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TEO

Scotiabank analyst Andres Coello downgraded Telecom Argentina (NYSE:TEO) from Sector Perform to Sector Underperform and set a price target of $5.7.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 10:21 am

NVDA

Nvidia Corp (NASDAQ:NVDA) has postponed the launch of its new AI chip, the H20, in China to Q1 of the next year due to server manufacturers' integration challenges. The H20 is one of three China-specific chips designed to comply with U.S. export restrictions. Despite the delay, Nvidia remains profitable with a $6 billion profit earlier this year. The delay could affect Nvidia's market share in China, where it faces competition from local firms like Huawei Technologies Co.

Portfolio Pulse from Anusuya Lahiri

November 24, 2023 | 10:14 am

HCM

Deutsche Bank analyst Cyrus Ng has upgraded HUTCHMED (China) from Hold to Buy and increased the price target from $20 to $22.1.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 10:08 am

EWJ

NVO

Novo Nordisk is set to launch its obesity drug Wegovy in Japan in February, as reported by Reuters. This expansion into the Japanese market follows the drug's strong demand in existing markets.

Portfolio Pulse from Charles Gross

November 24, 2023 | 9:56 am

TRMR

Needham analyst Laura Martin has reiterated a Buy rating on Tremor International (NASDAQ:TRMR) and maintained a $5 price target on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 9:32 am

AEO

BBY

HTHT

JT

WMT

Investors are watching several stocks as U.S. futures trade mixed. H World Group (HTHT) is expected to report earnings, with shares slightly down in after-hours. American Eagle (AEO) reported a revenue increase, beating estimates, with shares up 1%. Jianpu Technology (JT) will report unaudited Q3 results, with shares last at $1.02. Best Buy (BBY) reported strong Q3 earnings but cut FY24 guidance, with shares slightly up. Walmart (WMT) had upbeat Q3 sales but shares fell slightly.

Portfolio Pulse from Lisa Levin

November 24, 2023 | 9:24 am

NVDA

Nvidia Corp. (NASDAQ:NVDA) reported strong Q3 results with $18.12 billion in revenue, but concerns arose as revenue from Singapore surged 404% year-over-year, now accounting for 15% of total revenue. This significant increase has led to suspicions of fraud among bearish investors. Singapore's growing status as a tech hub, with a robust digital infrastructure, may explain the rise in Nvidia's revenue from the region. Despite the positive results, Nvidia's stock fell 2.46% after the report.

Portfolio Pulse from Shanthi Rexaline

November 24, 2023 | 7:07 am

AAPL

AMZN

Apple Inc's (AAPL) Apple Watch Ultra 2, released in September, is now available at a record-low price of $729.99 on Amazon.com Inc. (AMZN) during Black Friday sales. The price, originally $799, was previously reduced to $739 before an additional coupon brought it down further. The Apple Watch Ultra 2 features improvements such as the S9 SiP chip, Siri on-device, a brighter display, and enhanced water resistance, with a battery life of up to 36 hours or 72 hours in low-power mode.

Portfolio Pulse from Ananya Gairola

November 24, 2023 | 6:24 am

TSLA

A U.S. auto startup, Aitekx, has been ridiculed online for presenting a vehicle at the LA Auto Show that closely resembles Tesla Inc's Cybertruck. The vehicle, named Robotruck 1T, has been criticized for its poor construction and design. Aitekx plans to release the vehicle by 2025 with a range of up to 550 miles and a top speed of 165 mph. Meanwhile, Tesla's original Cybertruck is set for delivery on Nov. 30 at the Gigafactory Texas.

Portfolio Pulse from Anan Ashraf

November 24, 2023 | 5:50 am

AMZN

The German trade union Verdi has called for a strike at five Amazon Inc. (NASDAQ:AMZN) distribution centers in Germany on Black Friday. This action is part of an ongoing dispute since 2013 over Amazon's pay arrangements. Despite the strike, an Amazon spokesperson claimed that the participation is low and that deliveries will not be affected.

Portfolio Pulse from Benzinga Neuro

November 24, 2023 | 5:18 am