a 150-for-1 reverse stock split to comply with Nasdaq's minimum bid price requirement. The reverse stock split will take effect on December 4, 2023, and is aimed at maintaining the company's listing on Nasdaq and attracting a broader investor base. The split will adjust all outstanding shares, options, warrants, and convertible notes. Shareholder rights and the number of authorized shares will remain unchanged, while the company's transfer agent, Continental Stock Transfer & Trust Company, will handle the exchange process.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 1:35 pm

WDAY

Workday's stock is up following the release of their Q3 financial results, which exceeded expectations. The company also provided guidance for Q4, which is likely contributing to the positive investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 1:32 pm

AZO

Wedbush analyst Seth Basham has reiterated an Outperform rating on AutoZone (NYSE:AZO) and maintained a price target of $2750 for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 1:32 pm

GM

GM's CFO reported that the recent strike resulted in a production loss of 95,000 units, primarily affecting mid-size trucks and large crossovers. Additionally, GM's CEO anticipates that industry sales of electric vehicles (EVs) in the U.S. will exceed 1 million units for the first time this year.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 1:31 pm

DIS

HON

MA

SNOW

Snowflake Inc (NYSE:SNOW) is set to report Q3 earnings with an expected EPS of 16 cents and revenue of $713.42 million. Analysts are focusing on cloud optimization challenges and potential AI benefits from new products like Snowflake Cortex. The stock is trading at a high P/E ratio of 246, posing downside risks if growth doesn't stabilize. Analyst ratings are generally positive, with a consensus price target of $183.27, while Morgan Stanley has a higher target of $215. Shares were up 0.73% at $171.55 recently.

Portfolio Pulse from Surbhi Jain

November 29, 2023 | 1:31 pm

SPY

USA retail inventories excluding automobiles for October decreased by 0.9% compared to a 0.4% increase in the prior month.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 1:30 pm

HUM

Humana's (NYSE:HUM) short interest has decreased by 5.56% since the last report, with 2.71 million shares sold short, representing 2.21% of available shares. The average time to cover these short positions is 1.91 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Humana has less short interest compared to its peer group average of 3.13%.

Portfolio Pulse from Benzinga Insights

November 29, 2023 | 1:30 pm

BMY

GILD

JNJ

NVS

TSVT

The FDA is reviewing the risks of T-cell malignancies in patients treated with approved CAR T-cell therapies. Six therapies are affected, including products from Bristol Myers Squibb (BMY), 2seventy Bio (TSVT), Johnson & Johnson (JNJ), Novartis (NVS), and Gilead Sciences (GILD). The FDA acknowledges the benefits of these therapies outweigh the risks for approved uses. Bristol Myers Squibb and 2seventy Bio recently faced a delay in seeking expanded approval for Abecma. Analysts suggest varying levels of concern for different therapies, with Novartis' Kymriah potentially facing higher concerns.

Portfolio Pulse from Vandana Singh

November 29, 2023 | 1:30 pm

AMD

Advanced Micro Devices (NYSE:AMD) has seen a 30.1% increase in short interest since its last report, with 40.90 million shares sold short, representing 2.55% of its float. It would take about 1.0 trading day to cover all short positions. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. AMD's short interest is below its peer group average of 3.67%.

Portfolio Pulse from Benzinga Insights

November 29, 2023 | 1:30 pm