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Bitcoin and Ethereum have fallen below their key levels of $43,000 and $2,300 respectively. The global crypto market cap has decreased by 0.4% to $1.66 trillion. Axie Infinity (AXS) and Celestia (TIA) are among the top losers, while Sei (SEI) is the top gainer over the past 24 hours.

Portfolio Pulse from Avi Kapoor

December 26, 2023 | 2:31 pm

HDB

Over the past 10 years, HDFC Bank (NYSE:HDB) has yielded an average annual return of 14.58%, outperforming the market. A $1000 investment in HDB a decade ago would now be worth $3,860.55. HDFC Bank's market cap stands at $169.56 billion, highlighting the significant growth and the impact of compounded returns over time.

Portfolio Pulse from Benzinga Insights

December 26, 2023 | 2:30 pm

Over the past 15 years, Brookfield (NYSE:BN) has produced an average annual return of 14.16%, outperforming the market by 2.46% on an annualized basis. With a current market capitalization of $62.09 billion, a $1000 investment in BN 15 years ago would be worth $7,603.72 today. The article highlights the impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

December 26, 2023 | 2:30 pm

AULT

Ault Alliance, Inc. (AMEX:AULT) projects FY24 gross consolidated revenue of $230M-$240M, driven by growth at Sentinum, Inc., including data center operations and Bitcoin mining. The company has cleared its $38.5M senior secured debt and plans to start operations at a new Montana data center in January 2024, which will house 20 megawatts of initial capacity. This move aims to enhance profitability and cash flow by transitioning Bitcoin mining operations in-house. Ault Alliance's crane rental business, Circle 8 Crane Services, also contributes to the revenue forecast. AULT shares rose 8.92% premarket to $0.089.

Portfolio Pulse from Nabaparna Bhattacharya

December 26, 2023 | 2:29 pm

ANGH

Anghami reported a preliminary 17% year-over-year increase in subscribers for Q3 2023, reaching a total of 1.73 million subscribers.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 2:26 pm

AEP

PNM

American Electric Power Co Inc (AEP) and PNM Resources Inc (PNM) have agreed to sell approximately 50% of their stakes in New Mexico Renewable Development, LLC (NMRD) to Exus North America Holdings, LLC for $230 million. The portfolio consists of 15 solar projects totaling 625 megawatts. AEP's portion of the sale is about $115 million, and it anticipates netting approximately $104 million after taxes and fees. The transaction is expected to close in February 2024 and is not anticipated to materially impact financial results. The sale aligns with AEP's strategy to focus on core regulated operations and de-risk the company. The proceeds will help strengthen AEP's balance sheet and support efforts to provide safe, reliable, and affordable electricity. The sale is pending regulatory approvals.

Portfolio Pulse from Lekha Gupta

December 26, 2023 | 2:23 pm

HOLI

Hollysys Automation Technologies Ltd (NASDAQ:HOLI) received an increased acquisition offer from a consortium led by Dazheng Group Acquisition Limited, raising the bid to $29.00 per share, or approximately $1.8 billion in cash. This offer is a 55.5% premium over HOLI's August 23, 2023, closing price and a 40.8% premium over the November 3, 2023, closing price. It also represents a 9.4% increase from the consortium's previous offer and Ascendent's competing offer. The consortium aims to finalize a merger agreement with HOLI by January 22, 2024. HOLI shares rose 6.19% to $27.10 after the announcement.

Portfolio Pulse from Lekha Gupta

December 26, 2023 | 2:20 pm

AAPL

AMZN

ASIA

BTCUSD

CORN

FINE

MARA

MSFT

TSLA

WISE

Swaggy Stocks has listed the top 10 trending stocks on WallStreetBets as of December 26, 2023. The stocks include MARA, AAPL, CORN, TSLA, FINE, ASIA, MSFT, AMZN, BTCUSD, and WISE.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 2:18 pm

SNPS

Synopsys Inc. (NASDAQ:SNPS) saw a 1.61% increase in its share price to $532.89 in the current market session. Despite a 1.99% drop over the past month, the stock has risen by 69.01% over the past year. The P/E ratio is a key focus, with Synopsys having a lower P/E than the Software industry average, suggesting it could be undervalued or expected to perform worse than its peers. Investors are advised to consider the P/E ratio alongside other financial metrics and qualitative analysis for investment decisions.

Portfolio Pulse from Benzinga Insights

December 26, 2023 | 2:15 pm

WORX

SCWorx Corp. (WORX) shares have risen following the announcement of a definitive merger agreement with American Environmental Partners.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 2:13 pm