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BITF

BTBT

COIN

MARA

WULF

Shares of crypto-related companies are up due to an increase in Bitcoin's price.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 5:57 pm

BYDDY

TSLA

VWAGY

Toyota Motor (NYSE:TM) is expected to maintain its position as the world's best-selling automaker, outperforming Volkswagen AG (OTC:VWAGY). Meanwhile, BYD Company Limited (OTC:BYDDY) is projected to surpass Tesla Inc (NASDAQ:TSLA) as the leading EV seller. Toyota's sales rose 12% YoY in November, with a significant increase in China. BYD's growth signifies China's rising dominance in the EV market. Tesla faces challenges with its Cybertruck and reported lower than expected Q3 deliveries. Tesla plans a Model Y revamp in Shanghai for mid-2024 production, but BYD is likely to outsell Tesla in the current quarter.

Portfolio Pulse from Upwallstreet

December 27, 2023 | 5:47 pm

AZN

BMY

FUSN

LLY

Fusion Pharmaceuticals Inc (FUSN) is highlighted as a key player in the targeted radiopharmaceutical therapy (TRT) space by Oppenheimer, especially after recent acquisitions by Bristol Myers Squibb & Co (BMY) and Eli Lilly And Co (LLY). Fusion's partnership with AstraZeneca Plc (AZN) on advancing targeted radiotherapies and a profit-sharing agreement could position AstraZeneca for future acquisitions. Raymond James upgraded Fusion's stock from Outperform to Strong Buy with a price target of $15.

Portfolio Pulse from Vandana Singh

December 27, 2023 | 5:42 pm

HIPO

HRTG

HUIZ

JRVR

KINS

MBI

MHLD

MRAI

OXBR

RELI

ROOT

TIRX

In Wednesday's intraday session, several insurance stocks experienced movement. Gainers included Reliance Global Group (RELI), Huize Holding (HUIZ), Hippo Holdings (HIPO), Marpai (MRAI), James River Gr Hldgs (JRVR), and Heritage Insurance Hldgs (HRTG), with increases ranging from 2.95% to 7.02%. Losers were Tian Ruixiang Holdings (TIRX), Kingstone Companies (KINS), MBIA (MBI), Oxbridge Re Holdings (OXBR), Root (ROOT), and Maiden Hldgs (MHLD), with declines between 3.09% and 4.56%. All stocks traded at 0% of their average full-day volume over the last 100 days.

Portfolio Pulse from Benzinga Insights

December 27, 2023 | 5:40 pm

MLGO

MicroAlgo, Inc. (NASDAQ:MLGO) announced its new quantum shield distributed ledger technology (QSDLT) aimed at securing Bitcoin and other cryptocurrencies against quantum computer threats. The QSDLT uses advanced cryptographic algorithms to protect transactions and user identities, and it also reduces the cost of Bitcoin transactions. Despite this announcement, MLGO shares dropped 28.3% to $0.81. Additionally, MicroAlgo recently unveiled a Bitcoin trading prediction algorithm that employs machine learning and technical indicators.

Portfolio Pulse from Nabaparna Bhattacharya

December 27, 2023 | 5:38 pm

AAPL

AMZN

BBY

COST

MASI

WMT

A U.S. appeals court has temporarily halted the import ban on certain Apple Inc smartwatches amid a patent dispute with Masimo Corporation. The ban, which was due to Apple's alleged theft of pulse oximetry technology, affects Apple Watches with blood-oxygen level reading technology. Apple has paused sales of its Series 9 and Ultra 2 smartwatches in the U.S., but they are still available through retailers like Amazon, Best Buy, Costco, and Walmart. The Apple Watch SE is not affected by the ban. Legal battles continue, with a mistrial in California and a separate lawsuit filed by Apple in Delaware. Apple's stock saw a slight decline of 0.18% to $192.70.

Portfolio Pulse from Vandana Singh

December 27, 2023 | 5:37 pm

GMBL

GMBLP

VLCN

VNCE

In Wednesday's intraday session, several consumer discretionary stocks experienced significant movements. Esports Entertainment's preferred shares (GMBLP) surged 52.2% to $3.06, while Vince Holding (VNCE) rose 30.7% to $2.98. Dogness (DOGZ) increased by 25% to $5.0, and Mynd.ai (MYND) went up by 17.17% to $5.52. Jiuzi Holdings (JZXN) and Fitell (FTEL) also saw gains. Conversely, Volcon (VLCN) dropped 19.9% to $0.11, Golden Heaven Group Holdings (GDHG) fell 16.96% to $0.77, and Esports Entertainment's common shares (GMBL) declined 14.33% to $4.21. GreenTree Hospitality Group (GHG), SRM Entertainment (SRM), and Polished.com (POL) also experienced losses.

Portfolio Pulse from Benzinga Insights

December 27, 2023 | 5:31 pm

BACK

CING

CYTK

FWBI

IOVA

Health care stocks experienced significant movement in Wednesday's intraday session. Cytokinetics (CYTK) led the gainers with a 73.6% increase, while IMAC Holdings (BACK) led the losers with a 25% decrease. Other notable movers included Cingulate (CING), First Wave BioPharma (FWBI), Palatin Techs (PTN), Coherus BioSciences (CHRS), and Bone Biologics (BBLG) on the gainers' side, and Bluejay Diagnostics (BJDX), Iovance Biotherapeutics (IOVA), Atreca (BCEL), SCWorx (WORX), and Novo Integrated Sciences (NVOS) among the losers.

Portfolio Pulse from Benzinga Insights

December 27, 2023 | 5:31 pm

AMPX

BLNK

ELWS

HYLN

NCL

SCWO

During Wednesday's intraday session, several industrial stocks experienced significant movements. Earlyworks Co (ELWS) saw a 30.7% increase, while Amprius Technologies (AMPX) rose by 22.82%. 374Water (SCWO) and Wheels Up Experience (UP) also saw upward movements of 21.73% and 20.95%, respectively. Conversely, Northann (NCL), Hyliion Holdings (HYLN), and Blink Charging (BLNK) were among the losers, with declines of 14.2%, 14.17%, and 11.53%, respectively.

Portfolio Pulse from Benzinga Insights

December 27, 2023 | 5:31 pm

ARBB

BTCS

BTDR

COMSP

EBIX

GREE

MFH

MLGO

OBLG

SAI

SVRE

UUU

In Wednesday's intraday session, several IT stocks experienced significant movements. Greenidge Generation Holdings (GREE) led the gainers with a 28.1% increase, while MicroAlgo (MLGO) saw the largest decline among the losers, dropping 27.7%. Other notable gainers include Saverone 2014 (SVRE), SAI.TECH Global (SAI), Bitdeer Technologies (BTDR), BTCS (BTCS), and Mercurity Fintech Holding (MFH). On the losing side, ComSovereign Holding (COMSP), Ebix (EBIX), Universal Security (UUU), ARB IOT Group (ARBB), and Oblong (OBLG) also saw their share prices fall.

Portfolio Pulse from Benzinga Insights

December 27, 2023 | 5:31 pm