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AZO

DPZ

LOW

LUNR

SJM

Investor optimism declined further as the CNN Money Fear and Greed index remained in the 'Extreme Greed' zone. U.S. stocks closed lower ahead of major economic reports due this week. Domino's Pizza Inc (DPZ) shares rose 5.9% after reporting better-than-expected Q4 earnings, while Intuitive Machines, Inc. (LUNR) shares fell 35% due to a lunar lander incident. The Dow Jones, S&P 500, and Nasdaq all closed lower. Investors await earnings from The J. M. Smucker Company (SJM), Macy's, Inc. (M), Lowe's Companies, Inc. (LOW), and AutoZone, Inc. (AZO).

Portfolio Pulse from Avi Kapoor

February 27, 2024 | 7:26 am

AVGO

VOD

Broadcom Inc., through its recently acquired subsidiary VMware, has partnered with Vodafone to demonstrate a new proof of concept at Mobile World Congress in Barcelona. This collaboration focuses on integrating network programmability and intelligence into the Radio Access Network (RAN) to improve performance for short-form video content, showcasing potential benefits for customers.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 7:03 am

AVGO

Singtel and Broadcom Inc., through its recent acquisition VMware, have partnered to integrate seamless connectivity and edge computing for mission-critical applications via Singtel Paragon. Financial terms of the partnership were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 7:01 am

BTCUSD

Jim Cramer's comment on X about Bitcoin reaching the trillion-dollar level has sparked reactions in the cryptocurrency community, especially as Bitcoin's valuation surpassed $1 trillion after a price surge. This event aligns with the 'Inverse Cramer' phenomenon, where some believe opposing Cramer's advice yields profits. Bitcoin's strong performance is attributed to factors like investments in Bitcoin ETFs, the upcoming supply halving event, and positive sentiment from investors. Notably, investment in crypto products saw a significant increase, with nearly $598 million invested in a week. Cramer, who had been skeptical about Bitcoin, notably during the Sam Bankman-Fried trial, has revised his stance on the cryptocurrency.

Portfolio Pulse from Mehab Qureshi

February 27, 2024 | 6:51 am

CAVA

CAVA Group projects a positive fiscal 2024 outlook with adjusted EBITDA expected to be between $86M-$92M. The company anticipates 3%-5% same restaurant sales growth, 22.7%-23.3% restaurant-level profit margin, and plans to open 48 to 52 new restaurants. Pre-opening costs are estimated to be $11.5M-$12.5M.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 6:33 am

NVDA

SMCI

Veteran investor Louis Navellier has highlighted Super Micro Computer Inc (SMCI) as a top pick in the AI hardware sector, surpassing NVIDIA Corp (NVDA) in performance. Super Micro's shares have surged over 200% this year, outperforming Nvidia's 59% increase. Navellier's endorsement comes amid significant shifts in the AI hardware market, with Super Micro's potential underlined by a Bank of America buy rating and a price target suggesting a 21% upside. Despite concerns of a tech bubble, Navellier's confidence in Super Micro suggests strong investment opportunities in the sector.

Portfolio Pulse from Benzinga Neuro

February 27, 2024 | 6:28 am

Coca-Cola Company (NYSE:KO) is intensifying its focus on India by sending a 220-member leadership team led by CEO James Quincey. The team aims to engage with government officials and bottling partners, crucial for Coca-Cola's operations and growth in India. The company's efforts include meeting the growing demand and expanding into the domestic alcohol market with Lemon-Dou. Additionally, Coca-Cola's subsidiary, HCCB, is optimizing its supply chain in northern India for better efficiency.

Portfolio Pulse from Shomik Sen Bhattacharjee

February 27, 2024 | 5:43 am

HYMTF

KIMTF

Kia Corporation (OTC:KIMTF) has announced a significant price reduction for its EV models in South Korea, including the EV6, EV9, and Niro EV, by up to $10,000. This move is part of the 'EV Festa' initiative, aimed at increasing EV production and sales in response to new government subsidies and to stay competitive against rivals like Tesla and BYD. The price cuts are also in alignment with South Korea's new EV policy to support local automakers.

Portfolio Pulse from Benzinga Neuro

February 27, 2024 | 5:35 am

AAPL

NFLX

Netflix Inc. has ceased billing through Apple Inc. for its long-term subscribers, requiring them to pay directly. This affects basic plan members previously using iTunes for payments, potentially leading to a price hike from the old $9.99 rate.

Portfolio Pulse from Ananya Gairola

February 27, 2024 | 4:06 am

AVGO

BRK

LLY

NVDA

TSLA

Jim Cramer has named Eli Lilly (LLY), Berkshire Hathaway (BRK), and Tesla (TSLA) as potential candidates to reach a trillion-dollar market cap, following Nvidia's (NVDA) recent achievement. Eli Lilly is noted for its promising GLP-1 drugs, Berkshire Hathaway for the rising cost of auto insurance, and Tesla for its new models. Broadcom (AVGO) was also mentioned but is seen as less likely to reach the milestone soon.

Portfolio Pulse from Benzinga Neuro

February 27, 2024 | 4:05 am