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MSFT

Microsoft CEO Satya Nadella stated the company is focusing on global markets excluding China, in light of US national security concerns. Microsoft, which has been present in China since 1992 and provides AI services to Chinese firms like Li Auto and Xiaomi, is adhering to US government restrictions. This comes after the US introduced export restrictions on AI chips for China. Nadella mentioned the importance of following US trade, competition, and security policies, and does not see China's manufacturing role for Microsoft's Surface PCs as a major issue unless supply chain disruptions occur.

Portfolio Pulse from Benzinga Neuro

November 16, 2023 | 10:09 am

AAP

B of A Securities analyst Elizabeth Suzuki downgraded Advance Auto Parts (NYSE:AAP) from Neutral to Underperform and reduced the price target from $60 to $43, indicating a bearish outlook on the stock.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 10:03 am

AMAT

BABA

TGT

TJX

WMT

Market sentiment improved as the Fear and Greed index moved to 'Neutral'. U.S. stocks rose after the PPI data indicated a decline, contrary to expectations. TJX shares fell after a weak Q4 profit forecast, while Target's shares surged post strong Q3 results. S&P 500 sectors mostly gained, except energy and utilities. Investors look forward to earnings from AMAT, WMT, and BABA.

Portfolio Pulse from Lisa Levin

November 16, 2023 | 9:59 am

ARBK

Canaccord Genuity analyst Joseph Vafi has reiterated a 'Hold' rating on Argo Blockchain (NASDAQ: ARBK) and maintained a price target of $1.45.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 9:46 am

INTC

Mizuho analyst Vijay Rakesh has upgraded Intel (NASDAQ:INTC) from Neutral to Buy and increased the price target from $37 to $50, indicating a more positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 9:11 am

DDL

Dingdong (Cayman) (NYSE:DDL) reported a positive Q3 adjusted EPS of $0.01, a significant improvement from a loss of $(0.12) per share in the same quarter last year. However, sales declined by 15.67% to $704.45M from $835.39M in the previous year.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 9:04 am

TGT

Telsey Advisory Group analyst Joseph Feldman has maintained an Outperform rating on Target Corporation (NYSE:TGT) and increased the price target from $145 to $160.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 9:00 am

BMY

The FDA has approved Bristol Myers Squibb's drug Augtyro (Repotrectinib) for the treatment of locally advanced or metastatic ROS1-Positive Non-Small Cell Lung Cancer. This approval could potentially improve the company's product portfolio and market position in cancer treatments.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 8:57 am

WSM

Williams-Sonoma, Inc. (NYSE:WSM) is expected to report lower Q3 earnings at $3.35 per share compared to $3.72 per share a year ago, with revenue estimated at $1.96 billion. The company's shares rose 2.1% to close at $161.39 recently. Analysts from Evercore ISI Group, JP Morgan, Wells Fargo, Wedbush, and Barclays have made recent price target changes, with varying ratings from 'In-Line' to 'Underweight' and price targets ranging from $123 to $150.

Portfolio Pulse from Lisa Levin

November 16, 2023 | 8:51 am

GLBE

Keybanc analyst Josh Beck has maintained an Overweight rating on Global E Online (NASDAQ: GLBE) but has reduced the price target from $42 to $40.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 8:47 am