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DTOC

Shares of Digital Transformation Opportunities Corp. (DTOC) were halted on a circuit breaker after resuming trade, this time to the downside. Despite this, the stock is still up by 89.5%.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 2:37 pm

BABA

INFY

INTC

MSFT

NVDA

QQQ

SPY

Nvidia Corp's stock traded higher on Wednesday, in line with broader indexes. Reports indicate that Microsoft Corp is reducing its orders for Nvidia's H100 AI Chips, which is viewed positively by industry sources. Huawei Technologies' HiSilicon chip design unit has begun shipping surveillance camera chips, bypassing U.S. export sanctions. Alibaba Group used Intel's newest central processors for chatbot technology. Nvidia expanded its strategic collaboration with Infosys Limited to help enterprises integrate generative AI into their businesses.

Portfolio Pulse from Anusuya Lahiri

September 20, 2023 | 2:35 pm

AKAN

Akanda Corp. (NASDAQ:AKAN) has entered a purchase deal for farming land and related operations and licenses with 1107385 B.C. LTD. The company plans to issue a non-refundable payment of $1.8 million, potentially in common shares. The deal gives Akanda the right to develop the property for two years, with plans to develop THC and CBD facilities. Additional payments will be made based on milestones achieved from the development.

Portfolio Pulse from Jelena Martinovic

September 20, 2023 | 2:33 pm

SPY

UNG

USO

The Energy Information Administration (EIA) reported a draw of 2.867 million in weekly distillates stocks, compared to an estimated build of 0.217 million and a prior build of 3.931 million.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 2:30 pm

PANW

Palo Alto Networks's (NYSE:PANW) short percent of float has risen 5.43% since its last report, with 20.17 million shares sold short, which is 6.8% of all regular shares available for trading. It would take traders 3.56 days to cover their short positions on average. The company has more short interest than most of its peers, with an average of 5.02%.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 2:30 pm

DHR

Danaher's (NYSE:DHR) short percent of float has risen 29.73% since its last report, with 6.33 million shares sold short, which is 0.96% of all regular shares available for trading. This increase in short interest can indicate a bearish market sentiment towards the stock. However, compared to its peers, Danaher has less short interest as a percentage of float, which is 4.68% on average.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 2:30 pm

PLTR

Palantir Technologies's (NYSE:PLTR) short percent of float has risen 14.52% since its last report, with 155.59 million shares sold short, which is 8.28% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. Palantir's peer group average for short interest as a percentage of float is 3.01%, indicating the company has more short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 2:30 pm

BJDX

FRTX

GIS

LIFW

MKUL

SEEL

SPRY

US stocks traded higher with the Dow Jones gaining over 150 points. General Mills Inc reported better-than-expected earnings for its first quarter with sales growth of 4% YoY to $4.90 billion. MSP Recovery, Bluejay Diagnostics, and Fresh Tracks Therapeutics saw significant stock increases. Seelos Therapeutics, ARS Pharmaceuticals, and Molekule Group saw significant stock decreases.

Portfolio Pulse from Lisa Levin

September 20, 2023 | 2:22 pm

GSHD

TPG

UBS

WRB

Four financial stocks, Goosehead Insurance, Inc (GSHD), UBS Group AG (UBS), TPG Inc. (TPG), and W. R. Berkley Corporation (WRB), are considered overbought with their Relative Strength Index (RSI) values above 70, indicating they may be overvalued. GSHD was upgraded by BMO Capital with a raised price target. UBS is facing slow approvals in its takeover of Credit Suisse. TPG reported worse-than-expected Q2 results. WRB declared a special cash dividend.

Portfolio Pulse from Lisa Levin

September 20, 2023 | 2:20 pm

DTOC

Shares of Digital Transformation Opportunities Corp (DTOC) were halted on a circuit breaker due to a significant increase in the stock price. The stock is now up by 60.6%.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 2:20 pm