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WGO

Winnebago Industries, Inc. (NYSE:WGO) is expected to report Q1 fiscal 2024 earnings of $1.17 per share, down from $2.07 per share a year ago, with revenue estimated at $723.82 million versus $857.38 million. The board approved a dividend of 31 cents per share. Shares rose 2.4% to $74.83. Analysts have revised price targets: BMO Capital to $80, Roth MKM to $58, Citigroup to $73, Truist Securities to $74, and Northcoast Research downgraded the stock to Neutral.

Portfolio Pulse from Avi Kapoor

December 20, 2023 | 6:49 am

SMAP

Infrared Cameras Inc. has completed a business combination with Sportsmap Tech Acquisition and is applying for a Nasdaq listing under the ticker symbol 'MSAI'.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 6:48 am

AAPL

MASI

Masimo Corp. CEO Joe Kiani is open to settling the patent infringement dispute with Apple Inc. over the Apple Watch Ultra 2 and Series 9, but Apple has not initiated settlement talks. The ITC ruled that Apple Watch violated two Masimo patents, leading to a potential import ban on these models effective Dec. 25, though third-party resellers can continue sales. Apple plans to appeal the ruling and is preparing for the ban by removing affected devices from its stores starting Christmas Eve. The White House is monitoring the situation, and Apple's suspension of smartwatch sales could cost up to $400 million.

Portfolio Pulse from Ananya Gairola

December 20, 2023 | 6:34 am

AAPL

MASI

Masimo Corp. CEO Joe Kiani is open to settling the patent infringement dispute with Apple Inc. over the Apple Watch Ultra 2 and Series 9, but Apple has not initiated settlement talks. The ITC ruled that Apple Watch violated two Masimo patents, leading to a potential import ban on these models effective Dec. 25, though third-party resellers are exempt. Apple plans to appeal the ruling and is preparing for the ban by removing affected devices from its stores starting Christmas Eve. The White House is monitoring the situation, and Apple's suspension of smartwatch sales could cost up to $400 million.

Portfolio Pulse from Ananya Gairola

December 20, 2023 | 6:33 am

BBJP

DXJ

EWJ

Japan's year-on-year exports for November decreased by 0.2%, falling short of the estimated 1.5% increase and the previous month's 1.6% rise. This indicates a contraction in Japan's export growth, which could have implications for Japan-focused ETFs such as BBJP, DXJ, and EWJ.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 5:45 am

BTCUSD

GLXY

Galaxy Digital CEO Mike Novogratz criticized Senator Elizabeth Warren for her stance on cryptocurrencies, labeling her a 'disingenuous know-it-all.' Novogratz's comments follow Warren's support for the Digital Asset Anti-Money Laundering Act, which aims to align digital assets with anti-money laundering frameworks. Novogratz also expressed optimism about the SEC approving Bitcoin ETFs before January 10, 2024, which he believes will be a catalyst for a bullish Bitcoin run.

Portfolio Pulse from Mehab Qureshi

December 20, 2023 | 4:58 am

BTCUSD

A dormant Bitcoin wallet containing 2,101 BTC, worth approximately $88.55 million, became active after nearly a decade of inactivity. The Bitcoins were originally accumulated on February 17, 2015, and were valued at $510,543 at that time. The recent movement of these Bitcoins coincides with a significant surge in Bitcoin's value, which has increased by over 160% in 2023, partly due to optimism surrounding a potential Bitcoin spot ETF. Another whale transaction occurred last week, involving the transfer of 5,500 BTC worth $234 million. Bitcoin is currently trading at $42,439, experiencing a 1.60% decrease over the last 24 hours.

Portfolio Pulse from Mehab Qureshi

December 20, 2023 | 4:40 am

COIN

HOOD

PATH

ZM

Ark Invest, led by Cathie Wood, sold shares of Coinbase Global Inc (COIN) and Robinhood Markets Inc (HOOD) amid crypto market volatility. The sales were conducted through ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Fintech Innovation ETF (ARKF). The firm also bought shares of Zoom Video Communications (ZM) and reduced holdings in UiPath Inc (PATH). These trades reflect Ark's strategy to adapt to market trends, especially in the tech and crypto sectors.

Portfolio Pulse from Benzinga Neuro

December 20, 2023 | 4:33 am

TM

Toyota's subsidiary Daihatsu is extending production halts due to an expanding safety test manipulation scandal, affecting more models than previously reported. Daihatsu will report findings to the Japanese transport ministry and hold a press conference on future production plans.

Portfolio Pulse from Anan Ashraf

December 20, 2023 | 4:14 am

BLK

MSTR

Michael Saylor, executive chair of MicroStrategy Inc., remains bullish on the company's Bitcoin investment strategy despite the potential approval of Bitcoin ETFs in the U.S. He believes MicroStrategy's approach of using 'intelligent' borrowing to invest in Bitcoin will maintain its competitive edge. The SEC's expected approval of Bitcoin spot ETFs, following discussions with BlackRock Inc. about its proposed rule, has generated optimism for multiple ETF approvals by January 2024. Grayscale Investments sees a spot Bitcoin ETF as a key to unlocking significant advised wealth into the Bitcoin market.

Portfolio Pulse from Benzinga Neuro

December 20, 2023 | 4:09 am