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ASND

Over the past 5 years, Ascendis Pharma (NASDAQ:ASND) has outperformed the market with an annualized return of 15.86%, turning a $100 investment into $206.62. The company now has a market capitalization of $8.02 billion.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 7:30 pm

PTC

PTC Inc. (NYSE:PTC) has seen a decrease in short interest, now at 1.43 million shares or 1.35% of float, down 8.16% since the last report. This indicates a bullish sentiment as it suggests fewer investors are betting against the stock. Compared to its peers, PTC has a lower short interest percentage of float (3.12% average among peers), hinting at relatively stronger investor confidence in PTC.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 7:30 pm

AMZN

META

QQQ

SPY

TLT

The U.S. stock market, led by the S&P 500, recorded its fourth consecutive week of gains, driven by strong tech earnings and a robust January jobs report. Meta Platforms and Amazon.com saw significant stock increases following their earnings reports. The total market value of major tech companies surpassed the economies of Germany, Japan, and India. Bonds declined as expectations for interest rate cuts in 2024 were adjusted. Major ETFs like SPY, DIA, and QQQ also saw increases.

Portfolio Pulse from Piero Cingari

February 02, 2024 | 7:16 pm

CMC

Commercial Metals (NYSE:CMC) has seen a 10.43% decrease in short interest, now at 3.06 million shares or 3.52% of float, taking 2.39 days on average to cover. This decline in short interest could indicate a more bullish sentiment towards CMC compared to its peers, where the average short interest is 4.26%.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 7:15 pm

POOL

Pool Corporation's (NYSE:POOL) short interest has increased by 6.3% since the last report, reaching 4.30 million shares or 14.67% of the float. This is significantly higher than its peer group average of 5.44%. High short interest can indicate bearish market sentiment but can also be bullish under certain conditions.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 7:15 pm

ENTG

Entegris (NYSE:ENTG) has seen a decrease in short interest, with 5.25 million shares sold short, representing 3.93% of its float. This is below the peer group average of 6.58%. The reduction in short interest suggests a more bullish sentiment among investors towards ENTG.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 7:15 pm

HOOD

Needham analyst John Todaro reiterated a Hold rating on Robinhood Markets, Inc (NASDAQ:HOOD), modestly increasing his Q4 2023 estimates due to higher crypto transaction volumes. He expects crypto revenue to be a main driver of growth but sees Bitcoin ETF launches as a limited direct driver of transaction revenue. Todaro increased net interest revenue estimates for 2024, noting HOOD's fair valuation and projecting Q4 revenue and EPS at $445 million and $(0.02) respectively. HOOD shares rose 0.32% to $10.95.

Portfolio Pulse from Anusuya Lahiri

February 02, 2024 | 7:10 pm

TSLA

A Delaware judge voided Tesla Inc's CEO Elon Musk's 2018 compensation plan, leading to considerations of re-incorporating Tesla in Texas. Analyst Daniel Ives views the ruling as perplexing and anticipates Tesla's move to Texas, which could facilitate a new compensation plan for Musk, aiming for 25% voting rights. Ives maintains an Outperform rating on Tesla with a $315 price target. Tesla's shares are currently down, reflecting uncertainty.

Portfolio Pulse from Chris Katje

February 02, 2024 | 7:09 pm

TSCO

Raymond James analyst Bobby Griffin downgraded Tractor Supply Company (TSCO) to Outperform from Strong Buy, despite an EPS beat in Q4 results, due to short-term hurdles. Sales declined 8.6% YOY to $3.66 billion, slightly missing consensus. The company's FY24 EPS and sales forecasts are below consensus estimates. Griffin also lowered EPS estimates for FY24 and FY25, citing pressures on EBIT margin due to various factors. However, he raised the FY24 comp sales estimate slightly, expecting a modest increase in sales estimates for 2024.

Portfolio Pulse from Lekha Gupta

February 02, 2024 | 7:04 pm

NTDOY

TCEHY

China's National Press and Publication Administration (NPPA) approved 32 foreign video games, including Tencent Holdings ADR's (OTC: TCEHY) Dungeon & Fighter (DnF) Mobile, leading to a 2.9% stock surge for Tencent in Hong Kong. This approval marks a significant shift after China's recent regulatory crackdown on the gaming industry. Nintendo ADR's (OTC: NTDOY) games Kirby Star Allies and Taiko no Tatsujin, also published by Tencent in China, were among the approved titles. The move is seen as an effort to restore confidence in the gaming sector, which had been impacted by draft regulations aimed at curbing excessive gaming.

Portfolio Pulse from Franca Quarneti

February 02, 2024 | 7:01 pm