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ATHE

Alterity Therapeutics' stock price has increased following the announcement of positive efficacy data for its drug ATH434 in a primate model of Parkinson's disease.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 4:17 pm

SWAV

Morgan Stanley analyst Patrick Wood has maintained an Overweight rating on ShockWave Medical (NASDAQ:SWAV) but reduced the price target from $284 to $223.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 4:12 pm

TWLO

Twilio Inc (NYSE:TWLO) announced a workforce reduction of 5%, expecting to incur $25 million - $35 million in charges, mainly in Q4 2023. The company reaffirmed its Q4 revenue forecast of $1.03 billion - $1.04 billion and adjusted EPS of 53 - 57 cents. Twilio is streamlining its Communications business and revising its approach for Flex and Segment due to below-expectation growth in TD&A. Twilio Flex will now be reported under the Twilio Communications segment. The company is discontinuing Twilio Programmable Video as a standalone product to focus on core offerings like Messaging, Voice, and Email. CEO Jeff Lawson is optimistic about the company's direction, emphasizing opportunities in CustomerAI. Anson Funds recently acquired a stake in Twilio and is pushing for its sale. TWLO shares dropped by 0.85% to $66.19.

Portfolio Pulse from Anusuya Lahiri

December 04, 2023 | 4:11 pm

BRK-A

BRK-B

NU

SPY

Warren Buffett, known for his value investing strategy, has been a vocal critic of Bitcoin, referring to it as 'rat poison squared' in 2018. Despite his skepticism, Bitcoin has significantly outperformed Berkshire Hathaway and the S&P 500 since then. An investment of $1,000 in Bitcoin on the day of Buffett's comment would now be worth $4,180.80, a 318.1% return, compared to Berkshire's 84.3% and the S&P 500's 71.1% over the same period. Buffett's company, Berkshire Hathaway, indirectly has exposure to Bitcoin through its shares in Nu Holdings, a crypto-friendly Latin American digital bank.

Portfolio Pulse from Chris Katje

December 04, 2023 | 4:10 pm

WOOF

Morgan Stanley analyst Simeon Gutman has maintained an Equal-Weight rating on Petco Health and Wellness (NASDAQ:WOOF) but reduced the price target from $5 to $3.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 4:06 pm

GIII

G-III Apparel Group, Ltd. (NASDAQ:GIII) is expected to report increased earnings for Q3 2024, with estimates at $2.05 per share compared to $1.35 per share in the previous year. Revenue is projected at $1.13 billion. The company previously reported a 9% year-on-year sales growth in Q2 FY24. Shares closed up 1.4% at $29.17 recently. Analysts from Barclays, Wells Fargo, Piper Sandler, and UBS have updated their price targets for GIII, maintaining ratings but increasing their targets.

Portfolio Pulse from Lisa Levin

December 04, 2023 | 4:03 pm

POWL

Powell Industries (NASDAQ:POWL) is expected to release its quarterly earnings report on Tuesday, 2023-12-05, with an estimated EPS of $1.20. Investors are looking for an earnings beat and positive guidance for future growth. Historically, Powell Industries has exceeded EPS estimates, resulting in significant share price increases the following day. Over the last year, POWL shares have risen 175.26%, with the stock trading at $84.64 as of December 01.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 4:01 pm

TGT

Target Corporation (NYSE:TGT) has seen significant options trading activity, with a bullish sentiment prevailing among traders. Analysis of 14 unusual trades indicates a majority of bullish positions, with 12 calls and 2 puts. The options suggest a price range of $75.0 to $170.0 for Target. Notable trades include a bullish call with a strike price of $150 expiring on 09/20/24. Target is the sixth-largest retailer in the U.S., with over $100 billion in sales. The stock is currently trading at $133.84, with a slight decline of -0.7%. Analysts have mixed ratings on Target, with an average target price of $140.2.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 4:00 pm

SKIL

Skillsoft (NYSE:SKIL) is expected to release its quarterly earnings report on Tuesday, 2023-12-05, with an estimated EPS of $-4.25. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, Skillsoft's stock price has reacted negatively to past earnings reports, even when beating EPS estimates. Shares are currently trading at $17.93, down 51.02% over the last 52 weeks. The upcoming earnings report could be a significant indicator for the company's future performance.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 4:00 pm

SLG

SL Green Realty (NYSE:SLG) received 7 analyst ratings in the last quarter with 3 bullish, 3 somewhat bullish, and 1 bearish. The average price target is $41.0, representing a 7.18% decrease from the previous target of $44.17 and a potential downside from the current price of $42.75. Analysts use various data sources to issue ratings, which can influence investor decisions but are subject to human error.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 4:00 pm