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AAPL

AMZN

BBY

COST

MASI

WMT

A U.S. appeals court has temporarily halted the import ban on certain Apple Inc smartwatches amid a patent dispute with Masimo Corporation. The ban, which was due to Apple's alleged theft of pulse oximetry technology, affects Apple Watches with blood-oxygen level reading technology. Apple has paused sales of its Series 9 and Ultra 2 smartwatches in the U.S., but they are still available through retailers like Amazon, Best Buy, Costco, and Walmart. The Apple Watch SE is not affected by the ban. Legal battles continue, with a mistrial in California and a separate lawsuit filed by Apple in Delaware. Apple's stock saw a slight decline of 0.18% to $192.70.

Portfolio Pulse from Vandana Singh

December 27, 2023 | 5:37 pm

GMBL

GMBLP

VLCN

VNCE

In Wednesday's intraday session, several consumer discretionary stocks experienced significant movements. Esports Entertainment's preferred shares (GMBLP) surged 52.2% to $3.06, while Vince Holding (VNCE) rose 30.7% to $2.98. Dogness (DOGZ) increased by 25% to $5.0, and Mynd.ai (MYND) went up by 17.17% to $5.52. Jiuzi Holdings (JZXN) and Fitell (FTEL) also saw gains. Conversely, Volcon (VLCN) dropped 19.9% to $0.11, Golden Heaven Group Holdings (GDHG) fell 16.96% to $0.77, and Esports Entertainment's common shares (GMBL) declined 14.33% to $4.21. GreenTree Hospitality Group (GHG), SRM Entertainment (SRM), and Polished.com (POL) also experienced losses.

Portfolio Pulse from Benzinga Insights

December 27, 2023 | 5:31 pm

BACK

CING

CYTK

FWBI

IOVA

Health care stocks experienced significant movement in Wednesday's intraday session. Cytokinetics (CYTK) led the gainers with a 73.6% increase, while IMAC Holdings (BACK) led the losers with a 25% decrease. Other notable movers included Cingulate (CING), First Wave BioPharma (FWBI), Palatin Techs (PTN), Coherus BioSciences (CHRS), and Bone Biologics (BBLG) on the gainers' side, and Bluejay Diagnostics (BJDX), Iovance Biotherapeutics (IOVA), Atreca (BCEL), SCWorx (WORX), and Novo Integrated Sciences (NVOS) among the losers.

Portfolio Pulse from Benzinga Insights

December 27, 2023 | 5:31 pm

AMPX

BLNK

ELWS

HYLN

NCL

SCWO

During Wednesday's intraday session, several industrial stocks experienced significant movements. Earlyworks Co (ELWS) saw a 30.7% increase, while Amprius Technologies (AMPX) rose by 22.82%. 374Water (SCWO) and Wheels Up Experience (UP) also saw upward movements of 21.73% and 20.95%, respectively. Conversely, Northann (NCL), Hyliion Holdings (HYLN), and Blink Charging (BLNK) were among the losers, with declines of 14.2%, 14.17%, and 11.53%, respectively.

Portfolio Pulse from Benzinga Insights

December 27, 2023 | 5:31 pm

ARBB

BTCS

BTDR

COMSP

EBIX

GREE

MFH

MLGO

OBLG

SAI

SVRE

UUU

In Wednesday's intraday session, several IT stocks experienced significant movements. Greenidge Generation Holdings (GREE) led the gainers with a 28.1% increase, while MicroAlgo (MLGO) saw the largest decline among the losers, dropping 27.7%. Other notable gainers include Saverone 2014 (SVRE), SAI.TECH Global (SAI), Bitdeer Technologies (BTDR), BTCS (BTCS), and Mercurity Fintech Holding (MFH). On the losing side, ComSovereign Holding (COMSP), Ebix (EBIX), Universal Security (UUU), ARB IOT Group (ARBB), and Oblong (OBLG) also saw their share prices fall.

Portfolio Pulse from Benzinga Insights

December 27, 2023 | 5:31 pm

AAPL

CRWD

META

MSFT

NVDA

Gene Munster of Deepwater Asset Management predicts a significant bull market in tech stocks driven by AI, similar to the 1990s dot-com era. He sees Nvidia, Microsoft, and Meta as key beneficiaries, with smaller players like CrowdStrike and Nubank also having potential due to their innovative AI approaches. Munster is bullish on Meta's AI-driven growth and anticipates Apple to make strides in AI. However, he cautions against the potential for a 'bubble-like' environment in AI and emphasizes the need for nimble strategies.

Portfolio Pulse from Piero Cingari

December 27, 2023 | 5:29 pm

NXU

Nxu, Inc. (NASDAQ:NXU) has finalized a strategic investment in Lynx Motors through a share exchange, with $3M in Nxu shares swapped for $3M in Lynx shares. This partnership aims to accelerate highway electrification and helps Nxu comply with Nasdaq's listing standards. Nxu gains a seat on Lynx's Board and has provided a $250,000 interest-free bridge loan to Lynx.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 5:28 pm

BJDX

CHRS

CYTK

FWBI

HALL

IOVA

U.S. stocks traded higher, with the Dow Jones gaining around 80 points. Consumer discretionary shares led gains, while information technology shares fell. The Richmond Fed Manufacturing Index dropped to -11, the lowest in ten months. First Wave BioPharma, Cytokinetics, and Coherus BioSciences saw significant stock increases due to positive developments. Hallmark Financial Services announced its intention to delist from Nasdaq, Bluejay Diagnostics initiated a clinical study, and Iovance Biotherapeutics faced an FDA clinical hold, all leading to stock declines. Gold rose 1%, and oil prices fell slightly.

Portfolio Pulse from Avi Kapoor

December 27, 2023 | 5:27 pm

MSTR

MicroStrategy's stock is trading higher following the company's announcement of purchasing Bitcoin worth approximately $616 million.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 5:26 pm

FANH

PUYI

Puyi Inc. shares have seen an uptick following the announcement that shareholders of Fanhua Inc. have entered into share exchange agreements with Puyi.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 5:26 pm