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AAPL

NVDA

Huawei Technologies Co. saw a 9% increase in revenue in 2023, nearing $100 billion, driven by its smartphone sector and 5G equipment sales. A significant development was the launch of a smartphone with a 7-nanometer Kirin processor, challenging Apple Inc. and U.S. sanctions. Huawei's Mate 60 Pro is taking market share from Apple's iPhone 15. Nvidia Corp acknowledged Huawei as a competitor in the AI chip market, with Baidu Inc. switching from Nvidia to Huawei's AI chips due to U.S. tech export restrictions.

Portfolio Pulse from Benzinga Neuro

December 29, 2023 | 5:09 am

AMC

GME

TLT

Equity strategist Richard Kneller from Stifel observes that the bond market is influencing the equities market, behaving erratically like meme stocks. This has led to a rally in the S&P 500 and Nasdaq due to a significant drop in yields over the past two months. The bond market's fluctuations are in response to anticipated Federal Reserve policies and new inflation data. Speculation about the Fed's rate cuts varies, with some expecting up to six cuts. Vance Howard of Howard Capital Management predicts long-term bonds could outperform the S&P 500 in 2024, having invested in the iShares 20+ Year Treasury Bond ETF. Bank of America projects the S&P 500 to reach 5,000 points by the end of 2024.

Portfolio Pulse from Benzinga Neuro

December 29, 2023 | 1:54 am

AVTX

Trading on AVTX has been halted at 7:50:00 p.m. ET due to pending news. The halt is in place to manage market orderliness and investor protection pending the release of material news.

Portfolio Pulse from Benzinga Newsdesk

December 29, 2023 | 12:50 am

VS

Trading on the stock VS has been halted at 7:50:00 p.m. ET due to pending news. The halt is in place to manage market orderliness and ensure fair information dissemination.

Portfolio Pulse from Benzinga Newsdesk

December 29, 2023 | 12:50 am

VSSYW

Trading for VSSYW has been halted at 7:50:00 p.m. ET due to pending news. The halt is in place to manage market orderliness and investor protection pending the release of material information.

Portfolio Pulse from Benzinga Newsdesk

December 29, 2023 | 12:50 am

DWAC

SPY

The Maine Secretary of State has ruled that former President Donald Trump is ineligible to appear on the 2024 ballot. This decision could have implications for Trump's political future and may influence investor sentiment regarding related assets.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 11:59 pm

AAPL

MSFT

NVDA

U.S. Congressman Pete Sessions purchased one share of NVIDIA Corporation (NASDAQ:NVDA) at $456 on Dec. 6, disclosed on Dec. 26. This follows his pattern of small stock purchases, particularly in tech and consumer staples. Sessions has sold stocks like Apple Inc (NASDAQ:AAPL) and Microsoft Corp (NASDAQ:MSFT) recently, while buying U.S. Treasury Bills and Nvidia shares throughout 2023. His actions are notable given his position on committees that could influence the chip sector, and the purchases may indicate a positive outlook for Nvidia despite its significant year-to-date increase.

Portfolio Pulse from Chris Katje

December 28, 2023 | 11:40 pm

ALRM

Alarm.com Holdings, Inc. (NASDAQ:ALRM) shares rose in after-hours trading following the announcement of a resolution to its litigation with Vivint, which includes a long-term intellectual property license agreement. The stock has seen over a 20% increase since early November, partly due to strong third-quarter earnings. After-hours, ALRM shares were up 1.98% at $64.46.

Portfolio Pulse from Ryan Gustafson

December 28, 2023 | 11:29 pm

GFI

Gold Fields Limited (NYSE:GFI) shares fell sharply by over 10.5% on Thursday after a period of price consolidation. The stock had previously benefited from positive sector trends due to Middle East tensions, a rise in gold and silver prices following a drop in the U.S. dollar from October CPI data, and the Fed's decision to leave rates unchanged in December. However, the recent downturn marks a significant pullback for the company's shares.

Portfolio Pulse from Ryan Gustafson

December 28, 2023 | 11:26 pm

BNBUSD

SOLUSD

Solana (CRYPTO: SOL) has experienced an 8% price drop, falling below $100 after a recent rally. The decline is attributed to profit booking by traders and a decrease in Total Value Locked (TVL) within the Solana ecosystem. A significant whale transaction and liquidation of leveraged long positions have also contributed to the price drop. Meanwhile, Binance Coin (CRYPTO: BNB) has seen a 19.9% increase over the past week and a 3.7% rise in the past 24 hours, reclaiming its position as the fourth-ranked crypto token.

Portfolio Pulse from Khyathi Dalal

December 28, 2023 | 11:20 pm