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VTLE

Vital Energy, Inc. (NYSE:VTLE) has announced the acquisition of additional working interests in producing assets in the Permian Basin for a total of $55 million. These assets were acquired from Henry Energy LP, Moriah Henry Partners LLC, and Henry Resources LLC.

Portfolio Pulse from Charles Gross

December 21, 2023 | 10:09 pm

GLTO

Galecto, Inc. shares surged following the announcement of positive topline results from their Phase 2a trial of GB2064, aimed at treating myelofibrosis.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 9:59 pm

CETX

Cemtrex (NASDAQ:CETX) reported Q4 earnings with an EPS of $-1.78, beating estimates by 50.42% against an expected $-3.59. Revenue increased by $3.66 million from the same period last year. Despite beating estimates this quarter, the company's share price dropped by 9.09% the day after missing EPS last quarter by $0.91.

Portfolio Pulse from Benzinga Insights

December 21, 2023 | 9:50 pm

NKE

Nike, Inc. (NYSE:NKE) reported Q2 earnings of $1.03 per share, beating estimates of 85 cents, but revenue fell short at $13.39 billion against expectations of $13.43 billion. Despite a gross margin increase to 44.6%, shares dropped 5.57% after-hours due to the revenue miss and news of cash and equivalents and short-term investments decreasing by $0.7 billion from last year. Nike plans to achieve up to $2 billion in cost savings over the next three years, with expected restructuring charges of $400 to $450 million.

Portfolio Pulse from Ryan Gustafson

December 21, 2023 | 9:50 pm

AMC

CVNA

GME

UPST

Carvana Co (CVNA) is among the top 20 shorted stocks but has seen a significant increase in share price, up over 1,000% YTD. Other heavily shorted 'meme stocks' like GameStop (GME) and AMC Entertainment (AMC) have also experienced rallies. Despite past growth and a subsequent price drop, Carvana's stock has surged recently, possibly due to investor optimism for lower interest rates in 2024. Upstart Holdings (UPST) has similarly rebounded, with its stock up nearly 80% in the last month.

Portfolio Pulse from Aaron Bry

December 21, 2023 | 9:49 pm

AMZN

COST

DKS

TJX

WMT

The 2023 holiday shopping season has seen Dick's Sporting Goods (DKS) and Costco (COST) on the 'nice list' with significant gains and positive analyst ratings, while Amazon (AMZN) also performed well with new 52-week highs. TJX Companies (TJX) and Walmart (WMT) are on the 'naughty list' due to disappointing guidance and stock performance, respectively. App Store data from SimilarWeb indicates strong mobile app performance for these retailers, with varying impacts on their stock prices.

Portfolio Pulse from Erica Kollmann

December 21, 2023 | 9:49 pm

NKE

Nike's stock is trading lower following the release of their mixed financial results for the second quarter.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 9:47 pm

BITF

BTBT

HIVE

MARA

RIOT

Marathon Digital (NASDAQ:MARA) has seen a significant rally of 622.8% in 2023, attributed to acquisitions of mining sites and optimism in the crypto industry. The company plans to add 390 megawatts to its current 584-megawatt capacity, with the transaction expected to close in Q1 of 2024. Other crypto miners like Riot Platforms, HIVE Digital Technologies, Bitfarms, and Bit Digital also reported substantial gains. Needham maintains a Hold rating on MARA but raised its 2024 revenue and EBITDA estimates. MARA's net income swung to $64.1 million in Q3, with revenues increasing sevenfold to $97.8 million, driven by a 467% increase in Bitcoin production and higher Bitcoin prices.

Portfolio Pulse from Khyathi Dalal

December 21, 2023 | 9:39 pm

CETX

Cemtrex (NASDAQ:CETX) reported Q4 sales of $16.90M, surpassing the analyst consensus estimate of $15.04M by 12.37%.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 9:39 pm

PBTS

Powerbridge Technologies Co., Ltd. (PBTS) has requested a hearing with the Nasdaq Hearings Panel after receiving a notice of expected delisting due to non-compliance with the minimum bid price requirement. PBTS previously regained compliance but has since fallen below the $1.00 bid price threshold again. The company is seeking an extension to meet the Nasdaq's continued listing standards.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 9:34 pm