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SPY

USA Construction Spending for February decreased by 0.3% month-over-month, underperforming against the estimated 0.7% increase and also lower than the previous month's -0.2%.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 2:01 pm

FSLR

First Solar (NASDAQ:FSLR) has significantly outperformed the market with an average annual return of 24.79% over the past 5 years, turning a $1000 investment into $3,075.93 today. The company's market capitalization stands at $18.20 billion.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 2:00 pm

RSG

Republic Services (NYSE:RSG) has seen a 7.75% decrease in short interest, now at 2.44 million shares or 1.19% of float, with a 2.34-day average to cover. This decline in short interest could indicate a more bullish sentiment towards RSG compared to its peers, where the average short interest is 3.43% of float.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 2:00 pm

LHX

Over the past 20 years, L3Harris Technologies (NYSE:LHX) has produced an average annual return of 11.25%, outperforming the market by 3.34% annually. A $1000 investment in LHX 20 years ago would be worth $8,377.20 today. L3Harris Technologies currently has a market capitalization of $40.23 billion.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 2:00 pm

RKLB

Rocket Lab USA (NYSE:RKLB) has seen a 6.76% increase in its short percent of float since the last report, reaching 17.38% of all shares available for trading. With 50.70 million shares sold short, it would take approximately 7.08 days for traders to cover their short positions. This rise in short interest indicates a more bearish market sentiment towards RKLB, although it doesn't necessarily predict a near-term price drop. Compared to its peers, RKLB has a higher short interest percentage, suggesting more bearish sentiment than average within its peer group.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 2:00 pm

AMP

Ameriprise Financial's (NYSE:AMP) short interest has increased by 16.67% since the last report, with 970,000 shares sold short, representing 1.12% of its float. It would take approximately 1.95 days to cover these short positions. The rise in short interest can indicate a bearish market sentiment towards AMP, although it has less short interest compared to its peer group average of 2.77%. This information suggests investors are showing increased bearishness but AMP is still below the peer average.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 1:45 pm

AMKR

Amkor Tech's (NYSE:AMKR) short interest has increased by 8.96% since the last report, with 3.37 million shares sold short, representing 5.11% of its float. It would take approximately 2.93 days to cover these short positions. The rise in short interest can indicate a bearish market sentiment towards AMKR, although it has less short interest compared to its peer group average of 7.01%. This information is crucial for investors as it provides insight into market sentiment and potential stock movement.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 1:45 pm

DELL

Dell Technologies's (NYSE:DELL) short interest has decreased by 8.54% since the last report, with 7.75 million shares sold short, representing 2.57% of its float. This decline in short interest could indicate a more bullish sentiment towards DELL among traders. Compared to its peers, DELL has a lower short interest percentage of float, with the average being 6.32%. Short interest is a key indicator of market sentiment, and a decrease suggests that investors may be becoming more optimistic about the stock's future performance.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 1:45 pm

ZIMV

ZimVie anticipates reaching over $455M in annualized net sales and a 15%+ adjusted EBITDA margin one year post-deal closure. The company plans to pay down $275M in debt, resulting in a total debt of $234M and an estimated cash reserve of $66M by April 2, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 1:37 pm

ZIMV

ZimVie Inc. (NASDAQ:ZIMV) has completed the sale of its Spine business to an affiliate of H.I.G. Capital for $375 million, including $315 million in cash and a $60 million promissory note. The sale is part of ZimVie's strategy to focus on the dental market and optimize its structure for shareholder value. Post-sale, ZimVie plans to pay down $275 million of its debt, aiming for a financial profile of $455+ million in Net Sales and a 15%+ adjusted EBITDA margin one year post-closure.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 1:36 pm