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MSFT

Microsoft Corp (NASDAQ:MSFT) stock rose after OpenAI reinstated Sam Altman as CEO, with a new board including Bret Taylor and Larry Summers. Wedbush analyst Daniel Ives views this as positive, reinforcing Microsoft's relationship with OpenAI. Ives maintains an Outperform rating on Microsoft with a $425 price target. MSFT shares were up 1.48% at $378.61.

Portfolio Pulse from Anusuya Lahiri

November 22, 2023 | 5:25 pm

HPCO

Hempacco Co Inc received a notice from Nasdaq on November 15 regarding delisting or failure to satisfy continued listing rules, as per an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 5:19 pm

AAPL

CCL

INTC

SPY

TSLA

Hedge fund short sellers have incurred losses of $43 billion due to the recent equity market rally, with the S&P 500 on track for its best month since July 2022. Data from S3 Partners indicates these losses occurred after positive U.S. inflation data. Tesla, Apple, and Intel were among the most unprofitable shorts. The SPDR S&P 500 ETF (SPY) has risen nearly 11% since October 27. Other significant losses for short sellers included positions in Carnival Corporation and Blackstone Group.

Portfolio Pulse from Neil Dennis

November 22, 2023 | 5:15 pm

MCD

McDonald's Corp (NYSE:MCD) has increased its stake in its China business to nearly 50% by acquiring a 28% stake from Carlyle. Despite geopolitical and economic concerns, McDonald's is confident in the Chinese market's growth, with plans to expand to over 10,000 stores by 2028. The stock has risen 6% YTD and experienced a 7% rally in November, approaching the 2022 high of $281. After a peak in July 2023, the stock faced a 17% decline but has since rebounded. The stock closed at $280.47 on November 21, up by 0.52%.

Portfolio Pulse from Zaheer Anwari

November 22, 2023 | 5:14 pm

TRDA

Entrada Therapeutics' stock price has dropped following the FDA's announcement that the clinical hold on their ENTR-601-44 IND application is still in place.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 5:12 pm

NVDA

UBS analyst Timothy Arcuri has reaffirmed a Buy rating on NVIDIA (NASDAQ:NVDA) and increased the price target from $560 to $580, indicating a positive outlook on the stock.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 5:08 pm

AMT

BRSP

CSGP

NREF

ORC

PLD

REM

TLT

XLRE

U.S. mortgage applications have increased by 3%, the largest weekly rise in two months, coinciding with a drop in the average contract interest rate for 30-year fixed-rate mortgages to 7.41%. The decline in mortgage rates is attributed to a reduction in U.S. bond yields, which also saw the 30-year Treasury bond yield fall to 4.53%. The iShares 20+ Year Treasury Bond ETF (TLT) has seen a 10% rally over the past month. Morgan Stanley predicts a 3% drop in home prices by the end of 2024 due to improving affordability. Real estate stocks and ETFs like XLRE, PLD, AMT, CSGP, and REM, as well as companies like NREF, BRSP, and ORC, have shown positive market reactions following the news.

Portfolio Pulse from Piero Cingari

November 22, 2023 | 5:04 pm

CIGI

BMO Capital has reaffirmed its Outperform rating on Colliers Intl Gr (NASDAQ:CIGI) and increased its price target from $107.00 to $129.00. Despite the positive outlook, Colliers Intl Gr's shares have fallen by 2.95% to $102.90. The new price target suggests a potential upside of 25.36%. Colliers is a global real estate services and investment management firm operating in over 60 countries, offering a wide range of services to various stakeholders in the property market.

Portfolio Pulse from Benzinga Insights

November 22, 2023 | 5:00 pm

IPAR

DA Davidson has reaffirmed its Buy rating on Inter Parfums (NASDAQ:IPAR) and increased its price target from $191.00 to $192.00. Inter Parfums' stock is currently trading at $123.62, and the new price target suggests a potential upside of 55.31%. Inter Parfums is involved in the fragrance industry, offering products under various brand names including JIMMY CHOO and COACH.

Portfolio Pulse from Benzinga Insights

November 22, 2023 | 5:00 pm

SHOP

Over the past 15 years, Shopify (NYSE:SHOP) has delivered an average annual return of 15.04%, outperforming the market by 3.64% on an annualized basis. A $1000 investment in Shopify 15 years ago would be worth $8,092.54 today. Shopify's market capitalization currently stands at $90.64 billion.

Portfolio Pulse from Benzinga Insights

November 22, 2023 | 5:00 pm