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GOOG

GOOGL

HOOD

Alphabet Inc, the parent company of Google, has sold all of its remaining shares in Robinhood Markets Inc, the online trading app operator. Alphabet had previously sold 90% of its shares in Robinhood in August and has now divested the remaining stake, which was worth around $5M. Robinhood's shares have fallen 38% since Alphabet's August divestment and were trading 0.8% lower early Monday. Robinhood has experienced a decline in transaction revenue and active monthly users, contributing to a net quarterly loss of $85 million.

Portfolio Pulse from Neil Dennis

November 13, 2023 | 3:19 pm

COST

Stifel analyst Mark Astrachan has maintained a Buy rating on Costco Wholesale (NASDAQ:COST) and increased the price target from $575 to $595.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 3:17 pm

NVO

Novo Nordisk A/S (NYSE:NVO) released results from the SELECT phase 3 trial of semaglutide (Wegovy) at the AHA Scientific Sessions, showing a 20% risk reduction in MACE for patients with CVD and obesity without diabetes. The drug also reduced the risk of non-fatal heart attack by 28%, non-fatal stroke by 7%, and progression to diabetes by 73%. However, 17% of participants discontinued due to gastrointestinal issues. NVO shares dropped 2.90% to $98.26.

Portfolio Pulse from Vandana Singh

November 13, 2023 | 3:17 pm

TSN

Tyson Foods Inc (NYSE:TSN) shares rose after reporting Q4 FY23 results, despite a sales decline of 2.8% Y/Y to $13.35 billion, missing estimates. Beef and Pork volumes fell, while Chicken and Prepared Foods rose. Gross profit and operating income dropped significantly, but adjusted EPS of $0.37 beat expectations. The company increased its quarterly dividend and expects FY24 sales to be flat with adjusted operating income of $1.0 billion to $1.5 billion. TSN shares are up 1.65% at $47.70.

Portfolio Pulse from Lekha Gupta

November 13, 2023 | 3:16 pm

WELL

Wells Fargo analyst Todd Stender has maintained an Overweight rating on Welltower (NYSE:WELL) and increased the price target from $93 to $95.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 3:13 pm

SYTA

Shares of Siyata Mobile were halted due to a circuit breaker after experiencing a significant increase, with the stock price rising by 30.8%.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 3:13 pm

Wells Fargo analyst Connor Siversky has maintained an Equal-Weight rating on Healthcare Realty Trust (NYSE:HR) but has lowered the price target from $17 to $16.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 3:10 pm

PECO

Wells Fargo analyst Tammi Fique has maintained an Underweight rating on Phillips Edison (NASDAQ:PECO) and reduced the price target from $35 to $32.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 3:09 pm

AAPL

AMZN

GOOG

META

MSFT

NVDA

QQQ

SPY

TSLA

Moody's has downgraded the U.S. credit outlook to negative, citing large federal deficits as a key driver. The deficits persist post-pandemic due to spending programs like the Inflation Reduction Act and Infrastructure Act. The downgrade occurred after market close on Friday with minimal immediate market reaction. Prudent investors are advised to diversify investments globally and across asset classes, and consider shorting strategies. Boeing (BA) is boosted by potential Chinese orders and Dubai Air Show prospects. Early trades show positive money flows in TSLA, NVDA, MSFT, and mixed in SPY and QQQ; negative in AAPL, AMZN, GOOG, META. Bitcoin is range-bound with speculation on ETF approval and BlackRock's Ethereum ETF filing. The Arora Report suggests a protection band strategy for investors.

Portfolio Pulse from The Arora Report

November 13, 2023 | 3:06 pm

NYCB

WBS

Webster Financial Corporation (NYSE:WBS) is distributing a dividend of $0.40 per share with an annualized yield of 4.23%. The ex-dividend date was November 2, 2023, and the dividend is payable on November 13, 2023. The company has shown a positive trend in dividend growth from $1.53 to $1.60 per share from 2019 to 2022 and an increase in earnings per share from $4.13 to $5.30 over the same period. New York Community Bancorp (NYSE:NYCB) has the highest annualized dividend yield in the industry at 7.31%.

Portfolio Pulse from Benzinga Insights

November 13, 2023 | 3:05 pm