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AAPL

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Apple Inc (NASDAQ:AAPL) stock hit a new 52-week high at $199.62 on Dec. 14, closing at $198.11. The stock has risen 58.40% this year, with technical indicators like the Golden Cross suggesting a short-term bullish trend. However, the RSI is nearing overbought territory, signaling potential near-term correction. Apple's App Store revenue, a significant part of its earnings, faces risks due to antitrust rulings and investigations, as highlighted by Epic Games' recent win against Google. Apple's P/E ratio is higher than the sector median and its peers, including Dell Technologies Inc (NYSE:DELL), HP Inc (NYSE:HPQ), and Hewlett Packard Enterprise Co (NYSE:HPE).

Portfolio Pulse from Surbhi Jain

December 15, 2023 | 1:35 pm

FSLR

First Solar, Inc. (FSLR) shares have risen following an initiation of coverage by Jefferies with a Buy rating and a price target of $211.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 1:34 pm

WNW

Meiwu Technology Company Limited (NASDAQ: WNW) announced a 1-for-35 reverse share split effective December 20, 2023. Post-split, shares are expected to trade at 35 times the pre-split price, but the company cannot guarantee that the post-split price will reflect the reverse split ratio or remain above the pre-split price. The reverse split will reduce the outstanding shares from approximately 100.67 million to about 2.88 million without changing the number of authorized shares. Stock options and restricted shares will be adjusted accordingly, and fractional shares will be rounded up. New certificates will be issued by TranShare.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 1:32 pm

APD

Air Products & Chemicals (NYSE:APD) has seen a 6.58% increase in short interest since its last report, with 1.80 million shares sold short, representing 0.81% of available shares. The short interest is lower than the peer group average of 2.87%. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop.

Portfolio Pulse from Benzinga Insights

December 15, 2023 | 1:30 pm

KEYS

Keysight Technologies (NYSE:KEYS) has seen a 13.71% decrease in short interest since its last report, with 2.29 million shares sold short, representing 1.7% of its float. The average time to cover these short positions is 1.31 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Compared to its peers, KEYS has a lower short interest as a percentage of float, with the peer group average at 6.36%.

Portfolio Pulse from Benzinga Insights

December 15, 2023 | 1:30 pm

APTV

Aptiv (NYSE:APTV) has seen a 19.71% increase in short interest since its last report, with 4.13 million shares sold short, representing 1.64% of available shares. The short interest is below the peer group average of 7.82%. While high short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop.

Portfolio Pulse from Benzinga Insights

December 15, 2023 | 1:30 pm

GFS

B of A Securities analyst Vivek Arya has downgraded GLOBALFOUNDRIES (NASDAQ:GFS) from Buy to Neutral and reduced the price target from $70 to $65.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 1:25 pm

CLVR

KHRNF

PCLOF

Colombia's Senate has postponed the consideration of a bill to legalize marijuana, despite the measure having previously advanced through the Chamber of Representatives and a Senate committee. President Gustavo Petro criticized the Senate's decision, stating it would benefit illegal drug trade and increase violence. If the reform is to be pursued, the legislative process must restart next year. Cannabis companies like Clever Leaves Holdings Inc. (CLVR), PharmaCielo Ltd. (PCLOF), and Khiron Life Sciences Corp. (KHRNF) could benefit from such policy changes. The article also promotes Benzinga PotProfits, a service for cannabis stock investment opportunities.

Portfolio Pulse from Jelena Martinovic

December 15, 2023 | 1:21 pm

NSA

National Storage Affiliates Trust (NYSE:NSA) announced a Q4 2023 dividend of $0.56 per share, with an annual payment of $2.24. To earn $500 monthly from NSA stock, an investment of $89,020 is required, equating to 2,704 shares based on early December 2023 prices. The article explains how to calculate the required investment based on dividend yield and provides an example of how the yield changes with stock price fluctuations. External factors like inflation and revenue decline may impact dividend payments.

Portfolio Pulse from judithnwadigo@gmail.com

December 15, 2023 | 1:21 pm

STLD

Steel Dynamics expects Q4 2023 profitability from steel operations to be lower than Q3 results, despite solid steel order activity.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 1:20 pm