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AMZN

Amazon.com Inc (NASDAQ:AMZN) is set to report its Q1 earnings with expectations of 78 cents EPS and $133.1 billion in revenues. The stock has seen a 71.10% increase over the past year and an 18.22% YTD rise, buoyed by its strong positioning in AI, cloud computing, and e-commerce. Investors are watching AWS performance, digital advertising market-share gains, and the impact of price increases on third-party sellers. Amazon's focus on profitability, operational efficiency, and strategic investments in robotic automation are key. Technical analysis indicates a bullish trend, with a 17% upside as per Wall Street analysts.

Portfolio Pulse from Surbhi Jain

April 29, 2024 | 2:29 pm

MMAT

Meta Materials (NYSE:MMAT) has seen a 4.42% increase in short interest, now at 11.1% of its float, indicating a bearish market sentiment. With 699 thousand shares sold short and a 2.1-day average to cover, MMAT's short interest is higher than its peer group average of 7.00%. This rise in short interest can be a bullish indicator as it suggests potential for a short squeeze.

Portfolio Pulse from Benzinga Insights

April 29, 2024 | 2:15 pm

APEUSD

BTCUSD

DOGEUSD

LDOUSD

MATICUSD

SHIBUSD

Veteran trader 'Cold Blooded Shiller' speculates that certain altcoins, including meme coins, may become irrelevant as the market favors stronger performers and Bitcoin. He notes that some altcoins have failed to maintain their gains, using Polygon (MATIC), Lido (LDO), and ApeCoin (APE) as examples, while others like Dogecoin (DOGE) and Shiba Inu (SHIB) have shown notable gains. The discussion raises questions about the future relevance of underperforming altcoins.

Portfolio Pulse from Khyathi Dalal

April 29, 2024 | 2:10 pm

SQ

Deep-pocketed investors are showing a bullish sentiment towards Block (NYSE:SQ), with a significant move in options trading detected by Benzinga. The activity includes both calls and puts with a price band focus between $65.0 and $100.0. The market's reaction to this is mixed, with 60% bullish and 40% bearish sentiments. Block's current market status shows a slight increase in stock price, with expert opinions varying but mostly positive, suggesting a potential upward movement in the short term.

Portfolio Pulse from Benzinga Insights

April 29, 2024 | 2:01 pm

LOW

$1000 invested in Lowe's Companies (NYSE:LOW) 10 years ago would now be worth $4,982.93, showcasing an average annual return of 17.65% and outperforming the market by 7.1% on an annualized basis. Lowe's currently has a market capitalization of $132.00 billion.

Portfolio Pulse from Benzinga Insights

April 29, 2024 | 2:00 pm

ANET

Arista Networks (NYSE:ANET) has significantly outperformed the market with an annualized return of 30.52% over the past 5 years, turning a $1000 investment into $3,392.83 today. The company's market capitalization stands at $82.69 billion.

Portfolio Pulse from Benzinga Insights

April 29, 2024 | 2:00 pm

EQNR

Equinor ASA (NYSE:EQNR) shares fell after the restart of the Hammerfest LNG plant was delayed due to a gas leak. The plant, crucial for LNG delivery, was evacuated last week but is expected to resume operations soon. Equinor recently reported Q1 FY24 results with $24.79 billion in adjusted revenue and plans to invest $6 billion annually in oil and gas exploration through 2035.

Portfolio Pulse from Lekha Gupta

April 29, 2024 | 1:48 pm

APLD

Ellendale Facility is operating at approximately 80 MW and is accelerating the restoration of capacity at its Ellendale Data Center Hosting Facility. The company expects to continue ramping up capacity ahead of schedule, as detailed in its earnings release filed on April 11, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 1:20 pm

DOGEUSD

Dogecoin (DOGE) experienced a 5.6% decline, closing its lowest weekly candle in two months, with a trader suggesting a potential retest of the $0.125 to $0.13 support level. Despite short-term bearish or choppy expectations, the trader remains optimistic about Dogecoin's long-term growth. Trading volume increased by 13.2%, and despite a 33.5% monthly loss, 80% of holders remain in profit. Large transaction volume surged by 19.6%, and wallet activity shows sustained interest.

Portfolio Pulse from Khyathi Dalal

April 29, 2024 | 12:41 pm

BEN

Franklin Resources reported its assets under management (AUM) stood at $1.6447 trillion as of March 31. This financial update is crucial for investors monitoring the company's asset management performance.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 12:32 pm