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NIO

NIO Inc (NYSE:NIO) shares are trading higher on Monday, potentially due to positive comments from the company's president, Qin Lihong, at the Guangzhou auto show. Qin dismissed rumors of the company nearing bankruptcy, emphasizing Nio's 40% growth and the need to improve growth trajectory. Additionally, Nio's announcement of its 2,100th power swap station becoming active may have contributed to the positive sentiment. Investors are anticipating Nio's third-quarter financial results, following a previous quarter where the company missed analyst expectations but reported having $4.3 billion in liquidity and investments.

Portfolio Pulse from Adam Eckert

November 20, 2023 | 3:22 pm

SAVE

There was a notable options trading activity on Spirit Airlines, where a sweep of 370 calls for the $20 strike price expiring on January 19th was executed near the ask price at $1.77. This is compared to an open interest of 62,691 for the option. The underlying stock reference price at the time was $12.66.

Portfolio Pulse from Charles Gross

November 20, 2023 | 3:21 pm

BJRI

Piper Sandler analyst Nicole Miller Regan has maintained a Neutral rating on BJ's Restaurants (NASDAQ:BJRI) and increased the price target from $28 to $32.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 3:21 pm

SUN

XOM

The Department of Energy (DOE) is facing challenges in refilling the Strategic Petroleum Reserve (SPR) after releases to mitigate gasoline prices and support allies during the Russia/Ukraine conflict. The SPR's capacity has decreased from 594 million barrels to 351.3 million barrels. The DOE's intricate refilling process involves soliciting proposals from energy companies for specific types of oil, with a current focus on sour crude. Purchase requests have ranged from 1.2 to 6 million barrels, with contracts awarded to companies like Exxon Mobil and Sunoco LP. At the current refill pace, it would take over six years to return to previous levels, indicating a need for an accelerated process.

Portfolio Pulse from Kevin Green

November 20, 2023 | 3:20 pm

MIRA

MIRA Pharmaceuticals shares have resumed trading. There is no additional context provided in the article regarding the reason for the halt or the implications of the resumption.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 3:20 pm

GDC

GD Culture Group shares have resumed trading. There is no additional context provided regarding the reasons for the trading halt or the implications of the resumption.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 3:20 pm

ZM

Zoom Video Communications Inc (NASDAQ:ZM) is set to report Q3 earnings with an expected EPS of $1.08 and revenue of $1.12 billion. Analysts will focus on growth metrics for Zoom Phone, Contact Center, and Zoom One, as well as a return to Zoom Meetings. Zoom's financial health is strong with a free cash flow yield of 8.7%, $6 billion in cash reserves, and no long-term debt. The stock is rated Neutral with a consensus price target of $89.81, and Citigroup upgraded it from Sell to Neutral with a $66 target. Shares are up 1.8% to $65.32.

Portfolio Pulse from Surbhi Jain

November 20, 2023 | 3:18 pm

PXMD

PaxMedica (PXMD) announced the pricing of a $7 million public offering, leading to a decline in its share price.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 3:18 pm

VALE

Vale's stock (VALE) is experiencing an uptick following an upgrade from Neutral to Buy by B of A Securities.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 3:18 pm

PGR

Piper Sandler analyst Paul Newsome has maintained an Overweight rating on Progressive (NYSE:PGR) and increased the price target from $186 to $188.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 3:18 pm