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ONLN

XLY

Amazon's AWS plans to invest $11 billion in Indiana for a new data center campus, marking the state's largest capital investment. This move will create at least 1,000 jobs and support AI technologies. AWS leads the global cloud market with a 31% share. Amazon's stock has risen over 66% in the past year, and its growth in AI and cloud services is expected to continue. Investors can gain exposure to Amazon through ETFs like XLY and ONLN.

Portfolio Pulse from Anusuya Lahiri

April 25, 2024 | 4:17 pm

TT

Trane Technologies (NYSE:TT) has seen a 4.76% increase in its short percent of float since the last report, with 2.50 million shares sold short, representing 1.1% of available shares. It would take about 3.35 days to cover these short positions. While an increase in short interest can indicate bearish market sentiment, it's noted that Trane Technologies has less short interest than its peer group average of 3.93%. This suggests a mixed sentiment among investors regarding TT's stock.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 4:15 pm

MRX

Marex Group, trading under the symbol MRX, opened for trade at $19.50 after its IPO was priced at $19 per share, with a total of 15.385 million shares offered.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 4:08 pm

BTCUSD

ETHUSD

The 'Buy Bitcoin' sign, shown during a 2017 Congressional hearing, sold for $1.027 million at auction, reflecting Bitcoin's significant value increase since then. The sale, made in 16 bitcoin, underscores the growing interest in digital assets, including cryptocurrencies like Bitcoin and Ethereum, and viral internet memes. This trend is highlighted by another auction for a popular meme, with the highest bid at 15 Ethereum. These events illustrate the rising popularity and value of digital and crypto assets.

Portfolio Pulse from Murtuza Merchant

April 25, 2024 | 4:01 pm

ARE

In the latest quarter, Alexandria Real Estate (NYSE:ARE) received mixed analyst ratings, with an overall positive shift in the 12-month price target to $138.4, up 1.02% from $137. Analysts from Evercore ISI Group, Wedbush, JMP Securities, and Deutsche Bank provided ratings, with adjustments to price targets reflecting changing market conditions and company performance. Alexandria Real Estate, a REIT focused on life science, agtech, and technology tenants, showed strong financial performance with a revenue growth rate of 9.75%, a net margin of 21.7%, and an ROE of 0.9%.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 4:01 pm

LOAR

Loar Holdings' IPO is indicating a trading price of $40 per share, significantly above the initial pricing of $28 per share, on a volume of 516,939 shares.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 3:29 pm

SLI

Standard Lithium (AMEX:SLI) has activated the largest direct lithium extraction (DLE) unit in North America, located in El Dorado, Arkansas. This unit, part of a demonstration plant, showcases a sustainable lithium production method with over 97% lithium recovery rate and minimal environmental impact. The DLE technology, which contrasts sharply with traditional mining methods, could revolutionize lithium production, especially in water-scarce regions. Other major companies like Exxon Mobil, Saudi Aramco, and ADNOC are also exploring DLE technology.

Portfolio Pulse from Stjepan Kalinic

April 25, 2024 | 3:24 pm

PCG

PG&E Corp announced a 5-year financing plan to fund $62B in safety and reliability capital expenditures, with no new equity in 2024, potential for substantial dividend growth, and up to $3B in equity needs from 2025-2028.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 3:24 pm

SMCI

Smart money investors have shown a significant interest in Super Micro Computer (NASDAQ:SMCI) options, with a mix of bearish and bullish sentiments. Benzinga's options scanner revealed 60 unusual trades, indicating a potential price range for SMCI between $480.0 and $1500.0 over the next three months. The trading volume and open interest in SMCI options have notably increased, with a mix of put and call options being traded. Super Micro Computer, a provider of high-performance server technology, is approaching its earnings announcement, with its stock price recently up by 1.34% and trading volume at 1,917,663.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 3:16 pm

ETCUSD

Ethereum Classic (CRYPTO: ETC) has seen a 4.45% decrease in price over the last 24 hours, landing at $26.03. This drop is part of a broader negative trend over the past week, with a slight 0.0% loss from $26.11. Despite this, trading volume for ETC has increased by 8.0% over the week, and its circulating supply now stands at 146.73 million, approximately 69.64% of its maximum supply. Ethereum Classic's market cap ranks it 29th at $3.83 billion.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 3:03 pm