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SPY

The S&P Global US Manufacturing PMI for February was reported at 52.2, surpassing the estimated 51.5 and the previous month's 50.7, indicating an expansion in the manufacturing sector.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 2:49 pm

AMD

BA

TSLA

The article covers a range of topics from cryptocurrency trends, with Dogecoin surging and Bitcoin and Ethereum cooling, to US politics, including Biden vs. Trump voter preferences. It also touches on US and world politics, the economy, tech developments, electric vehicles, consumer issues, communication, industrial contracts, healthcare, general news, space exploration, and energy sector updates. Notably, it mentions companies like AMD, Tesla, and Boeing, among others, in various contexts from stock performance to new contracts and product updates.

Portfolio Pulse from Akanksha Bakshi

March 01, 2024 | 2:46 pm

BTCUSD

ETHUSD

Bitcoin and Ethereum experienced declines, with Bitcoin falling below $62,000 and Ethereum staying above $3,400. The global crypto market cap dropped to $2.3 trillion, a 1.5% decrease. Axelar was the top gainer, while SATS and Mantle were among the top losers. The article also lists other significant gainers and losers in the cryptocurrency market over the past 24 hours.

Portfolio Pulse from Avi Kapoor

March 01, 2024 | 2:37 pm

EQNR

Equinor ASA (NYSE:EQNR) is expanding its helicopter fleet for Norwegian continental shelf operations by procuring 15 new helicopters from Bell and Leonardo. This includes ten Bell 525 and five AW189 helicopters, supplementing the current Sikorsky S-92 models. The new helicopters, featuring technological improvements, aim to enhance flexibility, regularity, and safety for offshore personnel transport. The first deliveries are expected in the first quarter of 2025. This announcement follows the recent resumption of helicopter traffic in Norway after a crash. EQNR shares rose 2.03% to $25.12.

Portfolio Pulse from Shivani Kumaresan

March 01, 2024 | 2:37 pm

OAIB

China has approved the expansion of the Julong copper mine, making it the world's largest, as part of its strategy to secure more copper resources. Copper's importance is highlighted due to its use in electricity and battery technology, essential for the global energy transition. The US and China are competing globally, including in Zambia, to secure copper supplies. For investors, the article suggests ETFs as a way to invest in copper, highlighting the Teucrium AiLA Long-Short Base Metals Strategy ETF (OAIB) which invests in critical base metals and has shown a 12.65% annualized return from 2017-2023.

Portfolio Pulse from Johnny Rice

March 01, 2024 | 2:34 pm

MELI

Over the past 15 years, MercadoLibre (NASDAQ:MELI) has significantly outperformed the market, with an average annual return of 37.11%, turning a $1000 investment into $109,964.87 today. The company now has a market capitalization of $80.88 billion.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 2:30 pm

DSX

Diana Shipping Inc. (DSX) has entered into a time charter contract with Louis Dreyfus Company for the m/v Crystalia, an Ice Class Panamax dry bulk vessel. The contract, starting in Q2 2024, has a gross charter rate of $13,900 minus a 5% commission, for 21 to 25 months, expected to generate $8.76 million in gross revenue. Following the sale of m/v Houston and m/v Artemis, DSX's fleet will include 38 vessels, with plans to add two methanol dual fuel Kamsarmax vessels by 2028. The current fleet's capacity is about 4.5 million dwt.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 2:19 pm

CPRT

Copart (NYSE:CPRT) has seen a 17.82% increase in its short percent of float since the last report, with 9.22 million shares sold short, representing 1.19% of available shares. It would take about 2.62 days to cover these short positions based on current trading volume. This rise in short interest could indicate a more bearish market sentiment towards Copart, although it has less short interest compared to its peers' average of 3.49%. The increase in short interest doesn't necessarily predict a price drop but suggests traders are betting more on a decline.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 2:15 pm

IOVA

Iovance Biotherapeutics (NYSE:IOVA) has seen a decrease in short interest, now at 16.64% of float, down 6.67% from the last report. With 42.98 million shares sold short, it would take about 7.73 days to cover all short positions. This change in short interest could indicate a shift in market sentiment towards IOVA, potentially signaling a more bullish outlook compared to its peers, which have an average short interest of 10.54%.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 2:15 pm

PXD

Pioneer Natural Resources (NYSE:PXD) has seen an 8.78% increase in short percent of float since its last report, with 6.62 million shares sold short, representing 2.85% of available shares. This indicates a bearish market sentiment, although it's below the peer group average of 6.43% short interest. The rise in short interest doesn't necessarily predict a price drop but suggests increased bearishness among traders.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 2:15 pm