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SGLY

Shares of Singularity Future Technology have resumed trading after a period of suspension. This development is significant for investors as it may impact the stock's liquidity and price movements.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 5:34 pm

ADAUSD

BNBUSD

BTCUSD

LINKUSD

Recent data from CryptoQuant shows significant Bitcoin wallet movements, potentially indicating market shifts. Large transfers of dormant bitcoins could signal selling pressure, while altcoin correlations with Bitcoin suggest market alignment. Investors should be cautious of potential volatility.

Portfolio Pulse from Khyathi Dalal

August 29, 2024 | 5:33 pm

BYU

BAIYU Holdings shares were halted due to a circuit breaker as the stock surged 7.73%.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 5:32 pm

SMCI

Super Micro Computer (NASDAQ:SMCI) has significantly outperformed the market over the past 5 years, with an annualized return of 75.86% and an average annual return of 89.97%. A $100 investment in SMCI 5 years ago would now be worth $2,474.08.

Portfolio Pulse from Benzinga Insights

August 29, 2024 | 5:31 pm

LULU

Lululemon Athletica (NASDAQ:LULU) has significantly outperformed the market over the past decade, with an annualized return of 20.91%. A $1000 investment in LULU 10 years ago would be worth $6,514.83 today. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

August 29, 2024 | 5:31 pm

CNC

Centene's short interest has decreased by 6.22%, with 9.77 million shares sold short, representing 2.11% of its float. This is lower than its peers' average of 4.28%. The decrease in short interest may indicate a more bullish sentiment towards Centene.

Portfolio Pulse from Benzinga Insights

August 29, 2024 | 5:30 pm

ADP

Automatic Data Processing (ADP) has seen a 15.38% increase in short interest, with 4.89 million shares sold short, representing 1.2% of its float. This is lower than the peer group average of 6.49%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.

Portfolio Pulse from Benzinga Insights

August 29, 2024 | 5:30 pm

LBRDA

Liberty Broadband's short interest has increased by 10.47%, with 3.06% of its float sold short. This is below the peer group average of 9.70%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.

Portfolio Pulse from Benzinga Insights

August 29, 2024 | 5:30 pm

CHWY

Chewy Inc. (NYSE:CHWY) reported better-than-expected Q2 2024 results, with sales of $2.86 billion and an adjusted EPS of $0.24. Analysts have raised the price target to $32, though they note the valuation is stretched. The stock rose 1.71% to $29.21.

Portfolio Pulse from Vandana Singh

August 29, 2024 | 5:29 pm

GAP

Gap, Inc. (NYSE:GAP) reported better-than-expected Q2 earnings, with EPS of 54 cents and sales of $3.72 billion, surpassing analyst expectations. The company raised its FY24 margin outlook, driven by strong performances from Old Navy and Gap, and improved operating and gross margins. GAP shares rose 2.54% following the news.

Portfolio Pulse from Nabaparna Bhattacharya

August 29, 2024 | 5:26 pm