Streetbeat News

Stock Prices

GPN

Global Payments (NYSE:GPN) has seen a 12.9% increase in short interest since its last report, with 3.61 million shares sold short, representing 1.4% of available shares. The short interest is lower than the peer group average of 6.05%. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop.

Portfolio Pulse from Benzinga Insights

December 11, 2023 | 8:45 pm

DIS

GOOG

GOOGL

NFLX

WBD

The top Google searches for 2023 included events like the war in Israel, natural disasters, and shootings, as well as individuals such as Damar Hamlin and Travis Kelce. Alphabet Inc's Google was the primary search engine used. Netflix's series 'Wednesday' starring Jenna Ortega, and David Beckham's documentary boosted Netflix's visibility. Pedro Pascal's roles in Disney+ and HBO series made him a highly searched individual. Alphabet Inc (GOOG, GOOGL), Netflix Inc (NFLX), Walt Disney Co (DIS), and Warner Bros. Discovery (WBD) are companies mentioned in relation to these searches.

Portfolio Pulse from Chris Katje

December 11, 2023 | 8:43 pm

TRMB

Activist investor Jana has taken a position in Trimble Inc. and is advocating for the company to concentrate on organic growth. Jana believes that Trimble, which specializes in GPS, laser, and optical technologies, should focus on its core businesses to enhance value for shareholders. The investor's push for organic growth suggests a strategy shift away from acquisitions and towards internal development and efficiency improvements.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 8:37 pm

AAPL

AMZN

GOOG

GOOGL

Wedbush analyst Dan Ives raised Apple Inc's (AAPL) price target from $240 to $250 and named it the 'Top Tech Pick' for 2024, anticipating it to become the first $4-trillion company. However, Virtus Investment Partners' Joe Terranova believes Alphabet Inc (GOOG, GOOGL) and Amazon.com Inc (AMZN) could outperform Apple in 2024 due to their potential in generative AI, which the market has somewhat overlooked. Cerity Partners' Jim Lebenthal agreed, highlighting Google's Gemini AI and Alphabet's value at 20 times forward earnings. Both analysts expect a rotation of investment into underappreciated mega-cap tech names in the next year.

Portfolio Pulse from Adam Eckert

December 11, 2023 | 8:35 pm

BTCUSD

DOGEUSD

ETHUSD

Dogecoin (DOGE) is down 7.2% amid a broader cryptocurrency market pullback. Bitcoin (BTC) also fell after a recent surge. The SEC's consideration of a Fidelity Ethereum (ETH) ETF reflects growing institutional interest in crypto. The market is focused on the upcoming FOMC meeting and inflation data, with expectations of steady rates, which previously led to a Bitcoin price increase.

Portfolio Pulse from Henry Khederian

December 11, 2023 | 8:33 pm

COGT

Wedbush analyst David Nierengarten has downgraded Cogent Biosciences (COGT) from Outperform to Neutral and reduced the price target from $20 to $5.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 8:30 pm

NXPI

Over the past 10 years, NXP Semiconductors (NASDAQ:NXPI) has produced an average annual return of 17.67%, outperforming the market by 7.71% on an annualized basis. A $100 investment in NXPI a decade ago would be worth $516.04 today. The company's current market capitalization stands at $55.77 billion.

Portfolio Pulse from Benzinga Insights

December 11, 2023 | 8:30 pm

BTCUSD

The cryptocurrency market saw a significant increase in trading activities in November, with spot trading volumes on major exchanges rising by 60%. KuCoin, OKX, and Mexc led the surge. Futures trading volumes also increased by 44.4%, with Crypto.com, OKX, and Kucoin experiencing the highest growth. Web traffic for exchanges like Kucoin, Crypto.com, and Binance increased, while Huobi's traffic dropped notably. Bitfinex reported that Bitcoin supply on exchanges is at its lowest in six years, suggesting a decrease in selling intentions.

Portfolio Pulse from Murtuza Merchant

December 11, 2023 | 8:28 pm

EBAY

TSLA

Tesla Inc's (NASDAQ:TSLA) Cybertruck reservations are being auctioned on eBay Inc (NASDAQ:EBAY) for high prices, indicating strong demand. Some spots are selling for over $20,000. Tesla's production ramp-up aims for 250,000 units annually by 2025, but early models, like the Foundation Series, may exceed $100,000. Over one million reservations have been made, with third-party estimates nearing two million. Tesla has re-added a clause that could allow them to sue owners who sell the vehicle within the first year, making the sale of reservation spots potentially risky.

Portfolio Pulse from Chris Katje

December 11, 2023 | 8:25 pm

CURLF

Curaleaf Holdings, Inc. is reorganizing its U.S. operations and has received conditional approval to list its subordinate voting shares on the Toronto Stock Exchange (TSX). A third-party investor has purchased one share of Class A voting stock in Curaleaf USA for $1 million, giving them voting rights and the ability to appoint a director to the board. Curaleaf retains 99.9% economic ownership through Class B non-voting stock. This move allows Curaleaf to attract investors with deeper pockets, as U.S. federal illegality restricts them from listing on Nasdaq or NYSE. Curaleaf's shares (CURLF) were slightly up at the time of reporting.

Portfolio Pulse from Jelena Martinovic

December 11, 2023 | 8:18 pm