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GLD

MSTR

NVDA

SMH

NVIDIA Corp (NVDA) has traced a bearish outside day pattern, leading to a significant loss in value. The Arora Report had previously signaled to hedge NVDA positions, which has proven effective. NVDA's performance is crucial due to its central role in the AI revolution and its impact on the S&P 500 and semiconductor sector. The article also notes central banks buying gold, with positive early trade money flows in AAPL, GOOG, and TSLA, but negative in AMZN, META, MSFT, NVDA, SPY, and QQQ. MicroStrategy Inc (MSTR) is buying more Bitcoin, which has surpassed $72,000.

Portfolio Pulse from The Arora Report

March 11, 2024 | 3:51 pm

ASML

GSK

RSP

Goldman Sachs highlights concerns over the U.S. stock market's heavy concentration in its largest tech stocks, suggesting a 'barbell approach' for investors to diversify. The top 10 U.S. stocks now represent 33% of the S&P 500 market cap, leading to market performance skew. The firm also sees investment opportunities in Japan and the healthcare sector, and highlights European GRANOLAS stocks for their lower valuations and solid performance.

Portfolio Pulse from Piero Cingari

March 11, 2024 | 2:38 pm

PETV

PetVivo Holdings Inc and ThinkEquity LLC have mutually agreed to terminate their ATM Sales Agreement as of March 7, 2024. Under this agreement, PetVivo had the option to sell shares of its common stock up to $2,500,000 through at-the-market offerings. Prior to termination, PetVivo issued and sold 674,000 shares, raising $959,033.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 2:25 pm

HUBB

Four financial analysts have recently reviewed Hubbell (NYSE:HUBB), all maintaining an indifferent stance over the past quarter. Despite this, the 12-month price targets for HUBB show optimism, with an average target of $369.5, marking a 13.0% increase from the previous $327.00. Analysts from Deutsche Bank, Wells Fargo, and Barclays have adjusted their price targets, reflecting a positive outlook based on Hubbell's financial performance, including a 10.35% revenue growth and a net margin of 12.68%. However, Hubbell's debt-to-equity ratio of 0.8 poses a higher financial risk.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 2:00 pm

WAVD

WaveDancer, Inc. (NASDAQ:WAVD) is urging its stockholders to vote FOR the proposals at the upcoming special meeting on March 14, 2024. The Board highlights the importance of these votes for the merger with Firefly Neuroscience, potential fundraising efforts, and avoiding negative outcomes like asset sales at low prices or Nasdaq delisting. CEO Jamie Benoit emphasizes voting FOR the proposals aligns with the long-term interest of stockholders, but encourages all to vote regardless of their stance.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 1:51 pm

CERO

DUO

ELTK

JFBR

PIK

TCBP

U.S. stocks traded lower with the Dow Jones, NASDAQ, and S&P 500 all experiencing declines. Materials shares saw a rise, while information technology shares dropped. Eltek Ltd. reported disappointing earnings, while Kidpik Corp., Fangdd Network Group Ltd., and TC Biopharm (Holdings) Plc saw significant stock price increases. Conversely, Eltek Ltd., Jeffs' Brands Ltd, and CERo Therapeutics Holdings, Inc. experienced notable declines. Oil and gold traded lower, while silver and copper saw gains. European and Asian markets showed mixed results, with specific economic data highlighted for Spain, China, and Japan.

Portfolio Pulse from Avi Kapoor

March 11, 2024 | 1:48 pm

CHH

Choice Hotels International, Inc. (NYSE:CHH) announced the expiration of its exchange offer to acquire Wyndham Hotels & Resorts, Inc. (NYSE:WH) and withdrew its nomination of independent director candidates for Wyndham's 2024 Annual Meeting. Despite attempts to negotiate, including multiple offer increases, Choice will focus on its standalone strategy. Wyndham urged shareholders to support its Director nominees, citing a clear path to deliver shareholder value beyond Choice's offer. Choice also announced a share repurchase program increase by five million shares, totaling approximately 6.8 million shares authorized for repurchase. WH stock dropped 3.13% to $73.70, while CHH shares rose 6.17% to $128.50 in premarket trading.

Portfolio Pulse from Shivani Kumaresan

March 11, 2024 | 1:09 pm

NRDS

Six financial analysts have recently updated their ratings on Nerdwallet (NASDAQ:NRDS), showing a mix of bullish to bearish sentiments. The average 12-month price target for NRDS has been raised to $18.33, indicating a 12.25% increase from the previous target. Analysts from firms like Morgan Stanley, Keybanc, Barclays, Truist Securities, and Citigroup have adjusted their ratings and price targets, reflecting their latest views on the company's performance and market position. Despite these updates, Nerdwallet faces challenges with a decline in revenue growth, below industry benchmarks in net margin, ROE, and ROA, but maintains a low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 1:00 pm

APA

EOG

VNOM

Wall Street's most accurate analysts recommend buying three energy stocks with over 3% dividend yields: Viper Energy, Inc. (VNOM), EOG Resources, Inc. (EOG), and APA Corporation (APA). These recommendations come amidst market turbulence, highlighting the stocks' strong dividend yields and recent analyst ratings adjustments. VNOM recently announced a secondary stock offering, EOG posted in-line quarterly earnings, and APA reported disappointing quarterly results.

Portfolio Pulse from Avi Kapoor

March 11, 2024 | 12:44 pm

ARM

NNOX

NVDA

RXRX

SOUN

TSPH

Nvidia Corp. (NVDA) has significantly expanded its venture capital investments in AI startups, growing its investment from $300 million to $1.55 billion. This strategy aims to secure a foothold in emerging AI trends and support the ecosystem for its technology. Nvidia has also acquired stakes in several listed companies, including Arm Holdings (ARM), Nano-X Imaging (NNOX), Recursion Pharmaceuticals (RXRX), SoundHound AI (SOUN), and TuSimple Holdings (TSPH). CEO Jensen Huang's long-term vision emphasizes investing in AI's future to maintain Nvidia's industry leadership.

Portfolio Pulse from Shanthi Rexaline

March 11, 2024 | 12:42 pm