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BTDR

Bitdeer Technologies' shares have been halted on a circuit breaker due to a significant drop in the stock price, which is now down by 20.7%.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 4:28 pm

FAST

Fastenal's (NYSE:FAST) short percent of float has fallen 5.31% since its last report, with 15.16 million shares sold short, which is 3.03% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. Compared to its peers, Fastenal has less short interest, with an average of 4.45% for its peer group.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 4:15 pm

ON

ON Semiconductor's (NYSE:ON) short percent of float has risen 3.06% since its last report, with 26.00 million shares sold short, which is 9.1% of all regular shares available for trading. It would take traders 5.82 days to cover their short positions on average. The company's short interest is higher than most of its peers, with an average of 3.31%.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 4:15 pm

D

Dominion Energy's (NYSE:D) short percent of float has risen 28.99% since its last report, with 7.46 million shares sold short, which is 0.89% of all regular shares available for trading. An increase in short interest can indicate a bearish market sentiment. However, Dominion Energy's short interest is less than its peer group average of 2.27%.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 4:15 pm

EIS

SPY

USO

The Israeli military has reported a significant number of Gazan civilians moving southward for safety. The situation may impact the Middle East region's stability and indirectly affect related ETFs.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 4:11 pm

INTC

NVDA

TSM

Nvidia Corp (NVDA) stock is trading lower amid reports of the U.S. intensifying its semiconductor technology sanctions against China. The U.S. is reportedly closing the leeway that helped Chinese companies access American AI chips. Nvidia supplier Taiwan Semiconductor Manufacturing Company Ltd (TSM) is seeking permanent approval for shipment of U.S. chip equipment to its facility in Nanjing. BofA analyst Vivek Arya reiterated Nvidia as a top pick with a price target of $650 following its updated product pipeline.

Portfolio Pulse from Anusuya Lahiri

October 13, 2023 | 4:10 pm

AMD

INTC

NVDA

Advanced Micro Devices, Inc (AMD) and Nvidia Corp (NVDA) stocks are trading lower amid reports of the U.S. intensifying its semiconductor technology sanctions against China. The U.S. is reportedly closing a loophole that allowed Chinese companies to access American AI chips through overseas units. Analysts indicate a growing potential for AMD and Intel Corp (INTC) despite Nvidia's dominance in the AI GPU market. Nvidia's plans to shift to a one-year release cadence could pose a problem for AMD and Intel, which are still on a two-year release cadence for GPUs and AI accelerators.

Portfolio Pulse from Anusuya Lahiri

October 13, 2023 | 4:07 pm

NFLX

Wolfe Research analyst Peter Supino has downgraded Netflix Inc (NASDAQ:NFLX) from Outperform to Peer Perform due to concerns about 2024-25 growth forecasts. Supino cited slow AVOD adoption, recent ARM shortfalls, less margin expansion, and lack of compelling data on subscriber growth as reasons for the downgrade. He also lowered his CY24E net adds to 11 million from the 16 million consensus.

Portfolio Pulse from Anusuya Lahiri

October 13, 2023 | 4:04 pm

NUWE

Nuwellis Inc (NASDAQ:NUWE) shares dropped by 12.4% after the company announced the pricing of a $2.25 million public offering of Series J Convertible Redeemable Preferred Stock and Warrants. The gross proceeds from the offering are expected to be approximately $2.25 million, which will be used for working capital and general corporate purposes.

Portfolio Pulse from Henry Khederian

October 13, 2023 | 4:04 pm

C

OM

SASI

US stocks traded lower with the Nasdaq Composite falling over 1% on Friday. Energy shares climbed by 1.7% while information technology shares rose by just 0.1%. Citigroup Inc reported a 9% YoY increase in net revenue to $20.14 billion, beating the consensus of $19.32 billion. Sigma Additive Solutions, Comtech Telecommunications, and SunOpta saw their shares rise after positive news. Outset Medical, SMART Global Holdings, and Harmony Biosciences Holdings saw their shares drop due to negative news.

Portfolio Pulse from Lisa Levin

October 13, 2023 | 4:02 pm