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Benzinga used Public.com&#39;s bond screener tool to identify some of the highest-yielding investment-grade corporate bonds.

AMC Entertainment Tops The List Of High-Yielding Corporate Bonds — A Look At Yields As Bond Appetites Grow

Government

Regulations

Movers

SATS

EchoStar Corp (NASDAQ: SATS) announced 

Why Is EchoStar Stock Shooting Higher Wednesday?

Analyst Color

Long Ideas

Upgrades

Price Target

Small Cap

Analyst Ratings

Trading Ideas

TMUS

Verizon Communications Analyst Turns Bullish, Expects Superior 2024 Performance Over T-Mobile, AT&amp;T

DISH Network Corp Cl A

DISH TV INDIA GDR

Dish TV India Ltd

Bond appetites are growing as more and more investors look to lock in high-yielding assets ahead of an <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37790222/fed-meeting-preview-these-2-wall-street-analysts-still-expect-3-cuts-in-2024-but-bo">expected decline in interest rates this year</a>. 
What To Know: Riskier forms of corporate debt with higher yields are becoming increasingly popular with the Federal Reserve expected to begin cutting rates later this year.
Investors are looking for opportunities to lock in current levels of high interest for years to come, and corporate bonds are one place they are looking. According to Reuters, a change in Moody&#8217;s approach to ratings last month has fueled the increased demand, especially for high-yielding bonds.
Benzinga used Public.com&#8217;s bond screener <a href="https://public.com/bonds/screener">tool</a> to identify some of the highest-yielding investment-grade corporate bonds with maximum liquidity. Here&#8217;s a look at the results:
<ul>
<li>Stanley Black &amp; Decker Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SWK#NYSE">SWK</a>): 16.04% yield</li>
</ul>
<ul>
<li>Teledyne Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDY#NYSE">TDY</a>): 14.37% yield</li>
</ul>
<ul>
<li>Truist Financial Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TFC#NYSE">TFC</a>): 11.7% yield</li>
</ul>
<ul>
<li>Quest Diagnostics Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DGX#NYSE">DGX</a>): 11.64% yield</li>
</ul>
<ul>
<li>Amphenol Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APH#NYSE">APH</a>): 11.03% yield</li>
</ul>
<ul>
<li>Enstar Group Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESGR#NASDAQ">ESGR</a>): 8.42% yield</li>
</ul>
<ul>
<li>Duke Energy Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DUK#NYSE">DUK</a>): 8.3% yield</li>
</ul>
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37790222/fed-meeting-preview-these-2-wall-street-analysts-still-expect-3-cuts-in-2024-but-bo">Fed Meeting Preview: These 2 Wall Street Analysts Still Expect 3 Cuts In 2024, But Bond Market Reflects Growing Uncertainty</a>
Here&#8217;s a look at some of the highest-yielding speculative-grade corporate bonds:
<ul>
<li>AMC Entertainment Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>) 33.59% yield</li>
</ul>
<ul>
<li>Hughes Satellite Systems Corp: 32.3% yield</li>
</ul>
<ul>
<li>DISH Network Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DISH#NASDAQ">DISH</a>): 29.59% yield</li>
</ul>
<ul>
<li>Office Properties Income Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPI#NASDAQ">OPI</a>): 28.99% yield</li>
</ul>
Higher-yielding bonds offer higher interest rates because they have a much higher risk of default. Corporate bonds are also riskier than U.S. Treasury bonds because they are not backed by the government.
When a company with a higher estimated default risk issues bonds, it usually does so with higher rates to try to attract investors who may be considering government bonds or lower-rate corporate bonds with investment-grade credit ratings.
Check This Out: <a href="https://www.google.com/search?client=safari&amp;rls=en&amp;q=corporate+bonds+benzinga&amp;ie=UTF-8&amp;oe=UTF-8">How to Buy Corporate Bonds: A Step-By-Step Guide</a>
Photo: Funtap from Shutterstock.

The Buxton Helmsley Group, Inc. (together with certain of its affiliates, "BHG" or "we"), the New York City-based investment fund manager with financial interests in EchoStar Corporation ("EchoStar" or the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SATS#NASDAQ">SATS</a>), today issued an open letter (the "Letter") to the Company's Board of Directors, largely relating to the Company and its recent merger with DISH Network Corp. ("DISH"). Within the Letter, BHG discusses apparent pre-merger material misstatements of financial position occurring at DISH (apparent, undisclosed asset value depreciation expenses, in apparent violation of GAAP ASC 350/360 and Regulation S-X), and apparent fraudulent conveyances occurring after the Company was privately notified by BHG (on December 27, 2023) as to findings of evidenced net asset insolvency at DISH.
BHG had given the Company an opportunity to privately respond, if it had any substantive defense to these findings, and the Company issued no response.
The Letter issued by BHG to the Company today, in addition to the instances of private correspondence leading up to this Letter, may be found at: <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.buxtonhelmsley.com%2Fsats%2F&amp;esheet=53884391&amp;newsitemid=20240118988144&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.buxtonhelmsley.com%2Fsats%2F&amp;index=1&amp;md5=bd450cd0f886c7291009bbde14820675">https://www.buxtonhelmsley.com/sats/</a>
About Buxton Helmsley: The Buxton Helmsley Group, Inc. is a New York City-based investment advisory firm and fund manager, engaging both active and passive investment strategies across a range of asset classes, with a general focus on opportunities in North America and Europe. The investment approach is based on deep fundamental analysis and risk management, with a focus on ensuring disclosure obligations being upheld under applicable accounting standards and securities laws.
Disclosure and Disclaimer:
This press release and the attached public letter (the "Letter") has been published by The Buxton Helmsley Group, Inc. ("BHG"). BHG is a registered investment advisor in the United States (particularly, registered with the State of New York).
This Letter is for informational purposes only and is not an offer or solicitation to buy or sell any investment product. BHG is also not proposing any particular investment proposal, nor a particular investment decision, nor recommending or suggesting an investment strategy, explicitly or implicitly, concerning EchoStar Corporation or DISH Network Corporation (each, an "Issuer", and together, the "Issuers"), and therefore the Letter is not information recommending or suggesting an investment strategy or investment recommendation.
Our research expresses our opinions, which we have based on publicly available information, research, inferences, and deductions through our due diligence and analytical processes.
Our research and this Letter include forward-looking statements, estimates, projections, and opinions prepared with respect to, among other things, certain accounting, legal, and regulatory issues each Issuer faces and the potential impact of those issues on its future business, financial condition and results of operations, as well as more generally, the Issuer's anticipated operating performance, access to capital markets, market conditions, assets, and liabilities. Such statements, estimates, projections and opinions may prove to be substantially inaccurate and are inherently subject to significant risks and uncertainties beyond BHG's (and its affiliates and related parties) control. No representation is made (or warranty given) as to the accuracy, completeness, achievability, or reasonableness of such statements of opinion.
BHG believes all information contained within the Letter is accurate and reliable, and has been obtained from public sources it believes to be accurate and reliable. However, such information is presented "as is," without warranty of any kind, whether express or implied. BHG and its affiliates make no representation, express or implied, as to the accuracy, timeliness, or completeness of any such information or regarding the results to be obtained from its use. All expressions of opinion are subject to change without notice, and BHG is not obligated to update or supplement this Letter or any other letters, or any of the information, analysis, and opinions contained in them. BHG makes no representation, express or implied, as to the accuracy, completeness, achievability, reasonableness, and timeliness of any such information, or statements regarding the results to be obtained from its use.
Readers of the Letter consent to perform their own research and due diligence before making any investment decision with respect to the securities covered herein. Readers of the Letter also represent to BHG that they possess sufficient investment sophistication to critically assess the information, analysis, and opinions in the Letter.
Readers of the Letter agree to release BHG and its affiliates and related parties from any and all liability for any direct or indirect trading losses caused by acting on any information in the Letter. Affiliated and related parties of BHG include, but are not limited to, partners, principals, officers, directors, employees, members, clients, investors, advisors, consultants, and agents. In no event shall BHG or its affiliates and related persons be liable for any claims, losses, costs, or damages of any kind, including direct, indirect, punitive, exemplary, incidental, special, or consequential damages, arising out of or in any way connected with the contents of the Letter. Readers further agree that they will not communicate the contents of the Letter to any other person unless that person has consented to be bound by these same terms.
BHG, based on the contents of the Letter, believes certain securities of the Issuers are materially overvalued by the open market compared to their true, intrinsic value; that is, in addition to the belief that certain securities of the Issuers are more likely than not worthless. Given those beliefs, at the time of this Report being publicly released, BHG, its affiliates, and/or related persons (possibly along with or through its members, partners, affiliates, employees, and/or consultants) held a short interest in securities of the Issuers, whether through direct short sales, options, swaps, over-the-counter derivatives, or any other derivative securities.
BHG, its affiliates and/or related persons may take additional positions in the Issuers (long and/or short) at a future date, and disclaim any obligation to provide a public notification as to any such transactions, except to the extent required by law.
For U.S. recipients: The Letter is being distributed in the U.S. in compliance with the Investment Advisors Act of 1940. The information in the Letter is intended solely for the use of institutional investors, and may not be used or relied upon by any other person for any purpose. Such information is provided for informational purposes only and does not constitute a solicitation to buy or an offer to sell any securities under any U.S. federal or state securities laws, rules, or regulations. All readers of the Letter should seek competent, independent advice (financial and/or legal advice), prior to transacting in securities of the Issuers.

Legal

Buxton Helmsley Issues Letter To EchoStar Directors Regarding Apparent Accounting And Securities Fraud, Apparent Fraudulent Conveyances, And Apparent Breaches Of Fiduciary Duty In Connection With DISH Merger

EchoStar Corp&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sats#NASDAQ">SATS</a>) announced&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/24/01/n36572261/echostar-corporation-unlocks-incremental-strategic-financial-and-operating-flexibility-following-c" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">today the completion</a>&nbsp;of a series of strategic transactions to further unlock incremental strategic, financial, and operating flexibility for its business&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/m-a/24/01/36451184/dish-network-merges-with-echostar-in-strategic-shift-to-wireless-services" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">following its merger</a>&nbsp;with&nbsp;Dish Network Corp.
The merger combined Dish Network&#39;s satellite technology, streaming services, and nationwide 5G network with EchoStar&#39;s premier satellite communications solutions.
Dish grappled with a debt of $24.6 billion and a notable decrease in TV subscribers, falling to 8.8 million in the third quarter from 14 million ten years earlier.&nbsp;
Also Read:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/01/36471111/verizon-communications-analyst-turns-bullish-expects-superior-2024-performance-over" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Verizon Communications Analyst Turns Bullish, Expects Superior 2024 Performance Over T-Mobile, AT&amp;T</a>
Finalized on December 31, this merger represents Dish&#39;s strategic pivot away from its dwindling pay-TV sector towards wireless services, positioning it to contend with leading industry competitors like&nbsp;Verizon Communications Inc&nbsp;(NYSE:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/vz#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">VZ</a>) and&nbsp;AT&amp;T Inc&nbsp;(NYSE:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/t#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">T</a>).
Also, EchoStar subsidiary DISH Wireless&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/24/01/n36576515/dish-wireless-awarded-50-million-ntia-grant-for-5g-open-ran-integration-and-deployment-center" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">bagged a $50 million</a>&nbsp;grant from the U.S. Department of Commerce&#39;s National Telecommunications and Information Administration (NTIA) to establish the Open RAN Center for Integration &amp; Deployment (ORCID).&nbsp;
ORCID will allow participants to test and validate their hardware and software solutions (RU, DU, and CU) against a complete commercial-grade Open RAN network deployed by DISH. The developments sent the stock shooting higher. 
&nbsp;
<img alt="" src="https://www.benzinga.com/files/u318821/newplot_41.jpeg" style="height:650px; width:650px" />
NTIA Administrator&nbsp;Alan Davidson&nbsp;and Innovation Fund Director&nbsp;Amanda Toman&nbsp;will join EchoStar Co-Founder and Chairman&nbsp;Charlie Ergen, EchoStar CEO&nbsp;Hamid Akhavan, EVP and Chief Network Officer&nbsp;Marc Rouanne, and other stakeholders to announce the grant and tour a DISH 5G Open RAN cell site later today in Las Vegas.
Price Action:&nbsp;SATS shares traded higher by 36.40% at $17.27 on the last check Wednesday. 
Photo via Wikimedia Commons

EchoStar's DISH Wireless Subsidiary Awarded $50M Grant From US Department Of Commerce

Shares of Verizon Communications Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vz#NYSE">VZ</a>) have been in focus following <a href="http://www.benzinga.com/m-a/24/01/36451184/dish-network-merges-with-echostar-in-strategic-shift-to-wireless-services">news of a&nbsp;merger</a> between&nbsp;Dish Network (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dish#NASDAQ">DISH</a>) and EchoStar (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sats#NASDAQ">SATS</a>).
Contrary to peers, Verizon should deliver an improvement in postpaid phone net additions, despite a decline in market share, according to KeyBanc Capital Markets.
The Verizon Communications Analyst: Brandon Nispel upgraded the rating for Verizon Communications from Sector Weight to Overweight, with a price target of $45.
The Verizon Communications Thesis: The company is likely to report year-on-year improvements in postpaid phone net adds in every quarter in 2024, versus declines for T-Mobile US&nbsp;Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tmus#NASDAQ">TMUS</a>) and AT&amp;T Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/t#NYSE">T</a>), Nispel said in the upgrade note.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
&ldquo;We expect VZ&#39;s Consumer Broadband business to achieve 1.16M net adds in &#39;23 and 1.03M in &#39;24, which compares to our expectations for T of -170K in &#39;23 and -96K in &#39;24,&rdquo; the analyst wrote. &ldquo;We expect VZ to outperform T given VZ&#39;s growing FiOS (Fiber) and 5G Home (FWA) service, and relatively smaller amount of Non-Fiber (DSL and Other) customers,&rdquo; he added.
&ldquo;VZ EBITDA growth should go from 0% in &#39;23 to &gt;2% in &#39;24, which would represent VZ&#39;s second fastest adj. EBITDA growth rate since 2018,&rdquo; Nispel further stated.
VZ Price Action: Shares of Verizon were up 1.08% to $39.30&nbsp;at the time of publication&nbsp;Wednesday.
Now Read:&nbsp;<a href="https://www.benzinga.com/24/01/36469889/a-glitch-in-the-rally-cruise-operators-and-chip-stocks-targeted-in-profit-taking">A Glitch In The Rally? Cruise Operators And Chip Stocks Targeted In Profit Taking</a>
Photo: Shutterstock
&nbsp;

Verizon Communications Analyst Turns Bullish, Expects Superior 2024 Performance Over T-Mobile, AT&T

Offerings

Echostar Corporation Announces Offering Of 49,324,850 Shares Of Class A Common Stock; May Be Issued Upon Conversion Of Certain Convertible Notes Issued By Subsidiary, Dish Network

<h3>What is a Value Stock?</h3>
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. 
<h2>The following stocks are considered to be notable value stocks in the communication services sector:</h2>
<ol>
<li>Xunlei (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XNET#NASDAQ">XNET</a>) - P/E: 6.61</li>
<li>Cogent Comms Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCOI#NASDAQ">CCOI</a>) - P/E: 3.36</li>
<li>VEON (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEON#NASDAQ">VEON</a>) - P/E: 2.78</li>
<li>SK Telecom Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKM#NYSE">SKM</a>) - P/E: 9.81</li>
<li>DISH Network (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DISH#NASDAQ">DISH</a>) - P/E: 2.98</li>
</ol>
Xunlei saw a decrease in earnings per share from 0.13 in Q2 to $0.08 now. This quarter, Cogent Comms Hldgs experienced a decrease in earnings per share, which was $-0.67 in Q2 and is now $-1.2. The company's most recent dividend yield sits at 5.88%, which has decreased by 0.37% from 6.25% last quarter. 
VEON saw a decrease in earnings per share from 0.14 in Q2 to $0.07 now. Its most recent dividend yield is at 11.03%, which has increased by 2.03% from 9.0% in the previous quarter.
SK Telecom Co's earnings per share for Q2 sits at $0.63, whereas in Q1, they were at 0.57. Most recently, DISH Network reported earnings per share at $-0.26, whereas in Q2 earnings per share sat at $0.31. 
These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.

CCOI

VEON

XNET

A Look Into Communication Services Sector Value Stocks

DISH Network Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dish#NASDAQ">DISH</a>) shares are trading higher on Thursday. The move marks a continuation in the stock&#39;s uptrend over the past several weeks. Here&#39;s what has been <a href="https://www.benzinga.com/pressreleases/23/12/n36405741/echostar-set-to-join-s-p-smallcap-600">moving shares higher</a>.
What To Know: After a sharp <a href="https://www.benzinga.com/news/earnings/23/11/35615549/dish-stock-tanks-after-mixed-q3-subscribers-drop-ceo-departure-update">post-earnings drop in price</a> in early November, shares attempted to recover over the remainder of the month. During the same time, the company announced that Hamid Akhavan, who also serves as&nbsp;CEO and president of EchoStar Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sats#NASDAQ">SATS</a>), joined Dish as president and CEO.
The stock began to pick up steam into December, a move which was driven by <a href="https://www.benzinga.com/news/23/12/36139976/why-dish-network-shares-are-rising">the FCC&#39;s approval</a> for the transfer of control of Dish and its subsidiaries to EchoStar, per the request made by the two companies. The merger represents a recombination of the two parties into one entity, as they once had existed.
On Wednesday evening, it was also announced that EchoStar will replace DISH Network Corp. in the S&amp;P SmallCap 600 effective prior to the open of trading on Jan. 2, around which time the acquisiton is expected to be completed.
Related Link: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/12/36414868/extreme-networks-poised-for-a-strong-comeback-analyst-predict-bright-future-in-cy24">Extreme Networks Poised For A Strong Comeback: Analyst Predict Bright Future In CY24</a>
DISH, SATS Price Action: Shares of DISH were up 7.64% at $5.70 while shares of EchoStar were up 7.29% at $16.18 at the time of publication, according to <a href="http://pro.benzinga">Benzinga Pro</a>.
Image by <a href="https://pixabay.com/users/wikiimages-1897/?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=63013">WikiImages</a> from <a href="https://pixabay.com//?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=63013">Pixabay</a>
<img alt="" src="https://www.benzinga.com/files/u1437295/newplot7.jpeg" style="height:650px; width:650px" />

What's Going On With DISH Stock?

EchoStar is acquiring DISH Network in a transaction expected to be completed on or about that date pending final conditions.&nbsp;

EchoStar To Replace DISH Network In S&P SmallCap 600 Effective Prior To The Open Of Trading On January 2

<h3>What is a Value Stock?</h3>
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. 
<h2>Benzinga Insights has compiled a list of value stocks in the communication services sector that may be worth watching:</h2>
<ol>
<li>DISH Network (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DISH#NASDAQ">DISH</a>) - P/E: 2.57</li>
<li>Urban One (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UONE#NASDAQ">UONE</a>) - P/E: 2.73</li>
<li>Hello Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOMO#NASDAQ">MOMO</a>) - P/E: 5.3</li>
<li>Lendway (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LDWY#NASDAQ">LDWY</a>) - P/E: 0.92</li>
<li>Verizon Communications (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) - P/E: 7.53</li>
</ol>
This quarter, DISH Network experienced a decrease in earnings per share, which was $0.31 in Q2 and is now $-0.26. Urban One's earnings per share for Q2 sits at $1.39, whereas in Q1, they were at -0.06. This quarter, Hello Gr experienced a decrease in earnings per share, which was $0.43 in Q2 and is now $0.42. Lendway has reported Q3 earnings per share at $0.63, which has increased by 3250.0% compared to Q2, which was -0.02. This quarter, Verizon Communications experienced an increase in earnings per share, which was $1.21 in Q2 and is now $1.22. Its most recent dividend yield is at 6.91%, which has decreased by 0.87% from 7.78% in the previous quarter.
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.

LDWY

MOMO

UONE

5 Value Stocks In The Communication Services Sector

Shares of bluebird bio, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/blue#NASDAQ">BLUE</a>) rose sharply during Monday&rsquo;s session after the company presented updated data from its gene therapy program in transfusion-dependent beta-thalassemia at the 65th American Society of Hematology (ASH) Annual Meeting &amp; Exposition.
bluebird bio shares rose 6.6% to $3.05 on Monday.
Here are some other stocks moving in today&#39;s mid-day session.
<h3>Gainers</h3>
<ul>
<li>Pasithea Therapeutics Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ktta#NASDAQ">KTTA</a>) shares jumped 142.6% to $0.7399 after the company announced preclinical results from two in vivo studies evaluating the antitumor efficacy of PAS-004 in NRAS mutation cancer xenograft models.</li>
<li>NextPlay Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nxtp#NASDAQ">NXTP</a>) shares climbed 79.4% to $0.7538 on continued volatility after the company last week received notification for not meeting the deadline to file its financial reports for several periods in 2023.</li>
<li>Jet.AI Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jtai#NASDAQ">JTAI</a>) climbed 66% to $2.7550. The company recently posted a narrower quarterly loss.</li>
<li>Assure Holdings Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ionm#NASDAQ">IONM</a>) gained 69.9% to $0.5950.</li>
<li>Intchains Group Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/icg#NASDAQ">ICG</a>) rose 25.8% to $11.02.</li>
<li>Professional Diversity Network, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ipdn#NASDAQ">IPDN</a>) rose 23.3% to $2.64.</li>
<li>Minim, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/minm#NASDAQ">MINM</a>) gained 20% to $3.7450.</li>
<li>MorphoSys AG (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mor#NASDAQ">MOR</a>) rose 17.4% to $8.28 as the company presented comprehensive results from the Phase 3 MANIFEST-2 study investigating pelabresib at 65th American Society of Hematology Annual Meeting.</li>
<li>The Cigna Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ci#NYSE">CI</a>) shares gained 16.8% to $302.25. Cigna has withdrawn from its proposed merger with</li>
<li>Humana Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hum#NYSE">HUM</a>).</li>
<li>Macy&#39;s, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/m#NYSE">M</a>) rose 16.4% to $20.24. An investor consortium has tabled a $5.8 billion bid to acquire Macy&#39;s, in an attempt to privatize the iconic department store chain.</li>
<li>Onconova Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ontx#NASDAQ">ONTX</a>) shares rose 15.6% to $0.7421. Onconova Therapeutics&#39; preclinical narazaciclib data at SABCS highlighted differentiated anti-tumor activity v. other CDK4/6i&#39;s.</li>
<li>Dogness (International) Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dogz#NASDAQ">DOGZ</a>) gained 14.7% to $3.50.</li>
<li>Conduit Pharmaceuticals Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cdt#NASDAQ">CDT</a>) rose 14% to $5.87.</li>
<li>Inhibikase Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ikt#NASDAQ">IKT</a>) climbed 13.8% to $1.40.</li>
<li>CommScope Holding Company, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/comm#NASDAQ">COMM</a>) gained 13% to $2.0785. CommScope Holding SVP &amp; President, CCS Koen Linde Ter acquired a total of 13,513 shares at an average price of $1.84.</li>
<li>Blueprint Medicines Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bpmc#NASDAQ">BPMC</a>) rose 8.2% to $80.07. Blueprint Medicines announced data showcasing its commitment to advance the scientific understanding and treatment of systemic mastocytosis was highlighted at 2023 ASH Annual Meeting.</li>
<li>Shake Shack Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/shak#NYSE">SHAK</a>) gained 8.3% to $66.02. CEO Randy Garutti will retire from Shake Shack in 2024. The company also reiterated its fourth quarter and FY23 guidance.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Near Intelligence, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nir#NASDAQ">NIR</a>) fell 44.4% to $0.0845. Near Intelligence filed for Chapter 11 protection and entered into agreement to sell its business.</li>
<li>African Agriculture Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aagr#NASDAQ">AAGR</a>) fell 41.6% to $1.34 after dipping 49% on Friday.</li>
<li>Altamira Therapeutics Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cyto#NASDAQ">CYTO</a>) fell 40.7% to $0.2430 after the company issued investor and business update. The company&#39;s board has decided to effect a 20-for-1 reverse stock split on Dec. 13, 2023.</li>
<li>Green Giant Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gge#NASDAQ">GGE</a>) fell 40% to $0.1522 after announcing a proposed public offering.</li>
<li>Biomea Fusion, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bmea#NASDAQ">BMEA</a>) shares fell 32.2% to $11.40 after the company announced it presented data for BMF-219 in relapsed / refractory AML patients with menin-dependent mutations at the ASH 2023 Annual Meeting.</li>
<li>Troika Media Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/trka#NASDAQ">TRKA</a>) declined 30% to $0.2344. Troika Media Group recently announced it filed for Chapter 11.</li>
<li>Veru Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/veru#NASDAQ">VERU</a>) fell 29.1% to $0.83.</li>
<li>X4 Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/xfor#NASDAQ">XFOR</a>) fell 25.6% to $0.6531. X4 Pharmaceuticals announced presentation of additional data from mavorixafor Phase 2 trial in chronic neutropenia at ASH 2023.</li>
<li>Cyngn Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cyn#NASDAQ">CYN</a>) fell 24.5% to $0.1594. Cyngn shares fell 47% on Friday after the company announced pricing of a $5 million public offering of common stock.</li>
<li>RiskOn International, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/roi#NASDAQ">ROI</a>) shares fell 22.9% to $0.1460. RiskOn International recently said Kurt Flygare has been appointed Chief Executive Officer of GuyCare Management, Inc., a subsidiary of GuyCare, Inc.</li>
<li>Kodiak Sciences Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/kod#NASDAQ">KOD</a>) fell 22.4% to $2.4501. Goldman Sachs reinstated Kodiak Sciences with a Sell and announced a $2 price target.</li>
<li>Vapotherm, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vapo#NYSE">VAPO</a>) dipped 22.3% to $1.53. Vapotherm revealed notification to NYSE of intention to voluntarily delist common stock application pending to transfer shares to OTCQX.</li>
<li>eFFECTOR Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eftr#NASDAQ">EFTR</a>) fell 17.1% to $0.4293. eFFECTOR Therapeutics, on Friday, announced new interim data from dose escalation and Phase 2 expansion cohorts of a Phase 1/2 study of zotatifin in patients with estrogen receptor positive (ER+) metastatic breast cancer.</li>
<li>Keros Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/kros#NASDAQ">KROS</a>) declined 16% to $29.92. Keros Therapeutics showcased Phase 2 trials on blood disorders at ASH 2023.</li>
<li>TeraWulf Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wulf#NASDAQ">WULF</a>) fell 15% to $1.5501.</li>
<li>CleanSpark, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/clsk#NASDAQ">CLSK</a>) fell 12.9% to $9.00.</li>
<li>Gildan Activewear Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gil#NYSE">GIL</a>) declined 12.8% to $31.85. Gildan Activewear said Glenn J. Chamandy has left his position as President, CEO and Director.</li>
<li>iSun, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/isun#NASDAQ">ISUN</a>) shares fell 10.8% to $0.1712 after declining around 7% on Friday.</li>
<li>HIVE Digital Technologies Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hive#NASDAQ">HIVE</a>) declined 10.6% to $3.7550 amid a pullback in the price of Bitcoin.</li>
<li>Bit Digital, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/btbt#NASDAQ">BTBT</a>) fell 10.6% to $3.1850 amid a pullback in the price of Bitcoin.</li>
<li>Riot Platforms, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/riot#NASDAQ">RIOT</a>) dipped 10.5% to $14.16 amid a pullback in the price of Bitcoin.</li>
<li>Marathon Digital Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mara#NASDAQ">MARA</a>) fell 9.9% to $15.12 amid a pullback in the price of Bitcoin.</li>
<li>Apellis Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/apls#NASDAQ">APLS</a>) dipped 9.2% to $56.96. Apellis said EMPAVELI (Pegcetacoplan) provided long-term control of PNH in new data presented at ASH Annual Meeting.</li>
<li>Zai Lab Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zlab#NASDAQ">ZLAB</a>) fell 6.8% to $25.40.</li>
<li>DISH Network Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dish#NASDAQ">DISH</a>) declined 5.4% to $4.3250.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/earnings/23/12/36171134/how-to-earn-500-a-month-from-vail-resorts-stock-after-q1-earnings-report"> How To Earn $500 A Month From Vail Resorts Stock After Q1 Earnings Report</a>

Penny Stocks

Intraday Update

Markets

AAGR

APLS

BLUE

BMEA

BPMC

BTBT

CLSK

COMM

CYTO

DOGZ

EFTR

HIVE

IONM

IPDN

ISUN

JTAI

KROS

KTTA

MARA

MINM

Morgan Stanley Capital Protected Notes for S&P 500 Index

NXTP

ONTX

RIOT

SHAK

TRKA

VAPO

VERU

WULF

XFOR

ZLAB

Why bluebird bio Shares Are Trading Higher? Here Are Other Stocks Moving In Monday's Mid-Day Session

U.S. stocks traded mostly mixed, with the Dow Jones index gaining more than 100 points on Monday.
Here are some other big stocks recording losses in today&rsquo;s session.
<ul>
<li>Cogent Biosciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cogt#NASDAQ">COGT</a>) shares tumbled 52.7% to $4.0803 after the company reported initial data from its ongoing Phase 2 SUMMIT trial and data from Part 1 of its ongoing Phase 2 APEX clinical at ASH 2023.</li>
<li>Biomea Fusion, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bmea#NASDAQ">BMEA</a>) shares dipped 32.2% to $11.40 after the company announced it presented data for BMF-219 in relapsed / refractory AML patients with menin-dependent mutations at the ASH 2023 Annual Meeting.</li>
<li>XBP Europe Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/xbp#NASDAQ">XBP</a>) fell 25% to $12.00.</li>
<li>Keros Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/kros#NASDAQ">KROS</a>) declined 15% to $30.13. Keros Therapeutics showcased Phase 2 trials on blood disorders at ASH 2023.</li>
<li>CleanSpark, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/clsk#NASDAQ">CLSK</a>) declined 13.2% to $8.98 amid a pullback in the price of Bitcoin.</li>
<li>Xponential Fitness, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/xpof#NASDAQ">XPOF</a>) fell 12% to $ 9.33.</li>
<li>Gildan Activewear Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gil#NYSE">GIL</a>) fell 11.9% to $32.17. Gildan Activewear said Glenn J. Chamandy has left his position as President, CEO and Director.</li>
<li>HIVE Digital Technologies Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hive#NASDAQ">HIVE</a>) fell 10.6% to $3.7550 amid a pullback in the price of Bitcoin.</li>
<li>Tellurian Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tell#NYSE">TELL</a>) dipped 10.5% to $0.6691. The company&rsquo;s board named former General Counsel Daniel Belhumeur as President of Tellurian, and former Deputy General Counsel Meredith Mouer as General Counsel and Chief Compliance Officer of Tellurian.</li>
<li>Riot Platforms, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/riot#NASDAQ">RIOT</a>) fell 10.5% to $14.16 amid a pullback in the price of Bitcoin.</li>
<li>SmartRent, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/smrt#NYSE">SMRT</a>) declined 10% to $3.0052.</li>
<li>Marathon Digital Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mara#NASDAQ">MARA</a>) dipped 9.9% to $15.12 amid a pullback in the price of Bitcoin.</li>
<li>Apellis Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/apls#NASDAQ">APLS</a>) fell 9.2% to $56.96. Apellis said EMPAVELI (Pegcetacoplan) provided long-term control of PNH in new data presented at ASH Annual Meeting.</li>
<li>Zai Lab Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zlab#NASDAQ">ZLAB</a>) declined 6.8% to $25.40.</li>
<li>RingCentral, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rng#NYSE">RNG</a>) fell 5.7% to $32.17. RingCentral announced return of Vlad Shmunis as CEO.</li>
<li>DISH Network Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dish#NASDAQ">DISH</a>) fell 5.4% to $4.3250.</li>
<li>Coinbase Global, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/coin#NASDAQ">COIN</a>) fell 4.3% to $140.39 a pullback in the price of Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>).</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/markets/cryptocurrency/23/12/36177795/bitcoin-ethereum-record-losses-ftx-token-becomes-top-loser"> Bitcoin, Ethereum Record Losses; FTX Token Becomes Top Loser</a>

$BTC

COGT

COIN

SMRT

TELL

XPOF

Coinbase, Riot Platforms, Marathon Digital And Other Big Stocks Moving Lower On Monday

DISH Network Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dish#NASDAQ">DISH</a>) shares are trading higher by 8.6% to $4.30 Thursday afternoon after the FCC granted approval for the transfer of control of Dish and its subsidiaries to <a href="https://www.benzinga.com/quote/SATS/news">EchoStar Corp</a> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sats#NASDAQ">SATS</a>).
What Happened?
The FCC has <a href="https://docs.fcc.gov/public/attachments/DA-23-1137A1.pdf">approved</a> DISH Network&#39;s and EchoStar&#39;s request for control transfer of licenses, authorizations&nbsp;and special temporary authorities (STAs). DISH offers various communication services, while EchoStar provides global satellite services.
Both companies were once part of the same entity and are now seeking to recombine under EchoStar&#39;s control. The merger was approved by independent directors and majority shareholders of both companies, with Charles W. Ergen maintaining significant control post-merger.
Despite the change in structure, the ownership and control remain largely unchanged. The FCC finds this transfer to be in the public interest and has granted the applications, effective immediately.
See Also:&nbsp;<a href="https://www.benzinga.com/23/12/36134609/top-performing-etfs-right-now-and-where-to-buy-them" rel="noopener noreferrer" target="_blank">Top Performing ETFs Right Now And Where To Buy Them</a>
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, DISH has a 52-week high of $16.45&nbsp;and a 52-week low of $3.21.

Why DISH Network Shares Are Rising

Wall Street was enjoying a bullish Thursday afternoon, propelled by AI stocks and tech giants, as investors grew increasingly optimistic about the disruptive technology.
Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) surged by 8% following news that Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) will harness AMD&#8217;s new AI chip, Instinct MI300X, in a challenge to Nvidia Corp.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)<a href="https://www.benzinga.com/news/large-cap/23/12/36124046/move-aside-nvidia-meta-microsoft-opt-for-new-amd-artificial-intelligence-chip"> market dominance.</a>
Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) soared by 6% as Wall Street celebrated the launch of <a href="https://www.benzinga.com/news/23/12/36127273/google-launches-gemini-ai-signals-new-era-in-artificial-intelligence">Gemini</a>, a new artificial intelligence model with the potential to close the gap in its race against Microsoft-backed OpenAI.
The Nasdaq 100 was up 1.4%, on track to deliver its best daily performance since Nov. 14.
Treasury yields remained stable on Thursday, with the market temporarily pausing its focus on monetary policy, awaiting more insights into the job market&#8217;s health with the November jobs report set to be released Friday morning.
The dollar index (DXY), as tracked by the Invesco DB USD Index Bullish Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UUP#NYSE">UUP</a>), declined by 0.8%, primarily driven by a 2.6% drop of the greenback against the Japanese yen, the most significant movement since Dec. 20, 2022.
Gold remained steady at $2,020 per ounce, while oil continued its downward trend, slipping by 0.5% and heading for its sixth consecutive negative session.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) experienced a 1% decline following <a href="https://www.benzinga.com/markets/cryptocurrency/23/12/36118823/jp-morgan-ceo-calls-for-a-shut-down-of-bitcoin-and-the-crypto-industry-heres-how-social-me">negative remarks</a> from JPMorgan CEO, Jamie Dimon.
<h2 class="wp-block-heading">Thursday&#8217;s Performance of Major US Indices &amp; ETFs</h2>
<figure class="wp-block-table"> 
<table>
<thead>
<tr>
<th>Major Indices </th>
<th>Price</th>
<th>Change</th>
<th>% Change</th>
</tr>
</thead>
<tbody>
<tr>
<td>Nasdaq 100</td>
<td>16,017.51</td>
<td>+229.46</td>
<td>+1.5%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>4,583.74</td>
<td>+34.40</td>
<td>+0.8%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>185.06</td>
<td>+1.00</td>
<td>+0.5%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>36,118.93</td>
<td>+64.50</td>
<td>+0.2%</td>
</tr>
</tbody>
</table>
</figure>
<ul>
<li>The SPDR S&amp;P 500 ETF Trust&nbsp;(ARCA: <a style="font-size: revert" href="https://www.benzinga.com/stock/spy#NYSE">SPY</a>) edged 0.77% higher to $458.23. </li>
<li>The SPDR Dow Jones Industrial Average ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) was 0.2% higher to&nbsp;$361.97.&nbsp; </li>
<li>The Invesco QQQ Trust&nbsp;(NASDAQ: <a href="https://www.benzinga.com/stock/qqq#NASDAQ">QQQ</a>) rallied 1.4% to $390.53</li>
<li>The iShares Russell 2000 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rose 0.5% to $184.96, according to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data.</a> </li>
</ul>
<h2 class="wp-block-heading">Chart Of The Day: Yen Takes Revenge</h2>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="495" src="https://editorial-assets.benzinga.com/wp-content/uploads/2023/12/07140209/USDJPY_2023-12-07_18-01-18_67020-1024x495.png" alt="" class="wp-image-157224" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2023/12/07140209/USDJPY_2023-12-07_18-01-18_67020-1024x495.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2023/12/07140209/USDJPY_2023-12-07_18-01-18_67020-300x145.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2023/12/07140209/USDJPY_2023-12-07_18-01-18_67020-768x372.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2023/12/07140209/USDJPY_2023-12-07_18-01-18_67020-1536x743.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2023/12/07140209/USDJPY_2023-12-07_18-01-18_67020.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h2 class="wp-block-heading">Sector, Industry ETF Performance</h2>
Communication services and technology led gains, with the Communication Services Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>) and the Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) up by 2.4% and 1.1% respectively. 
Energy continued to lag, with the Energy&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) down 0.7%, on track for its fourth straight sessions of losses. 
Industry-wise, airline stocks outperformed, with the U.S. Global Jets (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JETS#NYSE">JETS</a>) up 2.2%, followed by semiconductors, with the VanEck Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NYSE">SMH</a>) up 2%. Industry laggards were the VanEck Oil Services ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OIH#NYSE">OIH</a>), down 0.9%, and the SPDR S&amp;P Insurance ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KIE#NYSE">KIE</a>), down 0.4%. 
<figure class="wp-block-table"> 
<table>
<thead>
<tr>
<th>Sector</th>
<th>1D%</th>
</tr>
</thead>
<tbody>
<tr>
<td>Communication Services </td>
<td>2.39%</td>
</tr>
<tr>
<td>Technology </td>
<td>1.14%</td>
</tr>
<tr>
<td>Cons. Discretionary (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>)</td>
<td>0.86%</td>
</tr>
<tr>
<td>Materials (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>)</td>
<td>0.62%</td>
</tr>
<tr>
<td>Cons. Staples (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>)</td>
<td>0.54%</td>
</tr>
<tr>
<td>Financials (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>)</td>
<td>0.32%</td>
</tr>
<tr>
<td>Industrials (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLI#NYSE">XLI</a>)</td>
<td>0.10%</td>
</tr>
<tr>
<td>Real Estate (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>)</td>
<td>0.05%</td>
</tr>
<tr>
<td>Utilities (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>)</td>
<td>0.02%</td>
</tr>
<tr>
<td>Health Care (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>)</td>
<td>-0.05%</td>
</tr>
<tr>
<td>Energy </td>
<td>-0.73%</td>
</tr>
</tbody>
</table>
</figure>
<h2 class="wp-block-heading">Latest Economic Data</h2>
<ul>
<li>New unemployment benefit claims held steady, with 220,000 initial claims reported for the week ending Dec. 2, broadly unchanged from the revised figure of 219,000 in the previous week. </li>
<li>Freddie Mac reported that the 30-year fixed mortgage rate fell from 7.27% to 7.03% as of Dec. 6. </li>
<li>Wholesale inventories saw a 0.4% month-over-month decline in October, surpassing the initial estimate of a 0.2% decrease and following a revised flat performance in the previous month.</li>
</ul>
<h2 class="wp-block-heading">Stocks In Focus</h2>
<ul>
<li>Walgreens Boots Alliance Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) surged by 7.6% on Thursday following the company&#8217;s announcement of an expanded range of COVID-19 and flu testing and treatment options. </li>
<li>Dish Network Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DISH#NASDAQ">DISH</a>) and EchoStar Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SATS#NASDAQ">SATS</a>) rose 8.3% and 7.8%, respectively, after receiving approval from the Federal Communications Commission for their proposed merger. </li>
<li>R1 RCM Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCM#NASDAQ">RCM</a>) fell over 6% after Deutsche Bank lower the stock&#8217;s price target from $19 to $16. </li>
<li>Teradata Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDC#NYSE">TDC</a>) fell over 6% despite a lack of market-sensitive news. </li>
<li>Lulemon Athletica inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) was 0.8% higher, ahead of company&#8217;s earnings report after market close. </li>
<li>Following the closing bell, Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), The Cooper Companies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COO#NASDAQ">COO</a>), DocuSign, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOCU#NASDAQ">DOCU</a>), and Vail Resorts, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTN#NYSE">MTN</a>) will release their results. </li>
</ul>
Read now: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/12/36138288/moodys-staff-in-china-advised-to-work-from-home-amid-fear-of-government-inspections">Moody&#8217;s Staff In China Advised To Work From Home Amid Fear Of Government Inspections</a>
Photo: Shutterstock

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Equities

Macro Economic Events

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Broad U.S. Equity ETFs

Currency ETFs

Forex

Econ #s

Economics

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SPDR Dow Jones Industrial Average ETF Trust

DOCU

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GOOGL

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XLRE

Select Sector SPDR-Consumer Discretionary

Wall Street Revels In Gains As AI, Tech Titans Surge; Dollar Plunges Against Yen: What's Driving Markets Thursday?

WIIM

Dish Network shares are trading higher after the FCC granted approval for the transfer of control of Dish and its subsidiaries to EchoStar

<a href="https://docs.fcc.gov/public/attachments/DA-23-1137A1.pdf" title="https://docs.fcc.gov/public/attachments/DA-23-1137A1.pdf">https://docs.fcc.gov/public/attachments/DA-23-1137A1.pdf</a>

Federal Communications Commission On December 6 Granted Approval For The Transfer Of Control Of Dish Network And Its Subsidiaries To EchoStar.

FOX Weather, FOX News Media's free ad-supported streaming television ("FAST") weather service has expanded its distribution to include DISH Network and Sling Freestream subscribers effective today announced its president Sharri Berg.
In making the announcement Berg said, "As we continue to grow our premium live weather news service, we are thrilled to expand FOX Weather's reach to include DISH Network and Sling Freestream consumers."
Launching nationwide to DISH Network on November 29th, FOX Weather will be available on channel 222 on the America's Top 120, 200 and 250 Packages. Viewers will also have access to the comprehensive weather service through the DISH Anywhere TV app.
Additionally, Sling Freestream will add FOX Weather on the same date. Accessible through the SLING TV app and website, FOX Weather will join Sling Freestream's lineup which includes over 400 free channels and a library of over 41,000 on-demand titles.
Since launching in October 2021, FOX Weather has expanded its reach to include platforms such as Verizon Fios, Samsung TV Plus, Cox Communications, The Roku Channel, fuboTV, YouTube TV, Fire TV Channels, Optimum, Spectrum, LG Channels, DIRECTV STREAM, Xumo Play, WOW!, Vizio Watchfree+, TuneIn, Plex, Audacy and Astound Broadband. The service continues to be available through FOX Television Station Diginets in top markets including New York, Los Angeles, and Chicago, among others.

FOXA

FOX Weather Expands Distribution To DISH Network And Sling Freestream

While shoppers hunt for online bargains this Cyber Monday, investors are eyeing the tech sector for potential <a href="https://www.benzinga.com/topic/cyber-monday">&#8220;deals&#8221; of their own. </a>
In a market where the Nasdaq 100, as tracked by the Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), skyrocketed by over 45% year-to-date, unearthing undervalued tech stocks has become increasingly challenging, like finding a needle in a digital haystack.
The U.S. tech industry, bolstered by advancements in artificial intelligence (AI), has seen its outlook improve dramatically over <a href="https://www.benzinga.com/topic/artificial-intelligence">the past few months.</a> 
Keenly observing this upward trajectory are analysts, who have set forward-looking, ambitious price targets. 
While several of these targets are reflected in the current stock prices or even exceed them, some stocks seemingly slipped under the radar, with analysts predicting substantial price increases not yet recognized by investors.
<h2 class="wp-block-heading">The Cyber Monday&#8217;s Tech Stock List Revealed</h2>
The following list presents nine U.S. technology stocks, each with a market capitalization of more than $1 billion, currently trading at a discount exceeding 40% relative to the 1-year forward average price target set by analysts. 
This significant discount suggests a potential upside of over 80%.
<figure class="wp-block-table"> 
<table>
<thead>
<tr>
<th>#</th>
<th>Name</th>
<th>Last Price</th>
<th>1-Year Price Target (Avg.)</th>
<th>Price discount vs. Avg. PT</th>
<th>Potential upside</th>
</tr>
</thead>
<tbody>
<tr>
<td>1</td>
<td>AST SpaceMobile, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>)</td>
<td>$4.74</td>
<td>$17.67</td>
<td>73.17%</td>
<td>272.71%</td>
</tr>
<tr>
<td>2</td>
<td>Globalstar, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSAT#NYSE">GSAT</a>)</td>
<td>$1.53</td>
<td>$4.13</td>
<td>62.93%</td>
<td>169.77%</td>
</tr>
<tr>
<td>3</td>
<td>DISH Network Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DISH#NASDAQ">DISH</a>)</td>
<td>$3.71</td>
<td>$8.74</td>
<td>57.63%</td>
<td>136.01%</td>
</tr>
<tr>
<td>4</td>
<td>Altice USA, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATUS#NYSE">ATUS</a>)</td>
<td>$2.38</td>
<td>$5.25</td>
<td>54.69%</td>
<td>120.71%</td>
</tr>
<tr>
<td>5</td>
<td>Semtech Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMTC#NASDAQ">SMTC</a>)</td>
<td>$15.99</td>
<td>$32.90</td>
<td>51.40%</td>
<td>105.75%</td>
</tr>
<tr>
<td>6</td>
<td>Viasat, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSAT#NASDAQ">VSAT</a>)</td>
<td>$20.03</td>
<td>$37.14</td>
<td>46.07%</td>
<td>85.44%</td>
</tr>
<tr>
<td>7</td>
<td>Aurora Innovation, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUR#NASDAQ">AUR</a>)</td>
<td>$2.15</td>
<td>$3.97</td>
<td>46.02%</td>
<td>85.24%</td>
</tr>
<tr>
<td>8</td>
<td>Angi Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGI#NASDAQ">ANGI</a>)</td>
<td>$2.15</td>
<td>$3.97</td>
<td>45.84%</td>
<td>84.65%</td>
</tr>
<tr>
<td>9</td>
<td>indie Semiconductor, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INDI#NASDAQ">INDI</a>)</td>
<td>$7.25</td>
<td>$13.08</td>
<td>44.59%</td>
<td>80.46%</td>
</tr>
</tbody>
</table>
</figure>
While these stocks appear to be undervalued according to analysts, investors should approach with caution. 
The future performance of these stocks is influenced by various factors, some of which may be unexpected and not currently within analysts&#8217; projections. 
For investors, this list serves as a reminder of the importance of due diligence and maintaining a balanced portfolio, even in a market that shows strong growth.
Read Now: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/11/35943851/black-friday-on-wall-street-10-s-p-500-stocks-trading-at-40-discount-from-analysts-">Black Friday On Wall Street: 10 S&amp;P 500 Stocks Trading At 40%+ Discount From Analysts&#8217; Expectations</a>

Mid Cap

ANGI

ASTS

ATUS

GSAT

INDI

SMTC

VSAT

Cyber Monday Deals On Wall Street: 9 Tech Stocks Trading At 40%+ Discount from Analyst Expectations

CHTR

CMCSA

Federal Communications Commission Chair Proposes To Bar Cable, Satellite Television Providers From Charging Consumers Early Termination Fees

Whales with a lot of money to spend have taken a noticeably bearish stance on DISH Network.
Looking at options history for DISH Network (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DISH#NASDAQ">DISH</a>) we detected 20 trades.
If we consider the specifics of each trade, it is accurate to state that 25% of the investors opened trades with bullish expectations and 75% with bearish.
From the overall spotted trades, 17 are puts, for a total amount of $791,506 and 3, calls, for a total amount of $97,080.
<h3>Expected Price Movements</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $5.0 to $10.0 for DISH Network over the last 3 months. 
<h3>Volume &amp; Open Interest Development</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in DISH Network's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to DISH Network's substantial trades, within a strike price spectrum from $5.0 to $10.0 over the preceding 30 days.
<h3>DISH Network 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2023/1700512322_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>DISH</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$5.00</td>
<td>$72.9K</td>
<td>3.4K</td>
<td>2.4K</td>
</tr>
<tr>
<td>DISH</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$5.00</td>
<td>$72.9K</td>
<td>3.4K</td>
<td>1.4K</td>
</tr>
<tr>
<td>DISH</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$5.00</td>
<td>$72.9K</td>
<td>3.4K</td>
<td>1.1K</td>
</tr>
<tr>
<td>DISH</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$5.00</td>
<td>$49.0K</td>
<td>3.4K</td>
<td>4.8K</td>
</tr>
<tr>
<td>DISH</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$5.00</td>
<td>$49.0K</td>
<td>3.4K</td>
<td>4.5K</td>
</tr>
</tbody>
</table>

<h3>About DISH Network</h3>
From its founding in the 1980s, Dish Network has primarily focused on the satellite television business, capitalizing on technological advancements to expand its reach. The firm now serves 7 million U.S. customers. Dish launched an internet-based television offering under the Sling brand in 2015 and now serves about 2 million customers on this platform. Dish's future, however, hinges primarily on the wireless business. The firm has amassed a large portfolio of spectrum licenses over the past 15 years, spending about $30 billion in the process, and is now building a nationwide wireless network. It acquired Sprint's prepaid business and now serves about 8 million customers. Dish plans to merge with EchoStar, a firm it spun out in 2008 that provides satellite-based communications services.
After a thorough review of the options trading surrounding DISH Network, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>DISH Network's Current Market Status</h3>
<ul>
<li>With a trading volume of 6,436,978, the price of DISH is down by -1.12%, reaching $3.53.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 94 days from now.</li>
</ul>
<h3>Professional Analyst Ratings for DISH Network</h3>
In the last month, 3 experts released ratings on this stock with an average target price of $7.0.
<ul>
<li>An analyst from Morgan Stanley has decided to maintain their Equal-Weight rating on DISH Network, which currently sits at a price target of $5. </li>
<li>Maintaining their stance, an analyst from Goldman Sachs continues to hold a Neutral rating for DISH Network, targeting a price of $3. </li>
<li>Consistent in their evaluation, an analyst from Raymond James keeps a Strong Buy rating on DISH Network with a target price of $13. </li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest DISH Network options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Spotlight on DISH Network: Analyzing the Surge in Options Activity

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
<a href="https://investorplace.com/industries/consumer-discretionary/">Consumer discretionary stocks</a> represent a product or service that someone may want, but doesn&rsquo;t need. We&rsquo;re talking about everything from retailers to restaurants and sources of entertainment. If the products are great, these stocks tend to do well. But if there are better options, then these are consumer discretionary stocks to sell.



After all, consumers are usually in the buying mood over the holidays. But the names on this list have been down in the dumps for a while, and their earnings reports, revenue growth (or lack thereof) and analyst sentiment leave something to be desired. That&rsquo;s why the names on this list are getting low ratings in the Portfolio Grader.



This is an ideal time to do housecleaning to eliminate these low-rated consumer discretionary stocks. By doing so before the end of the year, you can take advantage of the capital losses to offset potential gains elsewhere in your portfolio. Why not lower your tax bill?



By dumping these stocks, you&rsquo;ll have more opportunities to pick up some winning names that have a better chance to grow your portfolio.



<h2>ChargePoint Holdings (CHPT)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/04/chpt-stock-2-300x169.jpg" alt="EV stocks: A close-up shot of a ChargePoint charging station."><div>Source: YuniqueB / Shutterstock.com</div></div>


ChargePoint Holdings (NYSE:<a href="https://investorplace.com/stock-quotes/chpt-stock-quote/">CHPT</a>) isn&rsquo;t just one of the worst consumer discretionary stocks out there. In my opinion, it&rsquo;s one of the worst stocks on all of Wall Street.



If you&rsquo;re a ChargePoint bull, you can only hope that a <a href="https://investors.chargepoint.com/news/news-details/2023/ChargePoint-Announces-Executive-Leadership-Changes/default.aspx">new CEO</a> will figure out a way to turn things around at some point. ChargePoint announced in November that Chief Operating Officer Rick Wilmer would take the CEO job, as longtime CEO Pasquale Romano transitioned to an advisory role.



I don&rsquo;t have a lot of optimism in that regard. The electric vehicle charging company lost $158.2 million in the fiscal third quarter of 2024, an increase from $84.5 million a year ago.



Today you can get ChargePoint stock for less than $2.50, falling 74% in 2023. It gets an &ldquo;F&rdquo; rating in the Portfolio Grader.



<h2>Mullen Automotive (MULN)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/01/muln1600-2-300x169.png" alt="In this photo illustration, the Mullen Technologies (MULN) logo is displayed on a smartphone screen"><div>Source: rafapress / Shutterstock.com</div></div>


I&rsquo;ve made no secret of my distaste for Mullen Automotive (NASDAQ:<a href="https://investorplace.com/stock-quotes/muln-stock-quote/">MULN</a>) in the past. I don&rsquo;t have anything against the people who work there, I just think the evidence proves that Mullen is a bad stock that&rsquo;s more likely to go to zero than make you a hero.



Management has been trying to make a go of it. The electric vehicle manufacturer is trying to keep the stock price over $1 to maintain Nasdaq compliance. It completed a 1-for-25 reverse stock split in May and a 1-for-9 reverse split in August.



But that hasn&rsquo;t helped at all because even after all that, shares trade for about 12 cents each.



Now Mullen is trying it again. A special meeting of shareholders <a href="https://investorplace.com/2023/12/dear-muln-stock-fans-get-ready-for-a-reverse-stock-split-vote-on-dec-15/">today</a> could give the board permission to do another reverse split in a ratio between 1-for-2 and 1-for-100.



Considering Mullen&rsquo;s track record, a higher number will probably be required if Mullen is going to go over $1 per share for a solid month. This stock has been falling so fast that the board can&rsquo;t keep up.



Mullen stock is down 98% this year and gets an &ldquo;F&rdquo; rating in the Portfolio Grader.



<h2>Penn Entertainment (PENN)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/08/penn1600-300x169.png" alt="In this photo illustration, the Penn Entertainment (PENN) logo is displayed on a smartphone mobile screen."><div>Source: rafapress / Shutterstock.com</div></div>


Penn Entertainment (NASDAQ:<a href="https://investorplace.com/stock-quotes/penn-stock-quote/">PENN</a>) is a company in serious transition. Best known for its place in legalized gambling, Penn has more than 40 casinos, racetracks in North America, and more than 50,000 gaming machines.



But its failed partnership with Barstool Sports put the biggest shadow on Penn. It bought 36% of Barstool in 2020, and then went all-in in February 2023 by acquiring the rest of the company. In all, Penn Entertainment spent $550 million on Barstool.



But the company wasn&rsquo;t a good fit after all, and that&rsquo;s an expensive mistake to make after spending more than two years in a partnership. Earlier this year, Penn sold Barstool back to its founder, Dave Portnoy, for just $1.



Ouch.



Penn is going the wrong way. Revenues in the third quarter were $1.61 million, down from $1.62 million a year ago. The company also posted a net loss of $725.1 million for the quarter. That wasn&rsquo;t a big surprise considering that Penn had projected a pre-tax non-cash loss between $800 million and $850 million for the quarter related to the disposal of the business.



PENN stock is down 14% this year and gets an &ldquo;F&rdquo; rating in the Portfolio Grader.



<h2>Flexible Solutions International (FSI)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/canada1600a-300x169.jpg" alt="canadian flag over city to represent canadian stocks"><div>Source: Shutterstock</div></div>


Flexible Solutions International (NYSEAMERICAN:<a href="https://investorplace.com/stock-quotes/fsi-stock-quote/">FSI</a>) is a Canadian company that aims to help farmers increase crop yields, reduce water use and lower their carbon footprint.



The company makes biodegradable polymers and water evaporation products, and management hopes that interest in carbon-neutral solutions and water conservation will bring a greater market for its nitrogen conservation and evaporation control products.



That&rsquo;s an admirable mission. But as a shareholder, it&rsquo;s not a profitable one.



Revenue in the third quarter was only $8.72 million, down from $11.68 million a year ago. The company posted a loss of $284,000 a year after making a profit of $1.66 million.



&ldquo;This was a very poor quarter,&rdquo; CEO Daniel O&rsquo;Brien said. &ldquo;We are not losing customers, but certain customers are ordering much less as they confront difficult conditions in their markets.&rdquo;



Now FSI is in cost-cutting mode, looking to reduce operating costs and tighten the budget in expectation of continued weakness in the fourth quarter and in 2024.



FSI, which has a market cap of only $19 million, is down nearly 50% this year. It gets an &ldquo;F&rdquo; rating in the Portfolio Grader.



<h2>Dish Network (DISH)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/02/dish-stock-1-300x169.jpg" alt="A van for DISH Network (DISH) is parked."><div>Source: Jonathan Weiss / Shutterstock.com</div></div>


I have to wonder if the executives at Dish Network (NASDAQ:<a href="https://investorplace.com/stock-quotes/dish-stock-quote/">DISH</a>) feel the same way that Blockbuster&rsquo;s C-suite felt when they realized that the world was passing them by.



Blockbuster was once the dominant video rental company in the U.S., but then Netflix (NASDAQ:<a href="https://investorplace.com/stock-quotes/nflx-stock-quote/">NFLX</a>) came along and made it irrelevant. Why go to the video store when you can just receive a movie in your mailbox?



Of course, times change quickly and even Netflix recently scrapped its video-by-mail service. Streaming services are all the rage, and that&rsquo;s leaving traditional cable companies and Dish Network behind.



True, at one point Dish was seen as revolutionary. Put a little satellite dish on your roof and pow! You can get TV entertainment without cable!



But now Dish is just trying to keep up, and not doing well. It branched out into the streaming space through its Sling TV service, but that&rsquo;s not going well either. Sling TV subscribers in the third quarter totaled <a href="https://ir.dish.com/news-releases/news-release-details/dish-network-reports-third-quarter-2023-financial-results">2.12 million</a>, down from 2.41 million a year ago.



Pay TV subscribers were down from 10.01 million a year ago to 8.84 million now. Dish TV subscribers fell from 7.6 million to 6.7 million.



Not surprisingly, <a href="https://ir.dish.com/node/34946/html">revenue</a> fell from $3.93 billion a year ago to $3.58 billion in the third quarter of this year. DISH stock is down 68% this year and gets an &ldquo;F&rdquo; rating in the Portfolio Grader.



<h2>Southwest Airlines (LUV)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/10/luv1600f-300x169.jpg" alt=""><div>Source: Markus Mainka / Shutterstock.com</div></div>


Southwest Airlines (NYSE:<a href="https://investorplace.com/stock-quotes/luv-stock-quote/">LUV</a>) is one of the consumer discretionary stocks to dump while you can. Unlike its competitors, LUV is underperforming, showing a loss of 13% in stock price in 2023 while the other majors are all comfortably in the black.



Part of the problem is fuel costs. When fuel prices are up, so are Southwest&rsquo;s costs. Fuel costs have been a major drag on the company until recently, and subsequently, all of the major airlines have been on the rise in the last 30 days.



But that hasn&rsquo;t been enough to get Southwest out of the red. Even though <a href="https://www.southwestairlinesinvestorrelations.com/news-and-events/news-releases/2023/10-26-2023-114553887">revenue in the third quarter</a> was $6.5 billion, up 4.9% from a year ago, Southwest&rsquo;s revenue per available seat mile (RASM) was down 6.8%. Southwest expects that trend to continue in the fourth quarter, as it forecasts RASM to be down 9% to 11% from a year ago.



Overall operating expenses, which include labor costs, were up 10% from a year ago to $6.4 billion &ndash; almost completely eating up quarterly revenue.



If you want to buy an airline stock, look elsewhere than Southwest. LUV stock gets an &ldquo;F&rdquo; rating in the Portfolio Grader.



<h2>Hertz Global Holdings (HTZ)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/07/htz1600-300x169.jpg" alt="Hertz (HTZ) sign in Montevrain, France on May 8, 2016."><div>Source: aureliefrance / Shutterstock.com</div></div>


Hertz Global Holdings (NASDAQ:<a href="https://investorplace.com/stock-quotes/htz-stock-quote/">HTZ</a>) is a vehicle leasing company, operating the Hertz brand as well as Dollar Rent a Car, Firefly Car Rental and Thrifty Car Rental.



Granted, the company is in much better shape than just a few years ago. It struggled to survive during and after the Covid-19 pandemic, <a href="https://www.nytimes.com/2021/06/30/business/hertz-bankrupcty.html">filing for bankruptcy in 2020</a>. But after getting an infusion of $5.9 billion in capital and reducing its debt load, Hertz emerged in 2021.



And the company even posted record revenue in the third quarter of $2.7 billion, up 8% from a year ago. GAAP net income of $629 million was up 9% from a year ago.



But Wall Street is not impressed. HTZ stock actually dropped after that earnings report because earnings didn&rsquo;t meet analysts&rsquo; expectations. The company&rsquo;s adjusted income was $230 million, or 70 cents per share. But analysts had expected 76 cents per share there. And the adjusted income was far below the $410 million that Hertz posted a year ago.



Hertz is improved in the long term, but it&rsquo;s still not a good investment and it&rsquo;s had a rough 2023 overall. The stock is down 38% this year and it earns an &ldquo;F&rdquo; rating in the Portfolio Grader.



On the date of publication, neither Louis&nbsp;Navellier nor the InvestorPlace Research Staff member primarily responsible for this article held (either directly or indirectly) any positions in the securities mentioned in this article.
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