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Fed Governor Waller's comments at The Brookings Institution have tempered expectations for interest rate cuts, with a focus on stable economic activity and managing inflation. Waller suggested the Fed is not in a hurry to reduce rates, citing a strong economy and a gradual approach to reaching the 2% inflation target. The market reacted with reduced expectations for a March rate cut, a rise in Treasury yields, and a downturn in stocks and bonds, affecting ETFs like TLT, SPY, and IWM.

Portfolio Pulse from Piero Cingari

January 16, 2024 | 9:56 pm

IBKR

Interactive Brokers Group, Inc. (IBKR) reported mixed Q4 financial results, with earnings of $1.52 per share missing the consensus estimate of $1.55, while revenue of $1.15 billion exceeded expectations. The company saw a 23% growth in customer accounts and a 5% increase in commission revenue, despite mixed trading volumes across product types. Following the earnings release, IBKR shares dropped 2.62% in after-hours trading.

Portfolio Pulse from Ryan Gustafson

January 16, 2024 | 9:40 pm

NNBR

The article provides a correction regarding the ticker symbol for NN, Inc., which is 'NNBR'.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 9:36 pm

AER

BAC

BMO Capital Markets analyst James Fotheringham maintained a Market Perform rating on Bank Of America Corporation (BAC) but lowered the price target from $37 to $36. The adjustment follows BAC's Q4 2023 miss driven by higher operating and credit costs, and reduced share repurchase expectations. Fotheringham suggests better return potential in other U.S. FIG stocks, highlighting AerCap Holdings (AER) and Air Lease Corporation (AL) as having less exposure to risks. BAC's Q4 revenue declined 10% Y/Y, and core EPS of $0.66 missed consensus by 7%. The 2024 core EPS estimate for BAC was reduced to $3.13 from $3.29, while the 2025 estimate remains nearly the same. BAC shares dropped 2.07% to $32.12.

Portfolio Pulse from Nabaparna Bhattacharya

January 16, 2024 | 9:32 pm

BZFD

CAUD

CRGE

GROM

PSQH

SALM

SOPA

STBX

SURG

TGL

VSME

In Tuesday's after-market session, several communication services stocks experienced movement. Starbox Group Holdings (STBX) and Society Pass (SOPA) were among the gainers, with shares rising 8.7% and 5.6%, respectively. BuzzFeed (BZFD), VS Media Holdings (VSME), Surgepays (SURG), and Zhihu (ZH) also saw gains. Conversely, Charge Enterprises (CRGE), Grom Social Enterprises (GROM), PSQ Holdings (PSQH), Salem Media Group (SALM), Collective Audience (CAUD), and Treasure Global (TGL) were the losers, with their stocks falling up to 9.6%.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 9:31 pm

ALEC

EVOK

MBRX

SVRA

In Tuesday's after-market session, several healthcare stocks experienced significant movements. Moleculin Biotech, Evoke Pharma, TC BioPharm, CNS Pharma, Atreca, and ASLAN Pharma were among the gainers, with increases ranging from 5.94% to 8.7%. Conversely, Savara, MyMD Pharmaceuticals, Alector, Enliven Therapeutics, Estrella Immunopharma, and Trevena were the losers, with declines between 4.97% and 11.9%. The market capitalizations of these companies vary, with some below $10 million and others exceeding $500 million.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 9:31 pm

ATIF

GWH

NOTE

RCRT

SGBX

ULH

In Tuesday's after-market session, several industrial stocks saw significant movement. Recruiter.Com Group (RCRT), ESS Tech (GWH), and FiscalNote Holdings (NOTE) were among the gainers, with increases of 9.0%, 6.56%, and 5.22% respectively. Conversely, ATIF Holdings (ATIF), Universal Logistics Holdings (ULH), and Safe & Green Holdings (SGBX) were among the losers, with declines of 10.9%, 4.98%, and 4.9% respectively.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 9:31 pm

MSAI

PHUN

After Tuesday's after-market session, several information technology stocks experienced significant movements. Infrared Cameras Holdings (MSAI) and Impinj (PI) were notable gainers, with MSAI rising 20% and PI increasing by 11.68%. Other gainers included Meta Materials (MMAT), LG Display Co (LPL), Arqit Quantum (ARQQ), and GSI Technology (GSIT). On the losing side, Phunware (PHUN) saw a sharp decline of 63.3%, while Remark Holdings (MARK), DatChat (DATS), Spectaire Holdings (SPEC), Rubicon Technologies (RBT), and Plexus (PLXS) also experienced declines.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 9:31 pm

CARA

EHC

GRWG

OGI

TLRY

UGRO

VFF

XXII

The article lists the cannabis stocks that experienced significant gains and losses on January 16, 2024. Notable gainers include MedMen Enterprises, C21 Investments, and 22nd Century Group, with increases of 66.67%, 19.62%, and 14.92% respectively. On the losing side, Khiron Life Sciences and Global Hemp Group saw sharp declines of 49.64% and 44.60%. The article reflects the volatility in the cannabis market and may influence investor sentiment.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 9:30 pm

ELIQ

The NYSE has initiated delisting proceedings for Electriq Power Holdings, Inc. (ELIQ) due to the company's failure to maintain the required average global market capitalization of $15 million over a 30-day period. Trading of ELIQ's Class A common stock has been suspended immediately, and the company has the right to appeal the decision.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 9:29 pm