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The article discusses the potential impact on markets if the Federal Reserve does not cut interest rates in 2024, considering recent inflation data and labor market strength. It highlights risks from supply chain issues, wage growth, and fiscal policy challenges. The iShares Russell 2000 ETF (IWM), Nvidia Corporation (NVDA), Meta Platforms Inc (META), the Invesco Dollar Index Bullish Fund (UUP), the SPDR Gold Shares ETF (GLD), and the United States Oil Fund ETF (USO) are mentioned in relation to their potential reactions to prolonged high interest rates.

Portfolio Pulse from Neil Dennis

February 27, 2024 | 2:42 pm

BTCUSD

ETHUSD

Bitcoin and Ethereum saw significant gains, with Bitcoin surpassing the $56,000 mark and Ethereum trading above $3,200. The global crypto market cap increased by 8.3% to $2.15 trillion. Pepe and Theta Network were among the top gainers, while Worldcoin was the biggest loser. The article lists the top ten crypto gainers and losers over the past 24 hours.

Portfolio Pulse from Avi Kapoor

February 27, 2024 | 2:31 pm

WIMI

WiMi Hologram Cloud (NYSE:WIMI) has seen a 27.81% decrease in short interest, now at 491 thousand shares or 1.09% of float, taking 3.79 days on average to cover. This decline in short interest could indicate a more bullish sentiment towards WIMI, contrasting with its peers where the average short interest is 2.23% of float.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 2:30 pm

GEHC

GE HealthCare Techs (NYSE:GEHC) has seen a rise in short interest, now at 4.29% of its float, indicating increased bearish sentiment. However, this level of short interest is higher than its peer group average of 3.78%, suggesting GEHC is more heavily shorted than its competitors. The article suggests that while increased short interest can signal bearish market sentiment, it can also present bullish opportunities under certain conditions.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 2:30 pm

TMO

Thermo Fisher Scientific (NYSE:TMO) has delivered an average annual return of 16.82% over the past 5 years, outperforming the market by 4.18% on an annualized basis. With a current market capitalization of $214.86 billion, an investment of $100 in TMO stock 5 years ago would be worth $213.77 today.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 2:30 pm

ZJYL

Jin Medical International (NYSE:ZJYL) has seen a significant decrease in short interest, with a 95.59% drop since the last report, indicating a potential shift in market sentiment towards the stock. The current short interest represents only 0.1% of the available shares for trading. This change suggests that investors may be becoming more bullish on ZJYL, contrasting with the average short interest of 9.26% among its peers.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 2:30 pm

ELS

Equity Lifestyle Properties (ELS) has seen a decrease in short interest, with the short percent of float falling 14.29% to 2.58% of all shares available for trading. This indicates a reduction in bearish sentiment among traders. The current short interest stands at 3.93 million shares, requiring approximately 2.84 days for traders to cover their short positions. Comparatively, ELS has a higher short interest than its peer group average of 2.08%, suggesting more bearish sentiment towards ELS than its peers.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 2:15 pm

AGBA

AGBA Group Holding Limited, a leading financial supermarket in Hong Kong, is poised for growth in 2024, leveraging Hong Kong's recovering macro environment. The company has refined its business model, implemented cost-cutting measures, and secured funds through equity private placement. Despite a significant share price decline since its Nasdaq listing in 2022, AGBA sees a disconnect between its share price and business value, indicating potential upside for shareholders. Strategic partnerships and expansion plans, including to Singapore, are expected to bolster AGBA's market position.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 2:09 pm

WFC

Wells Fargo & Company announced Doug Braunstein will join as Vice Chairman effective February 28. Braunstein, with over 35 years of financial industry experience, including roles at JPMorgan Chase, will focus on growing Wells Fargo's corporate finance and advisory businesses. He will report to CEO Charlie Scharf and aims to leverage his extensive experience to further strengthen Wells Fargo's Corporate and Investment Banking (CIB) sector and provide strategic counsel to senior management.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 2:03 pm

CLSK

CleanSpark, Inc. has completed the acquisition of three bitcoin mining data centers in Mississippi, effectively boosting its operating hashrate to over 15 EH/s. Operations at these facilities have already commenced, with an expected hashrate of 2.4 EH/s once fully equipped. CEO Zach Bradford highlighted the expansion as a significant milestone, emphasizing the company's commitment to community partnership and economic growth through job creation and investment in local infrastructure. CleanSpark's history of contributing to community development in Georgia is cited as a precedent for its expected positive impact in Mississippi.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 2:01 pm