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SRFM

Surf Air Mobility's stock price has increased following the announcement of a binding term sheet for a potential mandatory convertible debenture issuance to GEM.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 8:46 pm

Benzinga's options scanner detected unusual options activity for Energy Transfer (NYSE:ET), with a bullish sentiment from high-rolling investors. Out of 10 options trades, 70% were bullish, with 9 calls totaling $589,543 and 1 put for $43,000. The trades suggest a target price range of $10.0 to $17.0 over the next three months. Energy Transfer's current stock price is $13.74, with a neutral RSI and earnings expected in 48 days.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 8:46 pm

General Electric (NYSE:GE) has seen a surge in options activity with 12 unusual trades. Analysis shows 41% bullish and 58% bearish sentiment among traders. Notable options trades include bearish and bullish calls with strike prices ranging from $60 to $135. GE's current stock price is $128.0, down by -0.16%, with an RSI suggesting it may be approaching overbought. Earnings release is expected in 26 days. Market experts have issued target prices ranging from $136 to $150, with ratings varying from Neutral to Overweight.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 8:31 pm

RDFN

An options sweep for Redfin (RDFN) was observed, with 2000 contracts of $10.5 calls near the ask price at $0.25, compared to an open interest of 1218. This activity comes ahead of Redfin's earnings report, which is estimated to be released after the market close on February 15. The stock reference price at the time was $10.515.

Portfolio Pulse from Charles Gross

December 28, 2023 | 8:25 pm

Agilent Technologies (NYSE: A) has seen a decrease in short interest, with the short percent of float dropping 11.06% since the last report. The company has 5.23 million shares sold short, representing 2.01% of available shares, with a cover time of 2.49 days. This decline in short interest may indicate a more bullish sentiment among investors compared to the peer group average short interest of 5.95%.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 8:00 pm

RBLX

Roblox Corporation (NYSE:RBLX) has experienced a 13.87% increase in short interest since its last report, with 22.09 million shares sold short, representing 5.5% of its float. The average time to cover these short positions is 2.26 days. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price decline. Roblox has a higher short interest compared to its peer group average of 3.66%.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 7:45 pm

Eni Inc. (NYSE:E) stock price dropped by 0.47% to $34.03 in the current market session, but has seen an increase of 2.28% over the past month and 18.27% over the past year. The company's P/E ratio of 9.92 is higher than the industry average of 9.22, which could suggest that investors expect better future performance or that the stock is overvalued.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 7:30 pm

DIA

GDX

IWM

PENN

QQQ

SPY

TAN

TLT

USO

XLE

XLU

The S&P 500 and Dow Jones Industrial Average edged up by 0.1%, while the Nasdaq 100 mirrored this performance with a significant yearly gain. The iShares Russell 2000 ETF (IWM) is down 0.3%, and the iShares 20+ Year Treasury Bond ETF (TLT) declined by 0.6%. Gold remains stable, crude oil tracked by the United States Oil Fund (USO) fell by 1%, and Bitcoin dropped 2.3% after Cathie Wood sold her Grayscale Bitcoin Trust shares. The SPDR S&P 500 ETF Trust (SPY), SPDR Dow Jones Industrial Average ETF (DIA), and Invesco QQQ Trust (QQQ) are steady. Utilities sector ETF (XLU) is up, while the Energy sector ETF (XLE) is down. The Invesco Solar ETF (TAN) gains, and the VanEck Gold Miners ETF (GDX) falls. AMD leads gains in large-cap tech, while crypto-related stocks show mixed reactions. Penn Entertainment (PENN) rallies after a hedge fund seeks board nomination authority.

Portfolio Pulse from Piero Cingari

December 28, 2023 | 7:17 pm

AAOI

AMZN

BCHG

BFTIX

BITF

BTBT

CVNA

FBCG

GOOGL

INTC

META

MSFT

NVDA

SLNO

SPY

TSLA

In 2023, Nvidia and Meta Platforms were the top performers on the S&P 500, with gains of nearly 240% and 200% respectively. They are part of the 'Magnificent Seven' (Mag7) stocks, which also include Tesla, Intel, Amazon, Alphabet, and Microsoft. These stocks were responsible for a third of the S&P 500's and SPDR S&P 500 ETF's 25% gain. Small-cap stocks like Soleno Therapeutics, Carvana, and Applied Optoelectronics saw gains over 1000%. Cryptocurrency-related stocks like Bit Digital and Bitfarms also surged. The Grayscale Bitcoin Cash Trust outperformed with a 1178% gain, while growth stock ETFs like the Baron Fifth Avenue Growth Fund and Fidelity Blue Chip Growth ETF saw nearly 60% gains.

Portfolio Pulse from Neil Dennis

December 28, 2023 | 7:09 pm

NKE

Analysts have provided mixed ratings for Nike (NYSE:NKE) with 17 analysts offering their perspectives in the past three months. The average 12-month price target for Nike is $122.06, with a high estimate of $140.00 and a low estimate of $104.00. This average is slightly up from the previous target of $120.92. Analysts' actions include raising, lowering, and maintaining their ratings and price targets. Nike's financial performance shows a solid revenue growth rate of 3.47%, a net margin of 11.79%, an ROE of 11.22%, an ROA of 4.27%, and a healthy debt-to-equity ratio of 0.86.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 7:00 pm