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SNV

Synovus Financial Corp. (NYSE:SNV) has seen a 14.81% increase in short interest since its last report, with 6.84 million shares sold short, representing 5.27% of its float. This indicates a bearish market sentiment towards SNV, although it's higher than its peer group average of 3.60% short interest. The article suggests that while increased short interest can signal bearish sentiment, it can also present bullish opportunities under certain conditions.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 2:30 pm

AMD

AOTG

BIDU

NVDA

SOXQ

TCEHY

AMD is advancing in the AI chip market despite U.S. sanctions affecting its operations in China. It introduced the MI300 series, including the MI309 tailored for China, amidst competition with Nvidia. AMD's strategic moves include hiring Thomas Zacharia to boost global AI solution adoption and launching the Spartan UltraScale+ FPGA family for I/O-intensive applications. The U.S. restrictions have led AMD to design a lower-performance chip for China, aligning with export regulations. Investors can gain exposure to AMD through AOT Growth And Innovation ETF (AOTG) and Invesco PHLX Semiconductor ETF (SOXQ). AMD's stock rose 2.86% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

March 06, 2024 | 2:27 pm

The Boeing 737 Max is facing renewed public scrutiny and trust issues, as passengers, including a former Boeing employee and a marketing professional, are choosing to boycott the aircraft due to safety concerns. This follows a reputation-damaging incident with Alaska Airlines and concerns raised by a Netflix documentary about Boeing's working environment. Despite these issues, Boeing continues to secure significant contracts, indicating continued trust from major industry players.

Portfolio Pulse from Benzinga Neuro

March 06, 2024 | 2:26 pm

EVGO

EVgo, Inc. (NASDAQ:EVGO) shares surged after reporting Q4 FY23 results with an 83% Y/Y revenue increase to $50.0 million, surpassing analyst expectations. The company saw a 257% Y/Y increase in network throughput and added over 110,000 new customer accounts. Despite an adjusted EBITDA loss of $(14.0) million, the net loss per share of $(0.12) beat forecasts. CEO Badar Khan highlighted the company's profitability at the installed base level and its strong positioning for future growth. EVgo expects FY24 revenue between $220 million and $270 million, with an adjusted EBITDA of $(48) million to $(30) million. Shares rose 13.7% to $3.16 in premarket trading.

Portfolio Pulse from Lekha Gupta

March 06, 2024 | 2:24 pm

CSSE

Chicken Soup for the Soul Entertainment Inc (NASDAQ:CSSE) is exploring financial options to address its cash crisis, including issuing preferred equity, raising new debt, and selling assets. The company, which expanded from publishing to various entertainment sectors, faces financial instability with $4.1 million in cash and $360 million in debt from its merger with Redbox. Despite efforts to reduce costs and renegotiate contracts, its stock has lost over 95% of its value in the past year.

Portfolio Pulse from Anusuya Lahiri

March 06, 2024 | 2:21 pm

BLK

CABA

GNRC

MARA

POWL

PTLO

VICI

Jim Cramer shared his views on several stocks on CNBC's 'Mad Money Lightning Round'. He recommended holding onto Regions Financial Corporation (RF), praised BlackRock, Inc. (BLK) for its financial significance, and expressed caution about VICI Properties Inc. (VICI) due to its dicey nature despite good management. Cramer advised buying a bitcoin ETF over Marathon Digital Holdings, Inc. (MARA), supported Generac Holdings Inc. (GNRC) in a low-interest environment, and recognized Powell Industries, Inc. (POWL) as a solid company. He criticized Portillo's Inc. (PTLO) for being overvalued and lacking in earnings, while showing optimism for Cabaletta Bio, Inc. (CABA) due to its potential in T-cell immunity.

Portfolio Pulse from Avi Kapoor

March 06, 2024 | 2:20 pm

ABM

ABM Industries Incorporated (NYSE:ABM) is set to release its Q1 earnings on March 7, 2024, with analysts expecting a decrease in earnings per share from the previous year. The company recently announced a partnership with the Arizona Diamondbacks and Chase Field. ABM offers a dividend yield of 2.18%, equating to a quarterly dividend of 22.5 cents a share. To earn a monthly dividend income of $500, an investor would need to own approximately 6,667 shares, valued around $271,680. The article also explains how dividend yield can fluctuate with stock price and dividend payment changes. ABM's stock fell 1.2% to close at $40.75 recently.

Portfolio Pulse from Avi Kapoor

March 06, 2024 | 2:19 pm

BTCUSD

ETHUSD

SPY

Cryptocurrencies including Bitcoin, Ethereum, and Dogecoin face a downturn with $1.15B in potential liquidations. Veteran traders predict a surprise rally for Bitcoin, while Shiba Inu's developer disputes a misquote. Dogecoin's support from Elon Musk keeps it in the spotlight. Ethereum's co-founder sells $100K of ETH amid a dip. US markets show mixed signals with the Fear & Greed Index entering 'Greed' zone and Dow dropping. Nikki Haley's withdrawal from the 2024 Presidential race could favor Trump. US and global politics, economy updates, and tech and EV sector movements, including Tesla's strategies and Rivian's efficiency improvements, are highlighted.

Portfolio Pulse from Akanksha Bakshi

March 06, 2024 | 2:17 pm

Foot Locker has revised its FY24 adjusted EPS forecast to $1.50-$1.70, down from the estimated $1.93, while expecting comparable sales to increase by 1-3%.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 2:16 pm

AAPL

AMD

ANF

CRWD

NVDA

SMCI

TSLA

TSM

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 2:16 pm