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EADSY

SAVE

Spirit Airlines, Inc. (NYSE:SAVE) has deferred all Airbus SE (OTC:EADSY) aircraft deliveries scheduled for Q2 2025 to end of 2026 to 2030-2031, improving liquidity by $340 million over two years. Despite this, Spirit plans to furlough 260 pilots from September 1, 2024, due to grounded aircraft from Pratt & Whitney GTF engine issues and the deferrals. A compensation agreement with Pratt & Whitney is expected to further improve liquidity by $150-$200 million. Spirit's shares rose 3.61% to $4.59.

Portfolio Pulse from Shivani Kumaresan

April 08, 2024 | 2:58 pm

AMD

AOTG

INTC

NVDA

SOXQ

Advanced Micro Devices, Inc (NASDAQ:AMD) announced plans to open-source the MES firmware for Radeon GPUs, enhancing control over graphics cards. This move is part of AMD's strategy to increase open-source accessibility of its GPU technology. The initiative is significant for Tiny Corp and could allow AMD to integrate third-party chiplets, offering more modular computing solutions. Analysts anticipate significant revenue growth for AMD, citing its MI300s as a growth catalyst and its CPUs' dominance in cloud servers. AMD's stock has seen over a 78% increase in the last 12 months, with exposure to AI beneficiaries available through AOT Growth And Innovation ETF (NASDAQ:AOTG) and Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ).

Portfolio Pulse from Anusuya Lahiri

April 08, 2024 | 2:56 pm

PLOW

Douglas Dynamics' stock (PLOW) trades lower following a downgrade by Baird from Outperform to Neutral and a reduction in the price target from $36 to $25.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 2:55 pm

FSLY

Fastly's stock (FSLY) is trading higher following an upgrade from Neutral to Overweight by Piper Sandler, despite a reduction in the price target from $19 to $16.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 2:53 pm

GEV

GE Vernova shares are trading higher following an upgrade by JP Morgan from Neutral to Overweight, with a maintained price target of $141.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 2:52 pm

SSL

Sasol's shares are trading higher following the announcement that the Minister of Forestry, Fisheries and the Environment has upheld Sasol South Africa's appeal, allowing a load-based limit to regulate sulphur dioxide emissions from the Secunda Operations' boilers.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 2:47 pm

SHIBUSD

Shiba Inu (SHIB) experienced a slight dip of 0.8% despite a large transaction of 692.4 billion SHIB tokens worth $19.26 million from a Crypto.com wallet to an unknown wallet. This transaction increased the unknown wallet's value to $53.3 million. Additionally, a significant burn of SHIB tokens occurred, increasing the burn rate by 338.3%. Despite these activities and a 47.8% increase in large transaction volume, SHIB's price has not capitalized on the broader market rally, trading down 0.8% on the day.

Portfolio Pulse from Khyathi Dalal

April 08, 2024 | 2:46 pm

LNG

Cheniere Energy (NYSE:LNG) has seen a 15.45% increase in its short percent of float since the last report, with 2.96 million shares sold short, representing 1.27% of all shares available for trading. This increase in short interest may indicate a more bearish market sentiment towards LNG, although it has less short interest compared to its peers' average of 4.00%. The article suggests that an increase in short interest does not necessarily predict a near-term price fall.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 2:45 pm

DTSS

Datasea Inc. (NYSE:DTSS) has seen a 32.18% increase in its short percent of float since the last report, with 115 thousand shares sold short, representing 8.05% of available shares. This indicates a bearish market sentiment, although it doesn't necessarily predict a price drop. Datasea's short interest is higher than its peer group average of 5.25%, suggesting more bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 2:45 pm

ITT

ITT Inc. (NYSE:ITT) has seen a 13.82% increase in its short percent of float since the last report, with 1.00 million shares sold short, representing 1.4% of its available trading shares. This indicates a bearish market sentiment, although it has less short interest compared to its peers' average of 3.38%. The article suggests that an increase in short interest does not necessarily predict a near-term price fall.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 2:45 pm