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ADAUSD

Cardano (ADA) experienced a 9% rally, reaching an 18-month high, with analysts predicting further gains. The Cardano Foundation's 2023 report highlighted significant achievements and partnerships, contributing to positive sentiment around ADA. Analysts see potential for a 32% rally if ADA sustains a close above $0.53, with technical indicators supporting bullish forecasts.

Portfolio Pulse from Khyathi Dalal

February 08, 2024 | 6:35 pm

FCFS

FirstCash Holdings (NYSE:FCFS) has seen a 22.07% decrease in short interest, now at 337 thousand shares or 1.13% of float, indicating a potential shift in market sentiment towards the stock. With a peer average short interest of 8.44%, FCFS's lower short interest suggests it is viewed more favorably than its peers. The decrease in short interest could signal a more bullish outlook among investors, despite not guaranteeing near-term stock price rise.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 6:30 pm

ZBH

Zimmer Biomet Holdings (NYSE:ZBH) has seen a decrease in short interest, now at 2.52% of its float, down 3.45% from the last report. With 4.11 million shares sold short, it would take about 2.27 days to cover all short positions. This decline in short interest could indicate a more bullish sentiment towards ZBH among investors. Compared to its peers, ZBH has a lower short interest percentage, with the average for its peer group being 4.15%.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 6:30 pm

COF

Over the past 15 years, Capital One Financial (NYSE:COF) has outperformed the market with an annualized return of 17.38%, turning a $1000 investment into $10,913.68. The company currently has a market capitalization of $50.89 billion.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 6:30 pm

DLTR

Over the past 20 years, Dollar Tree (NASDAQ:DLTR) has produced an average annual return of 13.52%, turning a $1000 investment into $12,622.38 today. With a current market capitalization of $30.47 billion, DLTR has outperformed the market by 5.97% on an annualized basis.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 6:30 pm

ARKK

COIN

GS

PLTR

ZS

Thrash Capital highlights top stock picks for 2024, focusing on Goldman Sachs, Coinbase, ARK Innovation ETF, Palantir Technologies, and Zscaler. These companies and ETF are selected based on their potential for growth, innovation, and strong market positions in their respective sectors. Factors such as diverse revenue streams, strategic initiatives, market trends, and financial performance are considered critical for their success in the upcoming year.

Portfolio Pulse from Thrash Capital

February 08, 2024 | 6:14 pm

NEE

Over the past 20 years, NextEra Energy (NYSE:NEE) has produced an average annual return of 10.06%, outperforming the market by 2.51% on an annualized basis. A $1000 investment in NEE 20 years ago would be worth $6,802.14 today. NextEra Energy currently has a market capitalization of $114.18 billion.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 6:00 pm

APH

Over the past 5 years, Amphenol (NYSE:APH) has outperformed the market with an annualized return of 17.98%, turning a $1000 investment into $2,324.16 today. The company's market capitalization stands at $62.38 billion.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 6:00 pm

ETH-USD

On Wednesday, 8,548.90 Ether (ETH) worth approximately $20.76 million was burned, permanently removing it from circulation. This action follows the Ethereum blockchain's EIP-1159 upgrade implemented on August 5, 2021, which introduced a variable base fee for transactions that is burned. The current issuance rate of new Ether is 4% per year, expected to decrease to 0.5-1% with the Ethereum 2.0 upgrade, potentially making ETH a deflationary currency. The net annualized issuance rate for Ether was -9.78% yesterday.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 6:00 pm

GOOG

MSFT

SPY

TSLA

The S&P 500 surpassing $5000 and China's fastest price drop since 2009 are key highlights. SPDR S&P 500 ETF Trust (SPY) reflects the S&P 500's performance. Jobless claims remain steady, indicating a strong job market. Treasury auctions draw significant investor interest. Alphabet Inc (GOOG) rebrands its large language model to Gemini, competing with Microsoft's (MSFT) ChatGPT. China's price drop may prompt economic measures, affecting global markets. Early trade shows varied money flows in major tech stocks and ETFs, with notable movements in Tesla (TSLA), Meta Platforms (META), NVIDIA (NVDA), and Amazon (AMZN). Gold and oil ETFs (GLD, USO) see specific trading patterns, while Bitcoin experiences aggressive buying.

Portfolio Pulse from The Arora Report

February 08, 2024 | 5:50 pm