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PLTR

Palantir Technologies, Inc. (NYSE:PLTR) shares are trading higher, up more than 17% over the past month. Wedbush analyst Daniel Ives named Palantir as a top tech pick for 2024, expecting tech stocks to rise another 15%. Ark Invest's ARKQ fund purchased 199,372 shares of Palantir. The stock has gained over 50% year-to-date, trading above its 50-day moving average and just below its 52-week high. Palantir's RSI indicates overbought conditions.

Portfolio Pulse from Erica Kollmann

July 05, 2024 | 6:20 pm

TBLA

Needham analyst Laura Martin maintained a Buy rating on Taboola.com Ltd (NASDAQ:TBLA) but lowered the price target from $6 to $5. Despite strong Q2 projections, Martin reduced her revenue and earnings estimates for the second half of fiscal 2024 and fiscal 2025 due to integration delays with Yahoo's demand side. TBLA shares are trading lower by 4.18% at $3.33.

Portfolio Pulse from Anusuya Lahiri

July 05, 2024 | 6:16 pm

GDDY

GoDaddy's (NYSE:GDDY) short interest has risen by 22.93%, with 3.57 million shares sold short, representing 3.27% of its float. This increase in short interest suggests a more bearish sentiment among investors. However, GoDaddy's short interest is still lower than the peer group average of 6.56%.

Portfolio Pulse from Benzinga Insights

July 05, 2024 | 6:15 pm

FORD

Forward Industries (NYSE:FORD) has seen a significant rise in short interest, with a 974.69% increase since its last report. The company now has 120,000 shares sold short, representing 17.41% of its float. This is much higher than the peer group average of 2.53%.

Portfolio Pulse from Benzinga Insights

July 05, 2024 | 6:15 pm

BTCUSD

ETHUSD

Crypto trader Blockchainedbb predicts Bitcoin (BTC) could drop to $44,000 if it closes below the 200 Daily EMA. He advises against waiting for a bounce and suggests exit points for various cryptocurrencies. Charles Edwards of Capriole Fund also expects a correction.

Portfolio Pulse from Khyathi Dalal

July 05, 2024 | 6:09 pm

FCFS

FirstCash Holdings (NASDAQ:FCFS) has outperformed the market over the past 20 years with an average annual return of 13.1%, significantly growing an initial $100 investment to $1,172.37. The company currently has a market capitalization of $4.71 billion.

Portfolio Pulse from Benzinga Insights

July 05, 2024 | 6:00 pm

AMP

Ameriprise Financial (NYSE: AMP) has significantly outperformed the market over the past 15 years, with an annualized return of 21.42%. A $100 investment in AMP 15 years ago would be worth $1,944.60 today. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

July 05, 2024 | 6:00 pm

AAON

AAON's short interest has risen by 30.4%, with 4.04 million shares sold short, representing 6.82% of its float. This is higher than the peer group average of 4.15%. It would take traders 5.78 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

July 05, 2024 | 6:00 pm

ULCC

Raymond James analyst Savanthi Syth has downgraded Frontier Group Holdings (NASDAQ:ULCC) from Market Perform to Underperform.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 5:58 pm

HDB

HDFC Bank Limited (NYSE:HDB) shares are trading lower due to a flat sequential deposit performance for the quarter ended June and a decrease in both advances and deposits. The bank is also considering selling a loan portfolio amid increased regulatory scrutiny and a high credit-deposit ratio. The stock is down 7.44% to $61.69.

Portfolio Pulse from Nabaparna Bhattacharya

July 05, 2024 | 5:57 pm