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ETNB

89bio Inc (NASDAQ:ETNB) reported positive topline data from the Phase 2b ENLIVEN trial of pegozafermin for NASH, showing sustained improvements in liver health markers at week 48. The results were consistent with week 24 findings, and the drug was well-tolerated with stable adverse event rates. Despite the positive data, ETNB shares dropped 3.28% to $7.66.

Portfolio Pulse from Vandana Singh

November 27, 2023 | 5:42 pm

AMZN

ETSY

E-commerce and internet retail stocks are up following Mastercard SpendingPulse data indicating an 8.5% increase in e-commerce sales on Black Friday. Investors are now anticipating Cyber Monday sales data.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 5:40 pm

ACIC

CCG

CNFRZ

FANH

FGFPP

GOCO

KINS

MRAI

OXBR

ROOT

TIRX

UVE

In Monday's intraday session, insurance stocks saw movement with Oxbridge Re Holdings (OXBR), Cheche Group (CCG), Tian Ruixiang Holdings (TIRX), Universal Insurance Hldgs (UVE), American Coastal (ACIC), and GoHealth (GOCO) recording gains, while FG Finl Gr (FGFPP), Conifer Holdings (CNFRZ), Marpai (MRAI), Fanhua (FANH), Kingstone Companies (KINS), and Root (ROOT) experienced losses. The volume of shares traded for all mentioned companies was reported to be 0% of their average full-day volume over the last 100 days.

Portfolio Pulse from Benzinga Insights

November 27, 2023 | 5:40 pm

PVH

Evercore ISI Group analyst Michael Binetti has maintained an Outperform rating on PVH Corp (NYSE:PVH) and increased the price target from $100 to $105.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 5:40 pm

AMZN

BBY

DELL

LOGI

MSFT

NTDOY

SONY

WMT

Cyber Monday brings significant discounts on gaming products, including consoles, laptops, monitors, accessories, headsets, graphics cards, and games. Deals include discounts on PS5, Dell G15, and Samsung Odyssey monitors. Retailers like Amazon, Best Buy, and Walmart feature prominently with various offers. The sale ends at midnight on Nov. 27.

Portfolio Pulse from Franca Quarneti

November 27, 2023 | 5:39 pm

ROKU

Roku Inc (NASDAQ:ROKU) stock is experiencing a surge following an upgrade from Cannonball Research analyst Vasily Karasyov, who changed the rating from Neutral to Buy with a price target of $116. Karasyov cites potential for upward estimate revisions, noting that current consensus estimates for fiscal year 2024 may be conservative, with a forecasted 17.5% growth in video advertising and a 7.7% decline in platform revenue. The analyst believes that connected TV advertising spending is more resilient than expected and that Roku's market share gains are likely to continue, contrary to the scenario where they would need to stop for the base case to play out.

Portfolio Pulse from Adam Eckert

November 27, 2023 | 5:38 pm

COIN

Coinbase Global, Inc. (NASDAQ:COIN) stock reached a new 52-week high of $120.34, driven by positive developments in the cryptocurrency sector. Bitcoin's new high, a settlement with Binance, the election of a pro-cryptocurrency president in Argentina, and anticipation of BlackRock's Bitcoin ETF have contributed to Coinbase's over 70% gain in the past month. Trading volume for COIN has exceeded its 100-day average.

Portfolio Pulse from Erica Kollmann

November 27, 2023 | 5:37 pm

AGS

Truist Securities analyst Barry Jonas has reiterated a Buy rating on PlayAGS (NYSE:AGS) and maintained a $12 price target for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 5:36 pm

AMZN

CHWY

Chewy, Inc. (NYSE:CHWY) stock has declined over 9% in the past five days and is trading lower on heavy volume, with over 6.7 million shares traded versus the 100-day average of 6.801 million. Jim Cramer of CNBC suggested that Chewy is bottoming but faces competition from Amazon (NASDAQ:AMZN). CHWY is a popular stock among short-sellers and retail investors, with 24.34% of its shares sold short. Chewy is scheduled to report Q3 financial results on Dec. 6. The stock is currently down nearly 8% at $18.69.

Portfolio Pulse from Erica Kollmann

November 27, 2023 | 5:34 pm

BIRD

BODY

FSR

FUV

NOGN

QRTEA

SOND

In Monday's intraday session, several consumer discretionary stocks experienced significant movements. Beachbody Co (BODY) saw a 27.8% increase, while Qurate Retail (QRTEA) rose by 15.14%. Allbirds (BIRD) and Arcimoto (FUV) also saw gains of 10.79% and 10.59%, respectively. Conversely, Nogin (NOGN) dropped by 23.4%, Fisker (FSR) by 11.66%, and Sonder Holdings (SOND) by 9.78%, among other decliners.

Portfolio Pulse from Benzinga Insights

November 27, 2023 | 5:31 pm