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CELH

PEP

Celsius has expanded its international market presence by entering Canada, the United Kingdom, and Ireland to grow its global sales and distribution. PepsiCo is the exclusive distributor for Celsius in Canada, building on the existing US distribution agreement from 2022. Sales in Canada commenced this month.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 11:03 am

AAPL

FXI

XIACF

The China Academy of Information and Communications Technology reported that smartphone shipments within China were nearly flat year-over-year at 26.84 million units in December. However, for the full year of 2023, shipments were up 4.8% at 276 million units.

Portfolio Pulse from Charles Gross

January 22, 2024 | 9:53 am

BRO

IRBT

STT

UAL

ZION

The S&P 500 reached an all-time high as investor sentiment improved, with the CNN Money Fear and Greed index indicating 'Greed'. iRobot Corporation's stock plummeted following reports of the EU planning to block its acquisition by Amazon. State Street Corporation's shares rose after reporting strong Q4 earnings. U.S. existing-home sales dropped to their lowest since Aug. 2010, while consumer sentiment reached its highest since July 2021. The Dow Jones and Nasdaq also closed higher. Upcoming earnings include United Airlines, Brown & Brown, and Zions Bancorporation.

Portfolio Pulse from Avi Kapoor

January 22, 2024 | 8:34 am

XLRE

Cantor Fitzgerald CEO Howard Lutnick predicts a grim future for the U.S. real estate market, with up to $1 trillion in commercial real estate loan defaults expected within the next two years. Despite potential slight rate decreases, Lutnick believes real estate equity and REITs will face significant challenges, with many defaults and a 'generational change' in real estate. Approximately $2.77 trillion of commercial real estate debt is due to mature between 2023 and 2027, with refinancing difficulties anticipated due to high interest rates and declining property values. Morgan Stanley and Fitch reports support the view of a challenging environment for commercial real estate.

Portfolio Pulse from Shanthi Rexaline

January 21, 2024 | 10:15 pm

INTC

JPM

This week's top economic news includes Jeffrey Gundlach's warning about the S&P 500's potential underperformance, Ray Dalio's prediction for 2024, China's Premier Li Qiang attracting foreign investment at Davos, rising US consumer sentiment, and Paul Krugman challenging economic pessimism. Li Qiang met with leaders from JPMorgan Chase and Intel Corporation to discuss investment opportunities in China.

Portfolio Pulse from Benzinga Neuro

January 21, 2024 | 1:08 pm

HTZ

PSNY

VLVLY

VOLVF

Polestar CEO Thomas Ingenlath is optimistic about the company's EV sales in 2024 despite a tough end to 2023. Polestar, co-owned by Volvo, is launching a new SUV coupe and starting production of the Polestar 3. In 2023, Polestar delivered 54,600 cars, missing its 60,000 target. Hertz plans to sell 20,000 EVs due to costs and demand issues, but Ingenlath believes Hertz will continue buying from Polestar.

Portfolio Pulse from Anan Ashraf

January 20, 2024 | 4:01 am

DOGEUSD

QQQ

SPY

XRPUSD

The S&P 500, tracked by SPDR S&P 500 ETF Trust (SPY), hit record highs, with tech and AI stocks driving gains. Consumer data showed strong retail sales and high confidence. At Davos, AI's potential and need for regulation were discussed, impacting views on cryptocurrencies like Dogecoin (DOGE) and Ripple (XRP). Meta Platforms is heavily investing in AI for the metaverse. Fed rate cut expectations have been adjusted with mixed views from financial leaders.

Portfolio Pulse from Piero Cingari

January 19, 2024 | 9:42 pm

ENPH

FSLR

RAYS

RUN

SEDG

SPWR

TAN

TSLA

The Pentagon is set to install rooftop solar panels as part of a new clean energy plan by the Biden administration, which could save $1.36 million annually and make the Pentagon more resilient. This move may boost interest in solar stocks, which have seen declines over the past year. The Department of Energy's AFFECT program will grant $104 million for clean energy projects across 31 federal facilities, including the Pentagon. Although no companies are named yet for the Pentagon project, solar stocks and ETFs like First Solar, SunPower, SolarEdge, Sunrun, Enphase Energy, Invesco Solar ETF, and Global X Solar ETF could benefit. Tesla, known for EVs and solar solutions, may also gain from increased government interest in solar energy.

Portfolio Pulse from Chris Katje

January 19, 2024 | 9:30 pm

HIFS

Hingham Institution for Savings (NASDAQ:HIFS) reported a significant decline in Q4 earnings and sales year-over-year. Earnings per share dropped by 80.77% from $4.42 to $0.85, and sales decreased by 55.26% from $20.95M to $9.38M.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 9:03 pm

FVRR

Goldman Sachs analyst Eric Sheridan upgraded Fiverr International Ltd (NYSE:FVRR) from Neutral to Buy with a $43 price target, citing revenue re-acceleration in 2024, macro stabilization, spend per buyer growth, international progress, and adoption of Promoted Listing & Seller Plus. Sheridan also noted improvements in profitability, marketing efficiency, and AI-driven product innovation. He projected Q4 revenue and EPS above consensus at $94.8 million and $(0.06) respectively. FVRR shares rose 5.36% to $26.03.

Portfolio Pulse from Anusuya Lahiri

January 19, 2024 | 8:41 pm