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SGRY

Surgery Partners, Inc. shares have declined following the announcement of a proposed secondary offering of common stock. This offering could potentially dilute the value of existing shares.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 1:38 pm

BEAM

B of A Securities analyst Greg Harrison downgraded Beam Therapeutics (NASDAQ:BEAM) from Buy to Neutral and set a price target of $35.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 1:37 pm

INTC

MSFT

NVDA

Microsoft Corp (NASDAQ:MSFT) is advancing in AI chipmaking with its new Maia 100 chip, which utilizes liquid cooling, a more efficient method than traditional air cooling. This shift is driven by the need to manage the heat from power-intensive AI chips, like Nvidia Corp's (NASDAQ:NVDA) H100 AI accelerator. Microsoft plans to install Maia chips and cooling hardware in data centers from 2024, with Azure expanding liquid cooling operations. Intel Corp (NASDAQ:INTC) is also exploring liquid cooling and has updated policies to support customer-created liquid cooling systems. The move towards liquid cooling is crucial for data center evolution, especially for AI demands. Equinix plans to use warm water outflow for heating at the 2024 Paris Olympics. MSFT shares saw a slight increase in premarket trading.

Portfolio Pulse from Anusuya Lahiri

December 15, 2023 | 1:37 pm

AAPL

DELL

GOOG

GOOGL

HPE

HPQ

Apple Inc (NASDAQ:AAPL) stock hit a new 52-week high at $199.62 on Dec. 14, closing at $198.11. The stock has risen 58.40% this year, with technical indicators like the Golden Cross suggesting a short-term bullish trend. However, the RSI is nearing overbought territory, signaling potential near-term correction. Apple's App Store revenue, a significant part of its earnings, faces risks due to antitrust rulings and investigations, as highlighted by Epic Games' recent win against Google. Apple's P/E ratio is higher than the sector median and its peers, including Dell Technologies Inc (NYSE:DELL), HP Inc (NYSE:HPQ), and Hewlett Packard Enterprise Co (NYSE:HPE).

Portfolio Pulse from Surbhi Jain

December 15, 2023 | 1:35 pm

FSLR

First Solar, Inc. (FSLR) shares have risen following an initiation of coverage by Jefferies with a Buy rating and a price target of $211.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 1:34 pm

WNW

Meiwu Technology Company Limited (NASDAQ: WNW) announced a 1-for-35 reverse share split effective December 20, 2023. Post-split, shares are expected to trade at 35 times the pre-split price, but the company cannot guarantee that the post-split price will reflect the reverse split ratio or remain above the pre-split price. The reverse split will reduce the outstanding shares from approximately 100.67 million to about 2.88 million without changing the number of authorized shares. Stock options and restricted shares will be adjusted accordingly, and fractional shares will be rounded up. New certificates will be issued by TranShare.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 1:32 pm

APD

Air Products & Chemicals (NYSE:APD) has seen a 6.58% increase in short interest since its last report, with 1.80 million shares sold short, representing 0.81% of available shares. The short interest is lower than the peer group average of 2.87%. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop.

Portfolio Pulse from Benzinga Insights

December 15, 2023 | 1:30 pm

KEYS

Keysight Technologies (NYSE:KEYS) has seen a 13.71% decrease in short interest since its last report, with 2.29 million shares sold short, representing 1.7% of its float. The average time to cover these short positions is 1.31 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Compared to its peers, KEYS has a lower short interest as a percentage of float, with the peer group average at 6.36%.

Portfolio Pulse from Benzinga Insights

December 15, 2023 | 1:30 pm

APTV

Aptiv (NYSE:APTV) has seen a 19.71% increase in short interest since its last report, with 4.13 million shares sold short, representing 1.64% of available shares. The short interest is below the peer group average of 7.82%. While high short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop.

Portfolio Pulse from Benzinga Insights

December 15, 2023 | 1:30 pm

GFS

B of A Securities analyst Vivek Arya has downgraded GLOBALFOUNDRIES (NASDAQ:GFS) from Buy to Neutral and reduced the price target from $70 to $65.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 1:25 pm