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HD

NU

NVTS

RIOT

V

Jim Cramer, on CNBC's 'Mad Money Lightning Round,' praised Nu Holdings Ltd. (NU) as a 'winner' and a 'Brazilian stock that I absolutely like.' He suggested considering buying The Home Depot, Inc. (HD) and Visa Inc. (V), while recommending selling Navitas Semiconductor Corporation (NVTS) due to its lack of profitability. Cramer also advised against investing in Riot Platforms, Inc. (RIOT), suggesting direct Bitcoin investment instead, and hinted at Bitcoin potentially topping out. The mentioned stocks experienced gains in their last session.

Portfolio Pulse from Avi Kapoor

January 09, 2024 | 1:47 pm

SHW

Wells Fargo analyst Michael Sison has maintained an Equal-Weight rating on Sherwin-Williams (NYSE:SHW) and increased the price target from $297 to $310.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 1:46 pm

MCHP

Microchip Technology's stock is trading lower following the company's preliminary Q3 revenue report, which indicates a roughly 22% sequential decrease. This is a larger decline than the previously guided range of 15% to 20%.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 1:45 pm

MTCH

Match Group's stock (MTCH) is experiencing an uptick after reports emerged that Elliott Management has taken a position in the company valued at approximately $1 billion.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 1:44 pm

NRBO

NeuroBo Pharmaceuticals, Inc. (NRBO) has regained compliance with Nasdaq's minimum bid price requirement, satisfying all criteria for continued listing on The Nasdaq Capital Market. The formal notice from Nasdaq on January 8, 2024, closes the listing matter.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 1:41 pm

AXTA

Wells Fargo analyst Michael Sison has maintained an Equal-Weight rating on Axalta Coating Systems (AXTA) and increased the price target from $31 to $33.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 1:41 pm

MSM

MSC Industrial Direct Co Inc (NYSE:MSM) shares dropped after reporting Q1 FY24 results with revenue and adjusted EPS below analyst estimates. Revenue decreased by 0.4% Y/Y to $954.0 million, and adjusted EPS was $1.25, missing the consensus of $1.31. The company also saw a decline in adjusted operating income and a compression in operating margin. Despite the slower start, the company reiterated its FY24 outlook and the CEO expressed optimism about future growth and margin expansion. MSM shares fell 6.40% in premarket trading.

Portfolio Pulse from Lekha Gupta

January 09, 2024 | 1:41 pm

GOOGL

Alphabet Inc's Google is set to defend against a $7 billion patent infringement lawsuit brought by Singular Computing in Boston. The case alleges that Google's Tensor Processing Units, key to its AI technology, infringe on patents held by computer scientist Joseph Bates. The trial, which could result in the largest patent infringement award in U.S. history, is expected to last two to three weeks. This lawsuit is significant as Google has been heavily investing in AI, including a recent investment in AI startup Anthropic and the launch of its powerful AI model, Gemini AI.

Portfolio Pulse from Benzinga Neuro

January 09, 2024 | 1:40 pm

NVRO

Nevro Corp. has announced preliminary revenue for FY23 of $425 million, surpassing the estimated $418.33 million.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 1:40 pm

ACCD

Piper Sandler analyst Jessica Tassan has maintained an Overweight rating on Accolade (NASDAQ:ACCD) and increased the price target from $12 to $15. This adjustment reflects a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 1:39 pm