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CUEN

Shares of Cuentas Inc. were halted due to a circuit breaker after plummeting 34.4%. Circuit breakers are designed to prevent stocks from crashing by temporarily halting trading after a sharp price decline.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 8:20 pm

TGT

Target Corporation's (NYSE:TGT) short interest has increased by 11.84% since the last report, with 7.83 million shares sold short, representing 1.7% of available shares. It would take 1.58 days to cover these short positions. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Target has less short interest compared to its peer group average of 4.14%.

Portfolio Pulse from Benzinga Insights

December 19, 2023 | 8:15 pm

MUFG

Mitsubishi UFJ Financial Group's (NYSE:MUFG) short interest has increased by 20% since the last report, with 7.32 million shares sold short, representing 0.06% of available shares. It would take about 2.11 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. MUFG's short interest is below its peer group average of 0.84%.

Portfolio Pulse from Benzinga Insights

December 19, 2023 | 8:15 pm

VEEV

Veeva Systems Inc. (NYSE:VEEV) has seen a decrease in short interest, with the short percent of float dropping 6.37% since the last report. The company has 2.36 million shares sold short, representing 1.47% of available shares for trading. The average time to cover these short positions is 2.2 days. A decrease in short interest can indicate a more bullish sentiment from investors. Veeva has a lower short interest compared to its peer group average of 5.63%.

Portfolio Pulse from Benzinga Insights

December 19, 2023 | 8:15 pm

C

Citigroup's stock is trading higher after Goldman Sachs maintained a Neutral rating but increased the price target from $47 to $52.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 8:07 pm

IWM

Craig Johnson, a market technician at Piper Sandler, predicts small-cap stocks will continue to outperform larger caps through 2024. The Russell 2000 index, tracked by the iShares Russell 2000 ETF (IWM), has seen a significant rise following the Federal Reserve meeting, with expectations of interest rate cuts in 2024. Johnson anticipates the Russell 2000 to break through resistance levels and push higher. However, potential risks include the 2023 U.S. presidential election and geopolitical tensions. Larger cap stocks are expected to enter a high-level trading range for much of 2024.

Portfolio Pulse from Neil Dennis

December 19, 2023 | 8:05 pm

ADBE

Adobe (NASDAQ:ADBE) has significantly outperformed the market with an average annual return of 26.06% over the past 10 years. An initial investment of $1000 in ADBE stock would now be worth $10,140.24. Adobe's market capitalization currently stands at $274.56 billion. The article highlights the impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

December 19, 2023 | 8:00 pm

CDW

Over the past 5 years, CDW (NASDAQ:CDW) has outperformed the market with an average annual return of 24.3%, resulting in a market capitalization of $29.97 billion. A $100 investment in CDW stock 5 years ago would be worth $289.09 today. The article highlights the impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

December 19, 2023 | 8:00 pm

DIS

DKNG

San Francisco 49ers quarterback Brock Purdy has become a favorite to win the NFL MVP Award, with his odds at DraftKings Inc (NASDAQ:DKNG) currently at -200. A bettor who placed a $2,000 wager on Purdy before the season could win $200,000 if Purdy wins the MVP. The bettor rejected a $90,000 offer for the bet slip on PropSwap. The 49ers' success and Purdy's performance have led to their position as favorites to win Super Bowl LVIII. The upcoming game against the Ravens, broadcast on ABC and ESPN+ (units of The Walt Disney Company (NYSE:DIS)), could impact Purdy's MVP odds and the bettor's potential profit.

Portfolio Pulse from Chris Katje

December 19, 2023 | 7:47 pm

EQNR

RBC Capital Markets analyst Biraj Borkhataria downgraded Equinor ASA (NYSE:EQNR) to Sector Perform from Outperform and reduced the price target to NOK390 from NOK350. The downgrade is due to expectations of faster balance sheet re-leveraging and more modest distributions in 2024, amid a subdued macro outlook and a lower commodity price forecast. The analyst revised the oil price deck down to $82.5/bbl for Brent in 2024 and anticipates negative earnings revisions for Equinor. Shareholder distributions are expected to decrease, with a projected $13.3 billion in 2024, including a smaller special dividend and a reduced share buyback program. EBIT estimates for FY24 and FY25 are both around 10% below consensus. Equinor's shares dropped by 0.49% to $31.56.

Portfolio Pulse from Lekha Gupta

December 19, 2023 | 7:32 pm