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Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin fell after the Fed left rates unchanged, signaling a temporary setback. Meanwhile, a new ETF allows investment in major tech stocks, and Binance faces a lawsuit for allegedly aiding terrorists. In the US, market sentiment declined following the Fed's decision, impacting stocks and the Dow. Globally, tensions with Iran and China's cyber activities raise concerns. Economic indicators suggest a looming recession, while in tech, Apple's new products and partnerships draw attention. The electric vehicle sector sees advancements and legal challenges for Tesla.

Portfolio Pulse from Akanksha Bakshi

February 01, 2024 | 1:22 pm

RKLB

Rocket Lab USA Inc (NASDAQ:RKLB) shares dropped after announcing a $275 million convertible senior notes offering and preliminary Q4 financial results. The funds will partly repay borrowings and finance capped call transactions. Preliminary Q4 revenues are expected between $59 million and $61 million, with a net loss of $49 million to $52.5 million. The company also highlighted its 43rd Electron mission success and a record backlog, indicating a strong future outlook despite the current financial loss.

Portfolio Pulse from Adam Eckert

February 01, 2024 | 1:20 pm

KLAC

KLA Corporation's (NYSE:KLAC) short interest has decreased by 9.88%, now standing at 1.98 million shares or 1.46% of its float. This decline suggests a more bullish sentiment among investors compared to its last report. With a peer group average short interest of 6.68%, KLA has significantly less short interest, indicating potentially stronger investor confidence in comparison to its peers.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 1:00 pm

COR

Cencora (NYSE:COR) has seen an 8.1% increase in its short percent of float since the last report, with 7.86 million shares sold short, representing 4.94% of available shares. This indicates a bearish market sentiment, although it doesn't necessarily predict a price drop. Cencora's short interest is higher than its peer group average of 4.21%, suggesting more bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 1:00 pm

KEYS

Keysight Technologies (NYSE:KEYS) has seen a decrease in short interest, now at 2.74 million shares or 2.03% of float, down 6.88% since the last report. This indicates less bearish sentiment among traders. The current short interest is below the peer group average of 6.33%, suggesting KEYS is performing well compared to its peers. Short interest is a key indicator of market sentiment, with decreases potentially signaling increased bullishness.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 1:00 pm

AROW

Arrow Financial reported a Q4 GAAP EPS of $0.46, a decrease from $0.71 YoY. Total cash and cash equivalents stood at $142.5 million as of December 31.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 12:54 pm

GTE

Gran Tierra Energy Inc. announced a private offering of an additional amount of its 9.5% Senior Secured Amortizing Notes due 2029. This move is aimed at raising capital, possibly for debt refinancing, investments, or operational enhancements.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 12:48 pm

GWW

Grainger has announced its plans to open a new 1.2 million-square-foot distribution center in Hockley, Texas, scheduled for 2026. This expansion aims to enhance the company's distribution capabilities and efficiency.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 12:32 pm

HII

Huntington Ingalls Industries (HII) forecasts FY24 free cash flow of $600-$700M, with shipbuilding revenue expected between $8.8B-$9.1B and operating margin at 7.6%-7.8%. Mission Technologies revenue is projected at $2.7B-$2.75B with an operating margin of 3.0%-3.5% and EBITDA margin of 8.0%-8.5%. Other financial metrics include an operating FAS/CAS adjustment of ($63M), an interest expense of ($90M), a non-operating retirement benefit of $178M, and an effective tax rate of ~21%.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 12:18 pm

EIS

SPY

USO

Reuters reported that OPEC+ will review in early March the possibility of extending the 2.2 million barrels per day (B/D) of voluntary oil production cuts, which are set to expire at the end of Q1. This decision is based on a source's information.

Portfolio Pulse from Charles Gross

February 01, 2024 | 12:17 pm