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AMZN

MSFT

NVDA

Evercore ISI analyst Mark Mahaney predicts that Amazon.com Inc (AMZN) stock will trade at $200 in 2024, driven by growth in AI applications in cloud computing, advertising, and retail. Mahaney suggests that the market has not fully recognized Amazon's AI potential, which he believes will lead to record operating margins and profit next year. Despite a recent uptick, he views the current stock price as a dislocated buying opportunity. Meanwhile, shares of Microsoft (MSFT) and Nvidia (NVDA) were bid up in 2023 due to their AI exposure.

Portfolio Pulse from Adam Eckert

November 21, 2023 | 7:39 pm

AIRE

BURL

GLMD

HIBB

SYM

VTVT

U.S. stocks declined as the FOMC minutes were released, with the Dow, NASDAQ, and S&P 500 all falling. Health care shares rose by 0.8%, while information technology shares dropped by 0.9%. Burlington Stores, Symbotic, and Hibbett saw their shares rise after reporting positive financial results. Conversely, reAlpha Tech, vTv Therapeutics, and Galmed Pharmaceuticals experienced significant share price drops due to a public offering, reverse stock split, and study delay, respectively. Gold prices increased by 1.1%, and sales of previously owned homes in the U.S. fell by 4.1%.

Portfolio Pulse from Lisa Levin

November 21, 2023 | 7:35 pm

NVDA

QQQ

SPY

UUP

The November FOMC minutes indicate the Fed may pause its rate hikes as inflation eases, with the current rate between 5.25% and 5.5% deemed restrictive. The Fed requires more data to ensure inflation is moving towards the 2% target. Markets had anticipated the rate hold, with little movement in Fed rate expectations post-minutes. The U.S. Dollar Index saw a brief uptick but then retracted, while the SPDR S&P 500 ETF Trust and Invesco QQQ Trust showed marginal declines. Investor focus is on NVIDIA's upcoming earnings report.

Portfolio Pulse from Piero Cingari

November 21, 2023 | 7:33 pm

KKR

KKR & Co (NYSE:KKR) has delivered an average annual return of 11.08% over the past 10 years, outperforming the market by 1.45% on an annualized basis. A $100 investment in KKR stock a decade ago would be worth $287.32 today. KKR's market capitalization currently stands at $60.26 billion.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 7:30 pm

AMT

American Tower (NYSE:AMT) has delivered an average annual return of 15.34% over the past 20 years, outperforming the market by 7.83% annually. A $100 investment in AMT 20 years ago would be worth $1,737.58 today. The company's current market capitalization stands at $92.18 billion.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 7:30 pm

CMND

Clearmind Medicine Inc. (CMND) announced a 1-for-30 reverse stock split effective Nov. 28, 2023, to address Nasdaq's delisting notice due to its failure to maintain the minimum bid price of $1.00 for thirty consecutive business days. The company's shareholders approved the reverse split, which will adjust common shares from 18,221,419 to 607,381. Clearmind plans to appeal the delisting determination to a hearings panel. As of Nov. 21, CMND's share price was around $0.12.

Portfolio Pulse from Lara Goldstein

November 21, 2023 | 7:25 pm

GEO

MSFT

Citron Research tweeted that GEO Group, Inc. (GEO) should see its stock price return to $15 as investors recognize it as the sole provider of a Congressional-approved technology solution for tracking migrants, a service not offered by Microsoft (MSFT).

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 7:23 pm

CANF

Can-Fite Biopharma Ltd's shares have resumed trading. The resumption of trading follows a temporary halt, but the article does not provide details on the reasons for the halt or the implications of the resumption.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 7:19 pm

BTCUSD

PYPL

Alex Konanykhin, CEO of Unicoin, predicts Bitcoin's (BTC) decline as it loses market share to emerging digital currencies. He emphasizes the importance of blockchain technology and the need for sensible regulation in the crypto space. Konanykhin also notes institutional investors' concerns about Bitcoin's volatility and the potential for mainstream adoption of cryptocurrencies, drawing parallels to PayPal (PYPL).

Portfolio Pulse from Murtuza Merchant

November 21, 2023 | 7:17 pm

BMY

Bristol-Myers Squibb (NYSE:BMY) has seen a decrease in short interest, with the short percent of float dropping 12.88% since the last report. The company has 23.40 million shares sold short, representing 1.15% of available shares. The current short interest is below the peer group average of 3.20%. While a decline in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term rise in stock price.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 7:15 pm