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AMZN

META

NFLX

The article discusses the performance of leading growth stocks, particularly Meta Platforms (META), Amazon.com (AMZN), and Netflix (NFLX), in the context of the broader market trends. Despite a less bullish market in February compared to the previous months, these stocks have shown resilience by maintaining their gains after a significant price gap in early 2023. The article emphasizes the importance of watching these stocks as indicators of market direction, noting their recent failure to break out of a post-gap price range, which could signal future market movements.

Portfolio Pulse from David Keller

February 20, 2024 | 4:27 pm

LUNR

Intuitive Machines Inc (NASDAQ:LUNR) shares have surged over 90% in the last five trading sessions, driven by progress in its IM-1 mission to the Moon. The company's Nova-C class lunar lander, launched on SpaceX's Falcon 9 rocket, is on track for a lunar landing. The mission's success and high social media attention, alongside a low float and high short interest, have contributed to the stock's rally. Intuitive Machines is expected to report Q4 financial results soon, with analysts predicting a loss and specific revenue figures.

Portfolio Pulse from Adam Eckert

February 20, 2024 | 4:22 pm

MSFT

NVDA

Microsoft is developing its own artificial intelligence (AI) server hardware to reduce its dependence on Nvidia's products. This move could potentially impact Nvidia's business, as Microsoft is a significant customer for its AI chips.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 4:03 pm

AGRI

AgriFORCE Growing Systems' stock price increased following the announcement that the US Patent and Trademark Office (USPTO) granted the company Patent No. 11,895,958 for 'STRUCTURES FOR GROWING PLANTS (TO GENERATE MICRO-ENVIRONMENT CONDITIONS)'.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 3:51 pm

GS

MCQEF

Goldman Sachs (NYSE:GS) and Macquarie (OTCPK: MCQEF), along with hedge funds, are entering the uranium derivatives market as uranium prices have doubled to $102 per pound due to a supply shortfall and increased demand for nuclear energy. Goldman Sachs is writing options on physical uranium, marking its first derivative for the metal. The bank has been involved in the uranium market since 2009 and holds significant uranium inventories. The interest in physical uranium is growing, with financial institutions holding a significant portion of the global annual consumption.

Portfolio Pulse from Stjepan Kalinic

February 20, 2024 | 3:43 pm

AAL

American Airlines has announced an increase in checked baggage fees, the first in over five years, and introduced restrictions on earning frequent flyer miles for tickets purchased through third-party travel agencies. The new fees are $35 for the first checked bag on domestic flights when booked online in advance, up from $30, and $45 for a second checked bag. The airline is also reducing fees for slightly overweight bags and will only allow frequent flyer miles for basic economy tickets booked on its website or through preferred travel agencies.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 3:25 pm

GOOG

Allen Day, the founder of Google's web3 team, discusses the intersection of blockchain and cloud technologies, emphasizing the importance of open-source development and the potential of hybrid applications that leverage both centralized and decentralized systems. He highlights Google's partnership with Chainlink to improve weather forecasting and shares his journey from building Google's web3 department to his current involvement in web3, data, and AI projects.

Portfolio Pulse from Mike Ermolaev

February 20, 2024 | 3:25 pm

CVNA

Carvana Co (NYSE:CVNA) shares trended down nearly 9% on Friday after a downgrade from Raymond James but are up 58% over the last three months. Wedbush analyst Seth Basham maintained a Neutral rating but raised the price target from $40 to $50. Carvana is expected to report a Q4 loss of 87 cents per share with revenue of $2.529 billion. Additionally, Carvana expanded same-day vehicle delivery to Sacramento, California. The average one-year price target for CVNA shares is $42.80, indicating a potential downside of 16.24%. Shares were down 5.87% at $49.39 at the time of publication.

Portfolio Pulse from Adam Eckert

February 20, 2024 | 3:24 pm

MNPR

Monopar Therapeutics shares surged following the announcement of receiving Human Research Ethics Committee clearance in Australia to start a Phase 1 dosimetry trial of its novel radiopharmaceutical, MNPR-101-Zr.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 3:20 pm

LUNR

Intuitive Machines' stock (LUNR) surged about 30% in early trading as its IM-1 mission, carrying 12 payloads including six for NASA under a $118 million contract, approaches a moon landing attempt. The mission, launched on a SpaceX rocket, has completed several key milestones, with the lander 'Odysseus' preparing for lunar orbit insertion. This marks the company's first moon mission and represents the second under NASA's Commercial Lunar Payload Services initiative.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 3:20 pm