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ZIM

JP Morgan analyst Samuel Bland has downgraded ZIM Integrated Shipping (NYSE:ZIM) from Overweight to Neutral and reduced the price target from $14 to $6.2.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 4:20 pm

AMZN

Amazon.com, Inc. (NASDAQ:AMZN) has had a significant year with developments in its grocery business, AI technology in logistics, and AWS's custom silicon chips. In 2024, U.S. consumers will be able to purchase Hyundai cars online via Amazon. The company is enforcing a three-day office work policy, with non-compliance affecting promotions. Employee protests have occurred against this policy. CEO Andy Jassy believes in-office work will strengthen company culture. Amazon competes with Microsoft in cloud computing and uses AI to fight fake reviews. AMZN stock is up 66.4% YTD and rose 0.9% to $144.20 on Friday.

Portfolio Pulse from Anusuya Lahiri

November 17, 2023 | 4:19 pm

DSWL

Deswell Industries, Inc. (NASDAQ:DSWL) reported H1 2024 financial results with EPS of $0.22, up from a loss of $0.04 YoY. Net sales were down 15.1% to $37.7M from $44.4M YoY. Gross margins improved in both plastic and electronic segments due to lower raw material and labor costs, and renminbi depreciation. Net income was $3.6M compared to a net loss of $0.6M in H1 2023. The company has a strong financial position with $17.4M in cash and no debt.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 4:17 pm

TGT

Big-money investors have shown a bearish stance on Target (NYSE:TGT), with options trades indicating a sentiment split of 27% bullish and 72% bearish. Benzinga's options scanner revealed 11 unusual options trades, with a price range target from $90 to $130 over the last 3 months. The largest trades included a bullish call with a strike price of $105 expiring on 11/24/23 and a bearish call with a strike price of $100 expiring on 01/19/24. Target is the sixth-largest U.S. retailer, operating over 1,900 stores with over $100 billion in sales. The stock price is currently up 0.34% at $130.38, with potential overbought signals from RSI indicators. Analysts have mixed ratings on TGT, with an average target price of $149 and varying recommendations from Buy to Market Perform.

Portfolio Pulse from Benzinga Insights

November 17, 2023 | 4:15 pm

USPH

JP Morgan analyst Calvin Sternick has maintained an Overweight rating on US Physical Therapy (NYSE:USPH) but reduced the price target from $108 to $99.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 4:12 pm

VSEC

Benchmark analyst Josh Sullivan has reaffirmed a Buy rating on VSE Corporation (NASDAQ:VSEC) and increased the price target from $70 to $85.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 4:08 pm

MA

Mastercard Incorporated's (NYSE:MA) blockchain and digital assets lead for Asia-Pacific, Ashok Venkateswaran, expressed skepticism about the current need for widespread use of central bank digital currencies (CBDCs), citing adoption challenges and the comfort of consumers with existing forms of money. While the IMF sees CBDCs as a safe and low-cost alternative to cash, and many countries are exploring or adopting them, Venkateswaran suggests they may be more justified in countries with less robust domestic payment networks. Mastercard's stock (MA) was trading down by 0.53% at the time of the report.

Portfolio Pulse from Nabaparna Bhattacharya

November 17, 2023 | 4:07 pm

BTCUSD

IAT

At Benzinga’s Future of Digital Assets event, Mina Khattak of Worldpay emphasized the role of traditional banks in crypto adoption, highlighting the need for KYC and AML protocols. Panelists discussed the potential of retail banks to facilitate crypto trading and mass adoption. The industry faces challenges in rebuilding trust after numerous frauds and scams. Eric Parker of Giddy pointed out the importance of safe blockchain transactions and decentralized finance as an alternative in a high-inflation environment.

Portfolio Pulse from Neil Dennis

November 17, 2023 | 4:07 pm

OMI

JP Morgan analyst Lisa Gill has maintained an Underweight rating on Owens & Minor (NYSE:OMI) and reduced the price target from $21 to $19.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 4:06 pm

CGC

Canopy Growth Corporation (CGC) has been approved by the Ontario Superior Court of Justice to sell assets of BioSteel Sports Nutrition Inc. under the Companies' Creditors Arrangement Act. The sale includes assets of BioSteel Canada and BioSteel Manufacturing, LLC, which is expected to improve Canopy Growth's balance sheet. CFO Judy Hong stated that ceasing to fund BioSteel has already enhanced the company's financial position, and the sale proceeds will further improve it. Canopy's shares were up 3.2216% at $0.5479 per share.

Portfolio Pulse from Jelena Martinovic

November 17, 2023 | 4:05 pm