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FRPT

Piper Sandler analyst Michael Lavery has maintained an Overweight rating on Freshpet (NASDAQ:FRPT) and increased the price target from $88 to $100. This adjustment reflects a positive outlook on the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:15 pm

ARR

ARMOUR Residential REIT (NYSE:ARR) has seen a 30.95% decrease in short interest, now at 2.67 million shares or 6.09% of float. It would take 2.07 days to cover short positions. A decrease in short interest may indicate a more bullish sentiment among investors. ARR's short interest is slightly above its peer group average of 5.81%.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 1:15 pm

BNRG

Brenmiller Energy Ltd. (NASDAQ:BNRG) has priced a $4M offering with a U.S. based institutional investor, selling 888,890 units at $4.50 each. Each unit includes one ordinary share or pre-funded warrant and one warrant to purchase an additional share at $5.00. The offering is expected to close on January 25, 2024, with proceeds intended for corporate purposes, working capital, and capital expenditures. A.G.P./Alliance Global Partners is the sole placement agent.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:15 pm

HOOD

PTLO

RIOT

SHCO

Jim Cramer advised investors to stay away from Riot Platforms, Inc. (RIOT), expressing distrust in the company. Despite this, Cantor Fitzgerald analyst Josh Siegler maintained an Overweight rating with a $19 price target for RIOT. Cramer also commented on Robinhood Markets, Inc. (HOOD), citing concerns over its customer exposure to options and Bitcoin. HOOD is expected to report a Q4 loss of 1 cent per share on revenue of $453.46 million. Cramer described Portillo's Inc. (PTLO) as a 'great quandary' and mentioned needing to research Soho House & Co Inc. (SHCO) further. Stock movements were noted with RIOT, PTLO, and SHCO experiencing slight changes, while HOOD saw a 2.6% gain.

Portfolio Pulse from Avi Kapoor

January 23, 2024 | 1:13 pm

ASRV

AmeriServ Financial (NASDAQ:ASRV) reported a significant decrease in earnings for Q4, with a loss of $(0.31) per share compared to a profit of $0.11 per share in the same quarter of the previous year, marking a 381.82% decline.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:10 pm

LUV

Southwest Airlines Co (NYSE:LUV) pilots have agreed to a new labor deal with a 50% pay increase over five years, including an immediate 29.15% raise. The $12 billion contract was approved by 93% of pilots, amidst industry-wide efforts to attract and retain pilots post-pandemic. Despite the positive labor development, analyst David Vernon downgraded Southwest's rating due to broader industry challenges, including recent flight cancellations.

Portfolio Pulse from Benzinga Neuro

January 23, 2024 | 1:10 pm

TSLA

Wedbush analyst Daniel Ives has reiterated an Outperform rating on Tesla (NASDAQ:TSLA) and maintained a price target of $350.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:08 pm

BTBT

Bit Digital, Inc. (NASDAQ:BTBT) has started generating revenue from its first AI contract, with 1,536 GPUs already operational and an additional 512 GPUs expected to be online by the end of January 2024. The contract's total value exceeds $50 million in annualized revenue. CEO Sam Tabar anticipates that this revenue will bolster the company's financial stability and support the acquisition of new bitcoin mining rigs, aiming to double the operating fleet to approximately 6.0 EH/s in 2024.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:07 pm

ALB

ALTM

KeyBanc Capital Markets analyst Aleksey Yefremov predicts a potential price surge in the lithium market as the year progresses, despite near-term uncertainties. Lithium production in China was flat in December, while lithium-ion battery cell production dropped 12%. Albemarle Corporation has reduced its 2024 expenditure forecast, and production curtailments in Australia and weaker production in China may lead to market rebalancing. Yefremov is positive on Albemarle and Arcadium Lithium plc, citing attractive valuations and improving near-term fundamentals. KeyBanc has Overweight ratings on both stocks with price targets of $291 for Albemarle and $13 for Arcadium Lithium.

Portfolio Pulse from Shanthi Rexaline

January 23, 2024 | 1:07 pm

FSR

JFBR

VRM

In Tuesday's pre-market session, several consumer discretionary stocks showed notable movements. Jeffs Brands (JFBR) and Fisker (FSR) were among the gainers, with stock prices rising by 9.5% and 9.13%, respectively. On the losing side, Vroom (VRM) experienced a significant drop of 56.3%. Other stocks such as Kaixin Auto Hldgs (KXIN), Foresight Autonomous (FRSX), and Solid Power (SLDP) also saw gains, while Fitell (FTEL), SRM Entertainment (SRM), Secoo Holding (SECO), Greenlane Hldgs (GNLN), and Genius Gr (GNS) recorded losses.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 1:06 pm