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FANG

Diamondback Energy has projected its full-year 2024 oil production guidance to be between 270 and 275 thousand barrels of oil per day (MBO/D), with total production expected to be between 458 and 466 thousand barrels of oil equivalent per day (MBOE/D). The company also anticipates its cash capital expenditures for the year to range from $2.30 billion to $2.55 billion.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 9:09 pm

TTC

Toro (NYSE:TTC) has seen a 35.64% increase in short interest since its last report, with 3.27 million shares sold short, representing 3.92% of its float. This indicates a bearish market sentiment towards TTC, although it's higher than its peer group average of 2.69% short interest. The rise in short interest suggests caution but doesn't necessarily predict a near-term price drop.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 8:45 pm

CANE

The Teucrium Sugar Fund ETF (NYSE:CANE) is experiencing a downtrend since Feb. 12, amidst expectations of a 20% increase in raw sugar prices by 2024 due to a global supply glut influenced by stable production in Brazil and stagnant growth in India. Despite the downtrend, CANE offers a unique investment opportunity as it tracks sugar futures, a commodity not moving in tandem with U.S. stock market trends, potentially serving as a market hedge. The ETF showed signs of a potential reversal with a dragonfly doji candlestick indicating a possible local bottom.

Portfolio Pulse from Melanie Schaffer

February 20, 2024 | 8:42 pm

COIN

HOOD

Retail investors are cautiously returning to the cryptocurrency market, with significant increases in activity reported by major U.S. crypto exchanges like Coinbase and Robinhood. Despite the market's volatility and the losses faced during the 2022 crash, the launch of U.S. ETFs investing in Bitcoin has reignited interest. However, the current level of enthusiasm does not match the previous bull market's fervor. Retail traders, crucial to the crypto ecosystem, are adopting a more measured approach, emphasizing risk management and the potential for long-term growth.

Portfolio Pulse from Murtuza Merchant

February 20, 2024 | 8:38 pm

MSTR

Michael Saylor, executive chairman of MicroStrategy Inc (NASDAQ:MSTR), remains bullish on Bitcoin, emphasizing a long-term 'buy and hold' strategy. He views ETFs as a gateway for institutional capital into Bitcoin, predicting this will benefit the Bitcoin ecosystem and MicroStrategy's leveraged strategy. Saylor sees Bitcoin as the ultimate exit strategy and a superior store of value, predicting capital will shift from traditional assets to Bitcoin.

Portfolio Pulse from Murtuza Merchant

February 20, 2024 | 8:16 pm

WEX

WEX Inc. (NYSE:WEX) has seen a 23.23% increase in short interest since its last report, with 515 thousand shares sold short, representing 1.22% of its float. This indicates a bearish market sentiment, although it's below the peer group average of 5.22%. The coverage time for these short positions is approximately 1.79 days based on trading volume.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 7:15 pm

ISRG

Intuitive Surgical's (NYSE:ISRG) short interest has increased by 8.97% since the last report, with 2.97 million shares sold short, representing 0.85% of its float. It would take 1.41 days on average to cover these short positions. The rise in short interest can indicate a bearish market sentiment towards ISRG, although it has less short interest compared to its peers' average of 3.93%. This situation doesn't necessarily predict a price drop but suggests increased short selling activity.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 7:15 pm

APP

AppLovin (NYSE:APP) has seen an 8.54% increase in its short percent of float since the last report, with 15.83 million shares sold short, representing 11.69% of available shares. This indicates a bearish market sentiment towards APP, although it doesn't necessarily predict a price drop. AppLovin's short interest is significantly higher than its peer group average of 2.62%, suggesting more bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 7:15 pm

ATOMUSD

Cosmos Hub's cryptocurrency, ATOM, has seen a 3.6% decrease in price over the last 24 hours, continuing a week of negative trend with a slight 0.0% loss. The trading volume and circulating supply have also decreased, with the market cap ranking at #27.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 7:03 pm

RIO

Rio Tinto PLC (NYSE:RIO) is facing investor scrutiny as it prepares to release its full-year 2023 earnings on Feb. 21, amid a share price dip of over 11% year-to-date and allegations of water pollution in Mongolia and Madagascar. Despite these challenges, the company's diversified commodity portfolio, strategic assets, and optimistic iron ore price outlook could present a value opportunity. However, the technical setup appears bearish, with mixed signals from moving averages and a neutral consensus analyst rating with a price target of $6.45.

Portfolio Pulse from Surbhi Jain

February 20, 2024 | 7:02 pm