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SNPS

Over the past 15 years, Synopsys (NASDAQ:SNPS) has significantly outperformed the market, yielding an average annual return of 27.05%. A $100 investment in SNPS 15 years ago would now be worth $3,485.18. Synopsys currently has a market cap of $82.28 billion.

Portfolio Pulse from Benzinga Insights

November 15, 2023 | 5:30 pm

M

Macy's Inc (NYSE:M) stock rose 7.9% following Target Corp's better-than-expected Q3 financial results, which may indicate positive consumer spending and benefit other retailers. Target reported a slight sales dip but an increase in gross margin, suggesting a potentially favorable economic environment for retailers like Macy's.

Portfolio Pulse from Henry Khederian

November 15, 2023 | 5:28 pm

NOVT

Novanta's stock is trading higher following the announcement of its agreement to acquire Motion Solutions for $189 million.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 5:24 pm

ASTS

GLBE

HRTX

ISPR

JGGC

TGT

TSHA

U.S. stocks traded higher, with the Dow Jones up by over 100 points. Materials shares led gains, while utilities fell. Target Corporation (NYSE:TGT) reported Q3 financial results that exceeded expectations, with a smaller year-on-year sales decline and higher adjusted EPS than anticipated. AST SpaceMobile, Inc. (NASDAQ:ASTS), Heron Therapeutics, Inc. (NASDAQ:HRTX), and Taysha Gene Therapies, Inc. (NASDAQ:TSHA) saw their shares rise following their earnings reports. Conversely, Jaguar Global Growth Corporation I (NASDAQ:JGGC), Ispire Technology Inc. (NASDAQ:ISPR), and Global-e Online Ltd. (NASDAQ:GLBE) experienced share price declines. Oil and gold prices fell slightly, while silver and copper rose. Economic data showed a decline in U.S. producer prices and an improvement in the NY Empire State Manufacturing Index.

Portfolio Pulse from Lisa Levin

November 15, 2023 | 5:20 pm

ENR

Energizer Holdings' stock price has declined following downgrades from multiple analysts.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 5:18 pm

GH

Guardant Health's stock is trading lower following the company's announcement of its intention to appeal a recent verdict in a U.S. District Court case regarding intellectual property claims made by TwinStrand Biosciences and the University of Washington.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 5:13 pm

MOS

Mosaic Company's stock (MOS) is trading higher following an upgrade from Barclays, changing its rating from Underweight to Overweight.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 5:09 pm

TSLA

Elon Musk has refuted a Bloomberg report claiming discussions of a 2024 IPO for SpaceX's Starlink satellite business. Musk labeled the report as 'false' on the social media platform he owns, X (formerly Twitter). Despite past statements suggesting a future IPO for Starlink, Musk's recent comment casts doubt on the immediate plans for a public offering. SpaceX, still a private company, has seen strong revenues from Starlink, which could surpass its rocket launch business in sales.

Portfolio Pulse from Neil Dennis

November 15, 2023 | 5:08 pm

TSLA

Tesla, Inc. (NASDAQ:TSLA) won an appeal in federal court, allowing the company to maintain its uniform policy that bans pro-union t-shirts at its Fremont, California assembly plant. The 5th U.S. Circuit Court of Appeals ruled that Tesla's policy, which requires employees to wear company-issued shirts, is lawful. The court decision supports Tesla's stance amid accusations from the United Auto Workers union of illegal anti-union tactics, which Tesla denies. A separate case is pending where the full 5th Circuit Court is reviewing an NLRB decision regarding a tweet by CEO Elon Musk about employee stock options and unionization. Tesla shares were up 2.17% to $242.62.

Portfolio Pulse from Nabaparna Bhattacharya

November 15, 2023 | 5:06 pm

HD

M

TGT

TJX

WMT

Target Corporation reported an unexpected earnings beat for Q3 with revenue of $25.4 billion, surpassing estimates despite a YoY sales decline and a 5% drop in comparable sales. Digital sales fell 6% YoY, but net income rose 36% to $971 million. The earnings beat was attributed to strong sales in women's fall fashion apparel, jewelry, and a new kitchenware brand. However, Target's CFO warned of a challenging holiday quarter with expected mid-single-digit declines in comparable sales and adjusted EPS between $1.90 and $2.60. Walmart, which reports later in the week, did not hire additional holiday staff, suggesting a softer holiday season. Home Depot, Macy's, and TJX Companies are also set to report earnings this week.

Portfolio Pulse from Upwallstreet

November 15, 2023 | 5:04 pm