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BABA

PDD

Chinese e-commerce giants Shein and Temu, owned by PDD Holdings Inc (NASDAQ:PDD), are significantly increasing air freight costs due to the volume of packages they send to the U.S. daily. TikTok Shop and Alibaba Group Holding Ltd (NYSE:BABA) also contribute to the air cargo demand. Temu's expansion in Korea and Japan has led to a substantial increase in subscribers, challenging traditional e-commerce platforms and further pressuring air cargo capacity.

Portfolio Pulse from Surbhi Jain

February 21, 2024 | 2:14 pm

TLT

Mortgage rates have risen above 7% due to hot inflation and reduced expectations for Federal Reserve rate cuts. The average rate for 30-year fixed-rate mortgages reached 7.06%, causing a 10.6% drop in mortgage applications. Inflation data for January showed a rise, leading to adjustments in rate cut expectations and an increase in Treasury yields. The iShares 20+ Year Treasury Bond ETF (TLT) experienced a 4% decline this month, its worst performance since October.

Portfolio Pulse from Piero Cingari

February 21, 2024 | 2:07 pm

ACGL

Over the past 10 years, Arch Capital Group (NASDAQ:ACGL) has produced an average annual return of 16.46%, outperforming the market by 6.11%. A $1000 investment in ACGL a decade ago would now be worth $4,637.15. The company currently has a market capitalization of $31.87 billion.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 2:00 pm

BKNG

Over the past 15 years, Booking Holdings (NASDAQ:BKNG) has outperformed the market with an annualized return of 28.61%, turning a $1000 investment into $42,801.11. The company currently has a market capitalization of $129.44 billion.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 2:00 pm

NUE

Nucor Corporation (NYSE:NUE) has received approval from its Board of Directors for an $860 million investment to build a new rebar micro mill in the Pacific Northwest, marking the company's fourth and largest rebar micro mill. This new facility, with a production capacity of 650,000 tons per year, aims to enhance Nucor's leadership in the steel bar market and improve service to customers west of the Rocky Mountains. The project, which is still in the location evaluation phase, is expected to take two years to complete, pending regulatory approvals. Nucor's commitment to producing environmentally friendly steel from nearly 100% recycled scrap is emphasized, alongside the anticipated growth in the domestic rebar market driven by increased U.S. infrastructure investments.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 1:42 pm

CDZI

Cadiz Inc. (CDZI) and Heerema IGS have entered into a financing agreement where Heerema will acquire a $21.2 million Senior Secured Loan and provide an additional $20 million to fund Cadiz's capital investments for revenue generation, operations, and growth.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 1:41 pm

LULU

Lululemon Athletica's (NYSE:LULU) short interest has decreased by 16.72%, with 2.85 million shares sold short, representing 2.79% of its float. This decline in short interest could indicate a more bullish sentiment towards LULU among investors. Compared to its peers, LULU has a lower short interest percentage of float, with the average being 8.45%. Short interest is a critical metric for gauging market sentiment, and a decrease suggests that fewer traders are betting against the stock.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 1:15 pm

ELF

e.l.f. Beauty's (NYSE:ELF) short interest has decreased by 8.94% since the last report, with 2.97 million shares sold short, representing 7.64% of its float. This decrease in short interest could indicate a more bullish sentiment towards ELF among traders. The company's short interest is higher than its peer group average of 6.12%, suggesting it is more heavily shorted compared to its peers.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 1:15 pm

ABNB

Airbnb's (NYSE:ABNB) short interest has increased by 3.81% since the last report, with 18.69 million shares sold short, representing 4.36% of its float. This indicates a bearish market sentiment, although it's below the peer group average of 5.53%. The article suggests that an increase in short interest doesn't necessarily predict a price drop and can be bullish.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 1:15 pm

TNON

Tenon Medical has successfully raised approximately $2.6 million through a Series A Preferred Stock offering. The company used part of the proceeds to retire $1.25 million in secured debt.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 1:06 pm