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AMZN

MSFT

Elon Musk made a surprise appearance at the 'Fallout' experience event at SXSW, supporting the Prime Video series adaptation of the game, owned by Amazon (AMZN) and Microsoft (MSFT) respectively. Musk's presence could hint at future support for the series, potentially boosting Amazon Prime Video subscribers and the video game franchise.

Portfolio Pulse from Chris Katje

March 08, 2024 | 9:08 pm

QQQ

SMH

The closing bell update from Benzinga highlights a pullback in the technology sector, with semiconductor stocks paring recent gains, leading to a drop in the Nasdaq.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 9:03 pm

CCL

NCLH

RCL

Carnival Corporation (NYSE:CCL) shares are trading higher after Stifel maintained a Buy rating and raised its price target from $25 to $26, citing underperformance compared to peers as a buying opportunity. Stifel anticipates Carnival could raise its full-year guidance in its upcoming report. This comes as competitors Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) and Royal Caribbean Cruises Ltd. (NYSE:RCL) reported better-than-expected earnings and raised guidance due to increased travel demand. Carnival's stock is trading around its 50-day moving average with a significant short interest. A long-term forecast suggests a challenging outlook for Carnival's stock price.

Portfolio Pulse from Erica Kollmann

March 08, 2024 | 9:01 pm

ABT

Over the past 10 years, Abbott Laboratories (NYSE:ABT) has produced an average annual return of 11.92%, outperforming the market by 1.21% annually. A $100 investment in ABT a decade ago would now be worth $305.07. The company currently has a market capitalization of $209.96 billion.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 9:00 pm

ACGL

Arch Capital Group (NASDAQ:ACGL) has delivered an average annual return of 16.47% over the past 10 years, outperforming the market by 5.75% on an annualized basis. With a current market capitalization of $32.78 billion, an initial investment of $1000 in ACGL stock 10 years ago would now be worth $4,579.50.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 9:00 pm

COST

Costco Wholesale Corporation (NASDAQ:COST) reported strong Q2 financial results, with analysts raising price targets and maintaining positive ratings. The company's strategic position and performance are highlighted as rare and strong, despite the stock trading near all-time highs. Analysts note improving discretionary sales, strong e-commerce growth, and potential for a membership fee increase. Costco's shares pulled back slightly after the report, attributed to high expectations and no immediate membership fee hike.

Portfolio Pulse from Chris Katje

March 08, 2024 | 8:59 pm

MFG

SMFG

Shares of Japanese banks, including MFG and SMFG, are experiencing an uptick following reports that some Bank of Japan officials are considering a shift away from negative interest rates.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 8:55 pm

CAG

Conagra Brands (NYSE:CAG) has seen a 13.04% decrease in short interest, now at 8.39 million shares or 2.0% of float, indicating a bullish sentiment. With a peer average of 5.24% in short interest, CAG stands below its peers, suggesting less bearish sentiment among investors towards it. Short interest is a key indicator of market sentiment, and a decrease often signals increasing bullishness.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 8:45 pm

HRL

Hormel Foods (NYSE:HRL) has seen a 12.61% decrease in short interest, now at 11.37 million shares or 2.08% of float, taking 3.56 days on average to cover. This decline in short interest could indicate a more bullish sentiment towards HRL compared to its peers, where the average short interest is 5.23% of float.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 8:45 pm

EQT

EQT Corporation's (NYSE:EQT) short interest has decreased by 6.41%, now representing 4.09% of its available trading shares. This reduction in short interest, from 14.36 million shares, suggests a more bullish market sentiment towards EQT. The current short interest is below the peer group average of 6.57%, indicating less bearish sentiment compared to its peers. Short interest is a key indicator of market sentiment, and a decrease often suggests a positive outlook on the stock.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 8:45 pm