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VIOT

Viomi Technology Co., Ltd (NASDAQ:VIOT) has upgraded its water purification business to a strategic business unit, emphasizing the company's focus on this area and its R&D strengths. The company reported a 1.7% revenue increase in its Home water solutions unit to $39.5 million for the first half of the year. Viomi appointed Qi Chen, a former general manager at A.O.Smith (China) Water Heater Co., as president of the new strategic business unit. Viomi's cash and equivalents stood at $95.4 million as of June 30, 2023. VIOT shares dropped 3.88% to $0.9228 in premarket trading.

Portfolio Pulse from Nabaparna Bhattacharya

November 24, 2023 | 12:17 pm

BTCUSD

ETHUSD

Macro Guru Raoul Pal expressed his gratitude for Bitcoin and the overall crypto market cap this Thanksgiving. He highlighted Bitcoin's 275,000% gain since 2013 and the total crypto market cap's 44,000% increase since 2015. Pal countered skeptics by noting crypto's performance as the best asset class three out of every four years, even with higher interest rates. He also predicted a 75% surge in Ethereum's price by December, with a target of $3,250.

Portfolio Pulse from Mehab Qureshi

November 24, 2023 | 12:08 pm

AVGO

Broadcom (NASDAQ:AVGO) has received 17 analyst ratings in the last quarter, with 6 bullish, 10 somewhat bullish, and 1 indifferent. There were no somewhat bearish or bearish ratings. The average price target is $990.29, representing an upside from the current price of $975. This average has increased by 9.7% from the previous target of $902.70. Analyst ratings are based on information from company events, financial statements, and insider conversations, and they provide guidance but are subjective opinions.

Portfolio Pulse from Benzinga Insights

November 24, 2023 | 12:00 pm

CBL

FOR

FPI

NMRK

SRC

Five real estate stocks with high RSI values, indicating potential overbought conditions, may face a downturn. Forestar Group (FOR) reported strong Q4 results with a 44% increase in pre-tax income. Newmark Group (NMRK) had better-than-expected Q3 results and strong guidance. CBL & Associates Properties (CBL) showed solid Q3 results with same-center NOI growth. Farmland Partners (FPI) reported a Q3 loss but highlighted the stability of US agriculture. Spirit Realty Capital (SRC) reported better-than-expected Q3 sales. All stocks have RSI values above 70, suggesting they might be overbought.

Portfolio Pulse from Lisa Levin

November 24, 2023 | 11:51 am

FFIE

Faraday Future Intelligent Electric Inc (NASDAQ:FFIE) has entered the Middle East market through strategic agreements with Master Investment Group and Siraj Holding LLC. The company launched the FF Brand and plans to release a limited-edition model, the FF 91 2.0 Futurist aiFalcon, specifically for the Middle East, with deliveries starting in 2024. FFIE delivered its first FF 91 2.0 Futurist Alliance model in the U.S. in August. Sheikh Abdullah bin Mohamed Al Qassimi and Ahmed Khalaf Ahmed Khalaf Otaiba will join Faraday Future's Global Advisory Board and FF Middle East's board of directors to aid in business development and partnerships. FFIE shares saw a premarket increase of 11.67% to $0.5473 on Friday.

Portfolio Pulse from Shivani Kumaresan

November 24, 2023 | 11:44 am

EIS

Elon Musk, CEO of Tesla, is reportedly planning a visit to Israel and the Gaza Strip next week. This follows a recent backlash Musk faced for endorsing anti-Semitic content. During his visit, Musk is expected to meet with Israeli President Yitzhak Herzog and Prime Minister Benjamin Netanyahu. The trip is significant as Musk's relationship with Israel has been complex, especially after offering Starlink services to provide connectivity in Gaza, which was met with opposition from Israel's Communications Minister. Additionally, Musk's endorsement of an anti-Semitic post led to advertisers leaving his social media platform, X. Musk has since announced that X will donate all revenue from advertising and subscriptions related to the Gaza conflict to hospitals in Israel and the Red Cross/Crescent in Gaza. The iShares MSCI Israel ETF (EIS) closed up 1.54% on Wednesday.

Portfolio Pulse from Shanthi Rexaline

November 24, 2023 | 11:39 am

BBGI

CLRO

FBRX

VWE

Insiders at Beasley Broadcast Group, Vintage Wine Estates, Forte Biosciences, and ClearOne have recently purchased shares of their respective companies, all priced under $1. Beasley Broadcast Group CEO Caroline Beasley bought 14,285 shares at $0.73 each, while Vintage Wine Estates Director Jonathan Sebastiani acquired 11,874 shares at $0.54 each. Forte Biosciences Director Paul A Wagner purchased 7,366 shares at $0.44, and ClearOne 10% owner Edward D Bagley bought 11,700 shares at $0.77. These transactions may indicate insider confidence despite recent financial setbacks such as wider quarterly losses or declining sales reported by these companies.

Portfolio Pulse from Lisa Levin

November 24, 2023 | 11:38 am

BYDDF

Chinese EV manufacturer BYD Co Ltd (OTC:BYDDF) has launched its flagship Han sedan in the United Arab Emirates, marking its expansion into the Middle East amid geopolitical tensions limiting its entry into the U.S. and Europe. The company has partnered with Al-Futtaim to represent it in the U.A.E. and plans to launch four models by the end of the year. BYD reported a 38.49% increase in Q3 sales year-over-year and an 81% increase in net profit. The stock closed lower by 0.53% at $30.78 on Wednesday.

Portfolio Pulse from Lekha Gupta

November 24, 2023 | 11:30 am

HTHT

H World Group (NASDAQ:HTHT) exceeded Q3 earnings and sales estimates with an adjusted EPS of $0.58, surpassing the $0.43 forecast, and reported sales of $861.00M, beating the $800.19M estimate. This marks a significant improvement from the previous year's losses and lower sales figures.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 11:16 am

AMZN

BITF

FSR

GRPN

HSAI

IRBT

SAVE

SHLS

XPEV

iRobot Corporation (NASDAQ:IRBT) shares surged in pre-market trading on news that Amazon.com Inc.'s (NASDAQ:AMZN) proposed $1.4 billion acquisition of iRobot is close to receiving unconditional approval from EU antitrust authorities. Other stocks such as Fisker Inc. (NYSE:FSR), Shoals Technologies Group, Inc. (NASDAQ:SHLS), Bitfarms Ltd. (NASDAQ:BITF), XPeng Inc. (NYSE:XPEV), Hesai Group (NASDAQ:HSAI), Groupon, Inc. (NASDAQ:GRPN), and Spirit Airlines, Inc. (NYSE:SAVE) also saw gains in pre-market trading.

Portfolio Pulse from Lisa Levin

November 24, 2023 | 11:15 am