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ARKW

PLTR

Palantir Technologies, Inc. (NYSE:PLTR) stock has declined over 17% in the past month despite being up 150% over the past year. The company extended its partnership with the U.S. Army, with a contract valued at $115.04 million. Ark Invest, led by Cathie Wood, traded shares of Palantir, buying 1,578,738 shares and selling 101,921 shares through ARKW. Palantir's stock is currently trading above its 50-day moving average but below its 52-week high.

Portfolio Pulse from Erica Kollmann

January 02, 2024 | 4:18 pm

LVS

MGM

WYNN

Shares of Las Vegas Sands Corp (LVS), MGM Resorts International (MGM), and Wynn Resorts Ltd (WYNN) rose after a report showed a 433% year-over-year increase in Macau's gaming revenue for December. The revenue reached $2.3 billion, 81.3% of pre-Covid levels, with a 12% increase in average minimum bets from 2019. This indicates the gaming industry's resilience despite China's economic slowdown and suggests tourists prioritize gaming over luxury purchases.

Portfolio Pulse from Adam Eckert

January 02, 2024 | 4:16 pm

ADTX

Aditxt, Inc. (ADTX) announced a private placement of 1,237,114 shares at $4.85/share, with accompanying warrants exercisable at $4.60/share. The placement is expected to close on January 3, 2024, with gross proceeds of $6 million. The funds are intended for working capital and general corporate purposes. Certain existing warrants will be amended to have a reduced exercise price of $4.60/share.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 4:15 pm

WD

Wedbush analyst Henry Coffey has maintained an Outperform rating on Walker & Dunlop (NYSE:WD) and increased the price target from $110 to $130, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 4:13 pm

AOSL

Alpha and Omega Semiconductor (AOSL) shares are up following an upgrade from B. Riley Securities, which changed its rating from Neutral to Buy and increased the price target from $28 to $34.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 4:11 pm

ALID

BBRRF

Blueberries Medical Corp. (OTC:BBRRF) announced a non-brokered private placement of 180,716,00 common shares at $0.0083 per share, raising approximately $1.99 million. The proceeds will repay debt and support general corporate purposes. The offering was led by Terraflos Inc., with plans to expand into Argentina, Mexico, and Brazil. Blueberries also has a joint venture with Allied Corp. (OTCQB:ALID) for the production of cannabis derivatives. Post-announcement, BBRRF shares rose 12.7451% to $0.0138.

Portfolio Pulse from Jelena Martinovic

January 02, 2024 | 4:10 pm

FIX

Comfort Systems USA, Inc (NYSE:FIX) has agreed to acquire Summit Industrial Construction, LLC, with the transaction expected to close in Q1 2024. The acquisition is anticipated to contribute annualized revenues of $360M to $400M and EBITDA of $30M to $45M. Comfort Systems CEO Brian Lane sees Summit as a key platform for expanding off-site solutions for advanced technology and heavy industrial customers. As of Sept. 30, 2023, Comfort Systems had $137.6M in cash and equivalents. FIX shares closed down 0.38% at $205.67 on Friday.

Portfolio Pulse from Shivani Kumaresan

January 02, 2024 | 4:09 pm

PFSI

Wedbush analyst Henry Coffey has maintained an Outperform rating on PennyMac Financial Services (PFSI) and increased the price target from $85 to $105.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 4:09 pm

AMD

ASML

NVDA

SOXX

U.S. semiconductor stocks have experienced a significant drop, with the top 25 U.S.-traded semiconductor companies losing nearly $100 billion in market value. This decline is attributed to escalating U.S.-China trade tensions, particularly after the White House directed a European chipmaker to halt shipments to China. Companies like NVIDIA and AMD saw declines of 4% and over 5%, respectively. ASML Holdings complied with the U.S. directive, causing its shares to fall by 4.3%. Despite this, ASML does not expect a significant impact on its 2023 financial outlook. The sector had a strong performance in 2023, but faces challenges at the start of 2024.

Portfolio Pulse from Piero Cingari

January 02, 2024 | 4:09 pm

LLAP

Terran Orbital's stock is up following the announcement of a payment received from Rivada Space Networks and the expectation to report over $70 million in cash and cash equivalents by the end of 2023.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 4:08 pm