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TSLA

Tesla shares are trading lower after a report indicated a reduction in production output at its China factory.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 11:03 am

AMD

'Mad Money' host Jim Cramer has endorsed Advanced Micro Devices (NASDAQ:AMD) as a buy, highlighting its recent strategic partnership with Sony Semiconductor Solutions to advance LiDAR technology for autonomous vehicles. This collaboration aims to improve the performance and reliability of autonomous driving technologies. Additionally, investor sentiment around AMD is growing on social platforms, with expectations for the stock to significantly increase by year-end. AMD's stock closed at $178.68, experiencing a slight decrease, while Nvidia's stock saw a minor increase, closing at $914.35.

Portfolio Pulse from Benzinga Neuro

March 22, 2024 | 11:00 am

NKE

Nike shares are trading lower following the company's announcement that it expects revenue in the first half of fiscal 2025 to decrease by low single digits.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 10:59 am

NKE

Nike's shares dropped in premarket trading after the company announced expectations for revenue to decrease in the first half of fiscal 2025 by low single digits. Despite this, the CFO remains optimistic, projecting a 1% revenue growth for the full year and a slight increase in Q4 revenue.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 10:59 am

BABA

BILI

PDD

Alibaba Group Holding Ltd (NYSE:BABA) has sold $360 million worth of Bilibili Inc (NASDAQ:BILI) stock to fund AI investments and business revamp. The sale is part of Alibaba's strategy to focus on core retail and technology, including cloud computing and AI. This move comes as Alibaba aims to strengthen its position against competitors like PDD Holdings Inc (NASDAQ:PDD) and invests in Chinese AI startups. Bilibili faces profitability challenges despite its collaboration with Alibaba. Alibaba's stock has declined by 12% over the last year, but co-founder Jack Ma retains his stake, showing confidence in the company's potential.

Portfolio Pulse from Anusuya Lahiri

March 22, 2024 | 10:58 am

FDX

Barclays analyst Brandon Oglenski has maintained an Overweight rating on FedEx (NYSE:FDX) and increased the price target from $310 to $350, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 10:55 am

FDX

UPS

UPS shares are trading higher, following FedEx's positive performance after its Q3 earnings report.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 10:53 am

LULU

lululemon Athletica's stock is trading lower following the company's announcement of Q1 guidance that fell short of analysts' expectations.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 10:52 am

AAPL

Apple, Inc. (AAPL) is under antitrust scrutiny for practices that could lock customers into iPhones and hinder competitors. Despite the stock's recent underperformance, Jim Cramer and Gene Munster defend Apple, comparing the situation to Microsoft's antitrust case 25 years ago, which they argue created a buying opportunity. Cramer criticizes sellers for acting out of fear, while Munster views the DOJ probe as 'noise' and believes Apple will continue to deliver value.

Portfolio Pulse from Shanthi Rexaline

March 22, 2024 | 10:44 am

NRGV

Goldman Sachs analyst Brian Lee has maintained a Sell rating on Energy Vault Holdings (NRGV) and reduced the price target from $1.7 to $1.5.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 10:35 am