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DOOR

PGTI

PGT Innovations, Inc. (PGTI) has received an unsolicited acquisition proposal from Miter Brands for $41.50 per share in cash. This offer comes after PGT Innovations agreed to be acquired by Masonite International Corp. (DOOR) for $41.00 per share in cash and stock. PGT Innovations' Board will review the new proposal to determine if it constitutes a superior offer. Shareholders are advised to take no action while the Board reviews the proposal. Evercore is the financial advisor and Davis Polk & Wardwell LLP is the legal counsel for PGT Innovations.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 8:55 pm

QCOM

Qualcomm Inc (NASDAQ:QCOM) shares fell by 3.6% amid a broader decline in semiconductor and chip stocks, influenced by rising Treasury yields and the Netherlands' decision to block exports of some lithography systems to China. This decision, which affects ASML Holding, aligns with U.S. export limits and has contributed to the sector's pullback after gains earlier in 2023.

Portfolio Pulse from Henry Khederian

January 02, 2024 | 8:54 pm

LRCX

Lam Research Corporation (NASDAQ:LRCX) shares dropped by 5.2% to $742.94 amid a broader decline in semiconductor and chip stocks, influenced by rising Treasury yields and a decision by the Netherlands to block the export of some lithography systems to China. This decision, affecting ASML Holding, aligns with previous U.S. export restrictions and has contributed to the sector's pullback after gains earlier in 2023. LRCX's 52-week trading range is between $407.27 and $801.29.

Portfolio Pulse from Henry Khederian

January 02, 2024 | 8:53 pm

AMD

AMZN

HUMA

KRUZ

META

MNST

MSFT

NANC

NVDA

SPY

TSLA

A report by Unusual Whales reveals that 115 members of Congress disclosed stock transactions in 2023, with about a third outperforming the S&P 500. The average gains were 31.18% for Democrats and 17.99% for Republicans, compared to the S&P 500's 24.8%. The report also highlights potential conflicts of interest related to committee positions and trading activities. Notable trades include those by Josh Gottheimer in Meta Platforms and NVIDIA, and Nancy Pelosi's scrutinized Nvidia options trades. Unusual Whales launched two ETFs, NANC and KRUZ, tracking Democratic and Republican trading activities in Congress.

Portfolio Pulse from Chris Katje

January 02, 2024 | 8:51 pm

ALTR

ANSS

Software stocks are trading lower due to an increase in Treasury yields and general market weakness. This trend is affecting a broad range of software companies across the market.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 8:38 pm

AVDX

GLBE

KVYO

MNDY

NCNO

SNOW

WDAY

WEAV

Piper Sandler analyst Brent A. Bracelin has made several rating changes for tech stocks, showing optimism for application software in 2024. NCNO and WEAV were upgraded to Overweight, AVDX was downgraded to Neutral, and U and BL were downgraded to Underweight. The analyst's top picks for 2024 include WDAY, SNOW, MNDY, KVYO, and GLBE, focusing on cloud recovery, data renaissance, and AI. WDAY, MNDY, and KVYO are highlighted for their value, while SNOW and GLBE are recommended for growth investors.

Portfolio Pulse from Anusuya Lahiri

January 02, 2024 | 8:36 pm

ECL

Ecolab's (NYSE:ECL) short interest has decreased by 15.0% since the last report, with 1.69 million shares sold short, representing 0.68% of available shares. The average time to cover these short positions is 1.25 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Ecolab has a lower short interest compared to its peer group average of 4.64%.

Portfolio Pulse from Benzinga Insights

January 02, 2024 | 8:30 pm

FIS

Fidelity National Info (NYSE:FIS) has seen a 12.75% increase in short interest since the last report, with 9.92 million shares sold short, representing 1.68% of available shares. The short interest is below the peer group average of 6.00%. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop.

Portfolio Pulse from Benzinga Insights

January 02, 2024 | 8:30 pm

CMCSA

Comcast Corporation's (NYSE:CMCSA) short interest has increased by 6.45% since the last report, with 52.47 million shares sold short, representing 1.32% of available shares. It would take about 2.15 days to cover all short positions based on current trading volume. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Compared to its peers, Comcast has a lower short interest as a percentage of float, with the peer group average at 9.87%.

Portfolio Pulse from Benzinga Insights

January 02, 2024 | 8:30 pm

AER

AMPX

AXON

CPRT

EFX

ISUN

JOBY

KITT

LNZA

NXU

PWR

RCRT

RELX

RTO

SATL

SIDU

SNTG

VRT

WATT

Industrial company stocks are down due to an increase in Treasury yields and general market weakness.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 8:29 pm