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ZM

Zoom Video Communications Inc (ZM) announced that its AI assistant, Zoom AI Companion, will now be included for customers with paid services at no additional cost. The AI assistant aims to increase productivity and improve team effectiveness. The company also renamed its AI-powered sales software to 'Zoom Revenue Accelerator'. Josh Brown from Ritholtz Wealth Management announced his decision to buy Zoom shares, citing the company's competitive pricing model.

Portfolio Pulse from Adam Eckert

September 06, 2023 | 4:42 pm

HKIT

Shares of Hitek Global (HKIT) have resumed trading but were halted again due to a circuit breaker. The stock is currently down by 27.6%.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 4:41 pm

CMCSA

DIS

Comcast Corp (NASDAQ:CMCSA) and Walt Disney Co (NYSE:DIS) have expedited their discussions about the sale of Hulu, with a date set for September 30. Comcast, which owns one-third of Hulu, initially planned to initiate sale talks with Disney, the holder of the other two-thirds, in January 2024. Comcast CEO Brian Roberts estimates the potential value of synergies related to Hulu at $30 billion. If Comcast sells its Hulu stake, the proceeds will go to shareholders.

Portfolio Pulse from Anusuya Lahiri

September 06, 2023 | 4:36 pm

AAPL

Apple shares are trading lower due to a general weakness in tech stocks and a ban on the use of iPhones by government officials in China.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 4:34 pm

NXGN

NextGen Healthcare has agreed to be acquired by Thoma Bravo for $23.95 per share in cash. This has resulted in a surge in the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 4:32 pm

BBY

The weekly report discusses various economic indicators including job openings, housing prices, Best Buy's earnings, payroll data, spending trends, and the jobs report. Job openings have declined to just under 9MM, potentially making it easier for the Federal Reserve to pause rate hikes. Housing prices continue to rise, hitting all-time highs. Best Buy beat earnings expectations but lowered guidance, with comparable store sales down 6.2%. Payroll data showed 177,000 jobs added in August, below expectations. Consumer spending continues to increase, and the jobs report showed 187,000 jobs added in August, above expectations.

Portfolio Pulse from Gary Brode

September 06, 2023 | 4:31 pm

UPS

A significant investor has taken a bearish stance on United Parcel Service (NYSE:UPS), with 72% of recent trades being bearish and 27% bullish. The majority of trades are puts, totaling $389,577, compared to $102,335 in calls. Whales have been targeting a price range of $160 to $190 for UPS over the last three months. The current price of UPS is down 0.99% at $162.35. Analysts from Oppenheimer, UBS, JP Morgan, Credit Suisse, and BMO Capital have maintained their ratings on UPS, with price targets ranging from $185 to $195.

Portfolio Pulse from Benzinga Insights

September 06, 2023 | 4:31 pm

OXY

Unusual options activity has been observed for Occidental Petroleum (NYSE:OXY), with a large position indicating a bullish stance. The sentiment among these big-money traders is split between 60% bullish and 40% bearish. The whales have been targeting a price range from $50.0 to $75.0 for Occidental Petroleum over the last 3 months. Analysts' ratings vary, with UBS and Mizuho maintaining their Neutral and Buy ratings respectively, while Roth MKM and Stephens & Co. have downgraded their ratings to Neutral and Overweight respectively.

Portfolio Pulse from Benzinga Insights

September 06, 2023 | 4:31 pm

HKIT

Shares of Hitek Global (HKIT) were halted on a circuit breaker due to a significant drop in the stock price. The stock is currently down by 14.1%.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 4:31 pm

HKIT

Shares of Hitek Global (HKIT) have resumed trading.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 4:30 pm