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HQY

HealthEquity (HQY) reported Q4 2024 adjusted EPS of $0.63, surpassing the $0.56 estimate, with sales of $262.4M exceeding the $258.466M forecast. This represents a 12.21% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 8:02 pm

VRT

Vertiv Hldgs (NYSE:VRT) has seen a 16.1% decrease in short interest, now at 11.34 million shares or 3.44% of float, indicating a potential shift in market sentiment towards the stock. Compared to its peers, VRT has a lower short interest percentage, suggesting a more bullish outlook among investors.

Portfolio Pulse from Benzinga Insights

March 19, 2024 | 8:00 pm

TM

Toyota Motor's (NYSE:TM) short interest has increased by 20.0% since the last report, with 867 thousand shares sold short, representing 0.06% of available shares. It would take about 3.22 days to cover these short positions. This rise in short interest can indicate a bearish market sentiment towards TM, although it has less short interest compared to its peers, with an average of 10.65% in the peer group.

Portfolio Pulse from Benzinga Insights

March 19, 2024 | 8:00 pm

ORLY

O'Reilly Automotive's (NYSE:ORLY) short interest has decreased by 22.22%, with 941 thousand shares sold short, representing 1.61% of its float. This decline in short interest, which now takes traders approximately 2.11 days to cover, could indicate a more bullish sentiment towards ORLY compared to its peers, where the average short interest as a percentage of float is 13.17%.

Portfolio Pulse from Benzinga Insights

March 19, 2024 | 8:00 pm

QQQ

SPY

UUP

The upcoming Federal Open Market Committee (FOMC) meeting in March 2024 is highly anticipated for its 'dot plot' update, indicating potential future interest rate cuts. The December 2023 dot plot suggested readiness for rate cuts in 2024, with a projected federal funds rate midpoint of 4.6%. The March meeting's dot plot is crucial as it may confirm or adjust these expectations, impacting financial markets, particularly the SPDR S&P 500 ETF Trust (SPY), Invesco QQQ Trust (QQQ), and the Invesco DB USD Index Bullish Fund ETF (UUP).

Portfolio Pulse from Piero Cingari

March 19, 2024 | 7:56 pm

INTC

NVDA

Intel Corp (NASDAQ:INTC) shares dropped 2% to $41.86 amid broader semiconductor sector weakness due to the upcoming Federal Reserve's FOMC meeting and recent announcements by NVIDIA Corp. Investors are concerned about potential changes in interest rates following recent inflation data, which could affect future monetary policy decisions. Intel's dividend yield stands at 1.48% as of Mar. 19, 2024.

Portfolio Pulse from Henry Khederian

March 19, 2024 | 7:52 pm

BCH

ETC

Bitcoin Cash (BCH) and Ethereum Classic (ETC) experienced declines of 1.3% and 3.7%, respectively, amid a broader cryptocurrency market downturn triggered by a significant drop in Bitcoin prices below $63,000. This decline led to an 8% decrease in the total market capitalization of cryptocurrencies within 24 hours, influenced by a notable outflow from the Grayscale Bitcoin ETF.

Portfolio Pulse from Henry Khederian

March 19, 2024 | 7:51 pm

JWN

SMH

The dollar strengthened, chip stocks retreated, and Nordstrom's stock rose following reports that its founding family is considering taking the company private. This news impacts the financial markets, particularly affecting the semiconductor sector and Nordstrom's stock.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 7:49 pm

LDOS

Leidos Holdings (NYSE:LDOS) has delivered an average annual return of 15.25% over the past 5 years, outperforming the market by 2.24% annually. A $100 investment in LDOS 5 years ago would now be worth $202.14. The company currently has a market capitalization of $17.07 billion.

Portfolio Pulse from Benzinga Insights

March 19, 2024 | 7:31 pm

MO

Recent options trading trends for Altria Group (NYSE:MO) show a bullish sentiment among investors, with 57% of trades being bullish and 43% bearish. The trading volume and open interest suggest a price target between $37.5 and $47.5. Altria Group's current stock price is $44.56, with a slight increase of 0.11%. The company holds a leading position in the tobacco industry and has a 42% stake in Cronos, acquired Njoy Holdings in 2023, and exited its investment in Juul Labs.

Portfolio Pulse from Benzinga Insights

March 19, 2024 | 7:31 pm