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BYDDY

TSLA

Elon Musk, CEO of Tesla Inc. (NASDAQ:TSLA), has significantly changed his view on BYD Co. Ltd. (OTC:BYDDY), acknowledging its competitive strength in the EV market after BYD surpassed Tesla in EV sales. Musk's comments followed Tesla's reported 12% drop in shares and missed earnings, highlighting the intense competition in the electric car industry.

Portfolio Pulse from Caleb Naysmith

February 01, 2024 | 8:30 pm

Toyota Motor's (NYSE:TM) short interest has decreased by 16.67% since the last report, with 703 thousand shares currently sold short, representing 0.05% of its float. This decline in short interest, which now requires 2.29 days on average for traders to cover, may indicate a more bullish sentiment towards TM compared to its peers, where the average short interest as a percentage of float is 10.72%.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 8:30 pm

ACB

AGFY

Aurora Cannabis Inc. (NASDAQ:ACB) is maintaining its financial forecasts, aiming for positive annual adjusted EBITDA and free cash flow in 2024, alongside a share consolidation strategy to meet Nasdaq's requirements. Agrify Corporation (NASDAQ:AGFY) has secured its Nasdaq listing through strategic financial maneuvers, including debt conversion and equity issuance, improving its equity position.

Portfolio Pulse from Nicolás Jose Rodriguez

February 01, 2024 | 8:24 pm

SHIBUSD

Shiba Inu (CRYPTO: SHIB) burned nearly 10 billion tokens in January, with its marketing lead expressing optimism about Shibarium's progress and potential significant partnerships. The burn rate in the past 24 hours was 78%, with the total burned tokens nearing half of Shiba Inu's maximum supply. Shibburn data revealed 9.94 billion SHIB were burned in January across 269 transactions. Lucie's statement about Shibarium attracting strategic partnerships and the recent whale transfers involving 1.2 trillion tokens suggest potential liquidity movements and positive fundamentals for SHIB, BONE, and LEASH.

Portfolio Pulse from Khyathi Dalal

February 01, 2024 | 8:20 pm

AAPL

AMZN

GOOGL

MAGS

META

MSFT

NVDA

QQQ

SPY

TSLA

The Magnificent Seven stocks, coined by Bank of America analyst Michael Hartnett, are seven high-profile technology stocks that have significantly outperformed in recent years due to their involvement in major tech trends like AI, cloud computing, and EVs. These stocks include Microsoft (MSFT), Amazon (AMZN), Meta Platforms (META), Apple (AAPL), Alphabet (GOOGL), Nvidia (NVDA), and Tesla (TSLA). They dominate the market by leveraging their technological advancements, strong balance sheets, and brand power. Despite their high valuations and low yield, their growth prospects, especially in AI, make them attractive. The SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ Trust (QQQ) offer broader market exposure, while the Roundhill Magnificent Seven ETF (MAGS) provides direct investment in these stocks.

Portfolio Pulse from Stjepan Kalinic

February 01, 2024 | 8:13 pm

AVB

DHI

EQR

ITB

LEN

REZ

SPY

Mortgage rates decreased last week, offering relief to homeowners and loan applicants after a period of increases. This follows the Federal Reserve's decision not to cut the Fed funds rate in March, contrary to market expectations, which negatively impacted the S&P 500 and the SPDR S&P 500 ETF (SPY). Despite this, homebuilders like D.R. Horton (DHI) and Lennar (LEN) saw stock increases, as did the iShares U.S. Home Construction ETF (ITB). However, residential REITs such as Equity Residential (EQR) and Avalon Bay Communities (AVB) experienced declines, while the iShares Residential and Multisector Real Estate ETF (REZ) saw a slight increase.

Portfolio Pulse from Neil Dennis

February 01, 2024 | 8:07 pm

BKU

CFG

CMA

MCB

PNFP

VLY

WAL

ZION

Regional bank stocks are down following New York Community Bancorp's announcement of disappointing financial results and a cut in its quarterly dividend. This news has negatively impacted investor sentiment towards regional banks.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 8:06 pm

AEY

Addvantage Technologies Group announced that the company and its subsidiaries ceased operations on January 26, 2024, according to an SEC filing. This cessation of operations marks a significant development for the company.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 8:02 pm

SCHW

Deep-pocketed investors have shown a bearish sentiment towards Charles Schwab (NYSE:SCHW), with options activity indicating a divided mood: 45% bullish and 54% bearish. Significant options trades suggest a price range of $30.0 to $75.0 for SCHW over the next three months. The company, a major player in brokerage and wealth management, has over $7 trillion in client assets. Recent analyst ratings have adjusted price targets and ratings, reflecting a cautious outlook on SCHW.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 8:01 pm

LMT

Options trading activity for Lockheed Martin (NYSE:LMT) shows a balanced sentiment among investors, with equal bullish and bearish positions. The trading volume and open interest suggest a targeted price range of $250 to $740. Lockheed Martin, a leading defense contractor, has seen its stock price slightly decrease by -0.14%, with a current price of $428.81. Analyst ratings are mixed but lean towards a positive outlook, with a consensus target price of $499.2. The next earnings report is expected in 75 days.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 8:01 pm