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EFX

Equifax (NYSE:EFX) has seen a 16.67% increase in short interest since its last report, with 3.66 million shares sold short, representing 3.36% of its float. The current short interest exceeds the peer group average of 2.91%. While high short interest can indicate bearish sentiment, it does not necessarily predict a near-term price decline. Traders would need approximately 4.37 days to cover their short positions based on average trading volume.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 4:45 pm

MSTR

MicroStrategy Incorporated (NASDAQ:MSTR) has purchased an additional 14,620 Bitcoins at an average price of $42,110 each, totaling $615.7 million. This acquisition increases the company's Bitcoin holdings to a value of $5.9 billion. CEO Michael Saylor believes MSTR stock will remain attractive even with a potential SEC-approved spot Bitcoin ETF, citing the company's ability to leverage low-interest loans to buy Bitcoin. MSTR shares hit a new 52-week high of $684 and have risen over 370% year-to-date. Currently, the stock is trading mostly flat at $664.50.

Portfolio Pulse from Erica Kollmann

December 28, 2023 | 4:45 pm

KTTA

Pasithea Therapeutics Corp (KTTA) announced a 1-for-20 reverse stock split effective January 2, 2024. The reverse split will reduce the number of authorized shares from 495 million to 100 million and will adjust all outstanding securities accordingly. Fractional shares will not be issued; instead, shareholders will receive a cash payment. The reverse split aims to maintain the company's stock price above the minimum required by Nasdaq and potentially improve marketability and liquidity.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 4:41 pm

LMFA

LM Funding America Inc (NASDAQ:LMFA) shares dropped approximately 12% following the announcement of an agreement to sell Symbiont's blockchain technology to Platonic Holdings Inc. for $2 million. The sale proceeds will be held in escrow until December 26, 2024. LMFA will acquire the assets of Symbiont.IO in its Chapter 11 bankruptcy case. The company plans to use the funds to expand its bitcoin mining operations and strengthen its balance sheet. LMFA reported a significant revenue increase in Q3, with over 1,720% growth year-over-year.

Portfolio Pulse from Lekha Gupta

December 28, 2023 | 4:40 pm

AMKBY

A. P. Moller Maersk A/S (OTC:AMKBY) signed an MoU with Yokohama and Mitsubishi Gas Chemical to develop green methanol bunkering infrastructure. Maersk's new methanol-powered vessels will be delivered from 2024. Additionally, Maersk will resume sending vessels through the Red Sea, under the protection of Operation Prosperity Guardian, instead of rerouting around southern Africa. This change is expected to improve global trade efficiency. AMKBY shares dropped 2.10% to $8.85.

Portfolio Pulse from Lekha Gupta

December 28, 2023 | 4:38 pm

AAPL

DIS

GOOG

GOOGL

META

MSFT

WMT

LinkedIn, owned by Microsoft Corp (NASDAQ:MSFT), has seen its annual advertising revenue increase to nearly $4 billion in 2023, a 10.1% rise from the previous year. Insider Intelligence predicts a further 14.1% growth in 2024. The platform's ad prices have risen by up to 30% due to high demand. LinkedIn's user targeting capabilities have attracted advertisers, especially as companies like Apple Inc (NASDAQ:AAPL), Walt Disney Co (NYSE:DIS), and Walmart Inc (NYSE:WMT) have reduced their presence on Elon Musk's platform 'X' following an anti-Semitic row involving Musk. Despite its growth, LinkedIn's U.S. digital advertising market share is still small at 1.5%, compared to Google's 27% and Meta Platforms Inc's 21%. LinkedIn is also exploring advertising on connected TV apps and a premium advertising slot similar to 'X's' Amplify.

Portfolio Pulse from Anusuya Lahiri

December 28, 2023 | 4:37 pm

ARKX

ITA

LMT

RTX

TDG

TXT

Investors interested in the rocket launch market can invest in existing stocks and ETFs as SpaceX's Starlink remains private. Boeing (BA) and Lockheed Martin (LMT) jointly own ULA, a potential takeover target by Blue Origin. Stocks like Textron (TXT) and ETFs like iShares U.S. Aerospace And Defense ETF (ITA) and ARK Space Exploration And Innovation ETF (ARKX) offer market exposure. RTX Corporation (RTX) and TransDigm (TDG) are also notable stocks in the sector.

Portfolio Pulse from Neil Dennis

December 28, 2023 | 4:37 pm

TSLA

Tesla Inc (NASDAQ:TSLA) is rumored to be planning an expansion into India, with potential announcements at the Vibrant Gujarat Global Summit in January 2024. The company may invest around $2 billion in initial operations, including a manufacturing facility in Sanand, India. This move could help Tesla access the rapidly growing Indian EV market and serve as an export hub. Tesla's stock performed well in 2023, with a 140% increase.

Portfolio Pulse from Chris Katje

December 28, 2023 | 4:33 pm

AMD

AMZN

BABA

BIDU

GOOG