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XPEV

XPeng Inc. (NYSE:XPEV) stock is trading higher after Volkswagen announced plans to develop an affordable EV platform in China. XPeng and Volkswagen have a partnership to develop two new EV models for mid-level customers, with a rollout expected in 2026. XPeng recently unveiled the XPeng X9 Large 7-seater MPV for the Chinese market. Over the last five days, XPEV shares have risen over 14%, and in the past six months, they have increased by 114%.

Portfolio Pulse from Erica Kollmann

November 24, 2023 | 4:17 pm

WMT

YGF

YanGuFang International Group Co., Ltd. (NASDAQ:YGF) is expanding its distribution in China by targeting major retail chains such as Yonghui, Century Mart, and RT-MART for its whole grain food products. The company has a diverse product portfolio available in various regions across China and has established new partnerships with supermarkets since the beginning of 2023. YanGuFang, which holds patents and copyrights, aims to strengthen its global market position and contribute to the whole grain industry. YGF shares rose 4.14% to $3.02 in premarket trading.

Portfolio Pulse from Nabaparna Bhattacharya

November 24, 2023 | 4:16 pm

SEEL

Seelos Therapeutics, Inc. (NASDAQ:SEEL) has announced a 1-for-30 reverse stock split effective on November 28, 2023. The action aims to comply with Nasdaq's minimum bid price requirement for continued listing. Post-split, the number of authorized shares will decrease from 480 million to 16 million, and the number of outstanding shares will reduce from 167.7 million to approximately 5.6 million. The reverse split will also affect outstanding warrants, stock options, and equity incentive plans with adjusted exercise prices.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 4:01 pm

ASML

ASML Holding (NASDAQ:ASML) is analyzed against its peers in the Semiconductors & Semiconductor Equipment industry. ASML leads in photolithography systems and primarily serves TSMC, Samsung, and Intel. It shows potential for growth with a lower P/E ratio than the industry average, trades at a premium based on its P/B ratio, and may be overvalued in terms of P/S ratio. ASML's ROE, EBITDA, gross profit, and revenue growth are significantly higher than the industry average, indicating strong financial performance. The company also has a favorable debt-to-equity ratio compared to its top 4 peers.

Portfolio Pulse from Benzinga Insights

November 24, 2023 | 4:00 pm

CHKP

Check Point Software (NASDAQ:CHKP) has received 4 analyst ratings in the last quarter, with 1 bullish and 3 indifferent. The average price target is $145.25, suggesting a slight upside from the current price of $143.43. Over the past month, this target has increased by 11.09%. Analyst ratings are periodic evaluations from financial experts based on company performance and forecasts.

Portfolio Pulse from Benzinga Insights

November 24, 2023 | 4:00 pm

AMGN

Amgen (NASDAQ:AMGN) is analyzed in comparison to its biotechnology industry peers. It has a lower P/E ratio, suggesting potential for growth, but higher P/B and P/S ratios, indicating possible overvaluation. Amgen's ROE, EBITDA, gross profit, and revenue growth are above industry averages, showing strong financial performance. However, a high debt-to-equity ratio could signal financial risk. Amgen's portfolio includes drugs for various diseases and a growing biosimilar portfolio, with recent acquisitions enhancing its offerings.

Portfolio Pulse from Benzinga Insights

November 24, 2023 | 4:00 pm

AMZN

Amazon (NASDAQ:AMZN) has launched a series of Black Friday deals, with significant discounts on a variety of cannabis-related products. The deals include a range of items from herb infusers and decarboxylators to gardening tools, storage solutions, books, and even scented candles. The discounts are substantial, with some items more than 50% off their original prices. These deals are likely to attract customers interested in cannabis-related products and could potentially increase sales for Amazon during the Black Friday shopping period.

Portfolio Pulse from Benzinga Cannabis

November 24, 2023 | 3:59 pm

CNHI

UBS analyst Steven Fisher has maintained a Buy rating on CNH Industrial (NYSE:CNHI) but has reduced the price target from $20 to $15.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 3:57 pm

MA

Mastercard (NYSE:MA) has seen a 3.64% rise in short interest since the last report, with 4.69 million shares sold short, representing 0.57% of available shares. It would take about 1.54 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, Mastercard has less short interest compared to its peer group average of 6.28%. This data suggests investors should be cautious, but not necessarily expect a near-term decline in stock price.

Portfolio Pulse from Benzinga Insights

November 24, 2023 | 3:45 pm

AXP

American Express (NYSE:AXP) has seen a decrease in short interest, with the short percent of float dropping 4.42% since the last report. The company has 6.24 million shares sold short, representing 1.08% of available shares, with a cover time of 1.57 days. This decline in short interest may indicate a more bullish sentiment among investors, although it doesn't necessarily predict a near-term price rise. American Express has a lower short interest compared to its peer group average of 8.81%.

Portfolio Pulse from Benzinga Insights

November 24, 2023 | 3:45 pm