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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

BCLI

Brainstorm Cell Therapeutics' stock is up following the announcement of granted patents for its Allogeneic Exosome Platform-Product, aimed at treating neurological disorders.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 2:07 pm

AAPL

MASI

The Biden Administration has upheld a U.S. trade tribunal's decision to ban imports of certain Apple Watch models. Apple has responded by filing an appeal to the U.S. Appeals Court to overturn the import ban.

Portfolio Pulse from Happy Mohamed

December 26, 2023 | 2:06 pm

AMD

INTC

NVDA

QQQ

SPY

SSNLF

TSM

Nvidia Corp (NVDA) is outperforming peers AMD and INTC, with expected FY23 revenue of $58.86 billion, a 118% increase year-on-year. However, production delays at key suppliers TSMC (TSM) and Samsung (SSNLF) in their Arizona and Texas plants may impact Nvidia. These plants may be delayed until after the 2024 U.S. presidential election. Additionally, a U.S. Department of Commerce survey in 2024 on legacy chip sourcing could pose risks for Nvidia's China market. Chinese companies are also developing AI products to circumvent U.S. technology embargoes. NVDA stock has gained over 241% year-to-date, outpacing gains by AMD, INTC, SPY, and QQQ.

Portfolio Pulse from Anusuya Lahiri

December 26, 2023 | 2:04 pm

AMD

INTC

NVDA

Nvidia Corp (NASDAQ:NVDA) has seen its stock more than triple in 2023, reaching $488.30 from $143.15. The company's market cap is now $1.2 trillion, with increased earnings and revenue. Nvidia's success is linked to high demand for its graphics cards used in AI training. Technical indicators are bullish, with the 50-day SMA crossing over the 100-day SMA. However, Nvidia's forward P/E of 39.70, while lower than peers AMD and Intel, is still high, and a bearish divergence in the OBV indicator suggests potential consolidation. Nvidia's 2024 guidance is optimistic, with expected growth in data center GPU shipments.

Portfolio Pulse from Surbhi Jain

December 26, 2023 | 2:02 pm

PSA

Public Storage (NYSE:PSA) has delivered an average annual return of 10.04% over the past 20 years, outperforming the market by 2.52% annually. A $1000 investment in PSA 20 years ago would be worth $6,771.14 today. The company's market capitalization stands at $52.39 billion.

Portfolio Pulse from Benzinga Insights

December 26, 2023 | 2:00 pm

AXP

Over the past 15 years, American Express (NYSE:AXP) has produced an average annual return of 16.59%, outperforming the market by 4.9% on an annualized basis. A $1000 investment in AXP 15 years ago would be worth $10,308.33 today. American Express currently has a market capitalization of $135.22 billion.

Portfolio Pulse from Benzinga Insights

December 26, 2023 | 2:00 pm