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BTCUSD

Cryptocurrency analyst Kaleo predicts Bitcoin (BTC) will reach $80,000 after the next halving event, drawing parallels between the post-COVID-19 market recovery in 2020 and the current market trends following the FTX collapse. The halving event, which cuts the reward for mining new Bitcoin blocks in half, is expected to reduce the rate of new Bitcoin creation and potentially lead to a price surge. At the time of the article, BTC was trading at $37,469, up 5.33% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

November 16, 2023 | 1:18 pm

CRSP

VRTX

The UK MHRA has granted conditional marketing authorization for Casgevy, a CRISPR/Cas9 gene-edited therapy for SCD and TDT, developed by Vertex Pharmaceuticals and CRISPR Therapeutics. The therapy has shown positive trial results and could replace bone marrow transplants, but it requires a complex administration process. VRTX shares closed at $349.34, and CRSP shares are up 4.93% in premarket trading.

Portfolio Pulse from Vandana Singh

November 16, 2023 | 1:17 pm

WMT

Walmart's CEO announced during a conference call that the company will reduce prices on general merchandise items for the holiday season in response to deflation.

Portfolio Pulse from Charles Gross

November 16, 2023 | 1:15 pm

Southern Inc. (NYSE:SO) stock has risen by 3.97% over the past month and 5.35% over the past year, currently trading at $69.08. The company's P/E ratio of 25.1 is higher than the Electric Utilities industry average of 21.43, which may suggest the stock is overvalued. Investors are advised to consider P/E ratios alongside other financial metrics and industry trends for a comprehensive analysis.

Portfolio Pulse from Benzinga Insights

November 16, 2023 | 1:15 pm

PANW

Palo Alto Networks, Inc. (NASDAQ:PANW) shares dropped by approximately 5% in pre-market trading despite reporting Q1 earnings and revenue that beat analyst estimates. The decline is attributed to the company's lowered full-year 2024 total billings forecast. Other stocks experienced various movements in pre-market trading, with some notable gainers and losers listed.

Portfolio Pulse from Lisa Levin

November 16, 2023 | 1:08 pm

NICE

NICE Ltd. has announced a share buyback program authorizing the repurchase of up to $300 million of its shares. This move is typically seen as a sign of confidence by the company's management in its financial health and future prospects. Share buybacks can often lead to an increase in the stock price as they reduce the number of shares outstanding, potentially increasing earnings per share (EPS).

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 1:07 pm

AAP

ALC

CTLT

GLBE

IBP

INTC

LICY

PLUG

TGT

ZIM

Wall Street analysts have updated their price targets and ratings for several companies. Mizuho raised Intel's target from $37 to $50 and upgraded it to Buy, causing a 3% gain in shares. Other companies like Global-e Online, Target, and Catalent saw target increases, while Alcon, ZIM Integrated Shipping, Advance Auto Parts, Plug Power, and Li-Cycle Holdings faced target cuts and downgrades. Pre-market trading reflected these changes with varying stock price movements.

Portfolio Pulse from Lisa Levin

November 16, 2023 | 1:07 pm

BODY

EDUC

GMBL

JZXN

KXIN

NIU

PLBY

PLCE

TKLF

VLCN

XWEL

YOSH

In Thursday's pre-market session, several consumer discretionary stocks experienced significant movements. XWELL, Yoshitsu Co, Educational Development, Esports Entertainment, Jiuzi Hldgs, and Beachbody Co were among the gainers, with increases ranging from 9.3% to 20.7%. Conversely, Volcon, PLBY Group, Children's Place, Kaixin Auto Hldgs, Yoshiharu Global, and Niu Techs saw their shares decline, with drops between 4.92% and 36.9%. Notably, Children's Place and Yoshiharu Global recently released their Q3 earnings.

Portfolio Pulse from Benzinga Insights

November 16, 2023 | 1:06 pm

AUGX

BBLG

BIVI

HSCS

IMPL

MEIP

MNPR

NVIV

SNGX

STRM

TTOO

VYGR

In Thursday's pre-market session, several healthcare stocks showed significant movement. Bone Biologics (BBLG) saw a 64.3% increase after their Q3 earnings report. InVivo Therapeutics (NVIV) rose 24.66%, Heart Test Laboratories (HSCS) by 14.33%, BioVie (BIVI) by 13.33%, and Soligenix (SNGX) by 12.24%. T2 Biosystems (TTOO) also rose by 10.85%. On the downside, Augmedix (AUGX) fell by 24.5%, MEI Pharma (MEIP) by 13.91%, Voyager Therapeutics (VYGR) by 10.85%, Impel Pharmaceuticals (IMPL) by 10.69%, Streamline Health Solutions (STRM) by 10.57%, and Monopar Therapeutics (MNPR) by 10.45%.

Portfolio Pulse from Benzinga Insights

November 16, 2023 | 1:06 pm

AUVIP

BTM

BWEN

EOSE

HYLN

IEP

JAN

KMT

PLUG

PMEC

VINO

VLD

In Thursday's pre-market session, several industrial stocks showed significant movement. Kennametal (KMT) and JanOne (JAN) were among the gainers, with KMT rising 14.4% and JAN up 13.93%. Eos Energy Enterprises (EOSE), Hyliion Holdings (HYLN), Broadwind (BWEN), and Bitcoin Depot (BTM) also saw gains. On the losing side, Velo3D (VLD) dropped 17.0%, while Applied UV (AUVIP), Plug Power (PLUG), Icahn Enterprises (IEP), Gaucho Group Holdings (VINO), and Primech Holdings (PMEC) experienced declines.

Portfolio Pulse from Benzinga Insights

November 16, 2023 | 1:06 pm