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Assets

SNY

Sanofi's (NYSE:SNY) short interest has decreased by 21.74% since the last report, with 4.54 million shares sold short, representing 0.18% of its float. This decline in short interest, which now takes traders 2.53 days to cover, could indicate a more bullish sentiment towards SNY compared to its peers, where the average short interest as a percentage of float is 3.97%.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 4:15 pm

AES

AES Corporation's (NYSE:AES) short interest has decreased by 36.89%, now standing at 15.48 million shares or 3.25% of its float. This decline in short interest, which now takes an average of 2.28 days to cover, could indicate a shift in market sentiment towards a more bullish outlook. Compared to its peers, AES has a higher short interest percentage of float, with the average being 1.40%. This information suggests that while short interest has decreased, AES still has a relatively high level of short interest compared to its peers, which could be interpreted in various ways by investors.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 4:15 pm

BSX

Over the past decade, Boston Scientific (NYSE:BSX) has delivered an average annual return of 18.15%, outperforming the market by 7.33% annually. A $1000 investment in BSX 10 years ago would now be worth $5,244.95, showcasing the impact of compounded returns on investment growth. Boston Scientific currently holds a market capitalization of $99.32 billion.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 4:00 pm

PSX

Five analysts have recently updated their ratings on Phillips 66 (NYSE:PSX), with a shift towards a more bullish outlook. The average 12-month price target for PSX has been raised to $153.2, reflecting a 6.98% increase from the previous target of $143.20. Analysts from firms including Piper Sandler, Barclays, Wells Fargo, and Raymond James have raised their price targets, indicating a positive sentiment towards the company's performance. Despite a -4.99% decline in revenue growth for the last quarter of 2023 and the closure of the Rodeo, California refinery, Phillips 66's financial indicators such as net margin, ROE, and ROA remain strong, surpassing industry benchmarks.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 4:00 pm

LLY

The analysis compares Eli Lilly (LLY) against its competitors in the Pharmaceuticals industry, focusing on financial metrics like P/E, P/B, P/S ratios, ROE, EBITDA, gross profit, and revenue growth. Eli Lilly shows a premium valuation with high P/E, P/B, and P/S ratios, a strong ROE, and significant revenue growth, but its EBITDA and gross profit are below the industry average. The company's higher debt-to-equity ratio indicates increased financial risk.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 4:00 pm

ETHUSD

Ethereum (ETH) reached the $4,000 mark, driven by a decrease in supply on exchanges, whale accumulation, and a rise in staking. Data shows a 20-month low in ETH balances on exchanges and an increase in wallets holding over $100,000 worth of ETH. Over $31.58 million ETH is now staked on Beacon Chain, representing 26.3% of the total supply. The popularity of liquid staking solutions and bullish sentiment in the derivatives market also support the rally. The potential approval of a spot Ethereum ETF could further boost ETH's price.

Portfolio Pulse from Murtuza Merchant

March 08, 2024 | 3:59 pm

DOGEUSD

PEPEUSD

SHIBUSD

WIFUSD

Dogwifhat (CRYPTO: WIF) has seen a remarkable surge, with its price increasing by 32% in a day, 118% weekly, and nearly 1,200% monthly, reaching new all-time highs and outperforming other meme coins like Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB). A developer's early sale of WIF missed out on potential gains of $700 million. Dogwifhat now ranks third among meme coins by market cap, recently surpassing the $2 mark and achieving a $2.3 billion valuation. It aims to reach Pepe's (CRYPTO: PEPE) $3.5 billion valuation next.

Portfolio Pulse from Khyathi Dalal

March 08, 2024 | 3:56 pm

BTCUSD

IBIT

Bitcoin (BTC) has surpassed the $70,000 mark, setting a new all-time high and reflecting increased acceptance and resilience amidst economic uncertainties. Factors contributing to this surge include institutional investment, mainstream adoption, and the introduction of Bitcoin ETFs like BlackRock's IBIT. Experts predict continued growth, driven by capital inflows into ETFs, upcoming legislation on stablecoins, and the anticipated Bitcoin halving in 2024.

Portfolio Pulse from Murtuza Merchant

March 08, 2024 | 3:48 pm

AVGO

MDB

META

MRVL

NVDA

QQQ

SPY

TSLA

The Jobs Report, showing mixed signals, has given ammunition to both bulls and bears in the stock market. SPDR S&P 500 ETF Trust (SPY) indicates a potential upside breakout. AI stocks like Broadcom Inc (AVGO), Marvell Technology Inc (MRVL), and MongoDB Inc (MDB) reported earnings below expectations but continue to be favored by momentum investors. Early trade money flows are positive for NVIDIA Corp (NVDA), Meta Platforms Inc (META), and Tesla Inc (TSLA), neutral for Apple Inc (AAPL), Microsoft Corp (MSFT), Amazon.com Inc (AMZN), and Alphabet Inc Class C (GOOG), and mixed for SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ Trust Series 1 (QQQ). The article also highlights buying in gold and oil, with SPDR Gold Trust (GLD) and United States Oil ETF (USO) as the most popular ETFs for these commodities. Bitcoin (BTC) is seeing buying on speculation of a price run.

Portfolio Pulse from The Arora Report

March 08, 2024 | 3:47 pm

PBR

Shares of Petroleo Brasileiro S.A. (PBR) are trading lower after the company reported a mixed fourth-quarter financial performance. While sales exceeded consensus, oil products revenue and domestic market revenues declined. Adjusted EBITDA and earnings per ADS fell short of expectations, despite an increase in oil and natural gas production. The company also reported higher capex and net debt.

Portfolio Pulse from Lekha Gupta

March 08, 2024 | 3:34 pm