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CELU

Celularity Inc. shares have risen following a CEO letter to shareholders projecting net sales growth of 22.7% to 26.6% for the full year 2023.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 7:28 pm

JP Morgan analyst Bill Peterson has maintained a Neutral rating on Alcoa (NYSE:AA) and increased the price target from $30 to $32.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 7:26 pm

AGFY

ARAV

EHTH

MDC

MTB

PCSA

RAMP

U.S. stocks traded higher, with the Dow Jones gaining over 100 points. M&T Bank Corporation (NYSE:MTB) reported Q4 earnings below expectations at $2.81 per share against estimates of $3.49 per share, though sales slightly exceeded expectations. Agrify Corporation (NASDAQ:AGFY) surged 18% after announcing a sales agreement. M.D.C. Holdings, Inc. (NYSE:MDC) jumped 18% due to acquisition news by Sekisui House. LiveRamp Holdings, Inc. (NYSE:RAMP) gained 9% after announcing an acquisition and preliminary revenue results. Aravive, Inc. (NASDAQ:ARAV), Processa Pharmaceuticals, Inc. (NASDAQ:PCSA), and eHealth, Inc. (NASDAQ:EHTH) saw significant stock declines.

Portfolio Pulse from Avi Kapoor

January 18, 2024 | 7:25 pm

DFS

HTZ

KEY

NVCR

TLT

TSLA

USO

U.S. stocks showed mixed performance with tech leading due to AI optimism. Labor data indicated a strong job market. Fed's Bostic suggested rate cuts could start in Q3 if inflation slows. The dollar and Treasury yields rose, while bonds and Bitcoin fell. Oil prices increased after the IEA raised its demand forecast. Major indices and ETFs had varied results, with tech and semiconductors gaining, while utilities and real estate declined. Notable stock movements included NovoCure, Hertz, Tesla, and various chipmakers, while Discover Financial and KeyCorp dropped after earnings misses.

Portfolio Pulse from Piero Cingari

January 18, 2024 | 7:22 pm

AKAN

Akanda Corp has filed an F-3 form with the SEC for a mixed shelf offering, allowing the company to issue various types of securities up to a total of $5 million. This move could potentially dilute current shareholders but also provides the company with a mechanism to raise capital flexibly over time.

Portfolio Pulse from Charles Gross

January 18, 2024 | 7:22 pm

Baird analyst Vikram Kesavabhotla has maintained an Outperform rating on DoubleVerify Holdings (DV) and increased the price target from $38 to $44. This adjustment reflects Baird's positive outlook on DV's performance.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 7:20 pm

BMO Capital Markets analyst James Fotheringham maintained a Market Perform rating on Goldman Sachs Group, Inc. (NYSE:GS) and raised the price target from $357 to $360. The adjustment follows a Q4 earnings beat and a 2% increase in estimates for 2024 and 2025 EPS, reflecting higher Global Banking & Markets (GB&M) revenues. Fotheringham noted robust discussions with corporate clients and solid year-to-date activity in North America and Europe. However, he expressed concern over the volatility of GB&M revenues. Goldman Sachs' stock was trading slightly lower at $376.70.

Portfolio Pulse from Nabaparna Bhattacharya

January 18, 2024 | 7:17 pm

SHIBUSD

Shiba Inu (CRYPTO: SHIB) has experienced a 3.93% price drop over the last 24 hours, continuing a weekly decline of 11%. The trading volume has decreased by 68%, while the circulating supply has increased by 0.32%, resulting in a current market cap ranking of #18 at $5.39 billion.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 7:03 pm

ADAUSD

Cardano's (CRYPTO: ADA) price has decreased by 3.78% over the past 24 hours to $0.51, marking a continuation of a downward trend over the past week with a 13.0% drop from $0.58. The trading volume has decreased by 79.0%, while the circulating supply has slightly increased. Cardano's market cap ranking is currently #9 at $17.84 billion.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 7:02 pm

DOTUSD

Polkadot's (CRYPTO: DOT) price has decreased by 4.9% in the last 24 hours, reaching $6.98, continuing a negative trend with a 15.0% loss over the past week. Trading volume has decreased by 70.0%, while the circulating supply has increased by 0.51%, resulting in a current market cap ranking of #13 at $9.21 billion.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 7:02 pm