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BATL

BRSH

CHSN

GETR

INHD

Quanex Building Products Corporation (NYSE:NX) shares dropped by 10.7% to $30.95 after reporting Q4 financial results. Other stocks experienced significant movements in Friday's mid-day session, with notable gainers including Getaround, Inc. (NYSE:GETR), Battalion Oil Corporation (NYSE:BATL), and Bruush Oral Care Inc. (NASDAQ:BRSH), among others. Losers included Chanson International Holding (NASDAQ:CHSN) and Inno Holdings Inc. (NASDAQ:INHD), with significant drops after recent gains or IPO pricing.

Portfolio Pulse from Avi Kapoor

December 15, 2023 | 5:46 pm

BABA

PDD

Alibaba Group Holding Limited (NYSE:BABA) stock is up on Friday due to reports of a significant stimulus to boost liquidity and the company's increased focus on AI for e-commerce growth. Alibaba is integrating AI into its core business, restructuring its AI efforts, and has launched new AI tools like Taobao Wenwen and Aidge. The company's strategic shift to AI is in response to increasing competition, as evidenced by PDD Holdings Inc's (NASDAQ:PDD) rising market valuation. Alibaba's stock rose 3.33% to $74.93.

Portfolio Pulse from Anusuya Lahiri

December 15, 2023 | 5:44 pm

BTCUSD

Markus Thielen, Head of Research at Matrixport, suggests that Bitcoin prices are likely to increase in 2024 even without the approval of a spot Bitcoin ETF by the SEC. He notes that Bitcoin's dominance chart should be monitored for signs of an altcoin rally and mentions the historical price increases in Bitcoin halving years, with the next halving scheduled for April 2024. Additionally, he points out that crypto markets tend to perform well when liquidity expectations improve, as seen in 2023. Matrixport's previous estimates for Bitcoin's price by the end of 2023 ranged from $42,000 to $56,000, depending on Tether's market cap expansion. The article also references the potential impact of the Fed's interest rate policies on Bitcoin prices.

Portfolio Pulse from Khyathi Dalal

December 15, 2023 | 5:44 pm

CNFR

FANH

FNF

KINS

KNSL

LMND

MBI

MRAI

SKWD

SPNT

TRUP

In Friday's intraday session, insurance stocks saw movement with SiriusPoint, Fanhua, Skyward Specialty, Kinsale Cap Gr, Kingstone Companies, and Fidelity National Finl recording gains, while Trupanion, Lemonade, Hamilton Insurance Group, MBIA, Marpai, and Conifer Holdings experienced losses. The changes in stock prices were accompanied by trading volumes that were in line with their respective 100-day average volumes.

Portfolio Pulse from Benzinga Insights

December 15, 2023 | 5:40 pm

COST

Stifel analyst Mark Astrachan has maintained a Buy rating on Costco Wholesale (NASDAQ:COST) and increased the price target from $615 to $675, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 5:39 pm

AMD

INTC

NVDA

Nvidia Corp (NVDA) stock is trading higher due to progress in the Chinese market and a positive outlook from B of A Securities analyst Vivek Arya, who maintains a Buy rating and a $700 price target. Nvidia is seen as a major player in the AI accelerator market, expected to maintain a 75%+ market share. Arya also upgraded AMD (Advanced Micro Devices Inc) to Buy with a $165 price target, citing potential market share gains in the accelerator market. Intel Corp (INTC) was upgraded to Neutral with a $50 price target, as the company announced new AI chips and retained its chip manufacturing division. NVDA shares were up 1.43% at $490.39.

Portfolio Pulse from Anusuya Lahiri

December 15, 2023 | 5:38 pm

MGRX

Mangoceuticals has priced a public offering of 4 million shares at $0.30 per share, aiming to raise $1.2 million. This has led to a decline in the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 5:36 pm

CHSN

Chanson International Holding (CHSN) shares have resumed trading after a temporary halt. The resumption of trading allows investors to buy and sell CHSN shares again.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 5:36 pm

SPOT

Spotify Technology (NYSE:SPOT) is testing an AI-driven feature for creating personalized playlists, as revealed in a TikTok video. Users can interact with an AI chatbot to generate playlists based on prompts or themes. While Spotify has confirmed the test, details on the technology and launch timeline are undisclosed. The AI playlist initiative aligns with Spotify's strategy to integrate AI into its services, including an AI DJ launched earlier. CEO Daniel Ek has indicated further AI applications in development. SPOT shares dropped by 1.67% to $196.15.

Portfolio Pulse from Anusuya Lahiri

December 15, 2023 | 5:35 pm

MSS

Shares of Maison Solutions were halted on a circuit breaker due to a rapid decline, with the stock plummeting 44.7%.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 5:33 pm