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CSCO

Cisco Systems, Inc. (NASDAQ:CSCO) announced its intention to acquire Isovalent, Inc., a cloud-native networking and security company. This acquisition is aimed at enhancing Cisco's Security Cloud vision, which is an AI-driven, cloud-delivered, integrated security platform suitable for organizations of all sizes. Isovalent is a key contributor to eBPF and the development of Cilium, a leading solution for cloud-native networking and security. The Isovalent team will join Cisco's Security Business Group after the acquisition, expected to be completed in the third quarter of fiscal year 2024. Cisco's stock was trading down by 0.69% to $49.46 at the last check on Thursday.

Portfolio Pulse from Nabaparna Bhattacharya

December 21, 2023 | 7:20 pm

RCL

Shares of Royal Caribbean Cruises Ltd (NYSE:RCL) rose by 3.8% to $125.40, influenced by Carnival Corp's positive Q4 financial results and FY24 guidance. Additionally, Tigress Financial analyst Ivan Feinseth upgraded RCL's price target from $139 to $155. Carnival reported Q4 sales of $5.397 billion, surpassing estimates, with a significant increase in Passenger Cruise Days and a record high in customer deposits.

Portfolio Pulse from Henry Khederian

December 21, 2023 | 7:19 pm

RCL

Argus Research analyst John Staszak has reaffirmed a Buy rating on Royal Caribbean Group (NYSE:RCL) and increased the price target from $95 to $142, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 7:19 pm

UNH

UnitedHealth Group (NYSE:UNH) has seen a 15.62% decrease in short interest since its last report, with 5.00 million shares sold short, representing 0.54% of its float. The average time to cover these short positions is 1.65 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Compared to its peers, UNH has a lower short interest as a percentage of float, with the peer group average at 3.25%.

Portfolio Pulse from Benzinga Insights

December 21, 2023 | 7:15 pm

PPG

PPG Industries (NYSE:PPG) has seen a 16.9% increase in short interest since the last report, with 1.96 million shares sold short, representing 0.83% of available shares. The short interest ratio is 1.63 days to cover. While an increase in short interest can indicate bearish sentiment, PPG's short interest is below its peer group average of 4.22%. This information suggests investors are more bearish on PPG, but the company is less shorted compared to its peers.

Portfolio Pulse from Benzinga Insights

December 21, 2023 | 7:15 pm

LEN

Lennar Corporation (NYSE:LEN) has seen a decrease in short interest, with the short percent of float dropping 8.42% since the last report. The company has 4.98 million shares sold short, representing 2.61% of available shares for trading. The current short interest suggests it would take about 3.65 days for traders to cover their positions. A decrease in short interest can indicate a more bullish sentiment towards the stock. Lennar's short interest is below its peer group average of 6.11%.

Portfolio Pulse from Benzinga Insights

December 21, 2023 | 7:15 pm

GSAT

Globalstar, Inc. (NASDAQ:GSAT) stock reached a new 52-week high of $1.85, up by 8.5%, following the disclosure that board member James Lynch purchased 750,000 shares on December 18th and 19th. The insider buying, at prices between $1.66 and $1.69, is often seen as a sign of confidence in the company's future, which can positively influence investor sentiment and stock price.

Portfolio Pulse from Henry Khederian

December 21, 2023 | 7:13 pm

GKOS

Glaukos Corporation's stock (GKOS) is experiencing an uptick after JP Morgan upgraded the stock from Neutral to Overweight and increased the price target from $66 to $91.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 7:11 pm

MULN

Mullen Automotive's stock (MULN) is experiencing heightened volatility after the company executed a 1-for-100 reverse stock split. Additionally, Mullen announced the delivery of 38 Class 3 vehicles to Randy Marion Automotive Group, resulting in an invoice of $2.5 million to RMA.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 7:10 pm

AMD

INTC

NVDA

Analysts are closely watching the AI rivalry between AMD and Nvidia, with AMD seemingly taking the lead in a recent spat over GPU optimizations. Nvidia claims superiority with its H100 GPU, while AMD argues the comparison is unfair. Rosenblatt analyst Hans Mosesmann maintains a 'Buy' rating on both AMD (price target $200) and Nvidia (price target $1,100). Meanwhile, Intel's Meteor Lake laptop launch has received mixed reviews, and the company is rated 'Sell' with a price target of $17. Nvidia's stock has risen over 240% YTD, and AMD's over 115%.

Portfolio Pulse from Anusuya Lahiri

December 21, 2023 | 7:05 pm