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SMFL

Smart for Life, Inc. (NASDAQ:SMFL) shares surged on heavy trading volume, with over 77 million shares traded, far exceeding the 100-day average of less than 685 thousand shares. The spike follows the company's announcement of executive team additions and ongoing negotiations for two acquisitions expected to generate approximately $25 million in revenue. The CEO also mentioned a material restructuring program, including capital markets strategies and the disposition of non-performing assets to improve stockholder's equity for Nasdaq compliance.

Portfolio Pulse from Erica Kollmann

December 21, 2023 | 7:29 pm

AMZN

Wedbush analyst Scott Devitt has a positive outlook on Amazon.com, Inc. (NASDAQ:AMZN), with an Outperform rating and a raised price target from $180 to $210. Amazon's stock has risen 78% YTD as of Dec. 21, 2023. Devitt expects Amazon to generate $46.5 billion in advertising revenue in 2023 and sees potential for growth in digital advertising. He identifies four key pillars supporting Amazon's advertising opportunities: retail media tailwinds, growth in CTV and video ad formats, off-platform ad sales, and adoption by non-endemic advertisers. Wedbush also forecasts $100B+ in AWS revenue by 2024, $100B+ in free cash flow by 2026, and $100B in advertising revenue by 2028.

Portfolio Pulse from Surbhi Jain

December 21, 2023 | 6:09 pm

SKT

On CNBC, Tanger President and CEO Stephen J. Yalof spoke about current shopping trends and the company's recent acquisitions. He highlighted how these factors are influencing Tanger's business strategy and growth.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 4:50 pm

AAPL

China is promoting the use of domestic devices over foreign ones, including Apple iPhones. Despite this, Apple Inc's stock (AAPL) remains strong, trading just 2.40% below its all-time high and having increased by 49% over the past year. The stock faces a psychological resistance at the $200 level, which it has struggled to maintain. The next critical support is at the daily 20 simple moving average of $293. After market close on December 20, AAPL closed at $194.83, down 1.05%.

Portfolio Pulse from Zaheer Anwari

December 21, 2023 | 4:47 pm

NSANY

TSLA

Julie and Chris Ramsey, known as 'Plug in Adventures,' completed a 17,000-mile journey from the North Pole to the South Pole in a modified Nissan Ariya electric SUV. This marks the first time a vehicle has made this trek, showcasing the potential of electric vehicles in extreme conditions. The Nissan Ariya, which competes with Tesla's Model Y, could gain marketing traction from this achievement. Tesla Inc. continues to lead the EV market with its Model Y becoming the top-selling vehicle worldwide and the start of Cybertruck deliveries.

Portfolio Pulse from Chris Katje

December 21, 2023 | 4:16 pm

VICI

WSR

Benzinga is hosting a Real Estate Virtual Conference, which is currently live. Interested parties can tune in via a provided YouTube link. VICI Properties Inc. (VICI) and Whitestone REIT (WSR) may be mentioned during the conference.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 4:01 pm

BTCUSD

Matrixport predicts Bitcoin (BTC) could soar above $50,000 by January 2024 if the U.S. SEC approves spot Bitcoin ETFs. The prediction is based on historical price surges related to significant Bitcoin events, such as the CME Group's launch of Bitcoin futures in 2017. Matrixport also notes a potential breakout before the end of the year, citing historical December trends and a marketing blitz by ETF applicants. The firm expresses cautious optimism, expecting a price increase if the ETFs are approved.

Portfolio Pulse from Murtuza Merchant

December 21, 2023 | 3:52 pm

WINA

Winmark Corporation, through its Music Go Round retail chain, has entered into a partnership with Roland Corporation and BOSS to become the official resale partner for both brands. This partnership emphasizes the commitment of all parties to sustainability in the U.S.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 3:04 pm

MSFT

Jordan Peterson criticized Elon Musk's AI chatbot Grok for being 'woke', similar to OpenAI's ChatGPT. Peterson's comments were based on his experience using both AI tools for research. Musk responded by blaming the internet for Grok's wokeness and assured that Grok, which is in beta, will improve. Peterson expressed trust in Musk's approach, contrasting it with Microsoft-backed OpenAI. Musk has been a critic of 'woke' culture and promotes free speech.

Portfolio Pulse from Rounak Jain

December 21, 2023 | 2:40 pm

TLRY

Tilray Brands, Inc. (NASDAQ:TLRY) has expanded its cannabis portfolio with new edible products from its Chowie Wowie brand, including Soft Caramel and Crunchy Praline chocolates, available across Canada. Additionally, its wellness brand Solei released new cannabis-infused tea blends. The article also mentions past gains from other cannabis stocks and promotes Benzinga PotProfits for cannabis investment insights.

Portfolio Pulse from Jelena Martinovic

December 21, 2023 | 2:25 pm