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AAPL

META

Apple Inc's (AAPL) Apple Vision Pro and Meta Platforms' (META) Meta Quest 3 are competing in the virtual reality space. Apple's device focuses on spatial computing with visionOS, while Meta's headset emphasizes VR experiences with hardware upgrades and mixed reality capabilities. The market anticipates the impact these devices will have, as they represent different approaches to immersive technology.

Portfolio Pulse from Surbhi Jain

January 08, 2024 | 4:40 pm

OMH

WBUY

Ohmyhome Ltd. (NASDAQ:OMH) and Webuy Global Ltd. (NASDAQ:WBUY) have announced a strategic partnership to cross-sell services in Singapore. Webuy will offer Ohmyhome's property services through its e-commerce platform, while Ohmyhome will promote Webuy's 'group buy' service to its homeowners. The collaboration aims to leverage both companies' customer bases and expand Webuy's retail footprint with 100 new stores. OMH shares rose by 1.32% to $1.54, and WBUY shares increased by 0.95% to $0.53.

Portfolio Pulse from Akanksha Bakshi

January 08, 2024 | 4:39 pm

CSLR

Cantor Fitzgerald analyst Derek Soderberg has initiated coverage on Complete Solaria (NASDAQ:CSLR) with an Overweight rating and a price target of $6. This new coverage could influence investor sentiment and potentially impact CSLR's stock price in the short term.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 4:39 pm

ANF

Abercrombie & Fitch's stock is trading higher following the company's announcement of an increased outlook for Q4 net sales and operating margin.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 4:38 pm

FIHL

JP Morgan analyst Pablo Singzon has downgraded Fidelis Insurance Holdings (FIHL) from Overweight to Neutral and reduced the price target from $16.5 to $15.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 4:34 pm

NVDA

PLTR

NVIDIA Corp (NVDA) and Palantir Technologies Inc (PLTR) are both AI-focused stocks that have seen significant gains in 2023, with NVDA up 245% and PLTR up 168%. NVDA is currently trading around $490 with a consensus price target of $600, indicating a potential upside of over 20%. Analyst Vivek Arya from BofA Securities is optimistic about NVDA's future due to strong free cash flow and a shift to recurring revenue. PLTR, trading around $16, has a consensus price target of $13.21, suggesting a potential downside. Jefferies analyst Brent Hill downgraded PLTR due to concerns over AI hype and unclear monetization strategy. Analyst consensus and a forward P/E ratio comparison suggest NVDA may offer more upside potential in 2024, while PLTR is considered riskier with a trailing P/E of 228.29.

Portfolio Pulse from Surbhi Jain

January 08, 2024 | 4:33 pm

LI

NVDA

NVIDIA has announced that Li Auto and other EV makers including GWM, ZEEKR, and Xiaomi have chosen NVIDIA's DRIVE platforms for their automated driving systems. Li Auto will use NVIDIA DRIVE Thor for its next-generation fleets, while GWM, ZEEKR, and Xiaomi will use the NVIDIA DRIVE Orin platform. These platforms will enable advanced autonomous driving features such as intelligent parking, automated operation on high-speed and urban roads, and full-scenario smart navigation.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 4:32 pm

MCO

Over the past 15 years, Moody's (NYSE:MCO) has produced an average annual return of 20.4%, outperforming the market by 8.5% on an annualized basis. A $100 investment in MCO 15 years ago would be worth $1,621.38 today. Moody's currently has a market capitalization of $68.22 billion.

Portfolio Pulse from Benzinga Insights

January 08, 2024 | 4:30 pm

ON

ON Semiconductor (NASDAQ:ON) has significantly outperformed the market with an average annual return of 24.32% over the past decade. An initial investment of $100 would now be worth $897.45. The company's current market capitalization stands at $32.95 billion.

Portfolio Pulse from Benzinga Insights

January 08, 2024 | 4:30 pm

LVS

Las Vegas Sands Inc. (NYSE:LVS) saw a 1.24% drop in its share price to $50.18 in the current market session. Despite a 6.77% increase over the past month, the stock has decreased by 5.07% over the past year. The company's P/E ratio of 58.4 is higher than the industry average of 49.87, suggesting it may be overvalued or expected to perform better in the future. Investors are advised to consider the P/E ratio alongside other financial metrics and qualitative analysis for investment decisions.

Portfolio Pulse from Benzinga Insights

January 08, 2024 | 4:30 pm