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IWO

SPY

Analyst Ryan Detrick from Carson Group suggests that the strong performance of small-cap stocks, as indicated by the Russell 2000 Index's 12.05% gain in December, bodes well for the S&P 500's future performance. Historical data shows that when the Russell 2000 has a strong December, the S&P 500 tends to perform positively in the following six months to a year. Gene Munster of Deepwater Asset Management predicts that the iShares Russell 2000 Growth ETF (IWO) will outperform the SPDR S&P 500 ETF Trust (SPY) in 2024, especially if the Federal Reserve reverses rate hikes and the economy avoids a hard landing.

Portfolio Pulse from Shanthi Rexaline

January 01, 2024 | 4:55 pm

BTCUSD

Bitcoin has seen a significant surge in 2023, reaching $44,000 with a 150% increase in value. High-profile individuals and Bitcoin enthusiasts, forming the 'million dollar club,' predict Bitcoin could hit $1 million. Ark Invest CEO Cathie Wood sees potential for Bitcoin to reach this milestone by 2030. Robert Kiyosaki and Balaji Srinivasan also made similar predictions, with Srinivasan losing a bet on Bitcoin hitting $1 million by June 17. Samson Mow linked Bitcoin reaching $1 million to the approval of a spot BTC ETF. Michael Saylor of MicroStrategy and Matrixport expect significant increases in Bitcoin's value, while Gracy Chen of Bitget remains skeptical of the $1 million target but considers $100,000 feasible.

Portfolio Pulse from Mehab Qureshi

December 30, 2023 | 8:15 pm

SPY

VTI

Tom Lee of Fundstrat predicts a significant rise in the S&P 500, with a target of 5,200 by the end of 2024, despite anticipating a downturn of about 5% in February or March. He cites the market's overestimation of interest rate cuts, potential AI development disruptions, the need for market stabilization, and typical early-year election cycle downturns as factors for the early-year pullback. Fundstrat views any dips as buying opportunities, with substantial cash reserves expected to cushion the market. ETFs like SPDR S&P 500 ETF Trust (SPY) and Vanguard Total Stock Market ETF (VTI) could be impacted by these market dynamics.

Portfolio Pulse from Bibhu Pattnaik

December 30, 2023 | 8:12 pm

CADE

Analyst ratings for Cadence Bank (NYSE:CADE) show a mix of opinions, with recent updates indicating a positive trend in price targets. The average 12-month price target is now $27.75, up from $26.00. Citigroup, Morgan Stanley, Piper Sandler, and Stephens & Co. have made adjustments to their ratings and price targets. Cadence Bank's financial performance shows challenges in revenue growth, profitability, and debt management, with key metrics below industry averages.

Portfolio Pulse from Benzinga Insights

December 29, 2023 | 8:00 pm

TRU

Goldman Sachs analyst Toni Kaplan has maintained a Neutral rating on TransUnion (NYSE:TRU) and increased the price target from $63 to $72.

Portfolio Pulse from Benzinga Newsdesk

December 29, 2023 | 7:49 pm

CADE

Citigroup analyst Benjamin Gerlinger has maintained a Neutral rating on Cadence Bank (NYSE:CADE) and increased the price target from $27 to $32.

Portfolio Pulse from Benzinga Newsdesk

December 29, 2023 | 7:48 pm

TTE

TotalEnergies Inc. (NYSE:TTE) stock is currently trading at $67.60, having increased by 1.02% in the current session, 0.03% over the past month, and 9.68% over the past year. The company's P/E ratio of 8.52 is lower than the industry average of 9.2, which could suggest it is undervalued or expected to perform worse than its peers. Investors are advised to consider the P/E ratio alongside other financial metrics and qualitative analysis for investment decisions.

Portfolio Pulse from Benzinga Insights

December 29, 2023 | 6:30 pm

VEON

New Street Research analyst Chris Hoare has initiated coverage on VEON Ltd. (NASDAQ:VEON) with a Buy rating and set a price target of $35.

Portfolio Pulse from Benzinga Newsdesk

December 29, 2023 | 6:28 pm

HLIT

Harmonic (NASDAQ:HLIT) has been the subject of diverse analyst ratings over the past three months, with 7 analysts offering opinions ranging from bullish to bearish. The average 12-month price target for HLIT is $17.29, with a high of $19.00 and a low of $14.00, marking a 4.79% increase from the previous target of $16.50. Analysts from firms including Rosenblatt, Needham, Raymond James, and Barclays have maintained or adjusted their ratings and price targets, reflecting their latest views on the company's performance. Harmonic designs video infrastructure products and operates in two segments: Video and Broadband. Despite its smaller market capitalization and negative revenue trend of -18.32% as of September 30, 2023, the company has a lower debt-to-equity ratio than the industry average, indicating a healthier balance between debt and equity.

Portfolio Pulse from Benzinga Insights

December 29, 2023 | 6:00 pm

HLIT

Rosenblatt analyst Steve Frankel has reiterated a Buy rating on Harmonic (NASDAQ:HLIT) and maintained the $18 price target for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 29, 2023 | 5:36 pm