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SGML

BMO Capital analyst Joel Jackson has maintained an Outperform rating on Sigma Lithium (NASDAQ:SGML) but reduced the price target from $44 to $40.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 3:24 pm

SPY

The latest S&P Global PMI data for November shows a contraction in the U.S. manufacturing sector, with the index falling to 49.4, and an unexpected growth in the services sector, with the index rising to 50.8. Employment levels decreased for the first time in over three years, with layoffs attributed to subdued demand and rising costs. Input price inflation eased, particularly in manufacturing, aligning with the Fed's 2% target. The mixed PMI data led to a slight decline in the U.S. dollar, while the SPDR S&P 500 ETF Trust (SPY) remained flat during Black Friday trading.

Portfolio Pulse from Piero Cingari

November 24, 2023 | 3:22 pm

PSFE

B of A Securities analyst Jason Kupferberg has maintained an Underperform rating on Paysafe (NYSE:PSFE) and reduced the price target from $13.9 to $13.7.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 3:21 pm

ALLG

BITF

CIG

GDEV

GRCL

ICG

Bitfarms Ltd. (BITF) shares dropped 9.9% after announcing a C$60 million private placement. Other stocks also moved lower: GDEV Inc. (GDEV) fell 11.7% post Q3 sales decline, Allego N.V. (ALLG) dropped 7.8% after a Q3 loss, Gracell Biotechnologies Inc. (GRCL) declined 6% with a narrower-than-expected loss, Intchains Group Limited (ICG) fell 5.6%, and CEMIG (CIG) decreased 5.5% following a downgrade by B of A Securities.

Portfolio Pulse from Lisa Levin

November 24, 2023 | 3:21 pm

ZS

Zscaler, Inc. (NASDAQ:ZS) is expected to report higher earnings for Q1 FY2024 with an estimate of 49 cents per share, up from 29 cents per share a year ago. Revenue is projected at $476.74 million. The company previously reported better-than-expected fiscal Q4 results. Shares fell 0.4% to $190.64 recently. Analysts have revised their price targets and ratings, with upgrades and increases in price targets from BTIG, Rosenblatt, Truist Securities, Jefferies, and Barclays.

Portfolio Pulse from Lisa Levin

November 24, 2023 | 3:20 pm

SPRC

Shares of SciSparc Ltd. (SPRC) were halted due to a circuit breaker, which typically occurs when there is an unusual movement in the stock price, either up or down, triggering a temporary pause in trading to prevent excessive volatility.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 3:18 pm

CHKP

B of A Securities analyst Tal Liani has maintained a Buy rating on Check Point Software (NASDAQ:CHKP) and increased the price target from $140 to $160.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 3:18 pm

HSBC

HSBC Holdings Plc's British customers experienced difficulties with mobile and online banking services during Black Friday, affecting their shopping. HSBC is investigating the issue, which particularly disrupted card purchase authorizations via the mobile app. Customers could still use a one-time code received via SMS for purchases. Downdetector reported over 4,000 users with problems, which later decreased. The majority of issues were with mobile banking, followed by online banking and mobile login. HSBC shares were up 1.45% at $38.59.

Portfolio Pulse from Anusuya Lahiri

November 24, 2023 | 3:17 pm

QUBT

Ascendiant Capital analyst Edward Woo has maintained a Buy rating on Quantum Computing Inc. (NASDAQ: QUBT) but has reduced the price target from $9 to $8.75.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 3:16 pm

IBTO

UDN

UUP

Investors are selling U.S. dollar holdings as expectations grow that the Federal Reserve's rate hike cycle may end, with potential rate cuts in early 2024. The dollar index (DXY) has dropped nearly 3% since November, indicating the worst month in over a year. The Invesco DB USD Index Bearish ETF (UDN) rose 2.8%, while the Bullish Fund ETF (UUP) fell 2.3%. Asset managers are selling dollar positions, with a 1.6% reduction in open dollar positions this month. Foreign investors were net sellers of U.S. Treasuries in September. The iShares iBonds Dec 2033 Term Treasury ETF (IBTO) was down 1.9% in recent trading.

Portfolio Pulse from Neil Dennis

November 24, 2023 | 3:13 pm