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AZUL

Azul TecOps, a business unit of Azul (AZUL), has received certification from the European Union Aviation Safety Agency (EASA) to provide aircraft and component maintenance services to EU companies. This certification, valid for 2 years with renewal possibility, marks Azul TecOps' first international endorsement and allows it to expand its services beyond Brazil. The certification process involved training over 750 crew members and conducting internal audits. Azul TecOps, leveraging its 15+ years of operational experience and diverse fleet, aims to capture new customers and generate significant revenue in the EU.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 4:52 pm

NVO

Novo Nordisk's Wegovy faces inconsistent insurance coverage despite FDA approval expansion and health benefits. Employers and health plans are hesitant due to the high cost and patient adherence concerns. Some insurers, like Evernorth Health Services (a Cigna Group subsidiary), are introducing cost control measures. North Carolina scaled back coverage due to financial strain, costing nearly $87 million last year. Novo Nordisk offers a savings program to help uninsured patients. Coverage for obesity medications is expected to expand among U.S. employers.

Portfolio Pulse from Vandana Singh

March 18, 2024 | 4:51 pm

AMD

DELL

HPE

NVDA

PAMC

SMCI

XMHQ

Super Micro Computer, Inc (NASDAQ:SMCI) is set to join the S&P 500, leveraging its strategic partnerships with Nvidia Inc (NASDAQ:NVDA) and Advanced Micro Devices Inc (NASDAQ:AMD) to stay at the forefront of the generative AI revolution. Its close proximity to these chip giants has enabled rapid growth and a competitive edge over Dell Technologies Inc (NYSE:DELL) and Hewlett Packard Enterprise Co (NYSE:HPE), leading to a 289% share surge this year. Super Micro's strategy and expansion plans aim to increase its server production for AI applications, with revenues more than doubling in the final quarter of 2023. Investors can gain exposure to Super Micro through Pacer Lunt MidCap Multi-Factor Alternator ETF (NYSE:PAMC) and Invesco S&P MidCap Quality ETF (NYSE:XMHQ).

Portfolio Pulse from Anusuya Lahiri

March 18, 2024 | 4:47 pm

BTCUSD

ETHUSD

Bitcoin sentiment remains bullish with investors betting on prices reaching $100K-$150K, despite recent volatility. QCP Capital's report highlights increased buying activity for Bitcoin put options and long-dated calls, indicating a return of investor greed. Conversely, Ethereum shows signs of investor nervousness with negative perpetual funding rates and a downside skew in risk reversals. QCP also introduces a 'Fear + Greed' trade idea for Bitcoin, offering a fixed weekly coupon and downside protection.

Portfolio Pulse from Murtuza Merchant

March 18, 2024 | 4:41 pm

DKNG

PARA

PEP

WBD

PepsiCo has launched the 'Zero Right Bracket Challenge' in partnership with DraftKings for the NCAA Men's Basketball Tournament, offering $100,000 for a perfectly incorrect bracket. The challenge highlights Pepsi's zero sugar drinks and is free to enter. The contest emphasizes the improbability of perfect brackets, with historical attempts and big prizes noted, including Warren Buffett's $1B offer. The games will be aired by Warner Bros. Discovery and Paramount Global.

Portfolio Pulse from Chris Katje

March 18, 2024 | 4:41 pm

RIVN

Rivian's stock price increased following the announcement that its vehicles will now be compatible with the Tesla supercharger network. This development is expected to enhance the appeal of Rivian's electric vehicles by providing access to Tesla's extensive charging infrastructure.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 4:36 pm

AAPL

GOOG

GOOGL

NVDA

Nvidia Corp's stock (NVDA) is experiencing an uptick ahead of its GTC 2024 event, driven by optimism around its next AI chip and potential partnerships with Alphabet, Inc. (GOOGL, GOOG) and Apple, Inc. (AAPL). Technical analysis suggests a moderately bullish trend with buying opportunities, despite slight overbought conditions. The stock is currently trading at $903.65.

Portfolio Pulse from Surbhi Jain

March 18, 2024 | 4:29 pm

WLDS

Wearable Devices Ltd. (NASDAQ:WLDS) shares surged after its XR team published a report on wearable technology advancements, highlighting the smart glasses market growth and the effectiveness of its Mudra Band. The stock experienced heavy trading, with over 30 million shares traded, significantly above its 100-day average. The report's positive reception and the high trading volume indicate strong investor interest.

Portfolio Pulse from Erica Kollmann

March 18, 2024 | 4:26 pm

EADSY

The article discusses Boeing's recent challenges, attributing them not to a conspiracy but to internal issues such as DEI, corporate greed, outsourcing, and a shift from engineering to financial management. It highlights the move of Boeing's HQ from Seattle to Chicago and the outsourcing of production as key factors in the decline of aircraft quality and safety. The piece also contrasts Boeing's practices with Airbus, noting Airbus's commitment to manufacturing complex parts in regions with skilled labor.

Portfolio Pulse from David Pinsen

March 18, 2024 | 4:23 pm

GOEV

SOND

SWIN

VERB

WKSP

WLDS

U.S. stocks traded higher with the Dow, NASDAQ, and S&P 500 all seeing gains. The NAHB/Wells Fargo Housing Market Index rose to 51 in March, indicating a positive outlook for the housing market. Canoo Inc. (GOEV) surged 53% after its Oklahoma City facility was approved as a Foreign Trade Zone. Wearable Devices Ltd. (WLDS) and Verb Technology Company, Inc. (VERB) also saw significant gains. Conversely, Solowin Holdings (SWIN), Sonder Holdings Inc. (SOND), and Worksport Ltd. (WKSP) experienced notable declines.

Portfolio Pulse from Avi Kapoor

March 18, 2024 | 4:20 pm