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BRKR

Bruker Corporation's stock is trading lower following the announcement of its acquisition of Nion, a specialized electron microscopy company.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 3:25 pm

PSTG

TDCX

TDCX Inc. shares surged 28% after receiving a preliminary non-binding acquisition offer from its CEO for $6.60/share. The company formed a special committee to consider the proposal. Other stocks like Dyne Therapeutics, Voyager Therapeutics, and Pure Storage also saw gains, with Pure Storage set to join the S&P MidCap 400.

Portfolio Pulse from Avi Kapoor

January 03, 2024 | 3:24 pm

WBA

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) is expected to report lower Q1 earnings for fiscal 2024, with estimates at 63 cents per share compared to $1.16 a year ago. Revenue is projected at $34.86 billion. The company is reconsidering the sale or separation of its U.K. chain, Boots. WBA shares rose 2.1% to $26.65. Analysts have revised their ratings and price targets, with JP Morgan upgrading WBA to Overweight and a $30 target, while others maintain Hold or Neutral with lower targets.

Portfolio Pulse from Avi Kapoor

January 03, 2024 | 3:21 pm

CHS

PDCO

PSTG

Shares of Pure Storage Inc (NASDAQ:PSTG) are rising after the announcement that the company will join the S&P MidCap 400, replacing Patterson Companies Inc. Patterson will move to the S&P SmallCap 600, taking the place of Chico's FAS Inc, which is being acquired by Sycamore Partners. The market capitalization adjustment and acquisition are prompting these index changes, which will be effective before the market opens on Friday. At the time of publication, PSTG shares had increased by 4.98% to $36.56.

Portfolio Pulse from Adam Eckert

January 03, 2024 | 3:18 pm

SIDU

Sidus Space Inc (NASDAQ:SIDU) shares surged after receiving a Tier 1 remote sensing license from NOAA, allowing Panchromatic and Shortwave Infrared imaging with its upcoming LizzieSat satellites. The satellites will provide valuable data for various applications, including monitoring marine traffic and environmental conditions. LizzieSat is set to launch in March 2024 on SpaceX's Transporter-10 mission. SIDU's stock price jumped 59.79% to $11.14.

Portfolio Pulse from Shivani Kumaresan

January 03, 2024 | 3:17 pm

MGA

Magna International's stock (MGA) trades lower following a downgrade by Goldman Sachs from Buy to Neutral and a reduction in the price target from $73 to $58.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 3:17 pm

BTDR

CAN

CDE

COIN

MSTR

RIOT

WULF

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 3:17 pm

SOFI

SoFi Technologies Inc (NASDAQ:SOFI) stock is declining after an analyst downgrade from Keefe, Bruyette & Woods. Analyst Michael Perito downgraded SoFi from Market Perform to Underperform and reduced the price target from $7.50 to $6.50. The downgrade is based on updated 2024 revenue and EBITDA expectations, which are below Street estimates, and concerns over profitability. Despite the stock's 40% rise since the last earnings report, the downgrade reflects potential downside risks. SoFi is expected to report quarterly earnings at the end of January with anticipated flat earnings on revenue of $571.779 million.

Portfolio Pulse from Adam Eckert

January 03, 2024 | 3:06 pm

CLVR

Clever Leaves Holdings Inc. (NASDAQ:CLVR) has received Australian GMP certification for its Colombian facilities from the TGA, allowing it to manufacture cannabis products for the Australian medical marijuana market. This certification is crucial for ensuring product quality and safety, and it represents a significant milestone for the company. Despite this positive development, CLVR shares traded slightly lower at $2.06 per share in the pre-market session on Wednesday.

Portfolio Pulse from Jelena Martinovic

January 03, 2024 | 3:04 pm

DOTUSD

Polkadot's (CRYPTO: DOT) price has decreased by 12.07% in the last 24 hours, reaching $7.49, with a weekly decline of 17.0% from $8.97. The volatility is depicted by Bollinger Bands in the provided chart. Trading volume has decreased by 1.0% over the past week, while the circulating supply has increased by 0.27% to 1.31 billion. Polkadot's market cap is currently ranked #12 at $9.85 billion.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 3:03 pm