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APLD

DWAC

EPIX

MOR

NMR

TLRY

ZIM

In Tuesday's pre-market session, several stocks are moving higher despite lower U.S. stock futures, with Nasdaq futures down about 100 points. MorphoSys AG (MOR) shares jumped 18.8%, ESSA Pharma Inc. (EPIX) gained 10.6% after a 17% surge on Friday, Digital World Acquisition Corp. (DWAC) increased by 8.3%, ZIM Integrated Shipping Services Ltd. (ZIM) climbed 5.7%, Nomura Holdings, Inc. (NMR) rose by 5.3%, Tilray Brands, Inc. (TLRY) went up by 4.8%, and Applied Digital Corporation (APLD) gained 3.7% ahead of its quarterly earnings release.

Portfolio Pulse from Avi Kapoor

January 16, 2024 | 10:53 am

MS

Morgan Stanley (NYSE:MS) is anticipated to report lower Q4 earnings with an expected EPS of $1.09, down from $1.26 the previous year. Revenue is projected at $12.75 billion, compared to $13.27 billion in Q3. The stock closed down 0.9% at $89.70. Analysts from UBS, Goldman Sachs, Exane BNP Paribas, Oppenheimer, and BMO Capital have provided recent ratings and price target changes, with varying degrees of accuracy and sentiment.

Portfolio Pulse from Avi Kapoor

January 16, 2024 | 10:52 am

DG

Morgan Stanley analyst Simeon Gutman has upgraded Dollar General (NYSE:DG) from Equal-Weight to Overweight and increased the price target from $130 to $160. This upgrade reflects a positive outlook on the company's stock, suggesting potential for outperformance in the market.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 10:50 am

CSR

RBC Capital analyst Brad Heffern has upgraded Centerspace (NYSE:CSR) from Sector Perform to Outperform and increased the price target from $58 to $63, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 10:49 am

GM

General Motors Co (NYSE:GM) is reportedly halting its Ultra Cruise program to refocus on its existing Super Cruise driver assistance system. Ultra Cruise, which was set to launch in 2023, was a comprehensive system using camera, radar, and LiDAR sensors. The decision comes as GM faces challenges in autonomous driving technology, with its Cruise division suspending U.S. operations after an incident and announcing cost-cutting measures. GM's third-quarter EBIT-adjusted loss for Cruise was $732 million, up 47% from the previous year.

Portfolio Pulse from Anan Ashraf

January 16, 2024 | 10:40 am

WDC

Deutsche Bank analyst Sidney Ho upgraded Western Digital (NASDAQ:WDC) from Hold to Buy and increased the price target from $45 to $65.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 10:12 am

MBWM

Mercantile Bank Corporation (NASDAQ:MBWM) has increased its quarterly cash dividend to $0.35 per share, which is a 3% increase from the previous quarter and a 6% increase from the same quarter last year. The dividend is payable on March 13, 2024, to shareholders of record as of March 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 10:10 am

ETH-USD

Sales of Donald Trump's 'Trump Digital Trading Cards' NFTs surged 81% following Vivek Ramaswamy's withdrawal from the 2024 presidential race and endorsement of Trump. The sales increase was reported by OpenSea, with 67 units sold and a 92% rise in trading volume reaching 10.63 ETH. Trump's second NFT collection also saw a 28% sales increase and a 141% jump in trading volume. Additionally, an Ethereum wallet linked to Trump reportedly transferred 1,075 ETH to Coinbase, speculated to be NFT sales proceeds. Ethereum (ETH) is trading at $2,517, up 0.75%.

Portfolio Pulse from Mehab Qureshi

January 16, 2024 | 10:01 am

NVDA

Keybanc analyst John Vinh has maintained an Overweight rating on NVIDIA (NASDAQ:NVDA) and increased the price target from $650 to $740.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 9:37 am

AMD

Keybanc analyst John Vinh has maintained an Overweight rating on Advanced Micro Devices (AMD) and increased the price target from $170 to $195. This adjustment reflects a positive outlook on AMD's stock, suggesting potential upside from the current market price.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 9:29 am