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👋 Hey AI, find important news and potential impact on stock prices.
🫡 Here are some must-read news today that may have stock influences.
seekingalpha.com
BearishShortTermAAPL
Apple files emergency motion against Watch ban (NASDAQ:AAPL)
- Apple has filed an emergency motion to pause a ban on importing and selling some of its Watch models.
- The ban was put in place by the International Trade Commission due to patent infringement.
- Apple's wearables business, which includes the Apple Watch, brought in over $8.2B in sales in Q3.
investing.com
BearishShortTermWMT
Explainer-What's next after US Apple Watch import ban? By Reuters
- The ban on Apple Watches has gone into effect due to a complaint from medical-monitoring technology company Masimo.
- Apple preemptively paused sales of its high-end Series 9 and Ultra 2 models in the US.
- The ban specifically applies to Apple and its affiliated companies but may not affect other retailers selling Apple Watches.
seekingalpha.com
BullishLongTermPFE
Pfizer: Why I Am Buying The 5.92% Yield After The 2.4% Dividend Increase
- Pfizer's stock has declined by -44.6% in 2023, but there may be an opportunity for long-term investors.
- Pfizer's financials have declined due to factors such as the negative stigma around the COVID-19 vaccine.
- Despite the decline, Pfizer is still profitable and has a strong balance sheet.
- The company recently delivered 2024 guidance that came in below expectations.
- Pfizer backstopped the dividend with a 2.4% increase, alleviating fears of a cut.
cnbc.com
BullishShortTermINTC
Israel grants Intel $3.2 billion for new $25 billion chip plant, biggest ever company investment in country
- Intel is receiving a $3.2 billion grant from the Israeli government to build a new chip plant in southern Israel.
- The investment is seen as a show of support for Israel during the conflict with Hamas.
- Intel's shares were up 1.9% in premarket trading following the announcement.
cnbc.com
BullishShortTermAMD
Here are 3 stocks — other than Nvidia — getting an AI premium from Wall Street
- Nvidia's stock price has increased by 234% this year due to the demand for its processors for training language models.
- AMD is viewed as the most likely competitor to Nvidia's AI chip monopoly, and its stock has risen by 116%.
- Arista Networks and Cloudflare are also benefiting from the generative AI wave, with their stocks rising by 96% and 87%, respectively.
seekingalpha.com
BearishShortTermPLTR
Palantir: Not A Clear Alpha Play Anymore (NYSE:PLTR)
- Palantir's RPO numbers, a leading indicator of future revenues, have consistently declined over the last four quarters, increasing top-line risk.
- The S&P 500 inclusion catalyst is likely priced in, as the company's eligibility and strong profitability status have already been reflected in the stock price.
- H2 FY23 has seen a significant increase in net insider selling of PLTR stock, signaling caution.
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