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AMZN

Amazon projects its Q1 2024 revenue to be between $138 billion and $143.5 billion, which is below the analyst estimate of $142.13 billion.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 9:02 pm

AMZN

Amazon.com reported Q4 2023 earnings of $1.00 per share, surpassing the $0.80 estimate, with sales of $170.00B exceeding the $166.21B forecast. This represents a 13.94% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 9:01 pm

CLFD

Clearfield (NASDAQ:CLFD) reported Q1 losses of $(0.35) per share, surpassing the $(0.43) estimate, and sales of $34.23M, exceeding the $29.85M estimate. This represents a 135% decrease in earnings and a 60.17% decrease in sales from the same period last year.

Portfolio Pulse from totan@benzinga.com

February 01, 2024 | 9:01 pm

BSX

Over the past 10 years, Boston Scientific (NYSE:BSX) has outperformed the market with an annualized return of 17.63%, turning a $100 investment into $503.85. The company's market capitalization stands at $94.85 billion.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 9:00 pm

MDB

Over the past 5 years, MongoDB (NASDAQ:MDB) has outperformed the market with an annualized return of 33.47%, turning a $100 investment into $431.63. MongoDB's market capitalization stands at $29.68 billion.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 9:00 pm

SNPS

Synopsys (NYSE:SNPS) has seen a 20.26% increase in its short percent of float since the last report, with 2.80 million shares sold short, representing 1.84% of available shares. It would take about 1.93 days to cover these short positions. This rise in short interest indicates a more bearish market sentiment towards SNPS, although it has less short interest compared to its peer group average of 3.10%.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 8:45 pm

IR

Ingersoll Rand (NYSE:IR) has seen a 10.71% increase in its short percent of float since the last report, with 4.78 million shares sold short, representing 1.55% of available shares. This indicates a bearish sentiment among investors, although it's lower than the peer group average of 3.17%. The article suggests that an increase in short interest doesn't necessarily predict a stock price fall.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 8:45 pm

GOEV

Canoo Inc. (NASDAQ:GOEV) shares dropped over 11% after a recent surge, following announcements of a U.S. Postal Service purchase and a successful addition of EVs to Zeeba's fleet. The U.S. Postal Service will buy six LDV 190s for delivery in Q1 2024, and Zeeba has added Canoo EVs to its fleet under an existing agreement for 5,450 vehicles. Canoo's stock had previously gained over 30% after these announcements.

Portfolio Pulse from Erica Kollmann

February 01, 2024 | 8:45 pm

URI

United Rentals (NYSE:URI) has seen a decrease in short interest, now at 3.74 million shares or 6.29% of float, down 3.97% since the last report. This indicates a potential shift in market sentiment towards a more bullish outlook, despite the short interest being higher than its peer group average of 4.68%. The coverage time for short positions is approximately 6.89 days based on current trading volumes.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 8:45 pm

SE

Sea shares have experienced an increase in trading volume and price following an upgrade to Buy status by Citi.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 8:43 pm