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The Dow Jones Industrial Average hit a new historic high, with SPDR Dow Jones Industrial Average ETF Trust (DIA) showing a breakout. The market is going parabolic, which historically is not sustainable, and a pullback is expected. Powell's recent flip on monetary policy has increased the risk of market maker gamma squeeze, potentially driving the market higher. Strong retail sales and jobless claims data contradict Powell's dovish stance, suggesting the Fed may have to reverse course if strong data persists. The European Central Bank left rates unchanged and plans to exit pandemic stimulus. Money flows are positive in Amazon, Nvidia, Alphabet, Tesla, Apple, SPY, and QQQ, but negative in Microsoft and Meta. The Arora Report suggests diversification beyond the 'Magnificent Seven' tech giants and adding small caps to portfolios. Gold, oil, and Bitcoin markets are also discussed, with the momo crowd buying and smart money's actions locked.

Portfolio Pulse from The Arora Report

December 14, 2023 | 3:20 pm

APLS

Citron Research tweeted about Apellis Pharmaceuticals Inc. (APLS), suggesting that the company is expected to raise funds soon. The tweet criticizes the U.S. healthcare system's dysfunction, highlighted by APLS's failure to receive European approval for Syfovre. Citron reaffirms their previous report's stance, which was critical of Syfovre, despite analysts' expectations of a 30-35% revenue contribution from Europe.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 3:19 pm

ILMN

Illumina's stock (ILMN) is trading higher following bullish analyst coverage from Stephens and Guggenheim, indicating positive sentiment and potential growth.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 3:18 pm

Visa Inc (NYSE:V) stock reached an all-time high of $262.48, driven by the global shift to e-payments, operating leverage, successful buyback initiatives, and strong fiscal Q4 earnings. Technical analysis indicates a bullish trend, with analyst ratings suggesting a Buy/Outperform and price targets between $280-$295. Despite the positive outlook, Visa's stock was down 1.17% to $259.31 at last check.

Portfolio Pulse from Surbhi Jain

December 14, 2023 | 3:17 pm

IVZ

Invesco's stock (IVZ) is trading higher following an upgrade from Keefe, Bruyette & Woods, who raised their rating from Market Perform to Outperform and increased the price target from $15.5 to $20.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 3:16 pm

ALEC

Alector Inc.'s stock (ALEC) has seen an increase in its trading price following an upgrade from Stifel, which changed its rating from Hold to Buy and increased the price target for ALEC from $8 to $15.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 3:15 pm

BCS

Barclays Inc. (NYSE:BCS) stock has risen by 4.09% in the current session to $7.75, with an 11.74% increase over the past month and a 1.91% rise over the past year. The company's P/E ratio of 4.38 is lower than the Banks industry average of 14.91, which could indicate that the stock is undervalued or that investors have lower growth expectations for Barclays compared to its industry peers.

Portfolio Pulse from Benzinga Insights

December 14, 2023 | 3:15 pm

ALEC

ALGN

JBL

MRNA

PACB

RIVN

Jabil Inc. reported Q1 earnings with revenue of $8.39 billion, surpassing estimates, and an adjusted EPS of $2.60, causing its shares to rise by 5%. Other stocks also saw gains, including Redfin, Sunnova Energy, Wayfair, Sunrun, Moderna, Pacific Biosciences, Alector, Opendoor Technologies, Enphase Energy, Align Technology, Gold Fields, Alcoa, First Solar, Lucid Group, Citizens Financial Group, Rivian Automotive, Pool Corporation, RH, Regions Financial Corporation, and The Carlyle Group. Moderna's stock climbed after announcing positive study data with Merck, while Pacific Biosciences was initiated with an Overweight rating by Stephens & Co. Alector received an upgrade from Stifel, and Align Technology got an updated license from Health Canada. Alcoa was approved for continued mining, and Rivian signed a deal with AT&T.

Portfolio Pulse from Avi Kapoor

December 14, 2023 | 3:15 pm

HST

Host Hotels & Resorts' stock (HST) is trading higher following an upgrade from Underweight to Neutral by JP Morgan.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 3:14 pm

BLD

TopBuild Corp's stock (BLD) is trading higher following an upgrade by JP Morgan from Neutral to Overweight, with an increased price target from $312 to $387.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 3:11 pm