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BYDDF

BYDDY

BYD Company aims to significantly increase its international sales of electric vehicles (EVs) to 500,000 units in 2024, doubling from the previous year, with a goal to reach 3.6 million units in total sales. This ambitious target comes amid a period of slowing profit growth and increased competition in the EV market. Despite a potential drop in vehicle margins due to price competition, BYD is focused on profitability through enhanced sales strategies and the introduction of new, more efficient models.

Portfolio Pulse from Shivani Kumaresan

March 27, 2024 | 4:36 pm

AGAE

CZOO

DOGZ

GME

HOUR

JOAN

STKS

In Wednesday's intraday session, 12 consumer discretionary stocks showed significant movement. Notable gainers included Cazoo Gr (CZOO) with an 82.6% increase and The One Group Hospitality (STKS) rising 23.31%. Among the losers, Dogness (DOGZ) fell by 16% and JOANN (JOAN) dropped 15.46%. Earnings reports influenced several stocks, including Allied Gaming (AGAE), Hour Loop (HOUR), and GameStop (GME).

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 4:31 pm

AKLI

LIXT

MESO

STOK

Health care stocks showed significant movement in Wednesday's intraday session, with notable gainers including Stoke Therapeutics (STOK) up 46.1% following their Q4 earnings release, and Lixte Biotechnology (LIXT) rising 43.68%. On the losing end, Akili (AKLI) dropped 18.8%, and Mesoblast (MESO) declined by 12.85%. Other companies like Nuvation Bio (NUVB), Ontrak (OTRK), PAVmed (PAVM), and Nutriband (NTRB) also saw substantial gains, while Salarius Pharmaceuticals (SLRX), XTL Biopharmaceuticals (XTLB), Fresh2 Group (FRES), and PDS Biotechnology (PDSB) experienced declines.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 4:31 pm

CISS

SMR

VLD

In Wednesday's intraday session, several industrials stocks experienced significant movements. Notably, NuScale Power (SMR) surged 26.0%, while Velo3D (VLD) plummeted by 41.7% following its Q4 earnings report. Other gainers include Pixie Dust Technologies (PXDT), SunPower (SPWR), Sunrun (RUN), Stem (STEM), and ESGL Holdings (ESGL). On the losing side, besides Velo3D, C3is (CISS), Professional Diversity (IPDN), Earlyworks Co (ELWS), Knightscope (KSCP), and Bowman Consulting Group (BWMN) saw declines, with CISS also reacting to its Q4 earnings.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 4:31 pm

BTOG

MRDB

OUST

WETH

In Wednesday's intraday session, several Information Technology stocks showed significant movement. MariaDB (MRDB) and Ouster (OUST) were among the top gainers, with MRDB shares rising 70.2% and OUST by 34.93%, following their Q4 earnings reports. Conversely, Wetouch Technology (WETH) and Bit Origin (BTOG) led the losers, with declines of 35.2% and 24.15%, respectively.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 4:31 pm

Over the past 5 years, Kroger (NYSE:KR) has outperformed the market with an annualized return of 18.85%, turning a $100 investment into $230.15 today. Kroger's market capitalization stands at $40.62 billion.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 4:30 pm

ODFL

Over the past 20 years, Old Dominion Freight Line (NASDAQ:ODFL) has significantly outperformed the market, yielding an average annual return of 25.23%. A $1000 investment in ODFL 20 years ago would be worth $88,566.45 today. The company's market capitalization currently stands at $47.16 billion.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 4:30 pm

SYK

Stryker's (NYSE:SYK) short interest has decreased by 12.03% since the last report, with 4.18 million shares sold short, representing 1.17% of its float. This decrease in short interest, which now stands below the peer group average of 4.19%, could indicate a more bullish sentiment towards SYK among investors. The current short interest suggests it would take approximately 2.32 days for traders to cover their short positions.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 4:30 pm

DLR

Digital Realty Trust (NYSE:DLR) has seen a decrease in short interest, with 11.50 million shares sold short, representing 4.33% of its float. This is a 7.68% decline from its last report, requiring an average of 5.82 days for traders to cover their short positions. The decrease in short interest may indicate a more bullish sentiment towards DLR compared to its peers, where the average short interest as a percentage of float is 3.70%.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 4:30 pm

MPC

Marathon Petroleum (NYSE:MPC) has seen a decrease in short interest, with the short percent of float falling 10.91% to 1.96% of all shares available for trading. This indicates a reduction in bearish sentiment among traders. Compared to its peers, Marathon Petroleum has a lower short interest percentage, with the average for its peer group being 8.71%. This data suggests a potentially more bullish outlook for MPC in the short term.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 4:30 pm