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NIO

NIO Inc (NYSE:NIO) shares are rising after reports of new strategic battery swap agreements with Anhui Province Energy Group, Anhui Transportation Holding Group, and others. These agreements aim to build a shared energy storage, charging, and battery swap system, including 1,000 charging and battery swap stations. Nio also plans to start constructing a new shared battery swap network this year, following the unveiling of its fourth-generation battery swap stations at its Nio Day event.

Portfolio Pulse from Adam Eckert

January 11, 2024 | 2:35 pm

AXP

Over the past 15 years, American Express (NYSE:AXP) has produced an average annual return of 17.2%, outperforming the market by 5.03% on an annualized basis. A $1000 investment in AXP 15 years ago would be worth $10,624.71 today. The company currently has a market capitalization of $134.10 billion.

Portfolio Pulse from Benzinga Insights

January 11, 2024 | 2:30 pm

CDW

Over the past 10 years, CDW (NASDAQ:CDW) has produced an average annual return of 24.58%, outperforming the market. A $100 investment in CDW a decade ago would be worth $899.84 today. CDW's market cap stands at $29.51 billion.

Portfolio Pulse from Benzinga Insights

January 11, 2024 | 2:30 pm

CMND

Clearmind Medicine Inc. (CMND) has announced a registered direct and private placement offering to raise approximately $2.4 million. The offering includes the sale of 1,500,000 Common Units or Pre-Funded Units, each comprising one Common Share or Pre-Funded Warrant, and one PIPE Common Warrant, with an exercise price of $1.60. The proceeds are intended for general corporate purposes and working capital. Aegis Capital Corp. is the Exclusive Placement Agent, and various legal firms are providing counsel. The offering is not available to Canadians and is expected to close around January 16, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 2:29 pm

BNED

Craig-Hallum analyst Alex Fuhrman has downgraded Barnes & Noble Education (BNED) from Buy to Hold and reduced the price target from $3 to $1.25.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 2:27 pm

BITF

COIN

MSTR

RIOT

Crypto-related stocks are trading higher following the SEC's approval of spot Bitcoin ETFs. This regulatory milestone is seen as a positive development for the industry, potentially increasing investor confidence and participation in the cryptocurrency market.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 2:26 pm

LPX

TD Cowen analyst Sean Steuart downgraded Louisiana-Pacific (NYSE:LPX) from Buy to Hold and set a price target of $75. This reflects a change in the firm's outlook on the stock, suggesting a more neutral stance.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 2:25 pm

PFE

The FDA is collaborating with French drugmaker Laboratoires Delbert to import 3.5 million units of Extencilline, an unapproved syphilis treatment, due to a shortage of Pfizer's Bicillin. Pfizer has been facing supply issues since mid-last year and is taking measures to address the shortage, including adding manufacturing shifts and reducing production time. The shortage is expected to last until June. Pfizer encourages customers with difficulties obtaining Bicillin to contact them for emergency needs. Syphilis cases in the U.S. have significantly increased from 2017 to 2021.

Portfolio Pulse from Vandana Singh

January 11, 2024 | 2:24 pm

OPI

Office Properties Income Trust (NASDAQ:OPI) announced a significant reduction in its quarterly dividend from $0.55 to $0.01 per share to increase liquidity, resulting in a $47 million annual liquidity boost and a $105 million increase compared to the Q1 2023 dividend rate. This decision comes in response to deteriorating market conditions. OPI shares dropped 19.35% to $5.00 in premarket trading.

Portfolio Pulse from Nabaparna Bhattacharya

January 11, 2024 | 2:21 pm

WAB

Jefferies analyst Saree Boroditsky upgraded Westinghouse Air Brake (NYSE:WAB) from Hold to Buy and increased the price target from $115 to $150, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 2:19 pm