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BITQ

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F

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Bitcoin SV surged 51%, outperforming Bitcoin and Ethereum. Microstrategy's increased Bitcoin holdings prompted Canaccord Genuity to raise its price target. Ark Invest bought ProShares Bitcoin ETF shares and sold Coinbase, Block, and Palantir shares. In other markets, Bit Digital and Cipher Mining stocks moved higher. US politics and economy saw developments, including corporate default warnings from Fitch and a recession forecast by Peter Schiff. Tech giants like Google, Apple, and Microsoft made headlines with AI and security updates. In the EV sector, Tesla and Xiaomi made news, while Ford recalled F-Series cars. Credit Suisse was fined by Singapore, and New Fortress Energy secured a significant contract in Brazil.

Portfolio Pulse from Akanksha Bakshi

December 28, 2023 | 2:10 pm

ALGT

Allegiant Travel Company (NASDAQ:ALGT) reported an increase in scheduled service passenger traffic for November 2023 by 9.2% year-over-year, from 1,193,686 to 1,303,894 passengers. Revenue passenger miles rose by 7.7%, and available seat miles increased by 10.5%. However, the load factor decreased by 2.2 points. Total system passenger traffic also grew by 9.2%. The company's estimated average fuel cost per gallon for the system in November 2023 was $3.24.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 2:03 pm

MULN

Mullen Automotive, Inc. has delivered 50 Class 1 EV cargo vans to Randy Marion Automotive Group, invoicing them for $1,680,000. The company plans to deliver a total of 285 vans within the next five business days, contributing to over $6 million invoiced for such vehicles in the fiscal first quarter. These deliveries are part of a larger 6,000 vehicle order worth $200 million, with the majority to be delivered by the end of 2024. The Mullen ONE van is designed for last-mile delivery and is expected to be the first EV cargo van in the U.S. Class 1 commercial vehicle segment.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 2:00 pm

ASNS

Actelis Networks has received an order worth approximately $300,000 from a major North American rail operator for a management software license and services. The deal includes a three-year license and support for Actelis' MetaASSIST Element Management System version 4.0, granting the customer access to the software.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 1:37 pm

EADSY

ESYJY

Airbus SE (EADSY) has delivered its first A321neo from its new A320 Family Final Assembly Line in Toulouse to Pegasus Airlines. The new facility is part of Airbus' efforts to modernize and increase production to meet the high demand for the A321neo, which represents a significant portion of its order backlog. Pegasus Airlines, which operates a fleet of 93 Airbus aircraft, has 68 more A321neos on order. Additionally, easyJet Plc (ESYJY) confirmed an order for 157 A320neo Family aircraft, with options for 100 more, and plans to convert 35 A320neo on order to A321neo. EADSY shares closed up 0.49% at $38.69.

Portfolio Pulse from Nabaparna Bhattacharya

December 28, 2023 | 1:12 pm

ALIT

Analysts have provided 4 ratings for Alight (NYSE:ALIT) over the last three months, with a mix of bullish and somewhat bullish opinions. The average 12-month price target is $11.75, with a recent decrease of 2.08%. Daniel Ives of Wedbush and Kyle Peterson of Needham maintain positive outlooks, while Kevin Mcveigh of UBS has a lower target. Alight's financial performance shows strong revenue growth but below-average profitability and returns. The company has a lower debt-to-equity ratio compared to the industry, indicating less reliance on debt.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 1:01 pm

NSA

National Storage (NYSE:NSA) has received mixed reviews from 4 analysts in the past three months, with 1 indifferent and 3 somewhat bearish ratings. The average 12-month price target is $35.0, reflecting a 5.26% increase from the previous target of $33.25. Analysts from Truist Securities, Wells Fargo, and Evercore ISI Group have adjusted their price targets, with two raising and one lowering their targets. National Storage, a real estate investment trust, has shown a positive revenue trend but lags in net margin, ROE, and ROA compared to industry averages.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 1:00 pm

WT

WisdomTree (NYSE:WT) received mixed analyst ratings in the latest quarter, with 4 analysts offering a range of perspectives. The average 12-month price target is $8.81, with a high of $10.00 and a low of $7.25, reflecting a slight decrease of 0.23% in sentiment. Analysts from Northcoast Research, Oppenheimer, and Morgan Stanley have provided updates, with actions including announcing, raising, and lowering ratings and price targets. WisdomTree is known for its ETFs and ETPs, and is developing digital products and a blockchain-native digital wallet. Despite impressive revenue growth of 24.87%, the company's market capitalization, net margin, ROE, and ROA are below industry averages, though it has a sound debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 1:00 pm

LTHM

Analysts have provided mixed reviews on Livent (NYSE:LTHM) with a shift towards a more bearish stance in the last three months. The average 12-month price target has decreased by 17.77% to $21.38. Livent, a lithium producer, is set to merge with Allkem by end of 2023, which may benefit from rising lithium demand due to EV adoption. Despite a negative revenue trend, Livent has a high net margin and ROE, and a low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 1:00 pm

CIEN

Seven analysts have recently reviewed Ciena (NYSE:CIEN), with six giving bullish and one somewhat bullish ratings. The average 12-month price target is $62.57, down from $63.00, with a high estimate of $68.00 and a low of $60.00. Ciena's financials show strong revenue growth and net margin, but below-average ROE. The company's market cap is below industry averages, and it has a low debt-to-equity ratio. Analysts' ratings and price targets reflect their views on Ciena's market position and performance.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 1:00 pm