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SOFI

President Joe Biden is expected to announce a new student loan forgiveness plan, following the Supreme Court's overturning of a previous plan. The Biden administration has already approved nearly $138 billion in relief, benefiting over 4 million borrowers. This news has impacted stocks of student loan collection companies, with SoFi Technologies and SLM Corp seeing increases, while Nelnet Inc. and Navient Corp experienced decreases. Discover Financial Services, rumored to be selling its student loan unit, also saw a slight increase.

Portfolio Pulse from Anthony Noto

April 05, 2024 | 3:43 pm

FLGC

Flora Growth Corp. (NASDAQ:FLGC) announced a $3.2M public offering of 1.7 million common shares, with proceeds aimed at general corporate needs. The offering, managed by Aegis Capital Corp., aligns with Flora's expansion in Germany, including a recent acquisition and plans to capitalize on new cannabis legislation. Shares rose 11.36% to $2.45 following the news.

Portfolio Pulse from Jelena Martinovic

April 05, 2024 | 3:43 pm

BLK

FBTC

BlackRock Inc. (BLK) has expanded its Authorized Participants (APs) for the IBIT Bitcoin ETF, adding Goldman Sachs (GS), Citigroup (C), and others, aiming to enhance liquidity and investor reach. This move reflects the growing integration of Bitcoin into mainstream finance and has seen IBIT and Fidelity's FBTC ETF outperform significantly, capturing a substantial portion of net inflows.

Portfolio Pulse from Murtuza Merchant

April 05, 2024 | 3:41 pm

AIRR

GBX

RZV

Greenbrier Companies, Inc. (NYSE:GBX) reported Q2 FY24 results with revenue of $862.7 million, surpassing consensus estimates but lower than the previous year. The company announced a dividend, provided an optimistic FY24 outlook, and reported a strong order backlog. Shares rose 1.47% to $53.17. Exposure to GBX can also be gained through ETFs AIRR and RZV.

Portfolio Pulse from Lekha Gupta

April 05, 2024 | 3:31 pm

DOGEUSD

SHIBUSD

SOLUSD

Arkham Intelligence highlighted the 'top five fumbles' by cryptocurrency traders in 2024, missing out on over $200 million by selling meme coins too early. Instances include significant losses on Dogwifhat (WIF), Book Of Meme (BOME), Jeo Boden (BODEN), Degen (DEGEN), and Brett (BRETT). The report underscores the volatility and timing criticality in the cryptocurrency market, referencing past successes and failures like the 'Dogecoin millionaire.' The upcoming Benzinga's Future of Digital Assets event will further explore meme coins and Bitcoin's institutional impact.

Portfolio Pulse from Khyathi Dalal

April 05, 2024 | 3:30 pm

CDE

PAAS

Shares of precious metals companies are trading higher due to an increase in the prices of gold and silver.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 3:28 pm

PLUG

Citigroup analyst Vikram Bagri downgraded Plug Power (NASDAQ:PLUG) from Neutral to Sell and reduced the price target from $3.25 to $2, indicating a bearish outlook on the stock.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 3:19 pm

ETN

Eaton Corporation PLC (NYSE:ETN) shares rose by 2.5% to $328.50, buoyed by an upgrade from RBC Capital Markets, which now sees Eaton as the best large-cap investment to benefit from the ongoing electrical super-cycle. Analyst Deane Dray upgraded Eaton from Sector Perform to Outperform and raised the price target from $286 to $371, citing multi-year secular tailwinds and over 330 mega projects representing a $37 billion incremental TAM.

Portfolio Pulse from Priya Nigam

April 05, 2024 | 3:18 pm

NTRA

Natera's (NYSE:NTRA) short interest has decreased by 7.03% since the last report, with 7.95 million shares sold short, representing 7.01% of its float. This decline in short interest could indicate a more bullish sentiment towards NTRA among investors. Natera's short interest is higher than its peer group average of 5.64%, suggesting more bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 3:15 pm

LICY

Li-Cycle Holdings (NYSE:LICY) has seen a 34.88% increase in short interest, with 20.08 million shares sold short, representing 16.9% of its float. This indicates a bearish market sentiment, although it's higher than its peers' average of 2.70% short interest. The coverage time for short positions is approximately 1.23 days.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 3:15 pm