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Stock Prices

SOL

The meme coin Dogwifhat (WIF), which operates on the Solana (SOL) blockchain, saw a 35% increase in value after Binance announced the launch of a USDⓈ-M WIF Perpetual Contract with up to 50x leverage. The announcement led to a surge in trading volume for WIF, with a 72% increase from the previous day, and a market capitalization now exceeding $454 million. This follows a trend of meme coins on Solana gaining popularity, as seen with BONK's previous rise.

Portfolio Pulse from Mehab Qureshi

January 18, 2024 | 9:01 am

KEY

KeyCorp (NYSE:KEY) is anticipated to report lower Q4 earnings with an expected EPS of 23 cents, down from 38 cents a year ago, and revenue of $1.53 billion, down from $1.9 billion. Despite the projected decline, several analysts have upgraded the stock or raised price targets, citing positive outlooks with accuracy rates ranging from 66% to 77%. KeyCorp's stock price dropped slightly by 0.6% to $13.84 on Wednesday.

Portfolio Pulse from Avi Kapoor

January 18, 2024 | 7:41 am

AAPL

AMZN

GOOGL

META

MSFT

NVDA

TSLA

Tesla, Inc. (TSLA) is no longer the most-shorted stock, now ranking third behind Apple, Inc. (AAPL) and Microsoft Corp. (MSFT). Other 'Magnificent 7' stocks like Nvidia Corp. (NVDA), Amazon, Inc. (AMZN), and Meta Platforms, Inc. (META) are also among the top shorted stocks, while Alphabet, Inc. (GOOGL/GOOG) is 11th. Tesla still has the highest short interest among the 'Mag 7' at 3.06%. General Motors Corp. (GM), T-Mobile US, Inc. (TMUS), Palo Alto Networks, Inc. (PANW), RTX Corp. (RTX), and Uber Technologies, Inc. (UBER) have higher short interests than Tesla. Advanced Micro Devices, Inc. (AMD) has a short interest of 3.02%. Tesla shorts lost $12.5 billion in 2023, and the company's stock performance could be influenced by its delivery strength and margin profile management.

Portfolio Pulse from Shanthi Rexaline

January 18, 2024 | 7:39 am

AAPL

NVDA

TSM

Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM) reported a 19% drop in Q4 net profit to $7.6 billion, beating market expectations. Revenue decreased slightly by 1.5% to $19.62 billion, within the forecast range. Full-year capital expenditure was $30.45 billion, below the $32 billion projection for 2023. TSMC's shares have risen 32% in the past year despite industry challenges and the U.S.-China chip dispute. The company's performance is significant due to its role as a supplier to Apple Inc (NASDAQ:AAPL) and NVIDIA Corp (NASDAQ:NVDA).

Portfolio Pulse from Benzinga Neuro

January 18, 2024 | 7:38 am

BTCUSD

Jim Cramer, host of CNBC's 'Mad Money', has cautioned investors about the new spot Bitcoin ETPs approved by the SEC, echoing JPMorgan CEO Jamie Dimon's 'caveat emptor' stance. He emphasized the need for investors to be well-informed, noting the discrepancy between the funds invested in these ETPs and the rise in Bitcoin's price. Cramer also highlighted SEC Chair Gary Gensler's skepticism and warnings about the risks of crypto assets, despite the SEC's approval of Bitcoin ETPs.

Portfolio Pulse from Mehab Qureshi

January 18, 2024 | 7:25 am

TALO

Talos Energy has priced an upsized underwritten public offering of 30 million shares of common stock, aiming to raise $351 million. The offering is set to close on January 22, 2024. The proceeds are intended to partially fund the acquisition of QuarterNorth Energy Inc. If the acquisition does not occur, the funds will be used for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 7:18 am

VRDN

Viridian Therapeutics has announced a public offering of 7,142,858 common shares at $21 per share, with an additional option for underwriters to purchase up to 1,071,428 shares. The offering is expected to close on January 22, 2024. The proceeds will be used for clinical development programs, working capital, and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 7:14 am

LUXH

LuxUrban Hotels (LUXH) has responded to a short seller report issued on January 17, 2024, which the company claims contains mischaracterizations and speculative allegations. LuxUrban criticizes the report for its lack of understanding of the company's operations and industry, use of unsubstantiated claims, and reliance on outdated information. The company suggests that the report's purpose is to manipulate its stock price for the short seller's gain.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 7:02 am

NIO

TSLA

China's top auto makers convened in Beijing to discuss the future of the New Energy Vehicle (NEV) market and global expansion. Despite a 5.6% increase in auto sales in 2023, early 2024 shows signs of a slowdown, with companies like Li Auto and Nio offering discounts. Tesla also reduced prices in China, which has been met with disapproval from Beijing. The meeting underscores the importance of NEV growth and international market penetration for China's auto industry.

Portfolio Pulse from Benzinga Neuro

January 18, 2024 | 6:54 am

GOOG

GOOGL

Google CEO Sundar Pichai has informed employees in a leaked memo that more job cuts are expected in 2024 to invest in big priorities and achieve ambitious goals. The company has already laid off over a thousand employees since January 10, and while the upcoming cuts are not as extensive as the 12,000 job cuts from last year, they will continue to impact various departments, including non-hardware teams.

Portfolio Pulse from Benzinga Neuro

January 18, 2024 | 6:48 am