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ALL

LW

OMGA

Lamb Weston Holdings, Inc. (LW) reported better-than-expected quarterly earnings and sales, leading to a 4.7% rise in its stock price. Other stocks also moved higher, including Omega Therapeutics (OMGA) after a collaboration with Novo Nordisk, and Allstate Corporation (ALL) following an analyst upgrade. Various companies announced public offerings, collaborations, and financial forecasts, contributing to their stock movements.

Portfolio Pulse from Avi Kapoor

January 04, 2024 | 3:12 pm

APA

CPE

APA (NASDAQ:APA) has announced the acquisition of Callon Petroleum (NYSE:CPE) for $4.50 billion in stock, expected to close in Q2 of 2024. APA is a Houston-based independent exploration and production company, while Callon Petroleum operates in oil and natural gas exploration and production in the Permian Basin. The acquisition allows APA to consolidate ownership and potentially lead to a merger.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 3:10 pm

CMG

GOOG

GOOGL

HLT

QSR

SPY

Bill Ackman's Pershing Square Capital Management outperformed the S&P 500 in 2023 with a 26.7% return, surpassing the S&P 500's 24.2% gain. The hedge fund's rebound is attributed to strong performances from holdings like Chipotle Mexican Grill and Alphabet Inc, which saw increases of 63% and 55% respectively. Other contributors included Restaurant Brands International and Hilton Worldwide Holdings, with gains of nearly 25% and approximately 45%. The future performance of Pershing Square remains uncertain, with investor optimism hinging on potential FED rate cuts and inflation trends.

Portfolio Pulse from Surbhi Jain

January 04, 2024 | 3:09 pm

SIMO

JP Morgan analyst Gokul Hariharan has upgraded Silicon Motion Technology (SIMO) from Neutral to Overweight and increased the price target from $54 to $77.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 3:07 pm

NKLA

Nikola Corporation (NASDAQ:NKLA) shares are up after announcing the production of 42 and the wholesale of 35 Class 8 hydrogen fuel cell electric vehicles in 2023. The company highlighted the trucks' long range of up to 500 miles, quick fueling time, and high uptime of 98% in customer pilot programs. Nikola's CEO Steve Girsky emphasized the goal of delivering goods in North America with a reliable and cleaner solution. NKLA's stock rose by 10.7% to $0.8201.

Portfolio Pulse from Nabaparna Bhattacharya

January 04, 2024 | 3:07 pm

ACON

Shares of Aclarion, Inc. were halted due to a circuit breaker after the stock price dropped by 11.2%. This sudden decline in share price triggered the market's automatic stop mechanism to prevent further immediate losses.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 3:06 pm

TRXUSD

TRON (CRYPTO: TRX) has seen a 3.22% increase in price over the last 24 hours, reaching $0.11. Over the past week, the price has risen over 2.0%, from $0.10. The coin's all-time high is $0.23. TRON's trading volume has increased by 10.0% over the past week, and the circulating supply has grown by 0.57%, bringing it to 88.30 billion. TRX's market cap is currently ranked #13 at $9.51 billion.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 3:04 pm

INJUSD

Injective (CRYPTO: INJ) has seen a significant price increase of 15.55% in the last 24 hours, reaching $38.15. Over the past week, INJ has gained 7.0%, though its trading volume has decreased by 3.0% and its circulating supply has dropped by 1.46%. The current market cap ranking for INJ is #31, with a valuation of $3.17 billion. The volatility of INJ is depicted through Bollinger Bands in the provided chart.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 3:04 pm

STETHUSD

Lido Staked Ether (STETH) has seen a 3.14% increase in price over the last 24 hours, reaching $2,265.10, despite a 4.0% decline over the past week. The coin's all-time high is $4,829.57. Trading volume has decreased by 43.0%, while the circulating supply has risen by 0.62% to 9.24 million, which is the total max supply. STETH's market cap is currently ranked #8 at $20.84 billion.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 3:02 pm

GTLS

Raymond James analyst Pavel Molchanov has upgraded Chart Industries (NYSE:GTLS) from Outperform to Strong Buy and set a price target of $190. This upgrade reflects a positive outlook on the company's stock performance.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 3:02 pm