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BTCUSD

Bitcoin's value has decreased in response to weaker than expected US GDP data, indicating a potential impact on investor sentiment towards cryptocurrencies.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 1:22 pm

VRT

Vertiv Holdings Co (NYSE:VRT) reported a strong first-quarter financial performance with an 8% Y/Y increase in net sales to $1.64 billion, surpassing the consensus of $1.62 billion. Organic orders rose 60% Y/Y, driven by AI deployment demands. Adjusted EPS was 43 cents, beating the 36 cents consensus. Vertiv raised its 2024 guidance, with revenue now expected to be between $7.54 billion and $7.69 billion, and adjusted EPS between $2.29 and $2.35. Following the announcement, Vertiv's shares rose 6.8% to close at $84.57. Analysts from Oppenheimer and JP Morgan raised their price targets on Vertiv to $98 and $100, respectively.

Portfolio Pulse from Avi Kapoor

April 25, 2024 | 1:20 pm

PTSI

P.A.M. Transportation Services announced a self-tender offer to purchase up to 550,000 shares, with the price range set between $15.50 and $18.00 per share, causing its shares to trade higher.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 1:20 pm

NYCB

New York Community Bancorp's Board recommends shareholders to vote for several proposals, including a reverse stock split by a ratio of 1-3, increasing authorized shares, and approving executive compensation. Other proposals involve ratifying KPMG LLP as the independent auditor, amending the certificate of incorporation, waiving certain voting restrictions for affiliates of Liberty 77 Capital and Reverence Capital Partners, and approving a March 2024 capital raise in compliance with NYSE rules.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 1:19 pm

AI

AZZ

DJT

GOOG

GOOGL

INTC

META

MSFT

NVDA

TSLA

The top 10 trending stocks on WallStreetBets as of April 25, 2024, include major tech and industrial companies, showcasing the current investor sentiment and speculative interests.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 1:18 pm

FNB

F N B Corporation (NYSE:FNB) has seen a 9.04% increase in its short percent of float since the last report, with 10.53 million shares sold short, representing 3.86% of its available trading shares. This indicates a bearish market sentiment, although it's not a definitive predictor of stock price movement. F N B's short interest is slightly above its peer group average of 3.77%.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 1:15 pm

MPWR

Monolithic Power Systems (NYSE:MPWR) has seen a 10.65% increase in its short percent of float since the last report, with 1.07 million shares sold short, representing 2.91% of its available shares for trading. This indicates a bearish sentiment among investors, although it's below the peer group average of 4.34% short interest as a percentage of float. The article suggests that an increase in short interest can sometimes be bullish for a stock.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 1:15 pm

HIG

Hartford Financial Services Group's (NYSE:HIG) short interest has increased by 17.27% since the last report, with 4.20 million shares sold short, representing 1.63% of its float. The current short interest suggests a bearish market sentiment towards HIG, although it has less short interest compared to its peers' average of 1.73%. The article highlights the importance of short interest as a market sentiment indicator and suggests that an increase in short interest does not necessarily predict a decline in stock price.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 1:15 pm

TMO

Thermo Fisher Scientific Inc. (TMO) reported better-than-expected Q1 financial results, with revenue of $10.34 billion and adjusted EPS of $5.11, surpassing consensus estimates. The company also raised its FY24 guidance, boosting sales forecasts to $42.3 billion-$43.3 billion and adjusted EPS guidance to $21.14-$22.02. Following the announcement, Baird and JP Morgan revised their price targets on TMO, with Baird slightly reducing theirs to $620 and JP Morgan increasing theirs to $650. TMO shares rose 0.5% to close at $577.39.

Portfolio Pulse from Avi Kapoor

April 25, 2024 | 1:14 pm

BC

Brunswick Corporation (NYSE:BC) shares fell over 2% in premarket trading after reporting Q1 earnings. Earnings per share were $1.35, matching analyst expectations, with revenues of $1.365 billion, also in line with forecasts. However, sales dropped 22% from the previous year due to lower wholesale ordering and higher discounts. Operating earnings decreased by 53% due to lower sales, higher input costs, and unfavorable currency exchange rates. The company completed a $400 million debt issuance to refinance near-term debt, improving its cash position to $560.3 million. Brunswick reiterated its FY24 net sales outlook of $6.0 to $6.2 billion and adjusted EPS of $7.00 to $8.00.

Portfolio Pulse from Nabaparna Bhattacharya

April 25, 2024 | 1:14 pm