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AZN

AstraZeneca's shares are trading higher following the announcement that datopotamab deruxtecan showed statistically significant and clinically meaningful progression-free survival benefit in patients with HR+ and HER2 low or negative breast cancer.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 12:50 pm

AMZN

GOOG

GOOGL

NFLX

Amazon Prime Video, a service by Amazon.Com, Inc (NASDAQ:AMZN), plans to introduce limited advertisements to its content starting in early 2024. This move is expected to support and amplify content investments. Members desiring an ad-free experience can opt for it at an additional $2.99 per month in the U.S. The move marks intense competition in the streaming space ruled by Netflix Inc (NASDAQ: NFLX), and Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) YouTube.

Portfolio Pulse from Anusuya Lahiri

September 22, 2023 | 12:46 pm

AAPL

Apple Inc. has launched its latest iPhone 15 series, with significant design changes and enhancements. The new series has sparked questions about its potential impact on holiday sales. While orders for the highest-end iPhone 15 models are backlogged until mid-November, other newly launched products received a more subdued response. Apple is optimistic about the new series reversing a trend of declining sales, especially with the iPhone 15 Pro featuring a significant design shift. Wall Street estimates for Apple's fourth-quarter revenue stand at $89.3 billion, with $43.6 billion projected to come from the iPhone.

Portfolio Pulse from Ananya Gairola

September 22, 2023 | 12:46 pm

BABA

MLGO

MicroAlgo Inc. announced a new backtracking search algorithm, causing its shares to surge by 42%. Alibaba Group Holding's shares also rose by 4.75% amid reports of its logistics unit, Cainiao Network Technology, preparing for a Hong Kong stock exchange debut with a minimum of $1 billion via share sale.

Portfolio Pulse from ryanfaloona@benzinga.com

September 22, 2023 | 12:46 pm

CDZI

EOSE

FLNT

NUVB

Insiders at four companies have recently made significant purchases of their own stocks. Eos Energy Enterprises CEO Joe Mastrangelo bought 36,500 shares at an average price of $2.05. Cadiz Inc. Executive Director Susan Kennedy acquired 15,822 shares at an average price of $3.17. Fluent, Inc. 10% owner Frost Gamma Investments Trust bought 100,000 shares at an average price of $0.46. Nuvation Bio Inc. Director Biotech Opportunity GP, LLC purchased 5,313,100 shares at an average price of $1.26.

Portfolio Pulse from Lisa Levin

September 22, 2023 | 12:44 pm

UBER

Uber Technologies, Inc. (NYSE:UBER) saw increased activity from options traders, with calls outpacing puts by over two to one. A risk reversal trade involved traders buying the November 47.5 calls by selling the 37.5 puts. Uber and Oracle announced a new offering called Collect and Receive, which connects retailers and consumers to enhance last mile delivery. Uber shares fell 4.2% to close at $44.60 on Thursday, but added 1.23% in Friday's premarket trading session.

Portfolio Pulse from Priya Nigam

September 22, 2023 | 12:42 pm

BTCUSD

Crypto analyst Benjamin Cowen predicts that Bitcoin (BTC) could fall to $23,000 and warns that altcoins may struggle for the rest of the year. He bases his prediction on Bitcoin's prolonged presence in the lower range of its price action and the struggles faced by the cryptocurrency market, particularly the altcoin segment. At the time of writing, BTC was trading at $26,617, down 1.56% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

September 22, 2023 | 12:42 pm

ALK

ASUR

DRVN

FREY

The article lists four industrials stocks that are currently oversold and could present a buying opportunity. These include Driven Brands Holdings Inc. (NASDAQ:DRVN), Alaska Air Group, Inc. (NYSE:ALK), FREYR Battery (NYSE:FREY), and Asure Software, Inc. (NASDAQ:ASUR). The companies have recently made significant moves such as share repurchase, better-than-expected earnings, redomicile, and secondary offering.

Portfolio Pulse from Lisa Levin

September 22, 2023 | 12:40 pm

MIGI

Mawson Infrastructure Group Inc. (NASDAQ:MIGI) reported a 27% month-on-month increase in self-mining Bitcoin production to 88 BTC in August 2023. The company also saw an 8% increase in self-miners to approximately 15,600. Monthly revenue for August was approximately $3.88M, with self-mining monthly revenue increasing 18% to $2.44M. The company's two sites in Pennsylvania have a total power capacity of approximately 109 MW, with capacity for nearly 32,500 miners.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 12:39 pm

TSLA

Analysts are debating the impact of the United Auto Workers union strike on Tesla, Inc. (NASDAQ:TSLA), General Motors Corp. (NYSE:GM), and Ford Motor Co. (NYSE:F). Bullish analyst Daniel Ives from Wedbush sees the strike as a potential advantage for Tesla, while bearish analyst Gordon Johnson from GLJ Research warns of a misunderstanding of the auto market and highlights the risk of Tesla's lower worker pay.

Portfolio Pulse from Shanthi Rexaline

September 22, 2023 | 12:31 pm