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AFRM

AVGO

NET

Jim Cramer, the CNBC host, has advised investors to take profits in stocks that have seen significant gains during the current bull market. He emphasized the importance of securing gains by selling a portion of shares in companies that have experienced a recent surge in stock prices. Cramer used Broadcom (NASDAQ:AVGO) and Affirm (NASDAQ:AFRM) as examples, noting AVGO's 20% increase and AFRM's 15% rise on Tuesday and over 400% for the year. He also mentioned Cloudflare, Inc. (NYSE:NET), advising investors to wait for a pullback after its 87% year-to-date surge.

Portfolio Pulse from Benzinga Neuro

December 20, 2023 | 7:36 am

JAQC

Jupiter Acquisition has mutually agreed to terminate its merger with Filament Health Corp. The special stockholders meeting set for December 28, 2023, is canceled. Jupiter will redeem all outstanding Class A common stock from its IPO effective December 26, 2023, as it cannot complete a business combination within the timeframe specified in its Charter.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 7:29 am

BLUE

bluebird bio has announced a public offering of 83,333,333 common shares at a price of $1.50 per share, aiming to raise gross proceeds of $125 million. The funds will be raised before accounting for underwriting discounts, commissions, and offering expenses. All shares are being sold by bluebird bio, with no mention of underwriters' options to purchase additional shares.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 7:13 am

BTCUSD

ETHUSD

Celestia's native token TIA has surged 685% in less than two months, outperforming Bitcoin and Ethereum's yearly gains, amid news of integration with Polygon. Bitcoin and Ethereum have seen YTD increases of 158% and 84%, respectively. The announcement of the integration led to a price increase for TIA, and its Social Dominance score and social interactions have also risen significantly. Cryptocurrency analyst Pentoshi commented on the price-driven perception of cryptocurrencies, suggesting that the cycle of changing narratives is likely to repeat.

Portfolio Pulse from Mehab Qureshi

December 20, 2023 | 7:03 am

EGGF

EG Acquisition Corp. stockholders approved the merger with LGM Enterprises, LLC (flyExclusive), with 97% of voting shares in favor. The transfer of EG's stock listing from the NYSE to NYSE American is delayed due to ongoing NYSE American review. The transfer was initially planned for around December 20, 2023, contingent on meeting closing conditions and NYSE American listing requirements.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 6:54 am

EU

enCore Energy Corp. is transferring its stock exchange listing from the NYSE American LLC to the Nasdaq Capital Market. The company will retain its ticker symbol 'EU' and expects to commence trading on NASDAQ on January 2, 2024. enCore's shares will also continue to trade on the TSX Venture Stock Exchange under the same ticker.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 6:50 am

WGO

Winnebago Industries, Inc. (NYSE:WGO) is expected to report Q1 fiscal 2024 earnings of $1.17 per share, down from $2.07 per share a year ago, with revenue estimated at $723.82 million versus $857.38 million. The board approved a dividend of 31 cents per share. Shares rose 2.4% to $74.83. Analysts have revised price targets: BMO Capital to $80, Roth MKM to $58, Citigroup to $73, Truist Securities to $74, and Northcoast Research downgraded the stock to Neutral.

Portfolio Pulse from Avi Kapoor

December 20, 2023 | 6:49 am

SMAP

Infrared Cameras Inc. has completed a business combination with Sportsmap Tech Acquisition and is applying for a Nasdaq listing under the ticker symbol 'MSAI'.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 6:48 am

AAPL

MASI

Masimo Corp. CEO Joe Kiani is open to settling the patent infringement dispute with Apple Inc. over the Apple Watch Ultra 2 and Series 9, but Apple has not initiated settlement talks. The ITC ruled that Apple Watch violated two Masimo patents, leading to a potential import ban on these models effective Dec. 25, though third-party resellers can continue sales. Apple plans to appeal the ruling and is preparing for the ban by removing affected devices from its stores starting Christmas Eve. The White House is monitoring the situation, and Apple's suspension of smartwatch sales could cost up to $400 million.

Portfolio Pulse from Ananya Gairola

December 20, 2023 | 6:34 am

AAPL

MASI

Masimo Corp. CEO Joe Kiani is open to settling the patent infringement dispute with Apple Inc. over the Apple Watch Ultra 2 and Series 9, but Apple has not initiated settlement talks. The ITC ruled that Apple Watch violated two Masimo patents, leading to a potential import ban on these models effective Dec. 25, though third-party resellers are exempt. Apple plans to appeal the ruling and is preparing for the ban by removing affected devices from its stores starting Christmas Eve. The White House is monitoring the situation, and Apple's suspension of smartwatch sales could cost up to $400 million.

Portfolio Pulse from Ananya Gairola

December 20, 2023 | 6:33 am