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ARKK

DKNG

DraftKings, Inc. (NASDAQ:DKNG) stock is trading higher, with a nearly 10% increase over the past five days. Ark Invest, led by Cathie Wood, sold 229,215 shares of DraftKings through the ARK Innovation ETF (NYSE:ARKK), valued at approximately $8.04 million. DraftKings has launched its online sportsbook in Vermont, expanding its reach to 26 U.S. states and Ontario, Canada. BMO Capital analyst Brian Pitz initiated coverage on DraftKings with an Outperform rating and a price target of $43, citing the potential for the U.S. sports-betting market to exceed $100 billion.

Portfolio Pulse from Erica Kollmann

January 18, 2024 | 5:17 pm

NTRS

Northern Trust's stock price is trading lower following the announcement of disappointing financial results for the fourth quarter.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 5:14 pm

CCTG

Shares of CCSC Technology were halted due to a circuit breaker triggered by a rapid increase in the stock price. The halt is a temporary measure to allow the market to process the significant price movement and maintain orderly trading.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 5:11 pm

SHOP

Shopify's stock (SHOP) trades lower following a downgrade from Neutral to Underperform by Exane BNP Paribas.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 5:11 pm

LRCX

Lam Research Corporation (NASDAQ:LRCX) stock rose by 4.4% to $786.01, influenced by the positive earnings report from Taiwan Semiconductor Mfg. Co. Ltd. (TSMC). TSMC's strong Q4 financial results, with revenue of $19.62 billion and EPS of $1.44, surpassed consensus estimates and signaled favorable conditions for the semiconductor industry, benefiting companies like LRCX.

Portfolio Pulse from Henry Khederian

January 18, 2024 | 5:09 pm

HOOD

Mizuho analyst Dan Dolev has reaffirmed a Buy rating on Robinhood Markets (NASDAQ:HOOD) and increased the price target from $14 to $15.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 5:06 pm

SPY

Atlanta Fed President Raphael Bostic expressed openness to initiating interest rate cuts before July if there is 'convincing' evidence that inflation is slowing more rapidly than expected.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 5:05 pm

AEHR

Aehr Test Systems (NASDAQ:AEHR) has significantly outperformed the market, with an average annual return of 73.25% over the past 5 years. An investment of $100 in AEHR stock 5 years ago would be worth $1,560.71 today. The company's market capitalization currently stands at $511.50 million.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 5:02 pm

LNG

Cheniere Energy (AMEX:LNG) has delivered an average annual return of 13.53% over the past 10 years, turning a $1000 investment into $3,571.08 today. With a current market cap of $38.78 billion, the stock has outperformed the market by 3.61% on an annualized basis.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 5:02 pm

VRNS

DA Davidson has downgraded Varonis Systems (NASDAQ:VRNS) to Neutral and raised the price target from $37.00 to $45.00. Varonis Systems' shares are currently trading at $45.08, down 0.62% over the last 24 hours. A price target of $45.00 implies a slight decrease from the current price. Varonis is a cybersecurity company transitioning to cloud-based services.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 5:00 pm