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AMC

DJT

Trump Media & Technology Group Corp. (NASDAQ:DJT) has emerged as a potential new meme stock after its Nasdaq debut saw significant price movement. Steve Sosnick of Interactive Brokers identifies three characteristics of meme stocks: quasi-religious fervor among shareholders, disregard for fundamentals, and high short interest. DJT's stock movement is attributed to Donald Trump's loyal supporters, despite the company's modest revenue of $3.3 million in the first nine months of 2023 compared to its market cap of $7.51 billion. The stock closed down 6.43% at $61.96.

Portfolio Pulse from Erica Kollmann

March 29, 2024 | 2:31 pm

EWBC

East West Bancorp (NYSE:EWBC) has seen a 17.46% increase in short percent of float since its last report, with 5.17 million shares sold short, representing 4.17% of available shares. This indicates a bearish market sentiment, although it's not a definitive predictor of stock performance. The company's short interest is higher than its peer group average of 3.93%.

Portfolio Pulse from Benzinga Insights

March 29, 2024 | 2:30 pm

TTD

Trade Desk (NASDAQ:TTD) has significantly outperformed the market over the past 5 years, with an annualized return of 20.58% and an average annual return of 33.41%, growing a $1000 investment to $4,241.01. The company now has a market capitalization of $42.71 billion.

Portfolio Pulse from Benzinga Insights

March 29, 2024 | 2:30 pm

CMG

Over the past 5 years, Chipotle Mexican Grill (NYSE:CMG) has outperformed the market with an annualized return of 32.76%, turning a $100 investment into $411.88. The company's market capitalization stands at $79.71 billion.

Portfolio Pulse from Benzinga Insights

March 29, 2024 | 2:30 pm

EQIX

Equinix (NYSE:EQIX) has seen a 30.82% increase in its short percent of float since the last report, with 1.39 million shares sold short, representing 1.91% of available shares. This indicates a bearish sentiment among investors, although it's not a definitive predictor of a price drop. Equinix's short interest is below its peer group average of 4.09%, suggesting less bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

March 29, 2024 | 2:30 pm

FCNCA

First Citizens BancShares (NYSE:FCNCA) has seen a 30.23% increase in short interest since its last report, with 259 thousand shares sold short, representing 2.24% of its float. This indicates a bearish market sentiment towards FCNCA, although it's not a definitive predictor of stock price movement. The company's short interest is higher than its peer group average of 1.60%, suggesting more bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

March 29, 2024 | 2:15 pm

SNOW

Snowflake (NYSE:SNOW) has seen a decrease in short interest, with 8.69 million shares sold short, representing 2.69% of its float. This is a 7.56% decline from its last report. The current short interest suggests a bullish sentiment among investors, as it is lower than the peer group average of 6.14%. Short interest is a key indicator of market sentiment, and a decrease often signals that investors are becoming more optimistic about the stock's future performance.

Portfolio Pulse from Benzinga Insights

March 29, 2024 | 2:15 pm

SHW

Sherwin-Williams (NYSE:SHW) has seen a 9.8% increase in short interest since its last report, with 2.84 million shares sold short, representing 1.12% of its float. The current short interest suggests a bearish market sentiment, although it's lower than its peer group average of 4.17%. The article highlights the importance of tracking short interest as an indicator of market sentiment and compares Sherwin-Williams's short interest against its peers.

Portfolio Pulse from Benzinga Insights

March 29, 2024 | 2:00 pm

LOW

Over the past 20 years, Lowe's Companies (NYSE:LOW) has produced an average annual return of 11.75%, outperforming the market by 3.88% annually. A $100 investment in LOW 20 years ago would be worth $919.93 today. Lowe's currently has a market capitalization of $146.08 billion.

Portfolio Pulse from Benzinga Insights

March 29, 2024 | 2:00 pm

NFLX

Over the past 20 years, Netflix (NASDAQ:NFLX) has delivered an average annual return of 27.01%, turning a $1000 investment into $119,084.31 today. With a current market capitalization of $262.63 billion, NFLX's performance highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

March 29, 2024 | 2:00 pm