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BLBX

CCCC

HYW

PCSA

RSLS

STTK

U.S. stocks were mixed in Wednesday's trading session with the Dow slightly down, NASDAQ up, and S&P 500 also gaining, following the release of unchanged Producer Price Index (PPI) data for November. Information technology shares rose by 0.5%, while materials shares fell by 0.8%. C4 Therapeutics, Shattuck Labs, and ReShape Lifesciences experienced significant stock price increases due to positive company developments, whereas Hywin Holdings, Blackboxstocks, and Processa Pharmaceuticals saw their shares fall. Oil and gold prices were up, while silver and copper saw declines.

Portfolio Pulse from Avi Kapoor

December 13, 2023 | 2:40 pm

AMPS

ENIC

OPAL

PAM

Benzinga Insights identifies 5 value stocks in the utilities sector based on low P/E ratios: Altus Power (AMPS), Hawaiian Electric Indus (HE), Enel Chile (ENIC), Pampa Energia (PAM), and OPAL Fuels (OPAL). The article provides recent earnings per share (EPS) data and dividend yield changes for these companies, indicating their potential undervaluation.

Portfolio Pulse from Benzinga Insights

December 13, 2023 | 2:39 pm

BLBX

Blackboxstocks Inc (NASDAQ:BLBX) shares dropped 39% to $2.35 after announcing the acquisition of Evtec Aluminium Limited, a supplier to the EV and luxury automotive markets. Despite Evtec's strong projected revenue for 2024 and expansion plans, the market reacted negatively to the news. David Roberts will lead the combined entity, with a focus on manufacturing excellence in the EV sector and growth through acquisitions and U.S. market expansion.

Portfolio Pulse from Henry Khederian

December 13, 2023 | 2:39 pm

CGC

Canopy Growth Corporation (NASDAQ:CGC) announced a share consolidation of 1 new share for every 10 old shares to comply with NASDAQ's listing requirements. This follows a non-compliance notice received for a sub-$1 share price. The consolidation is pending TSX approval and is expected to be effective on Dec. 15, with trading on TSX and NASDAQ starting Dec. 20. The company's stock dropped 10.2321% to $0.615 in pre-market trading.

Portfolio Pulse from Jelena Martinovic

December 13, 2023 | 2:39 pm

AAPL

Verizon Communications Inc. is offering a free iPhone SE 3 (64GB) from Apple Inc. as a holiday deal. Customers can upgrade to higher storage options for a small monthly fee, with total savings up to $579. The iPhone SE 3 features a 4.7-inch Retina display, A15 Bionic chipset, 4GB RAM, up to 256GB storage, and runs on iOS 17.2. It has a 12MP rear camera, 7MP front camera, and supports 5G and wireless charging.

Portfolio Pulse from Rounak Jain

December 13, 2023 | 2:36 pm

ABBV

Over the past 10 years, AbbVie (NYSE:ABBV) has produced an average annual return of 11.05%, outperforming the market by 1.0% annually. A $100 investment in ABBV a decade ago would be worth $286.49 today, with the company currently valued at a market cap of $269.95 billion. The article highlights the impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

December 13, 2023 | 2:31 pm

BONKUSD

BTCUSD

ETHUSD

FTTUSD

Ahead of the Federal Reserve's decision, Bitcoin (BTC) and Ethereum (ETH) experienced declines, with BTC trading below $42,000 and ETH below $2,200. FTX Token (FTT) emerged as the top gainer, while Bonk (BONK) was the biggest loser. The global crypto market cap dropped to $1.55 trillion, a 1.8% decrease over 24 hours. U.S. producer prices remained steady in November, defying market expectations of a rise.

Portfolio Pulse from Avi Kapoor

December 13, 2023 | 2:30 pm

SFM

Goldman Sachs analyst Kate McShane has maintained a Buy rating on Sprouts Farmers Market (NASDAQ:SFM) and increased the price target from $37 to $49.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 2:28 pm

BRPHF

BTCUSD

ETHUSD

Mike Novogratz, CEO of Galaxy Digital, has revised his opinion on Ripple, acknowledging its growth and the dedication of the 'XRP army.' He remains skeptical about Bitcoin's use as a common currency for everyday transactions, citing its lack of widespread adoption for purchases. Novogratz also commented on U.S. fiscal policies and their potential long-term consequences. He expressed doubts about the success of an Ethereum ETF, suggesting that its performance may depend on the inclusion of staking rewards.

Portfolio Pulse from Murtuza Merchant

December 13, 2023 | 2:27 pm

CGC

Canopy Growth Corp (NASDAQ:CGC) shares fell after announcing a 1 for 10 share consolidation to regain compliance with Nasdaq listing requirements. The consolidation, approved by shareholders, will be effective on Dec. 15, with post-consolidation shares trading from Dec. 20. CFO Judy Hong believes this will improve marketability and compliance with Nasdaq's bid requirement.

Portfolio Pulse from Adam Eckert

December 13, 2023 | 2:24 pm