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Palantir Technologies Inc. announced its AIPCon event will showcase over 60 customers using its AI Platform (AIP), highlighting the addition of over 20 new customers and partners, including OpenAI, Lennar Corp, General Mills, Lowe's Companies Inc, and CSX Corp. The event underscores Palantir's growing adoption and impact across various industries with nearly 850 AIP Bootcamps held globally.

Portfolio Pulse from Surbhi Jain

March 06, 2024 | 8:04 pm

DOGEUSD

SHIBUSD

SOLUSD

The resurgence of memecoins like Shiba Inu, Dogecoin, Dogwifhat, and Bonk is driven by technical developments, increased token burns, and community engagement. Dogecoin is enhancing its blockchain for more use cases, while Shiba Inu's token burn and Shibarium platform boost its utility. Solana-based memecoins, Bonk and Dogwifhat, benefit from investor interest and Solana's support for memecoin culture.

Portfolio Pulse from Murtuza Merchant

March 06, 2024 | 8:00 pm

COST

Costco Wholesale Corporation (NASDAQ:COST) is set to report its Q2 financial results with expectations of revenue at $59.16 billion and EPS at $3.62. Analysts anticipate a potential membership fee increase and highlight Costco's strong performance, with shares up 45% in 2023. The company has consistently beaten revenue and EPS estimates in recent quarters. Analysts from Oppenheimer, Telsey, Goldman Sachs, and Wells Fargo have provided positive ratings and raised price targets. The upcoming CFO change and international expansion, particularly in China, are also key points of interest.

Portfolio Pulse from Chris Katje

March 06, 2024 | 7:48 pm

GDDY

GoDaddy Inc. (NYSE:GDDY) announced at its Investor Day in Tempe, Arizona, its long-term growth strategy, expecting 6%-8% annual revenue growth from 2024 to 2026, primarily driven by its Applications & Commerce segment. The company aims for a 33% normalized EBITDA margin by 2026 and projects over $4.5 billion in cumulative free cash flow through 2026. This growth is supported by innovations like GoDaddy Airo, an AI-powered solution for small businesses. GoDaddy also plans to continue its share buyback program, with $1.4 billion remaining under current authorizations.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 7:46 pm

AZO

Whales have shown a predominantly bearish stance on AutoZone (NYSE:AZO), with 76% of detected trades being bearish. The trading activity suggests a focus on a price band between $2300.0 and $3100.0. AutoZone, a leading retailer of aftermarket automotive parts, is currently trading at $3102.86 with neutral RSI readings. Analysts have given mixed reviews, with an average target price of $3127.6. The most notable options trades include both calls and puts with varying sentiments and strike prices.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 7:31 pm

BTCUSD

ETHUSD

Bitcoin (BTC) soared past $69,000 before experiencing an 11% drop, yet remained above $65,000, indicating strong investor interest. Ethereum (ETH) also saw a surge but didn't reach a new high. Experts predict a positive outlook for Bitcoin, citing the upcoming halving event, increasing institutional and retail interest, and the approval of spot Bitcoin ETFs as key drivers. They recommend strategies like focusing on the long term, dollar-cost averaging, thorough research, diversification, and seeking professional guidance for investors.

Portfolio Pulse from Murtuza Merchant

March 06, 2024 | 7:27 pm

NVO

The FDA has announced updates on drug shortages, indicating that Wegovy injections at dosages of .25 mg/.5 ml and .5 mg/.5 ml are experiencing limited availability. The estimated duration of the shortage is yet to be determined.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 7:08 pm

CRM

Salesforce, Inc. (NYSE:CRM) shares are up today after the company introduced Einstein 1 Studio, a set of tools for customizing the Einstein Copilot AI assistant. Over the past year, CRM shares have gained over 65%, outperforming the S&P 500's 26% return. The new Einstein 1 Studio includes Copilot Builder, Prompt Builder, and Model Builder, aimed at democratizing AI app development. Salesforce also announced a cash dividend of $0.40 per share, payable on April 11, 2024.

Portfolio Pulse from Nabaparna Bhattacharya

March 06, 2024 | 7:03 pm

BKNG

Financial giants have shown a bearish trend on Booking Holdings (NASDAQ:BKNG) with 52% bearish and 47% bullish trades among 36 unusual trades. Major market movers target a price band between $2000.0 and $3900.0. The company, the world's largest online travel agency, operates several brands and relies on transaction fees for revenue. Current trading volume is 95,933 with a price of $3430.25. Analysts have set an average price target of $3933.0, with ratings ranging from Equal-Weight to Buy.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 6:46 pm

PATH

Financial giants have shown a bearish sentiment towards UiPath (NYSE:PATH), with options trading analysis revealing 76% bearish and 23% bullish trades. Significant options activity includes both puts and calls with a focus on a price band between $18.0 and $32.0. UiPath's current market status shows a 2.77% increase in stock price to $23.04, with an RSI indicating a neutral position. The company, known for its automation platform, generates most of its revenue from the US and Romania.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 6:46 pm