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FANG

Over the past decade, Diamondback Energy (NASDAQ:FANG) has delivered an average annual return of 11.54%, outperforming the market. A $100 investment in FANG 10 years ago would now be worth $297.74. The company's current market capitalization stands at $27.76 billion.

Portfolio Pulse from Benzinga Insights

December 19, 2023 | 3:32 pm

BNTX

CVAC

PFE

CureVac N.V's stock plummeted after a German court invalidated a patent central to its lawsuit against BioNTech SE over mRNA COVID-19 vaccine intellectual property rights. The ruling is the first in ongoing litigation involving eight CureVac rights. The decision may delay a separate infringement ruling scheduled for December 2023. CureVac's financial status could transform if awarded a fraction of vaccine revenues. Legal proceedings in the U.S. are also ongoing, with a likely 2024 trial date. Acuitas Therapeutics has also sued CureVac. CVAC shares dropped 33.9%, while BNTX rose 2.69%.

Portfolio Pulse from Vandana Singh

December 19, 2023 | 3:31 pm

FCEL

XOM

FuelCell Energy Inc (FCEL) reported a 43% year-over-year decline in Q4 FY23 revenue to $22.46 million, missing consensus estimates. EPS loss improved to $(0.07), beating estimates. Gross and operating losses narrowed, and adjusted EBITDA loss improved. The company's backlog decreased by 5.7% YoY. FCEL began commercial operations of a hydrogen tri-generation platform in Long Beach, and Exxon Mobil Corporation (XOM) plans to build a pilot plant using FCEL's technology. FCEL shares dropped by 5.22%.

Portfolio Pulse from Akanksha Bakshi

December 19, 2023 | 3:26 pm

AAPL

AMZN

GLD

GOOG

META

MSFT

NVDA

QQQ

SLV

SMH

SPY

TSLA

USO

The article discusses the current state of the stock market, highlighting the strong performance of semiconductors as shown by the VanEck Semiconductor ETF (SMH) and the importance of market mechanics that have been driving the market higher, which are expected to end by December 29, 2023. It suggests that investors may need to take steps such as raising hedges, cash, and taking profits before the year ends. The article also notes strong housing starts, positive early trade money flows in major tech stocks and ETFs, and buying activity in gold and oil by the momo crowd. The Arora Report, known for its accurate market calls, suggests maintaining good long-term positions while holding cash or Treasury bills and adjusting hedge levels.

Portfolio Pulse from The Arora Report

December 19, 2023 | 3:23 pm

RSP

SPY

TLT

VOO

U.S. ETFs have reached a new milestone with assets under management surpassing $8 trillion. The growth is attributed to a strong stock market performance and investor inflows. The SPDR S&P 500 ETF Trust (SPY), Vanguard S&P 500 ETF (VOO), and Invesco S&P 500 Equal Weight ETF (RSP) experienced significant inflows in December. Bond ETFs like the iShares 20 Year Treasury Bond ETF (TLT) also saw substantial inflows. The top 10 U.S. ETFs each hold over $100 billion in assets, with SPY being the largest globally.

Portfolio Pulse from Piero Cingari

December 19, 2023 | 3:23 pm

LGCB

Linkage Global, identified by the ticker LGCB, has opened its shares for trade as part of its initial public offering (IPO).

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 3:21 pm

ARRY

BLUE

CVAC

DEC

IVVD

LYFT

QURE

SFWL

TFFP

VTNR

U.S. stocks traded higher, but several companies saw their shares fall. bluebird bio announced a $150 million public offering, causing its stock to drop 14.2%. CureVac shares plummeted 35.7% after a German Federal Patent Court decision. Other stocks that moved lower include Shengfeng Development, Invivyd, Diversified Energy, Vertex Energy, uniQure, TFF Pharmaceuticals, Lyft, and Array Technologies, with various factors such as downgrades and clinical trial updates influencing their declines.

Portfolio Pulse from Avi Kapoor

December 19, 2023 | 3:19 pm

WFG

RBC Capital analyst Paul Quinn has maintained an Outperform rating on West Fraser Timber (NYSE:WFG) but has reduced the price target from $95 to $90.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 3:18 pm

DHI

D.R. Horton (NYSE:DHI) has seen a 9.26% increase in short interest since its last report, with 6.78 million shares sold short, representing 3.54% of its float. It would take about 3.55 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, D.R. Horton has less short interest compared to its peer group average of 6.07%. The rise in short interest doesn't necessarily predict a stock price fall.

Portfolio Pulse from Benzinga Insights

December 19, 2023 | 3:15 pm

MNST

Monster Beverage (NYSE:MNST) has seen a 9.0% decrease in short interest since its last report, with 12.49 million shares sold short, representing 1.92% of its float. The average time to cover these short positions is 1.95 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Compared to its peers, Monster Beverage has a lower short interest as a percentage of float, with the peer group average at 7.21%.

Portfolio Pulse from Benzinga Insights

December 19, 2023 | 3:15 pm