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Consumers spent a record $9.8B online on Black Friday, up 7.5% from last year, with overall sales rising 2.5% according to Mastercard. Foot traffic in stores also increased by 2.1%. Cyber Monday is expected to generate about $12B in online sales. Stocks of Affirm Holdings Inc and Shopify Inc are being bought by investors due to their roles in e-commerce and buy now pay later services. However, enthusiasm is tempered by data from China showing a 7.8% fall in October Industrial Profits. Money flows are positive for Apple, Amazon, Microsoft, NVIDIA, and Tesla, but negative for Alphabet and Meta Platforms, and mixed for SPDR S&P 500 ETF Trust and Invesco QQQ Trust. Gold is above $2000, with buying from the momo crowd. Oil is lower due to OPEC+ disagreements, and Bitcoin is range-bound.

Portfolio Pulse from The Arora Report

November 27, 2023 | 6:08 pm

VWAGY

Volkswagen AG (OTC:VWAGY) is implementing a €10 billion cost-saving plan, which includes staff reductions, to improve efficiency during its transition to electric vehicle production. The company is negotiating with its works council on this cost-cutting initiative. Volkswagen aims to become more competitive by addressing high costs and redundant structures. The workforce reduction will primarily be through partial or early retirement, but the majority of savings will come from other areas. VWAGY shares dropped by 0.77% to $12.85.

Portfolio Pulse from Shivani Kumaresan

November 27, 2023 | 6:07 pm

IRBT

Shares of iRobot (IRBT) were halted on a circuit breaker due to a rapid decline, with the stock currently down by 20.3%.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 6:06 pm

IRBT

iRobot shares resumed trading after a circuit breaker halt due to a significant drop in stock price. The stock is currently down by 20.3%.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 6:06 pm

GEVO

Stifel analyst Derrick Whitfield has maintained a Buy rating on Gevo Inc. (NASDAQ:GEVO) but has reduced the price target from $3.6 to $2.2.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 6:04 pm

BAC

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GLD

TGT

On CNBC's Halftime Report, the final trades included recommendations for Bank of America, Costco Wholesale, Target, and SPDR Gold Trust. These assets were highlighted as potential investment opportunities.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 6:01 pm

PLD

Prologis (NYSE:PLD) has received 7 analyst ratings in the last quarter, with 6 being bullish and 1 somewhat bullish. The average price target is $132.57, representing an upside from the current price of $112.37. This average price target is a 9.4% decrease from the previous average of $146.33. Analyst ratings are derived from various sources and are used to provide guidance on stocks.

Portfolio Pulse from Benzinga Insights

November 27, 2023 | 6:00 pm

EL

Estee Lauder Cos (NYSE:EL) has experienced a 20% increase in short interest since its last report, with 4.04 million shares sold short, representing 1.74% of its float. The short interest now requires approximately 1.77 days to cover based on average trading volume. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price decline. Compared to its peers, Estee Lauder has a lower short interest as a percentage of float, with the peer group average at 8.32%.

Portfolio Pulse from Benzinga Insights

November 27, 2023 | 6:00 pm

ULCC

Frontier Group Holdings (NASDAQ:ULCC) received 10 analyst ratings in the last quarter, with 0 bullish, 2 somewhat bullish, 8 indifferent, and none somewhat bearish or bearish. The average price target is $6.29, representing an upside from the current price of $4.00. This target has decreased by 36.21% from the previous target of $9.86. Analysts rate stocks typically once a quarter based on financial statements, meetings, and insider information.

Portfolio Pulse from Benzinga Insights

November 27, 2023 | 6:00 pm

MPLX

MPLX (NYSE:MPLX) has seen a significant decrease in short interest, with a 39.53% drop since the last report. The current short interest stands at 11.00 million shares, or 3.12% of the float, with a short-covering time of 6.2 days. This decline in short interest may indicate a more bullish sentiment among investors compared to the company's peers, which have an average short interest of 3.63% of the float.

Portfolio Pulse from Benzinga Insights

November 27, 2023 | 6:00 pm