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SPY

The S&P 500 index has closed at a record high for the first time in two years, signaling a potentially positive outlook for the market and investor confidence.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 9:01 pm

MSTR

Over the past 20 years, MicroStrategy (NASDAQ:MSTR) has produced an average annual return of 11.25%, outperforming the market by 3.81% on an annualized basis. A $1000 investment in MSTR 20 years ago would be worth $8,194.13 today. MicroStrategy's current market capitalization stands at $8.11 billion.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 9:00 pm

CI

Over the past 15 years, Cigna Group (NYSE:CI) has produced an average annual return of 21.82%, outperforming the market. A $100 investment in CI 15 years ago would now be worth $1,940.30. Cigna Group's current market capitalization stands at $88.12 billion.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 9:00 pm

PARA

Paramount Global's stock (PARA) is trading higher after reports that private equity firm Apollo is considering a buyout of National Amusements, which is a significant shareholder in Paramount.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 8:59 pm

DAL

JBLU

SAVE

Dave Portnoy, founder of Barstool Sports, announced a purchase of Spirit Airlines Inc (SAVE) shares after a failed merger with JetBlue (JBLU), leading to a 50% drop in Spirit's stock. Following a further 25% drop after Spirit's debt refinancing announcement, Portnoy declared SAVE a 'mega buy' at around $4 per share. The stock has since rebounded to $7, yielding Portnoy an unrealized gain of $600,000. Portnoy, known for his 'Davey Day Trader' persona, is actively promoting Spirit Airlines, contrasting it with a negative customer experience at Delta Air Lines (DAL).

Portfolio Pulse from Aaron Bry

January 19, 2024 | 8:59 pm

ZIP

Goldman Sachs analyst Sheridan downgraded ZipRecruiter (NYSE:ZIP) from Buy to Neutral with a $15 price target, citing limited visibility into the hiring environment and expecting short-term headwinds to persist into 2024. Despite a >20% share price increase since Q3 earnings, Sheridan cut revenue assumptions and projected Q4 revenue and EPS below consensus. He acknowledged long-term positives but sees balanced risk-reward in the near term. ZIP shares fell by 2% to $14.25.

Portfolio Pulse from Mohit Manghnani

January 19, 2024 | 8:52 pm

HUT

Hut 8 Corp. has acknowledged a short report by J Capital Research, which stands to profit if Hut 8's share price falls. The company is reviewing the report and will update as necessary. Hut 8's management and Board express confidence in the company's merger, financial strength, and future success, and remain committed to growth for shareholders.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 8:51 pm

GOEV

Canoo (NYSE:GOEV) has seen a decrease in short interest, with the short percent of float dropping 10.94% since the last report. The company has 108.22 million shares sold short, representing 15.55% of available shares. The average time to cover these short positions is 2.72 days. While a decrease in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term price rise. Canoo's short interest is higher than its peer group average of 12.26%.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 8:45 pm

GNRC

Generac Hldgs (NYSE:GNRC) has seen a decrease in short interest, with the short percent of float dropping 9.97% since the last report. The company has 3.38 million shares sold short, representing 6.32% of available shares for trading. The current short interest is below the peer group average of 9.95%. While a decline in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term rise in stock price.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 8:45 pm

BROS

Dutch Bros (NYSE:BROS) has seen a decrease in short interest, with the short percent of float dropping 9.59% since the last report. The company has 7.70 million shares sold short, representing 13.2% of available shares for trading. The average time to cover these short positions is 4.83 days. While a decrease in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term rise in stock price. Dutch Bros has a higher short interest than its peer group average of 8.23%.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 8:45 pm