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AAPL

AMD

AMZN

BABA

INTC

MARA

NIO

NVDA

QQQ

TSLA

Swaggy Stocks has listed the top 10 trending stocks on WallStreetBets as of December 27, 2023. The stocks include MARA, INTC, AAPL, NIO, TSLA, QQQ, NVDA, AMZN, BABA, and AMD.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 2:18 pm

BITF

MARA

RIOT

Shares of Bitcoin miners Marathon Digital Holdings Inc (MARA), Riot Platforms Inc (RIOT), and Bitfarms Ltd (BITF) are trading higher as Bitcoin's price increases. The rise in Bitcoin and related stocks is attributed to optimism about a potential spot Bitcoin ETF and expectations of Federal Reserve rate cuts in 2024. Bitcoin crossed $40,000 in early December and has been fluctuating within a range for most of the month. Analysts expect the SEC to approve a spot ETF in early 2024, which is driving positive sentiment in the crypto market.

Portfolio Pulse from Adam Eckert

December 27, 2023 | 2:16 pm

PPSI

Pioneer Power Solutions, Inc. (NASDAQ:PPSI) has announced receiving orders exceeding $10 million for its e-Bloc and related products, with deliveries and installations starting in Q2 of 2024. These orders come from various sectors, including an EV charging infrastructure developer, a solar microgrid developer for a major U.S. airport, a large titanium smelter, and a major natural gas distribution provider. The company anticipates these orders to boost revenue for 2024 and 2025, addressing the robust demand in the distributed power generation market.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 2:16 pm

BABA

NTES

PDD

TCEHY

Chinese regulators have proposed revisions to stringent video game rules, leading to a brief recovery in shares of gaming companies like Tencent Holdings and NetEase, Inc. The National Press and Publication Administration of China approved 105 new game licenses for December, which saw Tencent and NetEase shares increase by 5% and 10%, respectively. Despite this, concerns remain over the regulatory impact on the market. Smaller gaming companies saw lesser gains, and various firms have started share buyback plans with limited market impact. Alibaba Group Holding Limited has faced an 18% loss year-to-date amid leadership and organizational restructuring, while PDD Holdings Inc continues to grow its market share.

Portfolio Pulse from Anusuya Lahiri

December 27, 2023 | 2:15 pm

META

MSTR

NVDA

MicroStrategy (NASDAQ:MSTR) has purchased an additional 14,620 BTC for $615.7 million, bringing its total Bitcoin holdings to 189,150 BTC valued at $5.9 billion. The company's CFO Andrew Kang reaffirmed their commitment to Bitcoin, citing its potential for increased institutional adoption and its role in strengthening their balance sheet. MicroStrategy's stock has seen significant gains, outperforming tech peers like Nvidia and Meta. Bitcoin's price has also seen a substantial increase over the past month and year-to-date.

Portfolio Pulse from Khyathi Dalal

December 27, 2023 | 2:14 pm

NIO

NIO Inc (NYSE:NIO) shares dropped after a surge earlier in the week due to the launch of its new ET9 sedan and entry into the luxury EV segment. The ET9 is available for pre-order in China with deliveries expected in Q1 2025. Nio also introduced new power swap stations and a liquid-cooled charger. Additionally, Nio completed a $2.2 billion investment from CYVN Investments, giving CYVN a 20.1% stake in Nio. Analysts have a consensus price target of $28.13 for Nio stock, with 12 positive and 5 neutral ratings.

Portfolio Pulse from Adam Eckert

December 27, 2023 | 2:14 pm

TRVN

Trevena Inc. (NASDAQ:TRVN), a biopharmaceutical company, announced a private placement of 2,779,906 shares and warrants at $0.70/share, expecting to raise $1.946 million. Additionally, Trevena will exercise existing warrants for 2,934,380 shares at the same price, aiming to raise $2.054 million. The new warrants will be exercisable upon stockholder approval and expire in five years. H.C. Wainwright & Co. is the exclusive placement agent for these offerings.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 2:12 pm

WMB

Williams Companies Inc (NYSE:WMB) has agreed to purchase a portfolio of natural gas storage assets from an affiliate of Hartree Partners LP for $1.95 billion, approximately 10x the estimated 2024 EBITDA multiple. The acquisition includes six storage facilities in Louisiana and Mississippi with a total capacity of 115 Bcf, 230 miles of pipeline, and 30 interconnects. The deal is expected to close in January 2024 and is seen as a strategic move to meet growing demand for natural gas, especially as renewable energy adoption increases. WMB's stock showed a slight premarket decline.

Portfolio Pulse from Lekha Gupta

December 27, 2023 | 2:11 pm

LYFT

Wedbush analyst Daniel Ives has maintained a Neutral rating on Lyft (NASDAQ:LYFT) and increased the price target from $12 to $14.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 2:10 pm

IROHU

Iron Horse Acquisitions Corp. (NASDAQ:IROHU) has priced its initial public offering (IPO) at $10 per unit, aiming to raise $61 million through the sale of 6.1 million units. Each unit includes one share of common stock, one warrant, and one right to receive one-fifth of a share upon a business combination. The units will trade on NASDAQ under the symbol 'IROHU' starting December 27, 2023, with separate trading of the common stock, warrants, and rights under the symbols 'IROH', 'IROHW', and 'IROHR'. EF Hutton LLC is the sole book-running manager, and Brookline Capital Markets is the co-manager. The underwriters have an option to purchase up to an additional 900,000 units to cover over-allotments. The offering is expected to close on December 28, 2023.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 2:09 pm