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VCIG

VCI Global Ltd (NASDAQ:VCIG) has acquired the IP and assets of Playstack Limited's AI-based AdTech platforms. The financial details were not disclosed. The technology aims to enhance VCIG's customer engagement and monetization strategies by using AI, gamification, and augmented reality to maximize brand engagements. VCI Global had $3.3 million in cash and equivalents as of June 30, 2023. VCIG shares dropped by 2.05% to $2.86.

Portfolio Pulse from Shivani Kumaresan

November 20, 2023 | 5:25 pm

CHPT

ChargePoint Holdings Inc (NASDAQ:CHPT) shares increased by 5% after announcing preliminary Q3 results and a new CEO, despite reporting lower-than-expected revenue. The company's revenue is projected to be between $108 million to $113 million, below the forecast of $150 million to $165 million, due to market pressures, delivery delays, and economic conditions. New CEO Rick Wilmer plans to improve operations. ChargePoint's cash position remains stable, but the final Q3 results may still change.

Portfolio Pulse from Henry Khederian

November 20, 2023 | 5:19 pm

CRSP

CRISPR Therapeutics' stock is experiencing an uptrend following the recent announcement of regulatory authorization for the first CRISPR/Cas9 gene-edited therapy.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 5:18 pm

AEO

ANF

BBY

BURL

DKS

GES

KSS

LOW

Ahead of Black Friday, several retailers are set to report earnings, including Best Buy (BBY), which faces lowered price targets due to macro trends affecting consumer demand. Analysts have mixed views, with some seeing long-term strength and others noting near-term challenges. Other retailers reporting earnings include Lowe's (LOW), Kohl's (KSS), Dick's Sporting Goods (DKS), American Eagle Outfitters (AEO), Abercrombie & Fitch (ANF), Burlington Stores (BURL), and Guess? (GES). The reports will provide insights into consumer spending and expectations for the holiday season.

Portfolio Pulse from Chris Katje

November 20, 2023 | 5:18 pm

STLA

Stellantis NV plans to expand vehicle production in Italy, aiming to increase annual output to one million vehicles. Negotiations with the Italian government, labor unions, and automotive groups will begin on Dec. 6 to discuss production targets, R&D, worker retraining, and supplier support. The success of the plan depends on government measures such as revising the Euro 7 emission regulation, EV incentives, charging network expansion, and energy cost reduction. Stellantis shares rose 0.99% to $20.43.

Portfolio Pulse from Shivani Kumaresan

November 20, 2023 | 5:18 pm

CHPT

ChargePoint shares have declined following a downgrade by Stifel from Buy to Hold.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 5:18 pm

LLY

Cantor Fitzgerald analyst Louise Chen has reiterated an Overweight rating on Eli Lilly (NYSE:LLY) and maintained a price target of $630.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 5:17 pm

Zoom Video Communications, Inc. (NASDAQ:ZM) is expected to report Q3 FY2024 earnings of $1.08 per share, slightly up from $1.07 the previous year, with revenues estimated at $1.12 billion versus $1.1 billion. The company recently showcased AI-powered features at Zoomtopia 2023. Ahead of the earnings call, analysts have revised their ratings and price targets for ZM, with Citigroup upgrading to Neutral and a $66 target, Rosenblatt reiterating Neutral at $75, Wedbush maintaining Neutral at $80, Baird keeping Outperform but reducing the target to $90, and Bernstein holding Market Perform with a target cut to $82. ZM shares rose 1.1% to close at $64.12 on Friday.

Portfolio Pulse from Lisa Levin

November 20, 2023 | 5:17 pm

CDIO

CUEN

GTEC

IOVA

NSTG

PXMD

U.S. stocks traded higher with the Dow Jones, NASDAQ, and S&P 500 all seeing gains. Information technology shares led the gains, while utilities fell. Iovance Biotherapeutics, Cardio Diagnostics, and Cuentas saw their stocks rise after positive news, while NanoString Technologies, PaxMedica, and Greenland Technologies fell due to downgrades, public offering pricing, and weak results respectively. Crude oil prices increased by 2.5%, while gold and silver declined.

Portfolio Pulse from Lisa Levin

November 20, 2023 | 5:09 pm

SID

Companhia Siderurgica Nacional (SID) shares are trading higher following an upgrade from B of A Securities, changing their rating from Underperform to Buy with a new price target of $4.1.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 5:07 pm