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In Monday's after-market session, several IT stocks saw significant movements. Atomera, Movella Holdings, SMX, Sonim Technologies, Argo Blockchain, and Prairie Operating were gainers, with Atomera leading at a 9% increase. On the losing side, Amplitude, WaveDancer, CalAmp, Signing Day Sports, Powerbridge Technologies, and Nvni Group saw declines, with Amplitude dropping 7.3%. CalAmp's recent Q3 earnings release is noted.

Portfolio Pulse from Benzinga Insights

January 15, 2024 | 9:30 pm

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XXII

Marijuana stocks saw significant movement on January 15, 2024, with Khiron Life Sciences leading the gainers with a 152.73% increase, while MedMen Enterprises experienced a steep decline of 95.71%. Other notable gainers include Global Compliance, CordovaCann, and RIV Capital. The losers' list was topped by AusCann Group Holdings with a 58.82% drop, followed by EnWave and Auxly Cannabis Group.

Portfolio Pulse from Benzinga Insights

January 15, 2024 | 9:30 pm

Morgan Stanley (NYSE:MS) is expected to release its quarterly earnings report on January 16, 2024, with an estimated EPS of $0.99. Investors are looking for an earnings beat and positive guidance for future growth. Historically, Morgan Stanley's stock price has shown mixed reactions to past earnings performances, with a 2.62% drop after beating EPS last quarter. The stock is currently trading at $90.51, down 7.6% over the last year. The upcoming earnings report could influence investor sentiment, especially considering the recent negative returns.

Portfolio Pulse from Benzinga Insights

January 15, 2024 | 9:00 pm

PNC

Over the past 15 years, PNC Financial Services Group (NYSE:PNC) has yielded an average annual return of 13.6%, outperforming the market. A $1000 investment in PNC 15 years ago would be worth $6,769.09 today. PNC has a current market capitalization of $58.95 billion.

Portfolio Pulse from Benzinga Insights

January 15, 2024 | 8:30 pm

COST

Costco Wholesale Corporation (NASDAQ:COST) stock reached a new 52-week high, trading briefly at $683.72 before closing at $683.24. The stock has risen approximately 45% over the past year. Positive indicators such as a rising on-balance volume (OBV) and a 9.9% YoY increase in December 2023 retail sales suggest continued strength. Costco plans to open 33 new warehouses in 2024, and with grocery inflation stabilizing, there is optimism for increased discretionary spending in the latter half of the year. Despite concerns over market saturation and supply chain risks, Costco's membership growth and strong financials make it an attractive long-term investment.

Portfolio Pulse from Surbhi Jain

January 15, 2024 | 8:24 pm

BONK

SOL

Myra (CRYPTO: MYRA), a new Solana-based memecoin, has seen a dramatic increase in value, surging 69,000% within 24 hours of trading, achieving a market cap of over $5 million. Despite not being listed on any centralized exchanges, its trading volume exceeded $4.5 million. Myra's success follows the trend of other Solana memecoins like Bonk (CRYPTO: BONK) and Myro. Market participants speculate on Myra's potential growth, with some predicting it could reach a $10 million market cap. A trader was reported by Lookonchain to have made significant profits trading MYRA shortly after its launch.

Portfolio Pulse from Ivan Crnogatić

January 15, 2024 | 8:09 pm

DOGEUSD

SHIBUSD

SOLUSD

WYNN, a memecoin associated with rapper Drake, has seen a significant increase of 152% in the past 24 hours, reaching a market capitalization of over $40 million. The coin's rapid rise on the Solana platform has outperformed other memecoins and even established cryptocurrencies like Dogecoin and Shiba Inu, which have seen more modest gains. Enthusiasm around WYNN is growing, with investors drawing parallels to previous memecoin rallies, but there is also a cautionary reminder of the potential for sharp price corrections in the memecoin market.

Portfolio Pulse from Ivan Crnogatić

January 15, 2024 | 7:50 pm

Nu Holdings Inc. (NYSE:NU) stock rose by 1.98% to $9.25 in the current session, with a monthly increase of 9.72% and an annual rise of 152.32%. The company's P/E ratio of 121.91 is significantly higher than the Banks industry average of 9.88, suggesting that the stock might be overvalued despite the positive performance. Investors are advised to consider the P/E ratio alongside other financial metrics and qualitative analysis for a comprehensive investment decision.

Portfolio Pulse from Benzinga Insights

January 15, 2024 | 7:46 pm

Over the past 20 years, Boeing (NYSE:BA) has produced an average annual return of 8.46%, outperforming the market by 1.08% on an annualized basis. A $100 investment in Boeing stock 20 years ago would be worth $499.31 today. Boeing's current market capitalization stands at $131.34 billion.

Portfolio Pulse from Benzinga Insights

January 15, 2024 | 7:30 pm

SEIUSD

Sei's cryptocurrency (CRYPTO: SEI) price has risen 6.49% in the last 24 hours to $0.76, continuing a weekly upward trend with a 5.0% gain. Despite a 56.0% drop in trading volume over the week, the circulating supply increased by 6.83% to 2.42 billion. Sei's market cap is now ranked #47 at $1.88 billion. The volatility of Sei's price can be observed through the Bollinger Bands in the provided chart.

Portfolio Pulse from Benzinga Insights

January 15, 2024 | 7:03 pm