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ACRS

AEHR

AMRN

CMND

DCGO

KITT

U.S. stocks traded higher with the Dow Jones gaining over 100 points. Communication services shares rose by 1.1%, while energy shares fell by 1.3%. U.S. wholesale inventories declined by 0.2% in November. Clearmind Medicine Inc. (CMND) shares surged 44% after an FDA meeting. Amarin Corporation plc (AMRN) shares jumped 28% on Q4 results and a share repurchase program. Nauticus Robotics, Inc. (KITT) gained 87% after securing funding and appointing a new interim CEO. DocGo Inc. (DCGO) shares fell 35% following a negative report by Fuzzy Panda Research. Aclaris Therapeutics, Inc. (ACRS) shares dropped 24% after a Phase 2B study failed to meet the primary efficacy endpoint. Aehr Test Systems (AEHR) fell 15% after lowering its full-year revenue guidance. Crude oil fell 1.1% to $71.46, and gold slightly declined.

Portfolio Pulse from Avi Kapoor

January 10, 2024 | 7:16 pm

BTCUSD

ETHUSD

Bitcoin futures experienced volatility amid traders circulating seemingly false headlines about a Bitcoin ETF trading on CBOE. No actual ETF was mentioned, and the rumors appear to be unfounded.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 7:13 pm

DCGO

DocGo's stock is trading lower after Fuzzy Panda Research published a report indicating that they are shorting DocGo's stock.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 7:11 pm

SOLUSD

Prominent crypto analysts predict a potential short-term dip for Solana (CRYPTO: SOL), with some suggesting the $70s as a good long-term entry point. Pentoshi expects a bid opportunity between $70 to $80, while Rekt Capital warns of a breakdown if the weekly close is below the range low. Altcoin Sherpa also sees the $70 to $80 range as ideal for long-term entries, focusing on specific Fibonacci levels. Despite the potential for short-term declines, the analysts remain optimistic about Solana's future potential.

Portfolio Pulse from Murtuza Merchant

January 10, 2024 | 7:10 pm

BMWYY

BMW AG (OTC:BMWYY) announced a €650 million investment to transform its Munich plant into an e-mobility hub by the end of 2027, marking the end of combustion engine vehicles production at the site since 1952. The plant will feature a new vehicle assembly line and body shop. Currently, half of the vehicles produced there are all-electric. Engine manufacturing has moved to Great Britain and Austria. The company has also trained 1,200 employees for new production strategies or relocated them within the production network. BMWYY shares dropped by 0.39% to $36.58.

Portfolio Pulse from Shivani Kumaresan

January 10, 2024 | 7:09 pm

PARA

Investors backing Skydance Media are considering an all-cash transaction to acquire a controlling stake in Paramount Global (PARA). The deal, if successful, would have significant implications for Paramount's future operations and strategy.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 7:06 pm

S

SentinelOne (NYSE:S) has received mixed analyst ratings over the past three months, with 8 analysts providing various perspectives. The average 12-month price target has increased by 30.7% to $27.12, with a high estimate of $35.00 and a low of $20.00. Analysts from firms including Citigroup, Susquehanna, Scotiabank, TD Cowen, Raymond James, Morgan Stanley, JMP Securities, and Needham have updated their ratings and price targets, reflecting changes in market conditions and company performance. SentinelOne, a cloud-based cybersecurity company, has shown a revenue growth rate of 42.35% as of October 31, 2023, but struggles with profitability and efficiency, as indicated by its net margin of -42.83%, ROE of -4.44%, and ROA of -3.19%.

Portfolio Pulse from Benzinga Insights

January 10, 2024 | 7:01 pm

FRT

Federal Realty Investment (NYSE:FRT) has been analyzed by five analysts, with mixed sentiments ranging from indifferent to somewhat bullish. The average 12-month price target for FRT is $105.8, reflecting a 1.34% increase from the previous target. Analysts from Mizuho, Piper Sandler, Evercore ISI Group, and Wells Fargo have adjusted their ratings and price targets, indicating a dynamic perspective on the company's performance. Federal Realty Investment Trust owns a significant portfolio of retail spaces and multifamily units in major metropolitan markets, with a market capitalization above industry averages, a revenue growth rate of 4.81%, a high net margin of 19.2%, but a lower ROE of 2.02% compared to industry benchmarks.

Portfolio Pulse from Benzinga Insights

January 10, 2024 | 7:01 pm

GDRX

GoodRx Holdings Inc (NASDAQ:GDRX) reported preliminary Q4 FY23 revenue between $195 million and $197 million, surpassing consensus estimates. The company expects FY23 revenue to decline by 2% Y/Y but anticipates growth in Q1 and full year 2024. Adjusted EBITDA margin is projected at the high end of previous guidance. The stock price increased by 14.10% following the announcement.

Portfolio Pulse from Vandana Singh

January 10, 2024 | 7:00 pm

PXD

Over the past 15 years, Pioneer Natural Resources (NYSE:PXD) has produced an average annual return of 18.66%, outperforming the market. A $100 investment in PXD 15 years ago would be worth $1,272.92 today. The company's current market capitalization is $52.13 billion.

Portfolio Pulse from Benzinga Insights

January 10, 2024 | 7:00 pm