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TRMB

Trimble (TRMB) has completed the sale of its remote water monitoring hardware and software, including the Telog brand and Trimble Unity Remote Monitoring software, to Badger Meter, Inc. The divestiture aligns with Trimble's strategy to focus on core growth areas and its strategic product roadmap. The financial terms of the deal were not disclosed. Trimble will retain its water-related businesses in marine construction, infrastructure monitoring, and surveying. Badger Meter's CEO views the acquisition as a perfect fit for their strategic growth and enhancing their data and analytics offerings.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 9:02 pm

MAXN

Maxeon Solar Technologies (NASDAQ:MAXN) has received mixed ratings from 14 analysts in the past three months, with a shift towards a more bearish sentiment in the last 30 days. The average 12-month price target has dropped significantly from $19.85 to $11.00. Analysts from firms including Mizuho, Goldman Sachs, Morgan Stanley, UBS, Roth MKM, Northland Capital Markets, Raymond James, and B of A Securities have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Maxeon Solar Technologies is a manufacturer of solar technology with a lower market capitalization and revenue challenges, as well as a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 9:00 pm

EA

Over the past 10 years, Electronic Arts (NASDAQ:EA) has produced an average annual return of 19.39%, outperforming the market by 9.55%. A $1000 investment in EA a decade ago would now be worth $6,031.07. EA's market capitalization currently stands at $36.52 billion.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 9:00 pm

BTCUSD

The number of Bitcoin millionaire wallets has increased by 300% over the past year, reaching over 91,000. The number of 'wholecoiners' has also surpassed one million. Despite this growth, the figures have not reached the all-time high of November 2021. The top 100 richest Bitcoin addresses include a Binance cold wallet worth approximately $10.7 billion and a Bitfinex cold wallet valued at around $9 billion. Cathie Wood of Ark Invest compared Bitcoin to physical gold, and its market capitalization stands at $840.7 billion, making it the ninth most valuable asset globally. Bitcoin's year-to-date gains are 1.6%, with the overall crypto market capitalization at $1.67 trillion.

Portfolio Pulse from Khyathi Dalal

January 03, 2024 | 8:48 pm

OTIS

Otis Worldwide (NYSE:OTIS) has seen a 6.54% increase in short interest since the last report, with 4.68 million shares sold short, representing 1.14% of available shares. It would take about 1.92 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, Otis has less short interest compared to its peers, with an average of 3.36% short interest as a percentage of float. This rise in short interest does not necessarily predict a near-term decline in stock price.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 8:30 pm

HON

Over the past 15 years, Honeywell Intl (NASDAQ:HON) has delivered an average annual return of 12.97%, outperforming the market. A $1000 investment in HON 15 years ago would be worth $6,260.43 today. Honeywell's market cap stands at $135.36 billion, with a current stock price of $205.32.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 8:30 pm

BCS

Barclays (NYSE:BCS) has experienced a significant increase in short interest, with a 671.43% rise since the last report, reaching 19.45 million shares shorted, which is 0.54% of the float. The short interest is still below the peer group average of 0.84%. High short interest can indicate bearish market sentiment but does not necessarily predict a price drop.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 8:30 pm

QQQ

The Federal Reserve's December meeting minutes indicate that interest rates are likely at or near the cycle's peak, with the current rate at 5.25%-5.5%. The Fed acknowledges a slowdown in economic growth and a moderation in job gains, while inflation remains uneven with core services prices still high. The Fed's policy remains data-dependent, with a potential for lower rates by the end of 2024. Market reaction to the minutes was mixed, with a slight dip in the U.S. dollar index and Treasury yields, and a brief surge in the S&P 500 before retreating. The Invesco QQQ Trust (NASDAQ:QQQ) was 1% lower.

Portfolio Pulse from Piero Cingari

January 03, 2024 | 8:12 pm

MPC

Over the past decade, Marathon Petroleum (NYSE:MPC) has delivered an average annual return of 13.63%, outperforming the market by 3.74% annually. A $100 investment in MPC 10 years ago would be worth $359.91 today. The company's current market capitalization stands at $60.61 billion.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 8:00 pm

MSI

Motorola Solutions (NYSE:MSI) has delivered an average annual return of 16.8% over the past decade, outperforming the market by 6.91% on an annualized basis. A $1000 investment in MSI 10 years ago would be worth $4,742.79 today. The company's current market capitalization stands at $51.72 billion.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 8:00 pm