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LI

Li Auto shares are trading lower following the announcement of their February 2024 delivery numbers.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 4:56 pm

GBTC

Bitcoin, Ethereum, and Dogecoin are consolidating with bullish patterns, indicating a strong bull cycle this year, partly due to SEC's approval of Bitcoin ETFs and anticipation of Ethereum ETFs. The next Bitcoin halving in April is also seen as bullish. Grayscale Bitcoin Trust (GBTC) has risen about 60% this year, showing similar bullish patterns. The consolidation allows for potential significant price rises, with specific resistance and support levels identified for each cryptocurrency.

Portfolio Pulse from Melanie Schaffer

March 01, 2024 | 4:55 pm

EVBG

The article corrects the ticker symbol for Everbridge, specifying that the correct ticker is EVBG.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 4:53 pm

ADSK

Autodesk Inc (NASDAQ:ADSK) shares rose after reporting higher-than-expected Q4 results, with several analysts raising their price targets despite mixed guidance for fiscal 2025. The company saw record deals over $100,000 and $1M in construction accounts, indicating strong performance and potential for growth. Analysts highlighted Autodesk's solid quarter, improved transparency around organic growth, and the expected mechanical rebuild of free cash flow (FCF) going forward.

Portfolio Pulse from Priya Nigam

March 01, 2024 | 4:47 pm

ELF

Deep-pocketed investors have shown a bullish sentiment towards e.l.f. Beauty (NYSE:ELF), with a notable increase in options activity. Benzinga's tracking revealed 19 extraordinary options activities, with a bullish majority. The options trades suggest a target price range of $155.0 to $290.0. e.l.f. Beauty's current stock price is up by 0.94%, reaching $210.5, with an RSI indicating potential overbought conditions. Analyst ratings vary, with an average target price of $199.2.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 4:47 pm

REGN

Investors have shown a bearish stance on Regeneron Pharmaceuticals (NASDAQ:REGN), with options activity indicating a split sentiment of 37% bullish and 62% bearish. Significant trading activity suggests a price target range of $620 to $980 over the next three months. Current trading volume is 92,111 with a slight price increase of 0.14%, and the stock is potentially approaching overbought territory. Analysts have set an average target price of $1075.25, with varying ratings from Outperform to Neutral.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 4:47 pm

SATS

EchoStar Corp (NASDAQ:SATS) shares fell after reporting Q4 earnings. Despite beating earnings and revenue expectations with $1.21 EPS and $4.163 billion in revenue, the company saw a net loss of $2.03 billion and a decline in Pay-TV and Broadband subscribers. The year-over-year sales dropped by 8.2%, mainly due to subscriber declines in the Pay-TV segment. EchoStar also completed a merger with DISH Network, aiming for operational efficiencies.

Portfolio Pulse from Nabaparna Bhattacharya

March 01, 2024 | 4:47 pm

GLD

IBIT

Michael Hartnett, chief strategist of Bank of America, attributes the rise in gold and Bitcoin prices to the surging U.S. national debt, which has surpassed $34 trillion. Hartnett's analysis suggests that assets like gold and Bitcoin, which have finite supplies, are thriving as hedges against debt debasement. Gold is currently priced at $2,070 per ounce, and Bitcoin at $62,000, with both nearing all-time highs. The iShares Bitcoin Trust (IBIT) and SPDR Gold Trust ETF (GLD) have seen significant inflows, indicating increased investor interest in these assets as a response to U.S. fiscal policies.

Portfolio Pulse from Piero Cingari

March 01, 2024 | 4:46 pm

EVER

Everbridge shares surged following the announcement of an amended merger agreement with Thoma Bravo, setting the purchase price at $35.00 per share in cash.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 4:42 pm

AEHR

Aehr Test Systems (NASDAQ:AEHR) has shipped a new high-power configuration of its FOX-XP system to a major silicon photonics customer for wafer level burn-in and stabilization of next-gen silicon photonics ICs. This system enables cost-effective volume production testing of photonic ICs, crucial for optical I/O and co-packaged optics markets. The FOX-XP system can test up to 8,192 high-power optical devices across nine wafers simultaneously, supporting up to 3,500 watts per wafer. This advancement is seen as a significant market opportunity, with companies like AMD, Nvidia, Intel, TSMC, and GlobalFoundries moving towards optical chip-to-chip communication.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 4:40 pm