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BLK

Vanguard's CEO Tim Buckley announced his retirement by the end of 2024 after over 30 years with the company. Vanguard has begun searching for a successor, considering internal and external candidates. Greg Davis has been appointed as President. Under Buckley's leadership, Vanguard's assets grew over 80% to $9 trillion, benefiting from the trend towards low-cost passive funds. Vanguard is now the second-largest ETF issuer in the U.S., behind BlackRock Inc (NYSE:BLK). Buckley navigated Vanguard through political challenges without engaging in the controversies of ESG investing.

Portfolio Pulse from Vandana Singh

March 01, 2024 | 5:26 pm

AY

Atlantica Sustainable Infrastructure plc (NASDAQ:AY) reported mixed Q4 FY23 results with revenue of $241.3 million missing consensus estimates and a decline in operating profit. However, adjusted EBITDA slightly increased, and EPS beat consensus estimates. The company announced a dividend and provided an optimistic FY24 outlook for adjusted EBITDA and CAFD, despite a decrease in operating cash flow and CAFD from the previous year. Shares fell by 1.17% to $17.75.

Portfolio Pulse from Lekha Gupta

March 01, 2024 | 5:24 pm

EVRI

Everi Holdings' shares are trading lower following downgrades by Jefferies and Truist Securities. Jefferies downgraded EVRI from Buy to Hold and reduced its price target from $18 to $13. Similarly, Truist Securities downgraded the stock from Buy to Hold, adjusting its price target from $14 to $13.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 5:24 pm

ROOT

Root Inc. shares experienced an increase in trading volume and price following an upgrade by Jefferies from Hold to Buy, along with a significant raise in the price target from $10 to $40.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 5:22 pm

ERIC

MSFT

NVDA

TMUS

Microsoft Corp (NASDAQ:MSFT) is expanding its presence in the telecom equipment market through a partnership with Etisalat to build a 5G network in the UAE and launching the AI RAN Alliance with Nvidia Corp (NASDAQ:NVDA), Ericsson (NASDAQ:ERIC), and T-Mobile US, Inc (NASDAQ:TMUS). Additionally, Microsoft, OpenAI, and Nvidia are investing $675 million in Figure AI for AI-powered humanoid robots. MSFT shares dropped slightly by 0.22%.

Portfolio Pulse from Anusuya Lahiri

March 01, 2024 | 5:19 pm

LAB

Standard BioTools shares surged following the announcement of their Q4 revenue results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 5:16 pm

BIVI

CRDF

FSR

NXU

SCLX

SIDU

The Nasdaq Composite gained around 100 points, with U.S. stocks trading higher. Energy shares rose by 1.6%, while utilities fell by 1.4%. The ISM manufacturing PMI declined to 47.8 in February. BioVie Inc. shares surged 81% after announcing potential improvements for Parkinson's and Alzheimer's patients. Cardiff Oncology's shares rose 38% following positive financial results and clinical updates. Nxu, Inc. shares also gained 38% after a successful Tesla Cybertruck charge. Sidus Space shares dropped 39% after pricing a public offering. Fisker Inc. shares fell 44% due to preliminary revenue results and going concern doubts. Scilex Holding Company shares fell 40% after announcing a bought deal offering.

Portfolio Pulse from Avi Kapoor

March 01, 2024 | 5:16 pm

ALB

Albemarle's (NYSE:ALB) short interest has decreased by 12.44% since the last report, with 12.15 million shares sold short, representing 11.82% of its float. This decrease in short interest could indicate a more bullish sentiment towards ALB among traders. Compared to its peers, ALB has a higher short interest percentage of float (11.82% vs. peer average of 3.40%), suggesting more bearish sentiment towards it relative to its peers.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 5:15 pm

SUI

Sun Communities (NYSE:SUI) has seen a decrease in short interest, with 1.06 million shares sold short, representing 1.01% of available shares. This marks an 18.55% decline in short interest since the last report. The current short interest is below the peer group average of 2.59%. Short interest is a key indicator of market sentiment, and a decrease suggests a more bullish outlook among investors.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 5:15 pm

AEP

American Electric Power (NYSE:AEP) has seen a 9.33% increase in short percent of float since its last report, with 8.64 million shares sold short, representing 1.64% of available shares. This indicates a bearish sentiment among investors, although it's not a definitive predictor of stock price movement. AEP's short interest is below its peer group average of 2.56%, suggesting less bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 5:15 pm