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AMT

T

TMUS

VZ

Despite a challenging 2023 with a 10% stock decline, AT&T Inc (NYSE:T) is poised for a rebound in 2024, according to Bank of America and Citigroup analysts. They cite AT&T's strong fundamentals, attractive valuations, and positioning as the least-owned mega-cap stock in the S&P 500 as reasons for optimism. The telecom sector is expected to recover from concerns about post-pandemic competition, unfounded rumors of Amazon entering the market, and risks associated with lead cables. AT&T's consistent dividend history and Citi's positive outlook for telecom stocks, expecting a 21% total return, further support the bullish sentiment.

Portfolio Pulse from Surbhi Jain

December 29, 2023 | 4:22 pm

JAGX

Iliad Research & Trading, L.P. has reported a 9.6% passive stake in Jaguar Health, a pharmaceutical company.

Portfolio Pulse from Bill Haddad

December 29, 2023 | 4:21 pm

FBIO

Fortress Biotech's stock is trading lower following the announcement of an $11 million registered direct offering priced at-the-market under Nasdaq rules.

Portfolio Pulse from Benzinga Newsdesk

December 29, 2023 | 4:09 pm

CSCO

The analysis compares Cisco Systems (CSCO) with its competitors in the Communications Equipment industry, highlighting its financial metrics and market position. Cisco's P/E ratio is lower than the industry average, suggesting potential undervaluation. Its P/B ratio is also lower, while the P/S ratio is higher than the industry average. Cisco's ROE is below the industry average, but its EBITDA and gross profit are significantly above. The company's revenue growth outperforms the industry average, and it has a favorable debt-to-equity ratio compared to its top 4 peers.

Portfolio Pulse from Benzinga Insights

December 29, 2023 | 4:00 pm

CPRT

A financial analysis of Copart (NASDAQ:CPRT) compared to its competitors in the Commercial Services & Supplies industry reveals that Copart's P/E, P/B, and P/S ratios are higher than the industry average, suggesting a potential overvaluation. Despite this, Copart has a strong EBITDA and gross profit, but its ROE and revenue growth are lower than the industry average. The company's low debt-to-equity ratio indicates a solid financial position relative to its top 4 peers.

Portfolio Pulse from Benzinga Insights

December 29, 2023 | 4:00 pm

HIVE

Hive Digital Technologies Ltd (NASDAQ:HIVE) completed a bought-deal private placement of 5.75 million special warrants, raising CA$28.75 million. The funds will expand its Bitcoin mining operations and for general corporate purposes. The stock is up nearly 15% over the last five days but is currently trading lower by 6.84% at $4.79. The anticipation of a spot Bitcoin ETF and Bitcoin's rally may be influencing HIVE's recent gains.

Portfolio Pulse from Erica Kollmann

December 29, 2023 | 3:51 pm

COIN

GMM

HUT

LYFT

Global Mofy Metaverse Limited (GMM) shares plummeted by 37.2% after announcing a $10 million follow-on offering. Other stocks also experienced declines, including Canaan Inc., Bitdeer Technologies Group, TeraWulf Inc., Applied Optoelectronics, Inc., and several others. Notably, Hut 8 Corp. received court approval to proceed with mining operations amid Celsius Network's bankruptcy, and Coinbase Global's director sold over 100k shares. Lyft shares dropped after a Nomura downgrade and insider selling by the CAO.

Portfolio Pulse from Avi Kapoor

December 29, 2023 | 3:45 pm

GMM

Global Mofy Metaverse (GMM) shares have declined following the announcement of a $10 million follow-on offering, which typically dilutes existing shareholders' equity.

Portfolio Pulse from Benzinga Newsdesk

December 29, 2023 | 3:22 pm

GE

General Electric (NYSE:GE) has seen a 34.25% increase in short interest since its last report, with 10.55 million shares sold short, representing 0.98% of its float. The short interest is below the peer group average of 1.79%. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop.

Portfolio Pulse from Benzinga Insights

December 29, 2023 | 3:00 pm

BUD

Anheuser-Busch InBev's (NYSE:BUD) short interest has decreased by 23.08% since the last report, with 3.46 million shares sold short, representing 0.2% of available shares. The average time to cover these short positions is 2.38 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. BUD's short interest is below its peer group average of 4.80%.

Portfolio Pulse from Benzinga Insights

December 29, 2023 | 3:00 pm