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AUR

DV

MARA

WULF

Four tech stocks with high Relative Strength Index (RSI) values, indicating potential overbought conditions, are Marathon Digital Holdings, Inc. (MARA), TeraWulf Inc. (WULF), DoubleVerify Holdings, Inc. (DV), and Aurora Innovation, Inc. (AUR). MARA recently acquired two Bitcoin mining sites, WULF announced production updates, DV announced a secondary offering, and AUR posted a Q3 loss. All stocks have seen significant price increases over the past month.

Portfolio Pulse from Avi Kapoor

December 22, 2023 | 1:32 pm

ASA

FLO

OXY

Warren E. Buffett, a 10% owner of Occidental Petroleum, purchased 5,182,615 shares at an average price of $60.22, totaling approximately $312.09 million. Flowers Foods' CFO Steve Kinsey acquired 1,780 shares at an average price of $22.46. Boaz Weinstein, a 10% owner of ASA Gold and Precious Metals, bought 223,381 shares at an average price of $15.94. These insider trades suggest confidence in the companies' prospects.

Portfolio Pulse from Avi Kapoor

December 22, 2023 | 1:32 pm

CVX

HES

Chevron Corporation's (NYSE:CVX) stock closed slightly higher despite a drop in crude oil prices. The company is progressing towards a $53 billion all-stock deal to acquire Hess (NYSE:HES), expected to close in early 2024. The FTC has requested additional information regarding the merger. UBS analyst Josh Silverstein maintains a Buy rating on Chevron but lowered the price target from $194 to $185. Chevron's Q3 total revenues exceeded consensus, and its dividend yield stands at 4.01%. The article also explains how investors can earn monthly income from Chevron's dividends based on the current yield.

Portfolio Pulse from Avi Kapoor

December 22, 2023 | 1:31 pm

GPS

Wells Fargo analyst Ike Boruchow has maintained an Overweight rating on Gap Inc. (NYSE:GPS) and increased the price target from $20 to $24.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 1:31 pm

BTCUSD

ETHUSD

The global cryptocurrency market has grown significantly in 2023, with 42 countries advancing crypto regulations, including Europe's MiCA legislation. Goldman Sachs highlighted the increasing institutionalization of the crypto market, with CME leading in Bitcoin futures by open interest. The SEC was active in regulating the crypto industry, despite losing a case against Ripple over XRP. The crypto market looks forward to the 2024 Bitcoin halving event and potential SEC approval of spot Bitcoin ETFs. Bitcoin and Ethereum surged by 18% and 12%, respectively, while other cryptocurrencies like Avalanche, Cardano, and Polkadot also saw significant gains. DeFiLlama data shows a notable increase in the total value locked on various blockchain platforms.

Portfolio Pulse from Khyathi Dalal

December 22, 2023 | 1:25 pm

NKE

RKLB

RMCO

Royalty Management Holding Corporation (RMCO) and American Resources Corporation's investment in Advanced Magnetic Labs, Inc. has led to the commercial manufacturing of permanent magnets, causing RMCO shares to surge by 201%. Rocket Lab (RKLB) shares jumped 24% after announcing a $515 million contract with a U.S. government customer to design, manufacture, deliver, and operate 18 space vehicles. Nike (NKE) shares fell by 12% following mixed Q2 financial results and the announcement of a plan to identify up to $2 billion in cost savings.

Portfolio Pulse from ryanfaloona@benzinga.com

December 22, 2023 | 1:23 pm

SIG

Wells Fargo analyst Ike Boruchow has maintained an Overweight rating on Signet Jewelers (NYSE:SIG) and increased the price target from $110 to $120.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 1:20 pm

ROST

Wells Fargo analyst Ike Boruchow has maintained an Overweight rating on Ross Stores (NASDAQ:ROST) and increased the price target from $140 to $150.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 1:19 pm

RL

Wells Fargo analyst Ike Boruchow has maintained an Equal-Weight rating on Ralph Lauren (NYSE:RL) and increased the price target from $120 to $140.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 1:18 pm

LEVI

Wells Fargo analyst Ike Boruchow has maintained an Overweight rating on Levi Strauss (NYSE:LEVI) and increased the price target from $15 to $19.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 1:13 pm