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NVDA

Goldman Sachs analyst Toshiya Hari maintains a Buy rating on Nvidia Corp (NVDA) with a price target of $605, anticipating strong performance in the Data Center and Gaming segments. Hari expects Nvidia to outperform in Q3 and Q4 due to a shift towards GPU computing, innovation, and improved supply. He projects Nvidia's Q3 revenue and EPS to be $16.08 billion and $3.45, and Q4 revenue and EPS to be $17.46 billion and $3.81, respectively. NVDA shares were up by 1.95% at $495.84.

Portfolio Pulse from Anusuya Lahiri

November 14, 2023 | 5:55 pm

PSFE

Paysafe Limited (NYSE:PSFE) reported a revenue increase of 8% Y/Y in Q3 FY23, slightly missing consensus estimates. Adjusted EPS was $0.57, surpassing expectations. The company saw strong performance in its e-commerce solutions and digital wallets, leading to a 20.60% surge in its stock price. Paysafe reiterated its FY23 revenue and adjusted EBITDA outlook, maintaining confidence in its financial targets despite a year-to-date stock decline of 26% before the recent upswing.

Portfolio Pulse from Anusuya Lahiri

November 14, 2023 | 5:51 pm

PSFE

Paysafe's stock is up following the announcement of Q3 adjusted EPS that exceeded expectations, along with the initiation of a $50 million share repurchase program.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 5:50 pm

ELAN

Elanco Animal Health's stock (ELAN) is trading higher following Piper Sandler's decision to maintain a Neutral rating while increasing the price target from $11 to $12.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 5:47 pm

BXP

Boston Properties Inc (BXP) has sold a 45% stake in two life sciences development properties in Cambridge, Massachusetts, to Norges Bank Investment Management for approximately $1.66 billion. BXP retains a 55% interest and will continue to provide development, property management, and leasing services. The deal will reduce BXP's future development spend by about $533.5 million. BXP recently reported a Q3 FFO per share of $1.86 and sales of $824.28 million, surpassing consensus estimates. BXP shares have risen 10.6% to $56.67.

Portfolio Pulse from Lekha Gupta

November 14, 2023 | 5:45 pm

ITW

Illinois Tool Works (NYSE:ITW) has seen an 8.43% increase in short interest since its last report, with 8.11 million shares sold short, representing 2.7% of its float. The short interest is lower than the peer group average of 3.49%. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop.

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 5:45 pm

DELL

Dell Technologies (NYSE:DELL) has seen a 19.57% increase in short interest since the last report, with 9.46 million shares sold short, representing 3.85% of available shares. It would take 2.25 days to cover these short positions based on current trading volume. While an increase in short interest can indicate bearish sentiment, it doesn't necessarily predict a price drop. Dell's short interest is below its peer group average of 6.58%.

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 5:45 pm

HES

Hess Corporation's (NYSE: HES) short interest has decreased by 9.03% since the last report, with 2.84 million shares sold short, representing 1.41% of available shares. The average time to cover these short positions is 1.0 day. This decline in short interest may indicate a more bullish sentiment among investors. Hess has a lower short interest compared to its peer group average of 6.33%.

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 5:45 pm

SE

Sea Limited (NYSE:SE) reported Q3 FY23 revenue of $3.310 billion, surpassing consensus but with an adjusted EPS loss of $(0.26), missing expectations. Digital Entertainment revenue fell by 33.7% Y/Y, while E-commerce and Digital Financial Services revenues grew. The company holds $7.9 billion in cash and equivalents. Despite revenue growth, SE shares dropped by 21.90% after the report.

Portfolio Pulse from Anusuya Lahiri

November 14, 2023 | 5:44 pm

PLUG

Plug Power, Inc. (NASDAQ:PLUG) stock is trading higher, recovering from a recent drop after a disappointing Q3 financial report and a 'going concern' warning. Analysts from Wells Fargo and Morgan Stanley have updated their coverage, both maintaining an Equal-Weight rating but lowering their price targets to $4 and $3.5, respectively. The stock is experiencing heavy trading volume, with over 39 million shares traded, exceeding the 100-day average volume.

Portfolio Pulse from Erica Kollmann

November 14, 2023 | 5:40 pm