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Stock Prices

Zillow Group (NYSE:Z) has seen a 15.84% decrease in short interest since the last report, with 15.68 million shares sold short, representing 10.31% of available shares. The average time to cover these short positions is 3.77 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Zillow has a higher short interest than its peer group average of 6.85%. Short interest is a key indicator of market sentiment and changes in short interest can have implications for stock performance.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 8:45 pm

GTBIF

MRMD

VRNO

Pablo Zuanic's Q4 2023 cannabis sector report highlights state-specific market trends, with Connecticut, Ohio, Illinois, Maryland, and Rhode Island showing growth. Companies like MariMed, Verano, and Green Thumb Industries benefit from diversified state exposure. The report discusses MSO performance variations, regulatory developments, and potential political shifts that could impact the market. Key players in various states are analyzed, with the DEA's response to cannabis rescheduling being a significant upcoming event.

Portfolio Pulse from Nicolás Jose Rodriguez

January 23, 2024 | 8:38 pm

AAPL

AMZN

GOOG

RIVN

TSLA

Apple Inc (AAPL) has scaled down its ambitions for the Apple Car, now aiming for a 2028 launch with features similar to Tesla Inc's (TSLA) current EV capabilities. The project, known as Titan, has faced multiple delays and reduced expectations. Apple's revenue growth has slowed, prompting the company to explore new categories, including the upcoming Apple Vision Pro headset. The EV industry overall is facing challenges, with some OEMs slowing down electrification efforts. Meanwhile, competitors like Amazon.com Inc (AMZN) and Alphabet Inc's (GOOG) Waymo are advancing their EV and autonomous driving initiatives.

Portfolio Pulse from Adam Eckert

January 23, 2024 | 8:37 pm

AVGO

Over the past 10 years, Broadcom (NASDAQ:AVGO) has produced an average annual return of 36.42%, outperforming the market by 25.95% on an annualized basis. A $100 investment in AVGO a decade ago would now be worth $2,244.06. Broadcom's market capitalization currently stands at $572.02 billion.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 8:37 pm

PLUG

Plug Power Inc. experienced a significant surge in stock price, the largest since January 2021, after announcing it is nearing the finalization of a $1.6 billion loan from the US Department of Energy. The company is also implementing cost-cutting measures and has recently made its Georgia electolyzer production plant operational, with another plant in Tennessee set to open shortly.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 8:32 pm

BABA

MCHI

SPY

Alibaba Group Holding (NYSE:BABA) shares surged over 7% after co-founders Jack Ma and Joe Tsai bought shares worth hundreds of millions. Blue Pool Capital acquired around two million Alibaba ADRs worth $152 million, while Ma bought $50 million in Hong Kong. The purchases occurred before China announced market support measures. The iShares MSCI China ETF (NYSE:MCHI) rallied over 3% after the news, despite a previous downtrend. The SPDR S&P 500 ETF (NYSE:SPY) was up 19% in 2023, contrasting with MCHI's decline. Alibaba's future hinges on China's market confidence and regulatory dynamics with the U.S.

Portfolio Pulse from Neil Dennis

January 23, 2024 | 8:32 pm

ENSC

Ensysce Biosciences' stock is trading higher following the announcement that the FDA has granted Breakthrough Therapy Designation to its drug PF614-MPAR.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 8:30 pm

NVEI

Nuvei Corporation's stock is trading higher following the announcement of its partnership with Adobe, which will allow Adobe customers to access Nuvei's payment technology.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 8:30 pm

SPGI

S&P Global (NYSE:SPGI) has announced a 1.1% increase in its regular quarterly cash dividend, raising it from $0.90 to $0.91 per share. This marks the company's continued tradition of paying dividends annually since 1937 and increasing them for at least 51 consecutive years. The new dividend will be payable on March 12, 2024, to shareholders of record as of February 27, 2024, resulting in an annualized dividend rate of $3.64 per share.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 8:28 pm

ALK

SPR

FAA Administrator Mike Whitaker has indicated that the investigation into the Alaska Airlines blowout is centered on Boeing's quality control processes. While the design of the 737 Max 9's door plug is considered adequate when properly implemented, the focus is now on Boeing's quality assurance and control measures.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 8:09 pm