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AMD

INTC

NVDA

AMD stock is in the spotlight due to its MI300 Data Center GPU, challenging Nvidia in the AI market. AMD's stock rose 17% last month, outperforming Nvidia's 2% gain. Analysts predict AMD could capture 5%-10% of the AI accelerator market, potentially worth $150-$400 billion by FY27E. Deutsche Bank notes AMD's strong AI market position and customer partnerships. Nvidia, AMD, and Intel are all competing in the generative AI data center processor space, with each company showcasing new products and performance improvements. AMD's MI300X GPU and MI300A APU offer significant performance gains, while Nvidia and Intel focus on their own strengths in software ecosystem and TCO savings, respectively. AMD's stock saw a slight increase of 0.74% to $144.48.

Portfolio Pulse from Anusuya Lahiri

December 27, 2023 | 4:10 pm

SOLUSD

BONK and other Solana ecosystem tokens are experiencing a downturn as investors engage in profit-taking following a recent rally. BONK is down 15% today, with a 17.7% loss over seven days, despite a 327% surge in the past month. Other tokens like WIF, ANALOS, JTO, and ORCA also saw declines in the past 24 hours, with mixed performances over the past week and month. Solana (SOL) itself is down 5.6% today, although it has seen a 101% increase in the past month. The total value locked in Solana has also risen significantly, now standing at $1.47 billion.

Portfolio Pulse from Khyathi Dalal

December 27, 2023 | 4:09 pm

F

GM

STLA

Cox Automotive forecasts a 6.2% increase in December 2023 U.S. new-vehicle sales over the previous year, with an expected SAAR of 15.1 million. Full-year sales are predicted to rise 11.6% to 15.5 million units. Honda, Nissan, General Motors (GM), and Tesla have seen large gains, with Hyundai Motor Group surpassing Stellantis in sales. Fleet sales are expected to rebound after a UAW strike. The 2024 outlook suggests a buyer's market with weak economic growth and higher inventories.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 4:08 pm

BTCT

BTC Digital Ltd. (NASDAQ:BTCT) shares are rising after announcing a service agreement to manage and provide technical services for 1,480 Bitcoin mining machines for a client. The company will oversee the deployment of these devices in the U.S. and believes its expertise in device management and the cryptocurrency market influenced the client's decision. BTCT also plans to collaborate with the client in other areas of cryptocurrency mining. Additionally, BTCT recently launched a Bitcoin miner accessories business. Shares of BTCT are up 7.55% to $4.340.

Portfolio Pulse from Nabaparna Bhattacharya

December 27, 2023 | 4:08 pm

MTNB

Matinas BioPharma Holdings Inc (NASDAQ:MTNB) reported positive results from in vivo studies for oral delivery of LNC-formulated oligonucleotides targeting inflammatory cytokines TNFα and IL-17A. These studies showed successful results in animal models for acute inflammatory diseases. Earlier, Matinas confirmed the in vitro potency of these oligonucleotides. The studies demonstrated significant reductions in cytokine levels and clinical disease activity scores in models of acute colitis and psoriasis. Following the news, MTNB shares surged by 21.41% to $0.2450.

Portfolio Pulse from Vandana Singh

December 27, 2023 | 4:02 pm

CVE

Cenovus Energy (NYSE:CVE) has delivered an average annual return of 18.61% over the past 5 years, outperforming the market by 4.91% on an annualized basis. A $1000 investment in CVE 5 years ago would be worth $2,423.90 today. The company's current market capitalization stands at $32.08 billion.

Portfolio Pulse from Benzinga Insights

December 27, 2023 | 4:02 pm

GTN

Gray Television, Inc. (GTN) has reached an agreement in principle to renew all its NBC network affiliations, which were set to expire at the end of 2023. This renewal covers Gray's NBC affiliated stations in 56 markets. NBC is currently the top network in various key demographics and programming categories. Gray is the largest owner of top-rated local TV stations and digital assets in the US, reaching about 36% of US TV households.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 4:01 pm

FDX

TGT

UPS

WMT

FedEx Corporation (NYSE:FDX) reported lower than expected fiscal second quarter results and reduced its full year guidance, causing its shares to drop nearly 10%. The news also negatively impacted shares of United Parcel Service Inc (NYSE:UPS), which fell by 2.9%. FedEx's revenue declined by almost 3% YoY to $22.2 billion, and its adjusted earnings were 19 cents below estimates. The company's Express unit saw a 60% drop in operating income, while the Ground division's income rose 51%. FedEx is renegotiating a contract with the U.S. Postal Service and expects continued macroeconomic pressures. UPS recently lost a court case against EU antitrust regulators over a blocked acquisition of TNT and a compensation claim of $1.90 billion. Walmart (NYSE:WMT) provided a cautious holiday quarter outlook, and its shares dropped, while Target (NYSE:TGT) raised its guidance despite a weakening in consumer spending.

Portfolio Pulse from Upwallstreet

December 27, 2023 | 4:01 pm

BIIB

The article provides an analysis of Biogen's (NASDAQ:BIIB) financial performance compared to its competitors in the Biotechnology industry. It highlights Biogen's lower P/E, P/B, and P/S ratios, suggesting potential undervaluation. However, Biogen's negative ROE, lower EBITDA, gross profit, and revenue growth compared to the industry average indicate financial challenges and inefficiencies. The company's moderate debt-to-equity ratio suggests a balanced financial structure.

Portfolio Pulse from Benzinga Insights

December 27, 2023 | 4:00 pm

BIDU

Baidu (NASDAQ:BIDU) is analyzed against competitors in the Interactive Media & Services industry. Baidu dominates the Chinese search engine market with an 84% share and generates 72% of its revenue from online marketing services. Financial comparisons show Baidu's P/E, P/B, and P/S ratios are below the industry average, suggesting undervaluation. However, its ROE is lower than the industry average, indicating potential inefficiency. Baidu's EBITDA and gross profit are significantly above the industry average, and its revenue growth outpaces the industry, signaling strong financial performance and growth potential.

Portfolio Pulse from Benzinga Insights

December 27, 2023 | 4:00 pm