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APLE

Wells Fargo analyst Dori Kesten has maintained an Overweight rating on Apple Hospitality REIT (NYSE:APLE) and increased the price target from $17 to $18.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 2:58 pm

ACGL

ORI

Arch Capital Group Ltd.'s subsidiary, Arch U.S. MI Holdings, is set to acquire RMIC Companies, Inc. from Old Republic International Corporation for approximately $140 million. RMIC, a run-off mortgage insurance business, will add $1 billion RIF to Arch MI's $75.9 billion RIF portfolio. The deal, expected to close in the first half of 2024, is subject to regulatory approval. Arch Capital's stock (ACGL) rose by 0.78%, while Old Republic's (ORI) increased by 0.11%.

Portfolio Pulse from Akanksha Bakshi

November 13, 2023 | 2:57 pm

QQQ

SPY

The conflict between Israel and Hamas continues to escalate, with Gaza's main hospital facing a severe fuel shortage and increasing casualties. The IDF has struck Hezbollah targets in Lebanon in response to attacks. Israeli Prime Minister Netanyahu is working to release hostages held by Hamas. The U.S. has expressed concerns over civilian casualties and is working with Qatar to provide humanitarian aid to Gaza. Additionally, the U.S. conducted airstrikes in Syria against Iranian targets. The Israeli shekel remained flat, while the Tel Aviv 125 index fell. U.S. ETFs SPY and QQQ saw gains in their last trading sessions.

Portfolio Pulse from Piero Cingari

November 13, 2023 | 2:55 pm

Wells Fargo analyst Eric Luebchow has maintained an Overweight rating on Dycom Industries (NYSE:DY) but reduced the price target from $120 to $105.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 2:53 pm

NFLX

Netflix Inc's stock (NFLX) has seen a significant rise following its Q3 earnings report, with a 16% increase post-announcement and a 28% rise since then. The stock faces resistance at the $500 mark and last year's high of $609. Despite a previous drop below the 200 daily simple moving average, the stock found support around the weekly 50 simple moving average. The positive earnings, driven by subscriber growth, have contributed to the stock's upward trend, with an 8% increase in November alone.

Portfolio Pulse from Zaheer Anwari

November 13, 2023 | 2:52 pm

UBER

JMP Securities analyst Andrew Boone has reaffirmed a 'Market Outperform' rating on Uber Technologies (NYSE:UBER) and increased the price target from $57 to $62, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 2:51 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo provides daily trading strategies for SPY, QQQ, AAPL, MSFT, GOOGL, META, NVDA, and TSLA, based on a proprietary formula considering price, volume, and options flow. The memo outlines potential price targets and support levels for each asset, suggesting traders monitor these stocks for breakouts or reversals. The trading environment is expected to be influenced by lighter data, limited Fed commentary, and the Treasury's bill auction.

Portfolio Pulse from RIPS

November 13, 2023 | 2:49 pm

TENX

Tenax Therapeutics Inc (NASDAQ:TENX) stock surged 105% to $0.32 after receiving FDA clearance for the IND of TNX-103, an oral levosimendan for treating pulmonary hypertension with heart failure with preserved ejection fraction (PH-HFpEF). The clearance facilitates the launch of the Phase 3 LEVEL Study in Q4 2023, streamlining the process and potentially addressing a significant medical need as there are no FDA-approved treatments for PH-HFpEF. The company has already selected over two-thirds of the targeted research sites for the study.

Portfolio Pulse from Henry Khederian

November 13, 2023 | 2:47 pm

NVO

Significant options activity has been detected in Novo Nordisk (NYSE:NVO), with a bullish sentiment prevailing among big-money investors. Benzinga's options scanner revealed 15 unusual options trades, with a split of 73% bullish and 26% bearish. The focus is on a price range between $87.5 and $105.0 for the stock. The largest trades were bullish CALL options with expiration dates in December 2023 and January 2025. Novo Nordisk, a leader in diabetes care products, is currently trading at $99.54 with neutral RSI readings and its earnings release expected in 79 days.

Portfolio Pulse from Benzinga Insights

November 13, 2023 | 2:46 pm

TSLA

Tesla Inc (NASDAQ:TSLA) is being discussed due to reports of India considering tax cuts on EV imports to attract Tesla and a potential meeting between CEO Elon Musk and Indian trade minister Piyush Goyal. Additionally, EG Group plans to buy Tesla charging units for its European network, and Tesla's FSD software version 12 is expected to be testable in two weeks. Tesla shares were down 1.23% at $212.19 at the time of publication.

Portfolio Pulse from Adam Eckert

November 13, 2023 | 2:46 pm