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Stock Prices

WNNR

Shares of Andretti Acquisition Corp. were halted due to a circuit breaker trigger after surging 71.7% to the upside. The significant increase in stock price led to a temporary trading halt to manage volatility.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 2:57 pm

NVDA

SMCI

The Market Ear report highlights the potential for AI to drive significant productivity gains across various sectors, potentially leading to a new market high with the S&P500 reaching a fair value of 5,900. The article illustrates AI's potential through Suno, an AI music company, which can create songs based on prompts. It suggests that while AI may disrupt traditional roles in music and other industries, investing in AI technology providers like Super Micro Computer, Inc. (SMCI) and Nvidia Corporation (NVDA) could be a safer bet.

Portfolio Pulse from David Pinsen

March 28, 2024 | 2:57 pm

DJT

GME

HOOD

OTLY

Trump Media & Technology Group (TMTG), now publicly traded as DJT, has been labeled as a potential 'pump and dump' stock by investor Jason Calacanis, who is considering shorting it despite previously opposing short selling. TMTG's valuation of around $10 billion is questioned given its limited revenue and lack of tangible assets. The stock has become a meme stock, drawing attention on social media and Reddit. Calacanis's comments have sparked debate on the valuation and meme stock potential of DJT.

Portfolio Pulse from Chris Katje

March 28, 2024 | 2:56 pm

SY

So-Young International Inc. (NASDAQ:SY) reported a pivot to profitability and a focus on high-end services, leading to a 19% revenue increase last year. The launch of So-Young Prime and a strategic shift away from smaller clinics contributed to this success. Despite challenges from COVID-19 and regulatory crackdowns, the company's shift towards premium services and direct provision of cosmetic products and services shows promise. A $25 million share repurchase and a special cash dividend were announced, although a modest revenue growth forecast tempers optimism.

Portfolio Pulse from The Bamboo Works

March 28, 2024 | 2:55 pm

NVO

Novo Nordisk's stock price increased following the announcement that some US insurers have expanded their coverage of Wegovy, a medication produced by Novo Nordisk, to include certain Medicare recipients with heart-related conditions.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 2:54 pm

SPY

Historical data shows that April is a strong month for major indices like the S&P 500, NYSE Composite, and Nasdaq 100, with the S&P 500 and NYSE Composite closing higher 80% of the time and the Nasdaq 100 65% of the time over the last 20 years. The average gain for these indices in April is 2%. The SPDR S&P 500 ETF (SPY) performance chart from StockCharts.com highlights these trends. Despite past performance, investors are reminded to manage risk and watch for potential trend changes.

Portfolio Pulse from Cory Mitchell

March 28, 2024 | 2:53 pm

WNNR

Trading of Andretti Acquisition Corp. shares has resumed. The company, potentially associated with the ticker WNNR, is back in the market for investors.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 2:52 pm

VFS

VinFast Auto's shares are experiencing an uptick following the announcement of new partnership agreements with 15 dealers in Thailand. This expansion into the Thai market signifies the company's efforts to increase its presence in Southeast Asia.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 2:48 pm

WNNR

Shares of Andretti Acquisition Corp. were halted due to a circuit breaker triggered by a significant upside movement, with the stock now up by 50.4%. The halt is a mechanism to prevent excessive volatility and ensure orderly market conduct.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 2:47 pm

MSTR

Kerrisdale Capital has taken a short position on MicroStrategy Inc (MSTR), citing an unjustifiable premium over its bitcoin holdings. Despite being bullish on bitcoin, Kerrisdale argues that MicroStrategy's stock rally, over 200% since the year's start due to the crypto boom, is overextended. They believe MicroStrategy's current valuation implies a bitcoin price of $177,000 to be justified. The firm points out that MicroStrategy's software analytics business represents only 3% of its value, and its bitcoin per share has remained unchanged despite increased holdings.

Portfolio Pulse from Adam Eckert

March 28, 2024 | 2:47 pm