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DOCU

DocuSign shares are trading lower following a downgrade by Wells Fargo from Equal-Weight to Underweight.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 8:34 pm

SHIBUSD

Shiba Inu (CRYPTO: SHIB) saw a 2.8% increase during Wednesday's trading after announcing a collaboration with D3 Global for the .shib domain. Despite the news, SHIB's value remained relatively stable, continuing the sideways trend from the weekend's volatility. Technical analysis suggests SHIB may consolidate further before establishing a new trend, with key resistance at $0.00001081 and support at $0.00000966.

Portfolio Pulse from Melanie Schaffer

December 20, 2023 | 8:28 pm

MOS

Mosaic Company (NYSE:MOS) stock declined after announcing lower-than-expected revenue and sales volumes for October and November 2023. The company also forecasted Q4 sales volumes and prices for potash and phosphates to be at the lower end of its guidance range. Concerns were raised about potential threats to fertilizer shipments to Brazil due to dry weather conditions.

Portfolio Pulse from Ryan Gustafson

December 20, 2023 | 8:23 pm

AAPL

Apple Inc. is accelerating the production of its new Vision Pro mixed-reality headset, with the aim of launching the product by February. The production is in full swing at facilities in China, with the company planning to have units ready for customers by the end of January and a retail debut in the following month.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 8:21 pm

RGEN

JP Morgan analyst Tycho Peterson has maintained an Overweight rating on Repligen (NASDAQ:RGEN) and increased the price target from $170 to $210. This adjustment reflects a positive outlook on the company's stock performance.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 8:19 pm

QGEN

JP Morgan analyst Tycho Peterson has reaffirmed an Overweight rating on Qiagen (NYSE:QGEN) and increased the price target from $45 to $50.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 8:17 pm

DIS

Shanghai Disney Resort, operated by Walt Disney Co (NYSE:DIS), is set to open a new Zootopia-themed attraction, capitalizing on the increased demand for travel and experiences in China post-pandemic. The Zootopia area is the resort's eighth themed section, following a Toy Story area added in 2018. Despite a general slow recovery in China's consumption since COVID-19, domestic travel and experience-based activities are rebounding strongly, with Shanghai Disney Resort seeing significant benefits. The resort's success contributed to a 31% growth in Disney's Experiences division in the last quarter. Shanghai Disney Resort is a joint venture, with Shendi Group holding a 57% stake. DIS shares were down 2.44% at $91.64 on the last check.

Portfolio Pulse from Anusuya Lahiri

December 20, 2023 | 8:17 pm

AFRM

WMT

Affirm Holdings Inc (NASDAQ:AFRM) shares have risen following the extension of its partnership with Walmart Inc (NYSE:WMT). Mizuho Securities analyst Dan Dolev maintains a bullish stance on Affirm, predicting its evolution into a comprehensive financial services firm. Dolev maintains a Buy rating and raises the price target from $30 to $65, anticipating a significant increase in GMV by fiscal 2026 due to the Affirm Card and higher GMV per user for direct deposit users. Despite the positive outlook, Affirm's shares were down 6.15% at the time of the report.

Portfolio Pulse from Priya Nigam

December 20, 2023 | 8:17 pm

AAPL

Wedbush analyst Daniel Ives predicts Apple Inc (AAPL) will reach a $4 trillion market cap by the end of 2024, maintaining an Outperform rating with a $250 price target. Ives highlights strong iPhone demand, potential for an AI app store, and robust services revenue growth as key drivers. Despite concerns over China, Ives sees a strong holiday season and iPhone 15 growth exceeding estimates, with 100 million iPhones in China poised for upgrades. Apple shares are currently trading at $195.84, up over 57% year-to-date.

Portfolio Pulse from Chris Katje

December 20, 2023 | 8:13 pm

HWM

JP Morgan analyst Seth Seifman has maintained an Overweight rating on Howmet Aerospace (NYSE:HWM) and increased the price target from $54 to $55. This adjustment reflects a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 8:11 pm