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Stock Prices

Verizon Communications (NYSE:VZ) is expected to report a decline in Q4 earnings with an EPS of $1.07, down 10.1% from the previous year, and revenues around $34.6 billion, a 2% decrease. The company faces challenges with a $5.8 billion write-down in its wireline division due to competition and a shift to wireless services. However, Verizon's wireless division shows strong growth and the C-Band spectrum is anticipated to be a 'game changer' for 5G networks. Analysts remain bullish with most recent ratings being Strong Buy or Buy, and the stock has a high dividend yield of 6.84%.

Portfolio Pulse from Neil Dennis

January 22, 2024 | 5:49 pm

AON

CCG

FANH

GBLI

HIPO

ITIC

MBI

MRAI

PLMR

PRA

ROOT

TIRX

In Monday's intraday session, insurance stocks saw significant movement. Marpai, MBIA, Hippo Holdings, Root, Investors Title, and ProAssurance experienced gains, while Tian Ruixiang Holdings, Global Indemnity Group, Fanhua, Palomar Holdings, Cheche Group, and Aon saw declines. The movements were reported with respect to the stocks' prices, trading volumes, and market capitalizations.

Portfolio Pulse from Benzinga Insights

January 22, 2024 | 5:40 pm

TSLA

Elon Musk, CEO of Tesla Inc. (NASDAQ:TSLA), co-founded OpenAI but left due to disagreements, launching a competitor, xAI. Musk invested over $40 million in OpenAI, which he envisioned as open-source, but it became profit-focused. Musk's xAI, with $134.7 million raised from investors, aims to innovate in AI, challenging OpenAI's market position. Musk's experience and strategic vision could make xAI a formidable player in the AI space, despite OpenAI's first-mover advantage.

Portfolio Pulse from Caleb Naysmith

January 22, 2024 | 5:37 pm

AAPL

AMD

ARM

INTC

MARA

MSFT

NVDA

SMCI

TSM

WDC

Today's session revealed significant options activity for several information technology stocks, with whale alerts indicating potential trading opportunities. Large volumes of contracts were traded for companies like AMD, NVDA, AAPL, WDC, MSFT, ARM, SMCI, TSM, INTC, and MARA. The sentiment of these trades ranged from bullish to bearish, with varying expiration dates and strike prices. Notable were bullish call sweeps for AMD and NVDA, a bearish put sweep for AAPL, and mixed sentiments for others like WDC and INTC.

Portfolio Pulse from Benzinga Insights

January 22, 2024 | 5:35 pm

CMA

RBC Capital analyst Jon Arfstrom has reiterated an Outperform rating on Comerica (NYSE:CMA) and maintained a price target of $63. This reaffirmation of the bank's stock performance and target price suggests confidence in Comerica's future financial performance.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 5:35 pm

DIA

QQQ

SPY

The S&P 500, Dow Jones, and Nasdaq 100 indices have reached all-time highs, raising questions about market overvaluation. Current valuations are slightly above historical averages, with the S&P 500's forward P/E ratio at 19.5, the Dow's at 18.4, and the Nasdaq 100's at 25.9. Despite this, the market does not show signs of severe overvaluation. Sector-specific P/E ratios within the S&P 500 vary, with Information Technology and Consumer Discretionary sectors having the highest ratios.

Portfolio Pulse from Piero Cingari

January 22, 2024 | 5:34 pm

PLUG

Plug Power, Inc. (NASDAQ:PLUG) shares are experiencing a slight increase despite a recent 40% drop over the past month. The company has entered into a market issuance sales agreement to sell up to $1 billion of its common stock. KeyBanc Capital Markets analyst Sangita Jain anticipates further pressure on the stock due to multiple growth headwinds. Plug Power is set to host a business update conference call, which could provide more insights into the company's future plans and financial health.

Portfolio Pulse from Erica Kollmann

January 22, 2024 | 5:34 pm

AFYA

DOGZ

FEDU

FSR

FTEL

GNS

KAVL

MOGU

MOND

TCTM

TWOU

VRM

During Monday's intraday session, several consumer discretionary stocks experienced significant movements. Fitell, Vroom, Fisker, Genius Gr, 2U, and Mondee Hldgs were among the gainers, with increases ranging from 12.67% to 20.3%. Conversely, Four Seasons Education, Tarena International, MOGU, Afya, Kaival Brands Innovations, and Dogness (Intl) were among the losers, with declines ranging from 7.44% to 16.3%. Market capitalizations for these companies vary, with Afya being the largest at $1.9 billion.

Portfolio Pulse from Benzinga Insights

January 22, 2024 | 5:31 pm

AQB

BBLG

BFRG

BIMI

SGMT

SXTP

VIRI

In Monday's intraday session, several healthcare stocks experienced significant movements. Sagimet Biosciences (SGMT) saw a notable increase of 103.5%, while Virios Therapeutics (VIRI) led the decliners with a 37.1% drop. Other gainers included Bullfrog AI Hldgs (BFRG), Bone Biologics (BBLG), 60 Degrees (SXTP), AquaBounty Techs (AQB), and BIMI Intl Medical (BIMI). On the losing side were Shuttle Pharmaceuticals (SHPH), NexImmune (NEXI), Synaptogenix (SNPX), CNS Pharma (CNSP), and Elicio Therapeutics (ELTX).

Portfolio Pulse from Benzinga Insights

January 22, 2024 | 5:31 pm

AGFY

CETY

CISS

EOSE

JCSE

LICY

LUNR

MESA

ROMA

SGBX

TSP

During Monday's intraday session, several industrial stocks experienced significant movements. Li-Cycle Holdings (LICY) saw a 20.4% increase, while Clean Energy Technologies (CETY) dropped by 25.8%. Other notable gainers include Richtech Robotics (RR), Intuitive Machines (LUNR), Safe & Green Holdings (SGBX), Eos Energy Enterprises (EOSE), and Mesa Air Gr (MESA). On the losing side, Agrify (AGFY), C3is (CISS), TuSimple Hldgs (TSP), Roma Green Finance (ROMA), and JE Cleantech Hldgs (JCSE) saw declines in their stock prices.

Portfolio Pulse from Benzinga Insights

January 22, 2024 | 5:31 pm