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UBS

Over the past 5 years, UBS Group AG (NYSE:UBS) has outperformed the market with an average annual return of 15.77%, turning a $100 investment into $200.11 today. UBS Group currently holds a market capitalization of $86.88 billion.

Portfolio Pulse from Benzinga Insights

November 29, 2023 | 7:30 pm

VVOS

Shares of Vivos Therapeutics were halted due to a circuit breaker after surging 312.5%. The significant increase in stock price triggered the trading halt to manage volatility.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 7:30 pm

DIS

Bob Iger, the CEO of Disney, stated in an interview with CNBC that he had not been actively seeking to return to the company. His comment suggests that his comeback was not self-initiated but likely due to external factors or requests.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 7:28 pm

BIVI

FLNC

FTCH

HRL

ROVR

SEEL

VVOS

U.S. stocks traded higher, with the Dow Jones gaining over 100 points. Hormel Foods Corp reported Q4 sales decline and missed earnings estimates, projecting lower FY24 EPS than expected. Vivos Therapeutics received FDA clearance, causing shares to surge. Rover Group will be acquired by Blackstone. Fluence Energy reported strong Q4 results and provided FY24 guidance. BioVie, Seelos Therapeutics, and Farfetch saw significant share price drops due to negative news. The U.S. economy grew more than expected in Q3, and corporate profits jumped.

Portfolio Pulse from Lisa Levin

November 29, 2023 | 7:20 pm

CL

JP Morgan analyst Andrea Teixeira has maintained an Overweight rating on Colgate-Palmolive (NYSE:CL) and increased the price target from $83 to $88, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 7:19 pm

TSLA

Tesla Inc (NASDAQ: TSLA) is set to begin deliveries of the Cybertruck, with analyst Dan Ives of Wedbush maintaining an Outperform rating and a $310 price target. The launch is seen as a historical moment for Tesla and CEO Elon Musk, showcasing the vehicle's features and production plans. Tesla aims to deliver 2,000 to 3,000 units in Q4 2023, reaching 10,000 per quarter in H1 2024, and targeting annual production of 250,000 by FY 2025. The Cybertruck's pricing is expected to be announced, with estimates ranging from $50,000 to $80,000. The production ramp-up is anticipated to be challenging, with the vehicle not expected to be cash flow positive for 12 to 18 months. The launch is important for Tesla's growth and to demonstrate Musk's ability to expand the company's influence in the EV market.

Portfolio Pulse from Chris Katje

November 29, 2023 | 7:19 pm

CCEP

JP Morgan analyst Jared Dinges has maintained an Overweight rating on Coca-Cola Europacific (CCEP) and increased the price target from $72.5 to $77. This adjustment reflects a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 7:09 pm

RBC

RBC Bearings Inc (NYSE:RBC) stock was upgraded by Bank of America Securities from Underperform to Buy, with a price target increase from $230 to $280. Analyst Ronald Epstein cites potential for significant margin expansion due to efficiency gains and a successful defense expansion strategy. The company has seen gross margin and adjusted operating margin growth despite industrial segment headwinds, attributed to synergies from the Dodge acquisition. Strong demand in commercial aerospace and OEM production ramp-up are also beneficial. RBC Bearings' shares rose by 5.98% to $256.74 following the upgrade.

Portfolio Pulse from Priya Nigam

November 29, 2023 | 7:09 pm

AMC

There was a notable options market activity for AMC Entertainment Holdings, where a sweep of 513 call options with a strike price of $9 and an expiration date of January 19 was executed near the asking price at $0.54 each. This is compared to an open interest of 5458 for the same option. The underlying stock reference price at the time was $7.195.

Portfolio Pulse from Charles Gross

November 29, 2023 | 7:07 pm

SPY

The Federal Reserve's Beige Book, prepared by the Federal Reserve Bank of Atlanta, summarizes economic information collected up to November 17, 2023. The report is used to gauge economic conditions across various regions and sectors in the United States. While the article does not provide specific details from the report, the Beige Book's findings can influence investor sentiment and monetary policy decisions, which in turn can affect the stock market and related ETFs like SPY.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 7:02 pm