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ARKK

BTCUSD

Cathie Wood, CEO of ARK Invest, anticipates the potential approval of the Ark21Shares Bitcoin ETF (ticker 'ARCB') as a significant event for Bitcoin. She targets $4 billion in inflows from institutional investors, despite a longer due diligence process. Wood remains optimistic about the future of digital asset ETFs, though acknowledges the SEC's role in the process. She previously predicted a $1 million Bitcoin price in the next 5-7 years.

Portfolio Pulse from Khyathi Dalal

January 10, 2024 | 8:39 pm

HODL

Cboe has announced the new listing of VanEck Bitcoin Trust, which will trade under the ticker symbol 'HODL' with CUSIP 92189K105. The first date of trading is scheduled for Thursday, January 11, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 7:37 pm

AMGN

Amgen (NYSE:AMGN) has seen an 11.84% increase in short interest since its last report, with 9.06 million shares sold short, representing 1.7% of available shares. It would take about 3.11 days to cover all short positions based on current trading volume. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a price drop. Amgen's short interest is below its peer group average of 5.78%.

Portfolio Pulse from Benzinga Insights

January 10, 2024 | 7:30 pm

AMRN

Amarin Corp PLC (NASDAQ:AMRN) shares surged approximately 28% following the release of their preliminary Q4 FY23 results, which exceeded consensus estimates. The company expects Q4 revenue between $72 million and $74 million, against a consensus of $62.03 million, and FY23 revenue between $304 million and $306 million, compared to $294.16 million consensus. Amarin ended 2023 with about $321 million in cash and investments and a positive cash flow of around $10 million. The company also announced a share buyback program with Cantor Fitzgerald & Co. to repurchase up to $50 million in shares, expected to be completed by the end of Q2 2024. Amarin's President & CEO highlighted the company's strong cash position, debt-free status, and progress in various business areas.

Portfolio Pulse from Lekha Gupta

January 10, 2024 | 7:24 pm

ARKB

Cboe has announced the new issue notification for the ARK 21Shares Bitcoin ETF, which will begin trading on Thursday, January 11, 2024. The ETF will trade under the ticker symbol 'ARKB' and has been assigned CUSIP 040919102.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 7:17 pm

UDR

UDR, Inc. (NYSE:UDR), a real estate investment trust, has been analyzed by 7 analysts in the last quarter, showing a range of opinions. The average 12-month price target is $35.86, with a high of $45.00 and a low of $30.00, reflecting a 13.3% decrease in the average target. Analysts' actions include both upgrades and downgrades, with the majority maintaining a neutral stance. UDR's financial performance shows a solid revenue growth rate of 4.81% but below-average net margin, ROE, and ROA, indicating potential profitability and efficiency challenges. The company's debt-to-equity ratio of 1.45 suggests a balanced approach to debt management.

Portfolio Pulse from Benzinga Insights

January 10, 2024 | 7:01 pm

FRT

Federal Realty Investment (NYSE:FRT) has been analyzed by five analysts, with mixed sentiments ranging from indifferent to somewhat bullish. The average 12-month price target for FRT is $105.8, reflecting a 1.34% increase from the previous target. Analysts from Mizuho, Piper Sandler, Evercore ISI Group, and Wells Fargo have adjusted their ratings and price targets, indicating a dynamic perspective on the company's performance. Federal Realty Investment Trust owns a significant portfolio of retail spaces and multifamily units in major metropolitan markets, with a market capitalization above industry averages, a revenue growth rate of 4.81%, a high net margin of 19.2%, but a lower ROE of 2.02% compared to industry benchmarks.

Portfolio Pulse from Benzinga Insights

January 10, 2024 | 7:01 pm

BLK

Analysts have diverse opinions on BlackRock (NYSE:BLK) with 7 recent ratings ranging from bullish to indifferent. The 12-month price targets show an average of $804.0, a high of $897.00, and a low of $708.00, indicating an 8.09% increase from the previous average. BlackRock, the world's largest asset manager with $9.101 trillion AUM, has a diverse product mix and global client base. Financially, it has a high market cap, positive revenue growth, strong net margin, but lags in ROE and ROA compared to industry averages, and has a conservative debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 10, 2024 | 7:00 pm

QCOM

Qualcomm Inc. (NASDAQ:QCOM) stock is currently at $139.81, with a slight drop of 0.06% in the current session. Over the past month, the stock has increased by 0.17%, and over the past year, it has risen by 14.35%. The company's P/E ratio of 21.46 is lower than the industry average of 111.72, which could suggest that the stock is undervalued or that shareholders expect less future growth. Investors are advised to consider the P/E ratio alongside other financial metrics and qualitative analysis.

Portfolio Pulse from Benzinga Insights

January 10, 2024 | 6:45 pm

IWM

Goldman Sachs' equity research team forecasts a 15% return for the Russell 2000 small-cap index in 2024, outperforming the S&P 500's expected 9% total return. The iShares Russell 2000 ETF (IWM) is anticipated to see a 9% return in six months. Factors include low valuations, economic growth, investor behavior, and historical election year performance. Risks include weaker economic growth and rising interest rates, with small-caps being sensitive due to sector weights in Biotech, Banks, and Real Estate.

Portfolio Pulse from Piero Cingari

January 10, 2024 | 6:32 pm