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SAVE

Spirit Airlines Inc (NYSE:SAVE) shares surged after the company announced an agreement with International Aero Engines, providing Spirit with a monthly credit through 2024 due to GTF engine issues. This compensation is in response to the need for accelerated inspection and potential replacement of certain engine parts, identified by Pratt & Whitney last year. The financial impact of this agreement on Spirit's liquidity is estimated to be between $150 million and $200 million.

Portfolio Pulse from Adam Eckert

April 01, 2024 | 2:41 pm

AEON

DOMA

EIGR

LPA

MDIA

MMAT

U.S. stocks showed mixed performance with the Dow Jones dropping over 200 points, while the NASDAQ rose. The S&P 500 slightly fell. The ISM manufacturing PMI increased to 50.3 in March, surpassing expectations. MediaCo Holding, Meta Materials, and Doma Holdings saw significant stock price increases, while Eiger BioPharmaceuticals, AEON Biopharma, and Logistic Properties Of The Americas experienced notable declines.

Portfolio Pulse from Avi Kapoor

April 01, 2024 | 2:39 pm

IYT

TPOR

UPS

United Parcel Service, Inc. (NYSE:UPS) shares fell by over 1.4% to $146.60 after announcing a significant air cargo contract with the USPS, making it the primary air cargo provider in the US. UPS also shared optimistic three-year financial targets, including a consolidated revenue of $108 billion to $114 billion and a free cash flow of $17 billion to $18 billion. Exposure to UPS stock can be gained through IShares Trust IShares U.S. Transportation ETF (BATS:IYT) and Direxion Daily Transportation Bull 3X Shares (NYSE:TPOR).

Portfolio Pulse from Lekha Gupta

April 01, 2024 | 2:36 pm

BILL

Wells Fargo analyst Andrew Bauch downgraded BILL Holdings (NYSE:BILL) from Equal-Weight to Underweight and reduced the price target from $70 to $60.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 2:35 pm

TSLA

A recent survey suggests Tesla Inc. (NASDAQ:TSLA) may face a sales dip due to CEO Elon Musk's controversial public image. The company's 'consideration score' among consumers dropped significantly, and analysts predict a mere 3% increase in Tesla sales, contrasting with a 15% rise in overall U.S. electric vehicle sales for the first quarter. Tesla's stock has fallen nearly 30% year to date, with analysts lowering target prices in anticipation of disappointing first-quarter delivery results.

Portfolio Pulse from Benzinga Neuro

April 01, 2024 | 2:32 pm

TMO

Thermo Fisher Scientific (NYSE:TMO) has delivered an average annual return of 15.79% over the past 5 years, outperforming the market by 3.13% annually. A $100 investment in TMO 5 years ago would be worth $209.25 today. The company's current market capitalization stands at $219.46 billion.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 2:31 pm

WING

Over the past 5 years, Wingstop (NASDAQ:WING) has outperformed the market with an annualized return of 25.06%, averaging 37.72% annually. A $1000 investment in WING 5 years ago would now be worth $4,993.89. Wingstop's market capitalization stands at $10.71 billion.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 2:31 pm

VISL

VTI

VXF

Vislink Technologies, Inc (NASDAQ: VISL) reported a revenue increase to $8.1 million in Q4 fiscal 2023 from $7.4 million the previous year, with a reduced EPS loss and improved gross margin. The company highlighted a pivotal year with groundwork laid for future growth, aiming for cash flow positivity in 2025. Despite a 50% stock loss over the last 12 months, VISL shares rose 5.8% recently. Exposure to VISL can also be gained through Vanguard Extended Market ETF (NYSE:VXF) and Vanguard Total Stock Market ETF (NYSE:VTI).

Portfolio Pulse from Anusuya Lahiri

April 01, 2024 | 2:30 pm

RDDT

Reddit shares are experiencing a downturn due to ongoing volatility after the company's recent Initial Public Offering (IPO).

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 2:30 pm

APA

APA Corporation's (NYSE:APA) short interest has increased by 19.52% since the last report, with 23.31 million shares sold short, representing 8.94% of its available trading shares. This indicates a bearish market sentiment towards APA, as it takes traders approximately 3.16 days to cover their short positions. APA's short interest is higher than its peer group average of 6.55%, suggesting more bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 2:30 pm