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AMD

Advanced Micro Devices (AMD) CFO announced at the MS Conf that the AI accelerator market, in which AMD participates, surpassed $40 billion in 2023 and is expected to more than double in 2024.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 4:28 pm

CGEN

Compugen's shares dropped following the announcement of their Q4 earnings per share (EPS) results, which fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 4:24 pm

DTSS

Datasea Inc.'s shares were halted due to a circuit breaker triggered by a significant upside movement, with the stock now experiencing a 78% increase.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 4:24 pm

ARBK

Argo Blockchain's stock is trading lower following a report of decreased mining revenue in February and the sale of its Mirabel, Quebec Data Center.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 4:21 pm

LGCL

Trading of Lucas GC (LGCL) shares has resumed.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 4:21 pm

FERG

Ferguson Plc (NYSE:FERG) shares dropped after reporting Q2 earnings that missed analyst expectations. Earnings per share were $1.74, below the consensus of $1.84, and sales of $6.67 billion also fell short of the expected $6.76 billion. The company saw a decline in net sales in both the U.S. and Canada, with a 2.2% and 3.7% decrease respectively. Operating profit decreased by 13.1% to $477 million, and adjusted EBITDA fell to $568 million from $630 million year-over-year. Despite these results, Ferguson announced a quarterly dividend of $0.79 and completed share repurchases of $142 million. The company expects full-year 2024 sales to be flat and maintains its adjusted operating margin forecast.

Portfolio Pulse from Nabaparna Bhattacharya

March 05, 2024 | 4:20 pm

UPS

High-rolling investors have shown a bearish sentiment on United Parcel Service (NYSE:UPS), with options data revealing a split sentiment: 44% bullish and 55% bearish. The data, tracked by Benzinga, indicates significant options trades, including one put at $62,500 and eight calls totaling $317,360, targeting a price range of $150. UPS's stock is currently down -0.23% at $150.27, with analysts from UBS and Baird setting price targets of $175 and $170, respectively.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 4:19 pm

USO

VGK

Russian President Vladimir Putin stated that the objective of OPEC+ is to achieve price stability in the oil market, rather than to increase prices. This clarification comes amid concerns over rising oil prices and their impact on the global economy.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 4:17 pm

AAPL

AMAT

AMD

AMZN

GLD

GOOG

NVDA

SMH

Investors are closely monitoring semiconductors, particularly the VanEck Semiconductor ETF (SMH), for signs of a pullback, as they are a leading indicator in the AI revolution. The article highlights a 62% gain from the Arora buy zone and suggests a potential market-wide pullback if semiconductors decline. Key semiconductor stocks like NVIDIA (NVDA) and Applied Materials (AMAT) are favored. Additionally, AMD faces challenges with U.S. restrictions on AI chip exports to China, and Apple (AAPL) sees a market share drop in China. Gold, represented by SPDR Gold Trust (GLD), has reached a new high, indicating investor anticipation of an interest rate cut. Negative early trade money flows are observed in major tech stocks and ETFs like Amazon (AMZN), Alphabet (GOOG), Meta Platforms (META), Microsoft (MSFT), Tesla (TSLA), SPDR S&P 500 ETF Trust (SPY), and Invesco QQQ Trust (QQQ).

Portfolio Pulse from The Arora Report

March 05, 2024 | 4:14 pm

LGCL

Shares of Lucas GC (LGCL) were halted due to a circuit breaker triggered by a significant downside movement. This action is typically taken to prevent panic selling and provide a cooling-off period for investors.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 4:11 pm