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PLTR

Palantir Technologies Inc. (NYSE:PLTR) shares are up in premarket trading following the announcement of their partnership with the University of Colorado Anschutz Medical Campus to create the Center for Linkage and Acquisition of Data (CLAD). This initiative is part of the NIH's 'All of Us' Research Program aimed at advancing precision medicine. Palantir's software will be the digital backbone for CLAD, ensuring data protection and privacy. The contract includes an initial 18-month period with potential annual renewals for up to four years. Additionally, Palantir has seen increased demand for its products in Israel amid the conflict with Hamas.

Portfolio Pulse from Nabaparna Bhattacharya

January 11, 2024 | 1:27 pm

MRCY

Goldman Sachs analyst Noah Poponak has maintained a Sell rating on Mercury Systems (NASDAQ:MRCY) and reduced the price target from $37 to $24.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 1:27 pm

BTCUSD

The SEC has approved the listing and trading of spot Bitcoin ETFs, revealing a divide within the commission. Commissioner Hester Peirce hailed the decision as a victory for investor choice, while Commissioner Caroline Crenshaw expressed concerns about fraud and manipulation in the spot market, as well as potential national security risks. The decision underscores the ongoing debate about Bitcoin's role in the financial system.

Portfolio Pulse from Murtuza Merchant

January 11, 2024 | 1:26 pm

IMAX

Goldman Sachs analyst Mike Burton has reiterated a Sell rating on Imax (NYSE:IMAX) and reduced the price target from $15 to $13.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 1:20 pm

ABTS

Abits Group Inc (ABTS), a US-based bitcoin mining company, has regained compliance with NASDAQ's minimum bid price requirement, closing the matter with NASDAQ.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 1:19 pm

NVO

Novo Nordisk Inc. (NYSE:NVO) stock has risen by 11.06% over the past month and 59.68% over the past year. Currently trading at $108.78, its P/E ratio of 44.34 is higher than the Pharmaceuticals industry average of 39.9, which may suggest optimism about future performance or potential overvaluation.

Portfolio Pulse from Benzinga Insights

January 11, 2024 | 1:15 pm

CNSL

Consolidated Communications Holdings, Inc. (CNSL) has filed an investor presentation with the SEC, advocating for shareholder approval of its acquisition by Searchlight Capital Partners and British Columbia Investment Management Corporation. The all-cash offer represents a 70% premium over the unaffected share price and is higher than precedent transactions. CNSL warns of significant risks if the transaction is not approved, including liquidity constraints impacting its fiber transformation plans. No other bidders have emerged, suggesting this is the best available deal. Shareholders are urged to vote 'FOR' the transaction before the January 31, 2024 deadline.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 1:14 pm

FR

Goldman Sachs analyst Caitlin Burrows has maintained a Sell rating on First Industrial Realty (NYSE:FR) but increased the price target from $41 to $47.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 1:13 pm

C

Citigroup Inc (NYSE:C) has disclosed several reserves and charges that will affect its Q4 2023 earnings. The bank recorded $1.3 billion in reserves for risks in Argentina and Russia, a $880 million revenue translation loss in Argentina due to currency devaluation, $780 million in restructuring charges, and a $1.7 billion charge related to the FDIC fund special assessment. Citigroup's Q4 earnings will be reported on January 12, 2024, and its shares are trading lower by 1.11% at $52.43 in premarket.

Portfolio Pulse from Lekha Gupta

January 11, 2024 | 1:13 pm

EXR

Goldman Sachs analyst Caitlin Burrows has reaffirmed a Buy rating on Extra Space Storage (NYSE:EXR) and increased the price target from $168 to $187.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 1:12 pm