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WSM

Williams-Sonoma, Inc. (WSM) CEO Laura Alber sold around $4 million worth of shares. Loop Capital downgraded WSM from Buy to Hold but raised the price target from $200 to $220, citing the stock's 18% YTD gain and the company's ability to maintain profitability. Factors supporting profitability include the elimination of sitewide promotions, a shift to e-commerce, and a growing B2B operation. WSM's valuation is above its 10-year average. Shares declined by 0.52% to $236.42.

Portfolio Pulse from Priya Nigam

March 05, 2024 | 3:59 pm

EYEN

The FDA approved Formosa Pharmaceuticals and AimMax Therapeutics' clobetasol propionate ophthalmic suspension 0.05% (APP13007) for post-operative inflammation and pain following ocular surgery. This marks the first FDA-approved ophthalmic clobetasol propionate product and enters a $1.3 billion market. Eyenovia Inc (NASDAQ:EYEN) is Formosa's U.S. commercialization partner, having obtained exclusive U.S. rights for APP13007. William Blair increased Eyenovia's risk-adjusted fair value from $5 to $7 per share, with an Outperform rating.

Portfolio Pulse from Vandana Singh

March 05, 2024 | 3:59 pm

APGE

AVAV

DAVE

NIO

NIO Inc. reported a 6.5% year-over-year increase in fourth-quarter revenue, beating analysts' expectations, leading to a 3.6% rise in its shares. Other companies like Apogee Therapeutics, Dave Inc., and AeroVironment also saw significant stock gains following positive financial results or company announcements.

Portfolio Pulse from Avi Kapoor

March 05, 2024 | 3:56 pm

QQQ

SPY

TLT

Economic data revealed a mixed U.S. economic outlook with the service sector expanding for the 14th consecutive month, despite a slight decrease in the ISM Services PMI to 52.6%. Conversely, factory orders in January 2024 saw a significant drop of 3.6%, the largest since April 2020. The decrease in U.S. Treasury yields and a rise in rate cut expectations influenced market reactions, with bonds and gold outperforming stocks. The iShares 20+ Year Treasury Bond ETF (TLT) rallied 1.4%, while the SPDR S&P 500 ETF Trust (SPY) and the Invesco QQQ Trust (QQQ) fell 0.9% and 1.9% respectively.

Portfolio Pulse from Piero Cingari

March 05, 2024 | 3:53 pm

PHUN

Phunware shares experienced an increase amid market volatility in stocks related to Donald Trump following his victory in the North Dakota Caucus.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 3:50 pm

AAPL

Wedbush analyst Daniel Ives maintains an Outperform rating on Apple Inc (AAPL) with a $250 price target, despite challenges in China's smartphone market and the discontinuation of Apple's EV project. Ives highlights sluggish iPhone sales in China, which accounts for 20% of global sales, and competition from Huawei. However, he remains bullish due to achievable iPhone sales estimates for 2024 and 2025, strong growth in the Services segment, and the potential for App Store enhancements through AI. Apple shares are currently down 2% to $171.19, with a 9% decrease year-to-date in 2024.

Portfolio Pulse from Chris Katje

March 05, 2024 | 3:49 pm

FIX

Comfort Systems USA (NYSE:FIX) has seen a 15.37% increase in short interest since its last report, with 1.15 million shares sold short, representing 4.58% of its float. This indicates a bearish market sentiment, although it's higher than its peer group average of 3.99%. The article suggests that an increase in short interest doesn't necessarily predict a price drop.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 3:45 pm

FCEL

FuelCell Energy (NYSE:FCEL) has seen a decrease in short interest, with the short percent of float falling 6.14% to 18.04% of all shares available for trading. The current short interest stands at 81.05 million shares. This decline in short interest could indicate a more bullish sentiment towards FCEL among traders. Compared to its peers, FCEL has a higher short interest percentage, with the average for its peer group being 12.71%.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 3:45 pm

OKE

ONEOK's (NYSE:OKE) short interest has decreased by 3.24% since the last report, with 11.46 million shares sold short, representing 2.39% of its float. This decrease in short interest could indicate a more bullish sentiment towards OKE among traders. Compared to its peers, ONEOK has a lower short interest percentage, suggesting it may be performing better than similar companies.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 3:45 pm

NYCB

New York Community Bancorp shares are trading higher, indicating a rebound from recent weakness.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 3:44 pm