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THRX

Shares of Theseus Pharmaceuticals are on the rise following the company's announcement to explore strategic alternatives, which could include a sale, merger, divestiture, or other options to enhance shareholder value.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 6:38 pm

SAFRY

Safran (OTC:SAFRY) has secured contracts worth over $1.2 billion from Emirates, including a $1 billion deal for Safran Seats for Emirates' new A350, 777X-9, and existing 777-300 aircraft. The contracts also involve Safran Cabin providing Galley shipsets and Safran Landing Systems supplying wheels and carbon brakes for the A350 fleet. Additionally, a 10-year service agreement with Safran Aerosystems for 777 safety and cabin systems components repair and maintenance is included. Safran's stock price increased by 2.77% to $42.63.

Portfolio Pulse from Shivani Kumaresan

November 14, 2023 | 6:38 pm

QQQ

SPY

Michael Burry, known for his successful short positions, has closed a large short position on S&P 500 and Nasdaq derivatives, as revealed by a 13F filing. The derivatives are tracked by ETFs such as SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ Trust Series 1 (QQQ). This move could indicate a bullish outlook for the US stock market, as it comes after the S&P 500 has recovered 9% from a recent correction. Global fund managers have also shifted to an overweight rating on US equities, suggesting a potential Santa rally into 2024.

Portfolio Pulse from Neil Dennis

November 14, 2023 | 6:37 pm

PLUG

UBS analyst Manav Gupta has maintained a Buy rating on Plug Power (NASDAQ:PLUG) but has reduced the price target from $15.5 to $5.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 6:36 pm

BCDA

BioCardia's stock is up following FDA approval for Phase 3 clinical trials of CardiAMP, a cell therapy for ischemic heart failure.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 6:36 pm

DVN

UBS analyst Josh Silverstein has maintained a Neutral rating on Devon Energy (NYSE:DVN) and reduced the price target from $54 to $52.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 6:33 pm

DIS

M

Macy's Inc (NYSE:M) is experiencing a rise in its share price following the expansion of Disney products from the Walt Disney Company (NYSE:DIS) for the Holiday season. The expansion includes a wide range of Disney-themed products across various categories to celebrate Disney's 100th anniversary. Macy's has also launched a Disney Princess collection with various items. The company is set to report its Q3 2023 sales and earnings on November 16, 2023. Macy's shares have seen an 8.38% increase to $11.64.

Portfolio Pulse from Nabaparna Bhattacharya

November 14, 2023 | 6:28 pm

UPST

Upstart Holdings, Inc. (NASDAQ:UPST) stock is trading higher by over 13% amid a broader tech market rally following the release of cooling inflation data. Despite today's gains, UPST has fallen more than 15% over the past five days after reporting disappointing Q3 financial results. Analysts from Piper Sandler, Wedbush, and JP Morgan have updated their coverage, with price targets ranging from $10 to $27. The stock is currently trading below its 50-day moving average and significantly below its 52-week high, with a high short interest of 40.88%.

Portfolio Pulse from Erica Kollmann

November 14, 2023 | 6:27 pm

META

Stifel analyst Mark Kelley has reiterated a Buy rating on Meta Platforms (NASDAQ:META) and maintained a $405 price target for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 6:22 pm

NVDA

Nvidia Corporation (NASDAQ:NVDA) stock is trading higher, coinciding with a Nasdaq rally following the release of cooling inflation data. Nvidia has seen its stock close in the green since Nov. 1, potentially marking its longest winning streak since 2016. The company recently announced the NVIDIA HGX H200, an upgrade to its H100 chip, boasting significant improvements in memory and bandwidth. NVDA shares are currently trading above the 50-day moving average and near the 52-week high.

Portfolio Pulse from Erica Kollmann

November 14, 2023 | 6:20 pm