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Ethereum fell below $3,300 and the global crypto market cap dropped to $2.47 trillion following U.S. jobs data showing a significant increase in nonfarm payrolls. Bitcoin remained above $66,000 despite a slight decline. Pendle was the top gainer, while Ethena and Wormhole were among the top losers in the crypto market.

Portfolio Pulse from Avi Kapoor

April 05, 2024 | 1:36 pm

CHK

OILT

PXE

SWN

The merger between Chesapeake Energy Corporation (CHK) and Southwestern Energy Company (SWN) is delayed to the second half of 2024 due to an FTC request for additional information. Initially expected to close in Q2 2024, the $7.4 billion all-stock deal faces regulatory scrutiny, extending the HSR Act waiting period. Investors can track these stocks through Invesco Energy Exploration & Production ETF (PXE) and Texas Capital Texas Oil Index ETF (OILT). CHK's stock slightly declined.

Portfolio Pulse from Lekha Gupta

April 05, 2024 | 1:35 pm

MDIA

Mediaco shares experienced a significant surge, leading to a trading halt due to a circuit breaker. The stock is currently up by 126.4%.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 1:35 pm

SSNLF

Samsung Electronics Co (OTC:SSNLF) is expected to see a significant rise in its first-quarter operating profit, reaching 6.6 trillion won ($4.9 billion), a tenfold increase from the previous year. This growth is attributed to a recovery in the memory semiconductor market. Despite this, Samsung's stock has underperformed due to issues with High Bandwidth Memory (HBM). Analysts predict that AI demand, particularly from companies like Nvidia, will drive the need for specialized storage chips, potentially stabilizing the market and boosting Samsung's semiconductor sales.

Portfolio Pulse from Benzinga Neuro

April 05, 2024 | 1:32 pm

BROS

Dutch Bros (NYSE:BROS) has seen a decrease in short interest, with the short percent of float falling 13.72% to 8.55%. This indicates a reduction in bearish sentiment among traders. The company's short interest is now lower than the peer group average of 8.73%. Short interest is a key indicator of market sentiment, and a decrease suggests traders are becoming more bullish on the stock.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 1:30 pm

JMIA

Jumia Technologies (NYSE:JMIA) has seen a decrease in short interest, with 5.81 million shares sold short, representing 5.78% of its float. This is a 15.25% decrease from its last report, indicating a potential shift in market sentiment towards the stock. The current short interest suggests a more bullish outlook compared to its peers, with the peer group average at 8.86% of float. Short interest is a key indicator of market sentiment, and a decrease can suggest a positive shift in investor outlook towards JMIA.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 1:30 pm

WM

Waste Management's (NYSE:WM) short interest has decreased by 5.8% since the last report, with 5.20 million shares sold short, representing 1.3% of its float. This decrease in short interest could indicate a more bullish sentiment towards WM among traders. Compared to its peers, WM has a lower short interest percentage of float, with an average of 3.44% among its peers, suggesting a relatively positive outlook.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 1:30 pm

KRUS

Kura Sushi USA's stock is trading higher following the announcement of their Q2 earnings, which were accompanied by FY24 guidance that exceeded analysts' expectations.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 1:28 pm

ENPH

Enphase Energy's shares are trading lower following the announcement that David Ranhoff, the company's Executive Vice President and Chief Commercial Officer, plans to step down from his position due to personal reasons.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 1:26 pm

AMZN

DELL

META

NVDA

ORCL

Steve Cohen's Point72 Asset Management is leveraging AI for significant cost savings and efficiency, with an estimated $25M saved through Language Model Models. Cohen's portfolio includes top tech stocks like Amazon, Meta Platforms, Dell Technologies, Nvidia, and Oracle, emphasizing AI's role in their success.

Portfolio Pulse from Surbhi Jain

April 05, 2024 | 1:25 pm