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META

Meta Platforms Inc. (NASDAQ:META) has launched a new tagging feature in its Threads app to improve user experience and reduce spam. The feature, which allows users to tag topics in posts, was successfully trialed in Australia and is now rolling out globally. Unlike traditional hashtags, Threads' tags appear as blue text and can include spaces and special characters. The app limits users to one tag per post to minimize spam and focuses on community building over 'engagement hacking'. Threads has seen a significant increase in downloads, surpassing X (formerly Twitter), with 41 million new downloads since September.

Portfolio Pulse from Benzinga Neuro

December 11, 2023 | 12:37 pm

AVGO

CAMT

CBRL

SAIC

Wall Street analysts have made recent stock picks, with the most accurate analysts according to Benzinga Analyst Stock Ratings highlighted. Keybanc's Philip Gibbs initiated coverage on Worthington Steel, Inc. (WS) with an Overweight rating and a price target of $29. Truist Securities' William Stein maintained a Buy rating on Broadcom Inc. (AVGO) and raised the price target to $1,015. B. Riley Securities' Craig Ellis upgraded Camtek Ltd. (CAMT) to Buy and increased the price target to $75. Piper Sandler's Brian Mullan maintained a Neutral rating on Cracker Barrel Old Country Store, Inc. (CBRL) and cut the price target to $75. JP Morgan's Seth Seifman downgraded Science Applications International Corporation (SAIC) to Neutral and raised the price target to $142.

Portfolio Pulse from Avi Kapoor

December 11, 2023 | 12:36 pm

VNO

Evercore ISI Group analyst Steve Sakwa has downgraded Vornado Realty (NYSE:VNO) from In-Line to Underperform, while raising the price target from $23 to $28.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 12:35 pm

NVDA

QCOM

QRVO

SWKS

Huawei Technologies Co. has made significant strides in self-reliance on 5G technology with its Mate 60 Pro smartphone, which now uses radio-frequency chips from domestic suppliers instead of U.S. companies like Skyworks Solutions Inc. (SWKS) and Qorvo Inc. (QRVO). This development is part of China's broader strategy to create an independent chip ecosystem, with Huawei leading the charge as a chip designer and supporter of smaller firms in the supply chain. The move reduces Huawei's reliance on U.S. suppliers such as Qualcomm Inc. (QCOM), and positions Huawei as a strong competitor in the AI chip market, as acknowledged by NVIDIA Corp. (NVDA) CEO Jensen Huang.

Portfolio Pulse from Ananya Gairola

December 11, 2023 | 12:34 pm

ROI

RiskOn International, Inc. (NASDAQ: ROI) has filed an appeal against a delisting notice from Nasdaq due to non-compliance with the minimum stockholders' equity requirement of $2.5 million as per Nasdaq Listing Rule 5550(b)(1).

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 12:33 pm

NSA

Evercore ISI Group analyst Steve Sakwa has downgraded National Storage (NYSE:NSA) from In-Line to Underperform, while also raising the price target from $32 to $35.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 12:32 pm

CRGE

DUO

GPAK

KRKR

SHEN

The article lists the top 5 oversold tech and telecom stocks with potential for growth in Q4, based on their low RSI values. Charge Enterprises (CRGE) reported increased revenue and gross profit but saw a 28% stock decline. 36Kr Holdings (KRKR) experienced a sales drop and a 7% stock decline. Fangdd Network (DUO) announced a board resignation and a 22% stock decline. Shenandoah Telecommunications (SHEN) posted positive results yet saw a 10% monthly stock decline. Gamer Pakistan (GPAK) announced a share repurchase program but faced a 27% monthly stock decline.

Portfolio Pulse from Avi Kapoor

December 11, 2023 | 12:32 pm

CUBE

Evercore ISI Group analyst Steve Sakwa downgraded CubeSmart (NYSE:CUBE) from Outperform to In-Line while raising the price target from $42 to $43.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 12:29 pm

CASY

HUM

LCID

ORCL

PINS

QQQ

SPY

U.S. stocks are expected to start the week with limited momentum as investors await the Federal Reserve's rate-setting meeting and the November inflation report. Last week, stocks saw gains, with the Nasdaq Composite, S&P 500 Index, Dow Industrials, and Russell 2000 all closing positively. Analysts suggest that a 'higher for longer' interest rate scenario may be preferable, as rate cuts often signal an approaching recession. Premarket trading saw slight declines in SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ ETF (QQQ). Stocks in focus include Humana (HUM) and Cigna (CI), which rose after canceling a proposed combination, with Cigna also announcing a stock buyback plan. Lucid Group (LCID) fell after being removed from the Nasdaq 100 Index, while Pinterest (PINS) rose on positive analyst action. Casey’s General Stores (CASY) and Oracle Corp. (ORCL) are set to report earnings.

Portfolio Pulse from Shanthi Rexaline

December 11, 2023 | 12:27 pm

ALGN

Goldman Sachs analyst Nathan Rice downgraded Align Technology (NASDAQ:ALGN) from Neutral to Sell and set a price target of $197.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 12:27 pm