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BMBL

Susquehanna analyst Shyam Patil maintains a positive outlook on Bumble (NASDAQ:BMBL), but has lowered the price target from $25 to $17.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 8:41 pm

NXPI

Mizuho analyst Vijay Rakesh reiterated a Neutral rating on NXP Semiconductors (NXPI), lowering the price target to $210 from $225. Despite beating Q3 earnings and sales estimates, NXPI is expected to face headwinds due to slowing auto orders and continued weakness in China. The analyst also adjusted the company's December quarter and FY24 and FY25 estimates downwards. NXPI shares are trading lower by 1.54% to $182.94.

Portfolio Pulse from Nabaparna Bhattacharya

November 08, 2023 | 8:38 pm

SPY

The S&P 500 Index has recently achieved seven consecutive sessions of positive gains. According to an analysis by Ryan Detrick, a 7-day winning streak for the S&P 500 has historically indicated above-average returns in the following months. However, the three most recent 7-day winning streaks in 2021 led to negative one-year returns. On average, since 1990, the S&P 500 has seen a 10.3% increase in the year following a 7-day winning streak.

Portfolio Pulse from Piero Cingari

November 08, 2023 | 8:37 pm

CRLBF

TLLTF

Ohio voters have approved a ballot initiative to legalize adult-use cannabis. Industry leaders, including TILT Holdings (OTC:TLLTF) and Cresco Labs (OTCQX: CRLBF), have praised the decision. The legalization is expected to generate between $276.2 million and $403.6 million in annual tax dollars by the fifth year and create at least 3,300 jobs.

Portfolio Pulse from Maureen Meehan

November 08, 2023 | 8:27 pm

INGN

JP Morgan analyst Robbie Marcus maintains an Underweight rating on Inogen (NASDAQ:INGN) and lowers the price target from $8 to $7.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 8:26 pm

GFS

Analysts from Needham, Raymond James, and Wedbush have reiterated their ratings on GlobalFoundries Inc (NASDAQ:GFS), despite market challenges. Needham's N. Quinn Bolton maintained a 'Hold' rating, projecting a recovery in 2H24. Raymond James' Melissa Fairbanks reiterated an 'Outperform' rating with a $75 price target, highlighting the company's ability to recoup costs and maintain a disciplined approach to investments. Wedbush's Matt Bryson also reiterated an 'Outperform' rating with a $70 price target, noting the company's ability to navigate the downturn better than many of its peers.

Portfolio Pulse from Anusuya Lahiri

November 08, 2023 | 8:25 pm

HNRA

HNR Acquisition has filed a registration statement to register approximately 1.3 million shares that were issued prior to its IPO. This move is aimed at facilitating the approval of its listing with the New York Stock Exchange (NYSE).

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 8:22 pm

MARA

Marathon Digital Holdings Inc (NASDAQ:MARA) shares are trading lower by 6.3% ahead of the company's third-quarter earnings report. The stock may also be falling in sympathy with peer Bitcoin miner Riot Platforms after the company reported worse-than-expected third-quarter financial results. Cryptocurrency-related stocks are known for their high volatility and investors might become more risk-averse and sell off related stocks, such as Marathon Digital Holdings, to limit their exposure to the sector's volatility.

Portfolio Pulse from Henry Khederian

November 08, 2023 | 8:22 pm

LRCX

Deep-pocketed investors have shown a bearish sentiment towards Lam Research (NASDAQ:LRCX), with significant options moves detected. Benzinga's options scanner highlighted 10 extraordinary options activities for Lam Research, with 80% of these investors leaning bearish. The major market movers are focusing on a price band between $475.0 and $700.0 for Lam Research. Analyst ratings for Lam Research include JP Morgan's Overweight rating with a target price of $700, B. Riley Securities' Neutral rating with a target price of $700, and Needham's upgraded rating to Buy with a revised price target of $800.

Portfolio Pulse from Benzinga Insights

November 08, 2023 | 8:22 pm

WFC

Financial giants have shown a bearish sentiment towards Wells Fargo (NYSE:WFC) with 83% of traders showing bearish tendencies. Out of 12 unusual trades, 10 were puts, valued at $835,520, and 2 were calls, valued at $75,840. The major market movers are focusing on a price band between $35.0 and $55.0 for Wells Fargo. BMO Capital has maintained their Market Perform rating on Wells Fargo, with a price target of $54.

Portfolio Pulse from Benzinga Insights

November 08, 2023 | 8:21 pm