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ADXN

Addex Therapeutics is experiencing a premarket increase on low volume. The company is scheduled to present at the Biotech Showcase on Monday.

Portfolio Pulse from Charles Gross

January 08, 2024 | 10:32 am

NVDA

Nvidia is set to launch an AI chip specifically designed for the Chinese market in the second quarter of 2024, according to sources familiar with the matter. This move comes as a strategic step to navigate the complex trade restrictions and maintain its presence in the critical Chinese market.

Portfolio Pulse from Charles Gross

January 08, 2024 | 10:22 am

EWJ

EWT

FXI

SPY

China's Maritime Safety Administration announced that China will conduct live firing drills in the East China Sea on January 8-9. The drills may affect regional stability and could have implications for related markets and ETFs.

Portfolio Pulse from Charles Gross

January 08, 2024 | 10:13 am

LUV

Bernstein analyst David Vernon has downgraded Southwest Airlines (NYSE:LUV) from Market Perform to Underperform and reduced the price target from $29 to $24, indicating a bearish outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 10:12 am

BA

LMT

United Launch Alliance's (ULA) new Vulcan rocket successfully launched from Florida, carrying payloads including Astrobotic's Peregrine Lunar Lander. The Vulcan rocket, a competitor to SpaceX's Falcon 9, is expected to serve clients like the Pentagon, NASA, and Amazon. ULA, a joint venture between Boeing Co (BA) and Lockheed Martin Corp (LMT), aims for a bi-weekly launch rate and has sold over 70 Vulcan launches. The Peregrine Lunar Lander is on a mission to achieve the first US soft landing on the moon since 1972.

Portfolio Pulse from Anan Ashraf

January 08, 2024 | 9:54 am

HARP

MRK

Merck is reportedly in advanced discussions to acquire Harpoon Therapeutics for approximately $23 per share, according to Bloomberg.

Portfolio Pulse from Charles Gross

January 08, 2024 | 9:47 am

AAPL

FXI

JEF

Apple Inc.'s iPhone sales in China have dropped by 30% in the first week of 2024, according to a note from Jefferies. This decline represents a significant setback for the U.S. tech giant in a crucial market.

Portfolio Pulse from Charles Gross

January 08, 2024 | 9:45 am

AQN

BMO Capital analyst Ben Pham has upgraded Algonquin Power (NYSE:AQN) from Market Perform to Outperform and increased the price target from $7 to $7.5.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 9:44 am

V

Keybanc analyst Josh Beck has maintained an Overweight rating on Visa (NYSE:V) and increased the price target from $275 to $300. This adjustment reflects a positive outlook on Visa's stock performance.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 9:41 am

MQ

Keybanc analyst Alex Markgraff has maintained an Overweight rating on Marqeta (NASDAQ:MQ) and increased the price target from $7 to $8. This adjustment reflects a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 9:39 am