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BNZI

DZSI

IMUX

Immunic, Inc. (IMUX) announced a private placement of up to $240M, causing its stock to surge by 54%. DZS Inc. (DZSI) revealed securing $25M in funding and a definitive agreement to sell its Asia business to DASAN Networks Inc. for $48M, leading to a 35% increase in its stock price. Banzai (BNZI) disclosed the execution of an LOI to acquire the lead generation platform IGLeads, resulting in a 44% jump in its stock.

Portfolio Pulse from ryanfaloona@benzinga.com

January 05, 2024 | 1:53 pm

MARA

Marathon Digital Holdings, Inc. (NASDAQ:MARA) reported a record production of 1,853 Bitcoin in December 2023, a 56% increase from November and a 290% surge year-over-year. The company's hash rate increased by 4% month-over-month, with plans to reach 50 exahashes in the next 18-24 months. Marathon's international expansion, including operations in Abu Dhabi and Paraguay, contributed to this growth. Transaction fees accounted for 22% of total Bitcoin production. As of December 31, Marathon held 15,174 unrestricted BTC and $356.8 million in cash and equivalents, with plans to sell portions of its Bitcoin holdings to cover operating expenses.

Portfolio Pulse from Murtuza Merchant

January 05, 2024 | 1:53 pm

TGI

Barclays analyst Kannan Venkateshwar has upgraded Triumph Group (NYSE:TGI) from Equal-Weight to Overweight and set a price target of $20.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 1:53 pm

CTRA

KLG

KMX

LAD

MTDR

PLTR

RYZB

WFC

Jim Cramer discussed various stocks on his show 'Mad Money', favoring Kellanova (K) over WK Kellogg Co (KLG) after their split. He prefers CarMax (KMX) and Lithia Motors (LAD) in the auto sector, and Wells Fargo (WFC) over Citigroup (C). He doesn't recommend tobacco stocks like Altria Group (MO) and is positive on General Electric (GE) for their aerospace work, preferring them over Boeing (BA). Cramer sees the opportunity in Palantir Technologies (PLTR) after a good quarter, is not optimistic about RayzeBio (RYZB), and likes Matador Resources (MTDR) but prefers Coterra Energy (CTRA).

Portfolio Pulse from Avi Kapoor

January 05, 2024 | 1:51 pm

BABA

PDD

Alibaba Group Holding Ltd (BABA) has reduced its stake in GoGoX Holdings from 12.23% to 8.89% over two months, making Yao Jinbo the largest shareholder. This move comes as Alibaba prepares for the IPO of Cainiao Smart Logistics Network. GoGoX, despite its expansion in Asia, has lost over 90% of its market value since its Hong Kong debut in June 2022 and expects continued losses in 2023. Alibaba is also facing challenges such as regulatory crackdowns and competition from PDD Holdings Inc (PDD), which has outperformed Alibaba's stock. Additionally, Alibaba's subsidiary Lazada laid off staff in Singapore as part of ongoing leadership changes.

Portfolio Pulse from Anusuya Lahiri

January 05, 2024 | 1:51 pm

IBTX

Raymond James analyst Michael Rose has upgraded Independent Bank Gr (NASDAQ:IBTX) from Market Perform to Outperform and set a price target of $56.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 1:49 pm

OZK

Raymond James analyst Michael Rose has upgraded Bank OZK (NASDAQ:OZK) from Market Perform to Outperform and set a price target of $58.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 1:48 pm

DIS

IVV

SPY

VOO

Disney (NYSE:DIS) has underperformed in 2023 with only a 1.5% rise compared to the S&P 500's 25% gain. With CEO Bob Iger's turnaround plan, including a dividend reinstatement and investments in streaming and theme parks, Disney is showing signs of a potential recovery. A Golden Cross in the stock's chart and a bullish analyst rating from Rosenblatt Securities suggest optimism for 2024. Disney's stock trades 23% below its 52-week high, presenting an opportunity for investors as the company focuses on growth and profitability.

Portfolio Pulse from Surbhi Jain

January 05, 2024 | 1:46 pm

FCST

FreeCast Inc has announced that registered shareholders are reselling up to 9.1 million shares of common stock. The resale involves existing shares and will not provide FreeCast with any additional capital, as the company is not selling any new shares itself.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 1:44 pm

IJR

NFLX

QCOM

WCN

On CNBC's 'Halftime Report Final Trades,' experts provided their final trade picks. Shannon Saccocia chose iShares Core S&P Small-Cap ETF (IJR), Joshua Brown selected Netflix (NFLX), Jim Lebenthal picked QUALCOMM (QCOM), and Karen Firestone opted for Waste Connections (WCN). NFLX closed higher at $474.67, up 0.94%, and reported better-than-expected Q3 results with a 7.8% revenue increase. QUALCOMM announced the Snapdragon XR2+ Gen 2 Platform. Stifel maintained a Buy rating on WCN with a raised price target. IJR fell 0.2%, NFLX gained 0.9%, QCOM lost 1%, and WCN rose by 0.01% in Thursday's session.

Portfolio Pulse from Avi Kapoor

January 05, 2024 | 1:43 pm