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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

SBUX

The Strategic Organizing Center (SOC), a Starbucks Corporation (NASDAQ:SBUX) shareholder, has withdrawn its director nominations following a breakthrough in labor relations between Starbucks and Workers United. This decision was influenced by a recent agreement aimed at improving collective bargaining, resolving litigation, and facilitating a fair process for worker organization. The SOC views this as significant progress in Starbucks' labor relations strategy, benefiting all stakeholders. Meanwhile, proxy advisory firms ISS and Glass Lewis have recommended voting for Starbucks' director nominees at the upcoming Annual Meeting of Shareholders.

Portfolio Pulse from Shivani Kumaresan

March 05, 2024 | 3:41 pm

QNRX

Quoin Pharmaceuticals Ltd - ADR (NASDAQ:QNRX) shares plummeted by 46.9% to $1.54 after announcing a $6.5 million public offering at $1.60 per ADS, including ordinary shares, pre-funded warrants, and warrants. The offering, closing around March 7 with A.G.P./Alliance Global Partners as the sole placement agent, aims to raise funds for general corporate purposes. QNRX's 52-week trading range is between $1.50 and $12.00.

Portfolio Pulse from Henry Khederian

March 05, 2024 | 3:38 pm