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DELL

HPQ

LNVGY

MSFT

HP Inc (HPQ) reported a slight decline in quarterly revenue but maintained its annual earnings outlook, expressing optimism about an AI-driven PC market recovery. Despite a PC market slowdown post-pandemic, HP and peers like Lenovo (LNVGY) and Dell Technologies (DELL) anticipate growth fueled by AI technology. HP's revenue fell 6.5% YoY to $13.82 billion, with declines in both personal systems and printing. The company expects to launch AI PCs in 2024, with a gradual market penetration. Microsoft (MSFT) is also contributing to market optimism with an AI-powered update to Windows 10, extending the life of the OS beyond its planned retirement.

Portfolio Pulse from Upwallstreet

November 24, 2023 | 3:34 pm

BMA

Banco Macro's stock is trading higher following the release of their positive Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 3:32 pm

HCM

Hutchmed's stock is experiencing an uptick following an upgrade from Deutsche Bank, which changed its rating from Hold to Buy and increased the price target from $20 to $22.1.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 3:31 pm

MS

Morgan Stanley (NYSE:MS) has delivered an average annual return of 13.77% over the past 15 years, outperforming the market. A $1000 investment in MS 15 years ago would be worth $5,329.49 today. The company's current market capitalization stands at $129.02 billion.

Portfolio Pulse from Benzinga Insights

November 24, 2023 | 3:31 pm

BRBR

Mizuho analyst John Baumgartner has maintained a Buy rating on BellRing Brands (NYSE:BRBR) and increased the price target from $47 to $57.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 3:30 pm

COIN

Coinbase Global, Inc. (NASDAQ:COIN) stock is experiencing an upward trend, rising nearly 15% over the past week and 35% over the past month. The surge is attributed to positive developments in the crypto market, including penalties against competitor Binance and the potential approval of a spot Bitcoin ETF. Binance's legal issues and the high percentage of COIN shares being shorted have also drawn attention. COIN's CEO Brian Armstrong commented on the importance of compliance in light of Binance's situation. COIN is trading above its 50-day moving average and near its 52-week high.

Portfolio Pulse from Erica Kollmann

November 24, 2023 | 3:27 pm

SGML

BMO Capital analyst Joel Jackson has maintained an Outperform rating on Sigma Lithium (NASDAQ:SGML) but reduced the price target from $44 to $40.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 3:24 pm

SPY

The latest S&P Global PMI data for November shows a contraction in the U.S. manufacturing sector, with the index falling to 49.4, and an unexpected growth in the services sector, with the index rising to 50.8. Employment levels decreased for the first time in over three years, with layoffs attributed to subdued demand and rising costs. Input price inflation eased, particularly in manufacturing, aligning with the Fed's 2% target. The mixed PMI data led to a slight decline in the U.S. dollar, while the SPDR S&P 500 ETF Trust (SPY) remained flat during Black Friday trading.

Portfolio Pulse from Piero Cingari

November 24, 2023 | 3:22 pm

PSFE

B of A Securities analyst Jason Kupferberg has maintained an Underperform rating on Paysafe (NYSE:PSFE) and reduced the price target from $13.9 to $13.7.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 3:21 pm

ALLG

BITF

CIG

GDEV

GRCL

ICG

Bitfarms Ltd. (BITF) shares dropped 9.9% after announcing a C$60 million private placement. Other stocks also moved lower: GDEV Inc. (GDEV) fell 11.7% post Q3 sales decline, Allego N.V. (ALLG) dropped 7.8% after a Q3 loss, Gracell Biotechnologies Inc. (GRCL) declined 6% with a narrower-than-expected loss, Intchains Group Limited (ICG) fell 5.6%, and CEMIG (CIG) decreased 5.5% following a downgrade by B of A Securities.

Portfolio Pulse from Lisa Levin

November 24, 2023 | 3:21 pm