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NVO

Shares of Novo Nordisk are trading higher as scientists are investigating the potential use of weight loss drugs in the treatment of dementia and addiction.

Portfolio Pulse from Bill Haddad

September 07, 2023 | 3:41 pm

TMUS

T-Mobile has authorized a $19 billion buyback through the end of 2024 and intends to declare a dividend of $750 million in Q4. This has led to an increase in the company's share price.

Portfolio Pulse from Bill Haddad

September 07, 2023 | 3:39 pm

CGC

Shares of Canopy Growth Corporation (NASDAQ:CGC) are trading lower after gaining more than 75% over the last five days. The broader cannabis sector had been moving upward following a recommendation from the Department of Health and Human Services to reschedule marijuana to a Schedule III substance. CGC shares are moving lower on above-average trading volume, with more than 33.3 million shares traded in the session.

Portfolio Pulse from Erica Kollmann

September 07, 2023 | 3:37 pm

MULN

Mullen Automotive Inc. (NASDAQ:MULN), an electric vehicle manufacturer, has filed an appeal to the Nasdaq Listing Qualifications Panel to request a further extension of time and present its plan to regain compliance with Nasdaq Listing 5550(a)(2). The company failed to maintain a minimum bid price of $1.00, leading to non-compliance. The Panel has the discretion to grant the company up to an additional 180 days to regain compliance, but there is no guarantee of this.

Portfolio Pulse from Happy Mohamed

September 07, 2023 | 3:37 pm

ACLS

AMD

NVDA

Semiconductor and chip stocks are trading lower due to a tech selloff triggered by rate hike fears following US jobs data. The sector is also affected by China's planned iPhone crackdown and Huawei's announcement of a new smartphone with a 5G Kirin 9000s chip.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 3:34 pm

A

Agilent Technologies (NYSE:A) has outperformed the market over the past 10 years, producing an average annual return of 12.8%. If an investor had bought $1000 of A stock 10 years ago, it would be worth $3,361.85 today.

Portfolio Pulse from Benzinga Insights

September 07, 2023 | 3:30 pm

MFG

Mizuho Financial Gr Inc.'s (MFG) stock price is currently at $3.39, after a 0.34% drop. However, over the past month, the stock spiked by 3.62%, and in the past year, by 46.68%. The company's P/E ratio of 9.85 is lower than the Banks industry average of 28.51, which could indicate that the stock is undervalued or that it might perform worse than its industry peers.

Portfolio Pulse from Benzinga Insights

September 07, 2023 | 3:30 pm

AAPL

ASXC

NVDA

QQQ

SPY

Nvidia Corp's stock is trading lower in line with broader indexes due to rising Treasury yields. China extends its Apple Inc iPhone ban in sensitive departments, marking retaliation against U.S. semiconductor technology sanctions. Several U.S. chipmakers, including Nvidia, had requested the U.S. government to soften its China policy due to their significant exposure to the country. Meanwhile, Asensus Surgical, Inc stock is rising after it partnered with Nvidia to accelerate the development of its Intelligent Surgical Unit.

Portfolio Pulse from Anusuya Lahiri

September 07, 2023 | 3:30 pm

ROKU

Roku Inc (NASDAQ:ROKU) updated its Q3 guidance, leading to a pullback in shares. Analyst Laura Martin from Needham maintained a Buy rating and raised the price target from $85 to $100. Roku's new CFO, Dan Jedda, is expected to bring a free cash flow-first focus to the company. Analyst Daniel Kurnos from Benchmark reiterated a Buy rating and increased the price target from $89 to $115. Despite the company's guidance to higher revenue and EBITDA, the 2024 consensus may not change significantly due to ongoing macroeconomic uncertainty.

Portfolio Pulse from Priya Nigam

September 07, 2023 | 3:29 pm

ODD

Short seller Bear Cave has released a report on ODDITY Tech Ltd (NASDAQ:ODD), criticizing the company's business as 'high on hype, but low on substance.' The report notes that ODDITY heavily emphasizes its AI and machine learning capabilities, but downplays its makeup business. Despite rapid sales growth, Bear Cave believes ODDITY's success is more due to its advertising efforts on Instagram and Facebook, rather than its technological edge. Following the report, ODD shares fell by 7.39%.

Portfolio Pulse from Lekha Gupta

September 07, 2023 | 3:25 pm