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AGR

PNM

Avangrid (AGR) has terminated its merger agreement with PNM Resources due to the failure to receive all final regulatory approvals by the deadline of December 31, 2023. The merger, initially aimed to bring benefits to PNM consumers and aid New Mexico's clean energy goals, was hindered by the New Mexico Public Regulation Commission's denial. With the termination, a commitment letter from Iberdrola for funding the merger also ended. Avangrid reaffirms its 2023 EPS and Adjusted EPS guidance, excluding the impact of Renewables transactions.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 6:18 am

BTCUSD

DOGEUSD

ETHUSD

Bitcoin surpassed $45,000 on the first day of 2024, marking the first time since April 2022 that it has reached this level, with a 5.7% increase over 24 hours. Ethereum and Dogecoin also experienced gains, though Dogecoin later saw a decline. The surge is attributed to the anticipation of spot Bitcoin ETF approvals, with 14 asset managers awaiting SEC decisions. Financial experts predict Bitcoin could reach between $60,000 and $100,000 in 2024. Meanwhile, stock futures remained flat, and a market pullback is considered healthy by some analysts. Cryptocurrency trader Michaël van de Poppe and Bitcoin maximalist Max Keiser expressed optimism for 2024, citing ETF approvals and regulatory frameworks as positive drivers.

Portfolio Pulse from Shivdeep Dhaliwal

January 02, 2024 | 3:06 am

AAPL

GOOG

MSFT

NVDA

PLTR

Wedbush analyst Dan Ives predicts a 25% increase in tech stocks for 2024, with the NASDAQ potentially reaching 20,000 points. This bullish outlook is based on underestimation of AI monetization among enterprises. The NASDAQ 100's strong performance in 2023, with a 54% year-to-date increase and tech giants like Apple, Microsoft, and Alphabet poised for growth, supports this view. Semiconductor and AI stocks like Nvidia and Palantir have seen even larger gains. If Ives' forecast holds, the NASDAQ will need to rise another 33% from its 2023 closing level.

Portfolio Pulse from Benzinga Neuro

January 02, 2024 | 2:00 am

ASML

The Dutch government has partially revoked ASML's license for shipping NXT:2050i and NXT2100i lithography systems to a few customers in China. ASML does not anticipate this revocation or recent U.S. export control restrictions to materially affect its financial outlook for 2023.

Portfolio Pulse from Charles Gross

January 01, 2024 | 11:24 pm

ATUS

CSSE

DRCT

KRKR

LQR

MSGM

NCMI

NXPL

NXTP

SURG

VSME

In Monday's after-market session, several communication services stocks experienced significant movements. Gainers included VS Media Holdings, Surgepays, 36KR Holdings, TuanChe, Direct Digital Holdings, and National CineMedia, with increases ranging from 4.83% to 11.1%. Conversely, NextPlay Technologies, NextPlat, Chicken Soup for the Soul, Motorsport Games, Altice USA, and LQR House saw their stock prices decline between 5.36% and 8.7%.

Portfolio Pulse from Benzinga Insights

January 01, 2024 | 9:31 pm

CORT

HLTH

NGM

SXTC

In Monday's after-market session, several healthcare stocks experienced significant movements. NGM Biopharmaceuticals, Cue Health, Homology Medicines, Cue Biopharma, Cadrenal Therapeutics, and Biophytis saw their shares rise, with NGM leading the gainers. Conversely, Corcept Therapeutics, China SXT Pharmaceuticals, LumiraDx, Aditxt, Fresh2 Group, and Qilian Intl Hldg Gr faced declines, with Corcept Therapeutics experiencing the largest drop.

Portfolio Pulse from Benzinga Insights

January 01, 2024 | 9:30 pm

ATIF

ATXG

EFSH

ELWS

ESGL

GWAV

IPDN

JTAI

JYD

LASE

SIF

SNTG

In Monday's after-market session, several industrial stocks experienced significant movements. Addentax Group (ATXG) led the gainers with a 12.1% increase, while Sentage Holdings (SNTG) saw the largest decline among the losers, dropping 30.6%. Other notable movers included ATIF Holdings (ATIF), 1847 Holdings (EFSH), Jet AI (JTAI), Greenwave Tech Solns (GWAV), Jayud Global Logistics (JYD), Professional Diversity (IPDN), ESGL Holdings (ESGL), Earlyworks Co (ELWS), Laser Photonics (LASE), and SIFCO Industries (SIF).

Portfolio Pulse from Benzinga Insights

January 01, 2024 | 9:30 pm

ALPP

ASTI

CETXP

CISO

CTM

DATS

IFBD

KERN

LIDR

OBLG

SGN

SOBR

In Monday's after-market session, several information technology stocks experienced significant movements. Gainers included Signing Day Sports (SGN) with a 61.1% increase, Cemtrex (CETXP) up by 22.22%, Sobr Safe (SOBR) rising 9.38%, AEye (LIDR) up by 6.11%, Ascent Solar Technologies (ASTI) with a 5.81% rise, and CISO Global (CISO) up by 5.51%. On the losing side, Alpine 4 Holdings (ALPP) dropped 22.5%, Oblong (OBLG) fell by 17.88%, Infobird Co (IFBD) declined by 16.04%, Castellum (CTM) was down 12.76%, DatChat (DATS) fell 11.85%, and Akerna (KERN) decreased by 7.78%.

Portfolio Pulse from Benzinga Insights

January 01, 2024 | 9:30 pm

CGC

CRBP

GRWG

OGI

TLRY

VFF

XXII

YCBD

The article reports on significant price movements in marijuana stocks on January 1, 2024. Notable gainers include Cann Gr, Item 9 Labs, cbdMD, and others with increases ranging from 4.62% to 68.33%. Conversely, several companies experienced declines, with GrowLife leading the losers, dropping 66.67%. Other notable losers include Khiron Life Sciences, MJ Holdings, and OrganiGram Holdings, with decreases ranging from 3.10% to 25.00%. The article was produced by Benzinga's automated content engine.

Portfolio Pulse from Benzinga Insights

January 01, 2024 | 9:30 pm

ATAI

CMPS

CYBN

GHRS

MNMD

The article reports on the performance of psychedelic stocks from January 1, 2024. Cybin (CYBN) saw a gain, while ATAI Life Sciences (ATAI), Mind Medicine (MNMD), Compass Pathways (CMPS), and GH Research (GHRS) experienced losses.

Portfolio Pulse from Benzinga Insights

January 01, 2024 | 9:30 pm