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GOF

Guggenheim Strategic Opportunities Fund (NYSE:GOF) announced a monthly dividend of 18.21 cents per share, with the ex-dividend date set for Thursday. Shareholders owning the stock by the end of Wednesday are eligible for the dividend, which will be paid on January 31, 2024. The stock is expected to open lower by the dividend amount on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

January 08, 2024 | 2:45 pm

AAPL

Apple Inc (NASDAQ:AAPL) shares are trading higher after announcing the release date for its new Vision Pro headset. Pre-orders begin on January 19, with availability in U.S. stores starting February 2. The device is priced at $3,499, with additional accessories available for purchase. CEO Tim Cook touted the device as a revolutionary step in spatial computing. However, Apple faces challenges with a 30% drop in iPhone sales in China during the first week of 2024 and a 3% decline in 2023, attributed to competition from local manufacturers like Huawei.

Portfolio Pulse from Adam Eckert

January 08, 2024 | 2:44 pm

CYH

MEIP

SCYX

VYGR

XCUR

Benzinga Insights has identified several healthcare sector value stocks based on low P/E ratios. These include Exicure (XCUR), Voyager Therapeutics (VYGR), MEI Pharma (MEIP), SCYNEXIS (SCYX), and Community Health Systems (CYH). The article provides recent earnings per share (EPS) data for these companies, noting changes from previous quarters. While value stocks offer potential for growth, there is a risk they may not rebound.

Portfolio Pulse from Benzinga Insights

January 08, 2024 | 2:44 pm

SAR

B. Riley Securities analyst Bryce Rowe has downgraded Saratoga Investment (NYSE:SAR) from Buy to Neutral and set a price target of $28.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 2:43 pm

ONON

Traders are speculating on the potential partnership between Tiger Woods and On Holding AG (ONON) after SportsBusinessRadio hinted at Woods parting ways with Nike and possibly signing with On Running. No official confirmation has been made.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 2:43 pm

HUT

Hut 8 Corp (NASDAQ:HUT) received court approval for its stalking horse bid transaction to acquire four natural gas power plants, including the North Bay Bitcoin mine. The transaction includes a 40 MW Bitcoin mining facility and a new secured funding arrangement with Macquarie owning approximately 20% of BidCo post-transaction. Crypto-related stocks are up as optimism grows for spot Bitcoin ETF approval, with Grayscale amending its ETF application and setting a fee at 1.5%. Hut 8 shares were slightly up by 0.08% at $11.91.

Portfolio Pulse from Adam Eckert

January 08, 2024 | 2:42 pm

GCO

Genesco Inc. reported disappointing comparable sales and has reduced its fiscal year 2024 outlook, leading to a decline in its stock price.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 2:40 pm

AIRC

FPH

RMR

SEVN

The article provides an overview of notable value stocks in the real estate sector, focusing on their price-to-earnings (P/E) ratios and recent financial performance. Ready Capital, Seven Hills Realty Trust, Five Point Holdings, RMR Group, and Apartment Income REIT are highlighted for their low P/E ratios, suggesting they may be undervalued. The article includes details on earnings per share (EPS) and dividend yields, noting changes from previous quarters.

Portfolio Pulse from Benzinga Insights

January 08, 2024 | 2:39 pm

SMMT

Summit Therapeutics Inc. (NASDAQ:SMMT) presented updated Phase II data for ivonescimab at the 42nd Annual J.P. Morgan Healthcare Conference. The data showed promising results in patients with non-small cell lung cancer (NSCLC), including a 24-month overall survival rate of 64.8% in first-line squamous NSCLC patients and a median overall survival of 22.5 months in second or third line EGFRm NSCLC patients. Summit is advancing ivonescimab into two global Phase III clinical trials and expects catalyst events in Q2 2024 for two randomized Phase III trials conducted by Akeso in China. Summit reported a preliminary unaudited balance of cash and investments of no less than $186 million as of December 31, 2023.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 2:36 pm

BTCUSD

ETHUSD

IOTAUSD

STXUSD

Bitcoin (BTC) surpassed the $45,000 mark, while Ethereum (ETH) traded above $2,200. Stacks (STX) was the top gainer with a 10.1% increase, and IOTA (IOTA) was the biggest loser, dropping 12%. The global crypto market cap reached $1.66 trillion, a 0.7% increase. Other notable gainers include Axelar (AXL), Internet Computer (ICP), Injective (INJ), and Toncoin (TON). Losers included GMT, Helium (HNT), Celestia (TIA), and Sui (SUI).

Portfolio Pulse from Avi Kapoor

January 08, 2024 | 2:35 pm