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AAPD

AAPL

AAPU

BRK

Apple Inc's stock has declined by 11% this year, hitting a 4-month low, amid various challenges including a significant drop in iPhone sales in China, a $2 billion EU antitrust fine, the closure of its electric car program, and lagging in the AI boom. Berkshire Hathaway, holding nearly 1 billion shares of Apple, may consider selling its stake, potentially impacting the stock further. Direxion offers inverse ETFs for traders to bet against Apple's stock.

Portfolio Pulse from Johnny Rice

March 06, 2024 | 2:13 pm

NVDA

SMCI

Despite a broader market downturn, Nvidia Corp. (NVDA) and Super Micro Computer, Inc. (SMCI) have shown resilience, with their stocks outperforming major tech companies. This performance raises questions about their potential as safe haven assets amidst economic volatility. Nvidia's leadership in AI technology and Super Micro's high-performance computing solutions are key factors in their success. Analysts suggest the AI revolution could sustain growth for these companies, despite concerns over their overbought levels.

Portfolio Pulse from Shanthi Rexaline

March 06, 2024 | 2:07 pm

SOFI

SoFi Technologies Inc (NASDAQ:SOFI) stock dropped 15.27% on March 5 due to a $750 million convertible senior notes offering. Despite this, the stock is showing signs of recovery in pre-market trading. Discussions on Reddit, particularly in the r/stocks subreddit, reveal a range of opinions from investors considering buying the dip. These opinions vary from positive outlooks and long-term holding strategies to concerns over volatility and the implications of the convertible note offering.

Portfolio Pulse from Surbhi Jain

March 06, 2024 | 2:05 pm

AVGO

GOOGL

META

Broadcom Inc (NASDAQ:AVGO) is set to report its Q1 earnings on March 7, with Wall Street expecting $10.26 EPS and $11.71 billion in revenues. The stock, part of the AI5 group, has seen over 112% growth in the past year and over 20% YTD. Technical analysis shows a strongly bullish trend with favorable indicators, despite potential selling pressure risks. Analyst consensus rates AVGO as a Buy, with a price target of $959.67. JPMorgan highlights Broadcom's growth in AI revenues, including collaborations with Google (GOOGL) and Meta (META).

Portfolio Pulse from Surbhi Jain

March 06, 2024 | 2:05 pm

TGT

DA Davidson analyst Michael Baker maintains a Buy rating on Target (NYSE:TGT) and raises the price target from $167 to $195, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 2:05 pm

BJ

BJ's Wholesale Club (NYSE:BJ) is anticipated to report a quarterly EPS of $1.06 on March 7, 2024. Analysts and investors are keen on whether BJ will surpass this estimate and provide positive future guidance. Historically, BJ's share price has shown mixed reactions to earnings reports, with minor fluctuations regardless of beating or missing EPS estimates. Currently, BJ's shares are trading at $73.22, marking a 2.97% decline over the last year, indicating investor concern ahead of the earnings release.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 2:02 pm

BURL

Burlington Stores (NYSE:BURL) is scheduled to release its quarterly earnings report on March 7, 2024. Analysts predict an EPS of $3.30. The company's past earnings performance shows a history of beating estimates, with a notable 4.05% share price increase following last quarter's earnings beat. Shares are currently trading at $212.11, with a 2.39% increase over the last 52 weeks. Investors are advised to pay attention to the company's guidance for future growth.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 2:02 pm

GPS

Gap Inc. (NYSE:GPS) is scheduled to release its quarterly earnings report on March 7, 2024, with analysts expecting an EPS of $0.22. Investors are hopeful for a beat on this estimate and positive guidance for the next quarter. Gap's stock has seen a 73.92% increase over the last 52 weeks, trading at $20.0 as of March 5. Historical data shows significant stock price movements post-earnings announcements, highlighting the importance of both the earnings outcome and the forward-looking guidance.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 2:02 pm

STVN

Stevanato Gr (NYSE:STVN) is scheduled to release its quarterly earnings report on March 7, 2024, with an estimated EPS of $0.21. Analysts and investors are particularly interested in the company's guidance for future growth. Despite a miss in the last quarter's EPS by $0.00 leading to a 7.87% drop in share price, the stock has seen a 37.75% increase over the last 52 weeks. Historical performance shows mixed reactions to past earnings reports.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 2:02 pm

GXAI

Gaxos.ai Inc. has announced a 1-12 reverse stock split, a move typically aimed at increasing the market price of a company's shares. This action could affect the stock's liquidity and potentially its attractiveness to investors.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 2:02 pm