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AMZN

Amazon.com, Inc. (NASDAQ:AMZN) has introduced Astro for Business, a new security solution for small and medium-sized businesses that leverages robotics, smart security, and AI. The service offers customizable subscriptions, including Ring Protect Pro and Astro Secure, with additional options like Virtual Security Guard for professional monitoring. This launch comes as businesses face significant losses, with nearly $100 billion reported in 2022. Amazon's stock closed lower by 1.78% at $143.20 on Wednesday.

Portfolio Pulse from Anusuya Lahiri

November 16, 2023 | 10:25 am

DAO

Youdao (NYSE:DAO) reported Q3 earnings with an EPS of $-0.08, missing estimates by 14.29% compared to the expected $-0.07. However, revenue increased by $13.76 million from the same period last year. In the previous quarter, Youdao beat EPS estimates which resulted in a 0.54% share price increase the following day.

Portfolio Pulse from Benzinga Insights

November 16, 2023 | 10:15 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) is reportedly offering discounts on inventory vehicles in various European countries and the U.S., which could continue to pressure margins. GLJ Research's Gordon Johnson, a bearish analyst, highlighted these discounts and sarcastically questioned the 'infinite demand' for Tesla's cars. In contrast, Future Fund's Gary Black downplayed the significance of inventory discounts, stating they only affect models for that quarter, unlike configurator discounts which are factored into analyst models indefinitely.

Portfolio Pulse from Shanthi Rexaline

November 16, 2023 | 10:14 am

LI

MSFT

Microsoft CEO Satya Nadella stated the company is focusing on global markets excluding China, in light of US national security concerns. Microsoft, which has been present in China since 1992 and provides AI services to Chinese firms like Li Auto and Xiaomi, is adhering to US government restrictions. This comes after the US introduced export restrictions on AI chips for China. Nadella mentioned the importance of following US trade, competition, and security policies, and does not see China's manufacturing role for Microsoft's Surface PCs as a major issue unless supply chain disruptions occur.

Portfolio Pulse from Benzinga Neuro

November 16, 2023 | 10:09 am

AAP

B of A Securities analyst Elizabeth Suzuki downgraded Advance Auto Parts (NYSE:AAP) from Neutral to Underperform and reduced the price target from $60 to $43, indicating a bearish outlook on the stock.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 10:03 am

AMAT

BABA

TGT

TJX

WMT

Market sentiment improved as the Fear and Greed index moved to 'Neutral'. U.S. stocks rose after the PPI data indicated a decline, contrary to expectations. TJX shares fell after a weak Q4 profit forecast, while Target's shares surged post strong Q3 results. S&P 500 sectors mostly gained, except energy and utilities. Investors look forward to earnings from AMAT, WMT, and BABA.

Portfolio Pulse from Lisa Levin

November 16, 2023 | 9:59 am

ARBK

Canaccord Genuity analyst Joseph Vafi has reiterated a 'Hold' rating on Argo Blockchain (NASDAQ: ARBK) and maintained a price target of $1.45.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 9:46 am

INTC

Mizuho analyst Vijay Rakesh has upgraded Intel (NASDAQ:INTC) from Neutral to Buy and increased the price target from $37 to $50, indicating a more positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 9:11 am

DDL

Dingdong (Cayman) (NYSE:DDL) reported a positive Q3 adjusted EPS of $0.01, a significant improvement from a loss of $(0.12) per share in the same quarter last year. However, sales declined by 15.67% to $704.45M from $835.39M in the previous year.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 9:04 am

TGT

Telsey Advisory Group analyst Joseph Feldman has maintained an Outperform rating on Target Corporation (NYSE:TGT) and increased the price target from $145 to $160.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 9:00 am