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GOOS

Canada Goose Holdings Inc (NYSE:GOOS) has acquired the operating assets of its Romanian partner, Paola Confectii Manufacturing, to enhance its knitwear production capabilities. The acquisition, which is the company's first European facility, aims to improve product margins, supply control, and in-house expertise. Financial terms were not disclosed. Paola Confectii, which has been a partner since 2017, will continue operations under its current leadership. Canada Goose's cash position was C$37.5 million as of October 1, 2023, and its shares saw a 2.17% increase to $10.88.

Portfolio Pulse from Shivani Kumaresan

November 28, 2023 | 4:40 pm

COCH

Lake Street analyst Frank Takkinen has initiated coverage on Envoy Medical (NASDAQ:COCH) with a Buy rating and set a price target of $3.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 4:37 pm

AAL

American Airlines Group Inc (NASDAQ:AAL) has signed an agreement with carbon removal startup Graphyte to purchase 10,000 tons of permanent carbon removal, set to be delivered in early 2025. Graphyte's Carbon Casting process is an efficient and low-cost method for permanent CO2 removal. American Airlines aims to support the growth of the CO2 removal market and meet its emissions reduction goals with this purchase. AAL's stock saw a slight decrease of 0.62% to $12.10 on Tuesday.

Portfolio Pulse from Shivani Kumaresan

November 28, 2023 | 4:30 pm

AMZN

NVDA

During the AWS re:Invent conference, NVIDIA's CEO Jensen Huang presented, which coincided with an increase in NVIDIA's stock price. The details of the presentation were not provided, but the positive market reaction suggests that the content was well-received by investors.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 4:29 pm

AMZN

AWS announced new AWS-designed chips, Graviton4 and Trainium2, at AWS re:Invent. Graviton4 offers up to 30% better compute performance, 50% more cores, and 75% more memory bandwidth than Graviton3. Trainium2 provides up to 4x faster training for ML models and can be deployed in EC2 UltraClusters of up to 100,000 chips. Customers like Anthropic, Databricks, Datadog, Epic, Honeycomb, and SAP are using these chips. Graviton4 will be available in EC2 R8g instances, and Trainium2 in EC2 Trn2 instances. The chips aim to deliver better price performance, energy efficiency, and are designed for workloads like ML training and generative AI applications.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 4:26 pm

CHRS

Coherus BioSciences, Inc. (NASDAQ: CHRS) and Shanghai Junshi Biosciences announced the publication of final overall survival results from the JUPITER-02 Phase 3 trial of LOQTORZI for nasopharyngeal carcinoma (NPC) in JAMA. The study showed a 37% reduction in the risk of death when LOQTORZI is combined with chemotherapy compared to chemotherapy alone. LOQTORZI is the first FDA-approved treatment for NPC and is set to be available in the U.S. in January 2024. The treatment is expected to become the new standard of care for NPC.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 4:18 pm

PFE

Pfizer's CFO announced that the company is on track to present data on its oral weight loss drug by the end of the year, aligning with previous expectations.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 4:09 pm

CROX

Crocs, Inc. (CROX) shares have risen following an upgrade by Raymond James from Outperform to Strong Buy, with an increased price target from $98 to $115.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 4:05 pm

FFIE

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) announced receiving over 300 nonbinding no-deposit reservations for the FF 91 2.0 Futurist aiFalcon within 72 hours after their Middle East Strategy Launch Press Conference in Abu Dhabi. The company showcased the vehicle at the Yas Marina Circuit during the Abu Dhabi Formula 1 Grand Prix, which led to significant attention and on-site pre-order deposits from U.S. users. FFIE also announced strategic cooperation with Master Investment Group and Siraj Holding LLC, with Sheikh Abdullah bin Mohamed Al Qassimi and Ahmed Khalaf Al Otaiba joining FF's Global Advisory Committee to support business expansion in the Middle East. FFIE plans to solicit deposits after acquiring local regulatory sales licenses.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 4:02 pm

NOG

RBC Capital analyst Scott Hanold has reiterated an Outperform rating on Northern Oil & Gas (NYSE:NOG) and maintained a $46 price target on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 4:02 pm