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AMD

INTC

NVDA

Nvidia Corp (NASDAQ:NVDA) stock rose after announcing an upgrade to its H200 GPU, which is expected to enhance AI system development capabilities. The optimism around the Federal Reserve's interest rate hikes potentially peaking also contributed to the stock's increase. Nvidia's stock has gained over 240% in 2023, outperforming on the Nasdaq 100 and S&P 500 indexes. Analysts from Wolfe Research and Bloomberg Intelligence anticipate Nvidia's updated GPUs will maintain its market dominance. Nvidia's peers, AMD and Intel, are also launching competing chips. Nvidia is navigating U.S. sanctions by preparing new chip models for China and has formed a partnership with NTHU to foster AI innovation. NVDA shares were up 0.55% in premarket trading on Wednesday.

Portfolio Pulse from Anusuya Lahiri

November 15, 2023 | 1:02 pm

VFC

Over the last quarter, VF Corporation (NYSE:VFC) received 12 analyst ratings, with an average 12-month price target of $19.67, a decrease of 12.81% from the previous target of $22.56. The ratings included 2 bullish, 2 somewhat bullish, and 8 indifferent, with no bearish or somewhat bearish ratings. The high price target is $27.00 and the low is $15.00.

Portfolio Pulse from Benzinga Insights

November 15, 2023 | 1:00 pm

RKT

Analyst ratings for Rocket Companies (NYSE:RKT) over the last quarter show no bullish or bearish ratings, with 4 indifferent and 1 somewhat bearish rating. The average price target among these analysts is $8.5, which is below the current price of $9.15, suggesting a potential downside. This target reflects a 19.96% decrease from the previous target of $10.62. Analysts typically review stocks quarterly, providing insights based on company financials, meetings, and insider information.

Portfolio Pulse from Benzinga Insights

November 15, 2023 | 1:00 pm

PR

Permian Resources (NYSE:PR) has received 14 analyst ratings in the last quarter, with 9 bullish, 1 somewhat bullish, 4 indifferent, and none bearish. The average price target is $16.71, which is higher than the current price of $13.58, suggesting an upside. The average price target has increased by 10.3% over the past month. Analyst ratings are based on future earnings predictions and company risk assessments, and are updated quarterly or after major company events.

Portfolio Pulse from Benzinga Insights

November 15, 2023 | 1:00 pm

BABA

JD

Alibaba Group Holding Limited (NYSE:BABA) stock is up in sympathy with JD.Com, Inc (NYSE:JD) despite JD's mixed Q3 results, with revenue missing but earnings beating estimates. The China Securities Regulatory Commission (CSRC) is scrutinizing Alibaba's logistics arm, Cainiao Network Technology, for details on its business dependency on Alibaba and plans for spin-off listings of Alibaba's other businesses. Cainiao, which has been approved for a Hong Kong IPO, is being questioned about its shareholder structure, compliance with regulations, and its relationship with Alibaba.

Portfolio Pulse from Anusuya Lahiri

November 15, 2023 | 12:57 pm

JPM

JP Morgan Chase & Co. (NYSE:JPM) is expecting a significant increase in the daily transactions of its digital token, JPM Coin, with projections of managing up to $10 billion daily within the next year or two. Currently, the bank handles about $1 billion in JPM Coins daily. JPM Coin is used by wholesale clients to facilitate payments in dollars and euros through a private blockchain network. This growth expectation comes despite CEO Jamie Dimon's cautious outlook on the macroeconomic situation. JPM shares saw a slight increase of 0.22% to $148.77 in premarket trading.

Portfolio Pulse from Nabaparna Bhattacharya

November 15, 2023 | 12:49 pm

SYPR

Sypris Solutions reported a narrower Q3 loss of $(0.03) per share compared to $(0.10) per share in the same quarter last year. Sales increased by 33.34% to $33.60M from $25.20M in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 12:49 pm

NOTE

EF Hutton analyst Michael Albanese has maintained a Buy rating on FiscalNote Holdings (NYSE:NOTE) but has reduced the price target from $9 to $7.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 12:47 pm

HIW

MPW

OUT

Analysts have provided ratings for high-yield dividend stocks in the real estate sector. Medical Properties Trust (MPW) was downgraded by JP Morgan and Raymond James, with a missed revenue consensus. Highwoods Properties (HIW) maintained ratings from Morgan Stanley and Credit Suisse, with better-than-expected sales. OUTFRONT Media (OUT) kept an Equal-Weight rating from Morgan Stanley and a Buy rating from Citigroup, with better-than-expected EPS results.

Portfolio Pulse from Lisa Levin

November 15, 2023 | 12:47 pm

LEGN

HC Wainwright & Co. analyst Mitchell Kapoor has reaffirmed a Buy rating on Legend Biotech (NASDAQ:LEGN) and increased the price target from $86 to $87.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 12:46 pm