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TWLO

On CNBC, Joe Terranova revealed that he has purchased shares of Twilio (TWLO).

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 5:12 pm

TLT

The iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) has entered a bull market with a 20% rally from its October lows, driven by falling yields on 30-year bonds and a dovish Federal Reserve stance. The Fed's potential 75 basis point rate cut in 2024 and the current technical indicators suggest a favorable outlook for TLT, although the overbought RSI signals caution.

Portfolio Pulse from Piero Cingari

December 20, 2023 | 5:11 pm

POL

Shares of Polished (POL) surged by 250% without any company-specific news to justify the significant price movement.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 5:11 pm

V

Visa Inc. (NYSE:V) has experienced a significant breakout from a long consolidation phase between $174 and $252, which lasted from July 2021. The stock found support at the daily 20 SMA around $255 after a minor pullback from $263. Surpassing the previous high of $263 could indicate a new growth phase and a bullish trend continuation. The stock closed at $259.99 on December 19, up by 0.63%.

Portfolio Pulse from Zaheer Anwari

December 20, 2023 | 5:09 pm

BX

Piper Sandler analyst Crispin Love has initiated coverage on Blackstone (NYSE:BX) with an Overweight rating and set a price target of $150 for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 5:07 pm

MS

Joe Terranova, a well-known investor, announced live on CNBC that he has purchased shares of Morgan Stanley.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 5:06 pm

MU

Micron Technology, Inc. (NASDAQ:MU) is expected to report a wider loss of 97 cents per share for Q1, compared to a 4 cents loss per share in the previous year. Revenue is projected at $4.64 billion, but Micron has raised its forecast to $4.7 billion due to better supply-demand balance and pricing. Shares rose 0.8% to $82.17. Analysts have updated their ratings and price targets, with most maintaining positive outlooks and raising their price targets.

Portfolio Pulse from Avi Kapoor

December 20, 2023 | 5:01 pm

AGRI

BLUE

CCO

KULR

POL

PRZO

U.S. stocks saw modest gains with the Dow Jones up 0.06%, NASDAQ up 0.23%, and S&P 500 up 0.05%. The U.S. current account deficit narrowed by 7.6% to $200.3 billion in Q3. In stock movements, Polished.com Inc. (POL) surged 65% after a shareholder called for collaborative action, ParaZero Technologies Ltd. (PRZO) jumped 77% following the completion of a safety solution for a major automotive manufacturer's drone program, and Clear Channel Outdoor Holdings, Inc. (CCO) gained 10% after appointing a new CFO and reaffirming FY23 guidance. Conversely, bluebird bio, Inc. (BLUE) plummeted 44% due to a public stock offering, KULR Technology Group, Inc. (KULR) fell 28% after pricing a public stock offering, and AgriFORCE Growing Systems Ltd. (AGRI) dropped 27% following a filing for a stock offering by selling stockholders. Oil prices increased by 1%, while gold saw a slight decline.

Portfolio Pulse from Avi Kapoor

December 20, 2023 | 5:01 pm

RRR

Over the past three months, 6 analysts have provided diverse opinions on Red Rock Resorts (NASDAQ:RRR), with recent ratings showing 4 somewhat bullish and 2 indifferent stances. The average 12-month price target is $50.5, with a high of $55.00 and a low of $46.00, marking a 1.62% decrease in the average target. Analysts from Truist Securities, Morgan Stanley, JP Morgan, and Wells Fargo have adjusted their ratings and price targets, reflecting changes in market dynamics and company performance. Red Rock Resorts, a gaming and management company, faces revenue challenges with a -0.68% decline over 3 months but has strong profitability indicators such as an 8.63% net margin and a 31.81% ROE. However, its high debt-to-equity ratio of 26.86 raises financial leverage concerns.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 5:00 pm

AVDL

Needham has reaffirmed its Buy rating on Avadel Pharmaceuticals (NASDAQ:AVDL) and increased its price target from $19.00 to $20.00. Despite this, AVDL's shares have fallen 1.34% in the last 24 hours to $14.01. The new price target suggests a potential upside of 42.76%. Avadel is a specialty pharmaceutical company focusing on controlled-release products and markets several products in the U.S.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 5:00 pm