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MELI

Over the past 15 years, MercadoLibre (NASDAQ:MELI) has significantly outperformed the market, with an average annual return of 37.11%, turning a $1000 investment into $109,964.87 today. The company now has a market capitalization of $80.88 billion.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 2:30 pm

LDOS

Leidos Holdings (NYSE:LDOS) has outperformed the market over the past 5 years, achieving an average annual return of 15.38%. A $100 investment in LDOS 5 years ago would be worth $202.79 today. The company's market capitalization stands at $17.65 billion.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 2:30 pm

AMKR

ARM

CMC

EQIX

INFY

SIG

Jim Cramer discussed various companies on CNBC's 'Mad Money Lightning Round,' praising Equinix, Signet Jewelers, Infosys, and Commercial Metals Company, while noting a lock-up expiration for Arm Holdings. Equinix reported strong Q4 sales and a dividend, Signet Jewelers appointed a new board member, Infosys launched its Responsible AI Suite, and Commercial Metals is expected to report earnings soon. Amkor received a neutral rating from Goldman Sachs.

Portfolio Pulse from Avi Kapoor

March 01, 2024 | 2:29 pm

FTEC

MSFT

SONY

TCEHY

XLK

Microsoft Corp (NASDAQ:MSFT) has sold the Toys for Bob video-game studio, aiming for future partnerships amid a gaming industry overhaul. Toys for Bob, known for Skylanders and Crash Bandicoot N. Sane Trilogy, will operate as an independent studio. The financial details of the divestiture are undisclosed. This move comes in the context of Microsoft's $69 billion acquisition of Activision and an industry-wide trend of consolidation, including job cuts and game cancellations. Electronic Arts Inc (NASDAQ:EA), Sony Group Corp (NYSE:SONY), and Tencent Holding Ltd's (OTC:TCEHY) Riot Games have also announced significant layoffs. The SPDR Select Sector Fund – Technology (NYSE:XLK) and Fidelity MSCI Information Technology Index ETF (NYSE:FTEC) offer exposure to Microsoft, which has seen its shares trading lower by 0.44% at $411.80 premarket.

Portfolio Pulse from Anusuya Lahiri

March 01, 2024 | 2:24 pm

AMC

BNGE

DIS

NFLX

WBD

Netflix Inc (NFLX) shares have surged 24% in 2024, outperforming rivals and traditional cinemas. Despite a price hike, it remains a cost-effective option for consumers. Competitors like Warner Bros Discovery Inc (WBD) and Walt Disney Company (DIS) have seen mixed results, with WBD's shares falling and DIS's rising due to Disney+ growth. The shift to streaming, exemplified by Amazon Prime and Apple TV+, has hurt cinema attendance, with AMC Entertainment Holdings Inc. (AMC) shares plummeting. The cinema industry struggles with recovering from the pandemic and a lack of blockbuster hits, despite some potential in upcoming releases like "Dune: Part Two."

Portfolio Pulse from Neil Dennis

March 01, 2024 | 2:23 pm

EVBG

Everbridge, Inc. (NASDAQ:EVBG) shares surged premarket after Thoma Bravo increased its acquisition offer to $35.00 per share, valuing Everbridge at approximately $1.8 billion. This revised offer represents a 62% premium over its 90-day volume-weighted average share price as of February 2, 2024. The transaction is expected to close in Q2 2024, making Everbridge a privately held company. This follows Everbridge's Q4 2023 earnings, where it reported an adjusted EPS of $0.47 and sales of $115.76 million.

Portfolio Pulse from Lekha Gupta

March 01, 2024 | 2:18 pm

CPRT

Copart (NYSE:CPRT) has seen a 17.82% increase in its short percent of float since the last report, with 9.22 million shares sold short, representing 1.19% of available shares. It would take about 2.62 days to cover these short positions based on current trading volume. This rise in short interest could indicate a more bearish market sentiment towards Copart, although it has less short interest compared to its peers' average of 3.49%. The increase in short interest doesn't necessarily predict a price drop but suggests traders are betting more on a decline.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 2:15 pm

IOVA

Iovance Biotherapeutics (NYSE:IOVA) has seen a decrease in short interest, now at 16.64% of float, down 6.67% from the last report. With 42.98 million shares sold short, it would take about 7.73 days to cover all short positions. This change in short interest could indicate a shift in market sentiment towards IOVA, potentially signaling a more bullish outlook compared to its peers, which have an average short interest of 10.54%.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 2:15 pm

PXD

Pioneer Natural Resources (NYSE:PXD) has seen an 8.78% increase in short percent of float since its last report, with 6.62 million shares sold short, representing 2.85% of available shares. This indicates a bearish market sentiment, although it's below the peer group average of 6.43% short interest. The rise in short interest doesn't necessarily predict a price drop but suggests increased bearishness among traders.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 2:15 pm

AAPL

AMD

DELL

MARA

NVDA

SMCI

SNOW

SOUN

TSLA

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 2:13 pm