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Stock Prices

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In Friday's after-market session, several information technology stocks experienced significant movements. FOXO Technologies (FOXO) saw a 28.1% increase, while Baijiayun Group (RTC) faced a 15.3% decline. Other notable gainers included Inuvo (INUV), D-Wave Quantum (QBTS), DatChat (DATS), Sonim Technologies (SONM), and Mawson Infra Gr (MIGI). On the losing side were Nvni Group (NVNI), Castellum (CTM), Smith Micro Software (SMSI), Marin Software (MRIN), and Intrusion (INTZ).

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 9:31 pm

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TSLA

The Pentagon is set to install rooftop solar panels as part of a new clean energy plan by the Biden administration, which could save $1.36 million annually and make the Pentagon more resilient. This move may boost interest in solar stocks, which have seen declines over the past year. The Department of Energy's AFFECT program will grant $104 million for clean energy projects across 31 federal facilities, including the Pentagon. Although no companies are named yet for the Pentagon project, solar stocks and ETFs like First Solar, SunPower, SolarEdge, Sunrun, Enphase Energy, Invesco Solar ETF, and Global X Solar ETF could benefit. Tesla, known for EVs and solar solutions, may also gain from increased government interest in solar energy.

Portfolio Pulse from Chris Katje

January 19, 2024 | 9:30 pm

PXD

Over the past 20 years, Pioneer Natural Resources (NYSE:PXD) has produced an average annual return of 9.79%, outperforming the market. A $100 investment in PXD 20 years ago would be worth $640.75 today. The company's current market capitalization is $50.66 billion.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 9:30 pm

ELF

e.l.f. Beauty (NYSE:ELF) has significantly outperformed the market, with an average annual return of 80.88% over the past 5 years. An initial investment of $1000 in ELF stock 5 years ago would now be worth $19,360.74. The company currently holds a market capitalization of $8.72 billion.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 9:30 pm

CARA

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Cannabis stocks experienced significant movements on January 19, 2024. EVIO led the gainers with a 9900.00% increase, while Rocky Mountain High topped the losers with a 21.62% decline. Notable gainers included Genetic Technologies, OrganiGram Holdings, and Cara Therapeutics, with increases of 42.16%, 10.72%, and 4.80% respectively. Among the losers, Corbus Pharmaceuticals and Greenlane Holdings saw declines of 4.91% and 3.32%.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 9:30 pm

MUSQ

SONY

Kanye West has installed $850K permanent titanium dentures and filmed a 40-minute apology video ahead of his new album 'Vultures' with Ty Dolla $ign. The album's release date is set for February 9th, after being delayed twice. West lost his deals with Universal Music Group and Sony Music following anti-Semitic comments last year. The MUSQ Global Music Industry ETF, which includes SONY and UMG, offers exposure to the music industry.

Portfolio Pulse from Johnny Rice

January 19, 2024 | 9:26 pm

ARKB

MSTR

Cathie Wood, CEO of Ark Invest, remains bullish on Bitcoin despite its recent 5% decline, citing the cryptocurrency's backing by the world's largest computer network. Yassine Elmandjra of ARK Investment Management supports this view, noting Bitcoin's hash rate and performance compared to supercomputers. Wood's firm has invested in the ARK 21Shares Bitcoin ETF (ARKB), and she shares a similar sentiment to Michael Saylor of MicroStrategy (MSTR) regarding Bitcoin's value as a secure digital asset. Despite potential short-term sell pressure, the upcoming halving event is anticipated to be bullish for Bitcoin.

Portfolio Pulse from Khyathi Dalal

January 19, 2024 | 9:20 pm

APLM

Apollomics Inc. has received a notification from Nasdaq regarding a deficiency in meeting the minimum bid price requirement. The company's stock has been trading below the $1 minimum bid price for the last 30 consecutive business days. Apollomics is required to regain compliance within 180 calendar days, or by September 12, 2023. If at any time before this deadline, the bid price of Apollomics' common stock closes at $1 or higher for a minimum of 10 consecutive business days, Nasdaq will provide written confirmation of compliance. Failure to meet the requirement may lead to delisting. The company intends to monitor the bid price and consider available options to resolve the deficiency.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 9:16 pm

SRC

Spirit Realty Capital, Inc. (NYSE:SRC) shareholders have overwhelmingly approved the merger with Realty Income Corporation (NYSE:O), with 99.8% of votes in favor. The merger, which does not require Realty Income shareholder approval, is set to close on January 23, 2024. Spirit common shareholders will receive 0.762 Realty Income shares for each Spirit share, and Spirit's preferred stock will be exchanged for Realty Income preferred stock, expected to trade under the symbol 'O PR'.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 9:07 pm

AMD