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KNX

Knight-Swift Transportation Holdings, Inc. (NYSE:KNX) announced leadership changes with Adam Miller promoted to CEO and Andrew Hess to CFO, succeeding David Jackson. The company highlighted the extensive experience of both Miller and Hess in their previous roles and their contributions to the company's growth and acquisitions. The changes come after Jackson's successful tenure, during which the company saw significant transformation and stockholder rewards. The new leadership aims to expand the LTL footprint, improve margins, and enhance stockholder returns.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 2:16 pm

SBAC

SBA Communications (NYSE:SBAC) has seen a 7.67% increase in short interest, now at 2.76 million shares or 3.09% of float, with a 3.07-day average to cover. This rise in short interest may indicate a bearish market sentiment towards SBAC, though it has less short interest compared to its peers' average of 3.91%.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 2:15 pm

ELS

Equity Lifestyle Properties (ELS) has seen a decrease in short interest, with the short percent of float falling 14.29% to 2.58% of all shares available for trading. This indicates a reduction in bearish sentiment among traders. The current short interest stands at 3.93 million shares, requiring approximately 2.84 days for traders to cover their short positions. Comparatively, ELS has a higher short interest than its peer group average of 2.08%, suggesting more bearish sentiment towards ELS than its peers.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 2:15 pm

ROST

Ross Stores (NYSE:ROST) has seen a decrease in short interest, with the short percent of float falling 6.82% to 1.23% of all shares available for trading. The current short interest stands at 3.49 million shares, requiring approximately 2.03 days for traders to cover their short positions. This decline in short interest may indicate a more bullish sentiment towards ROST compared to its last report. Additionally, Ross Stores has a lower short interest compared to its peer group average of 16.01%, suggesting less bearish sentiment among investors relative to its peers.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 2:15 pm

APPN

BMBL

BTCUSD

CORN

IBM

MARA

NVDA

PANW

SMCI

TSLA

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 2:15 pm

LOW

A Lowe's executive reported record online sales for Black Friday and Cyber Monday, along with improved holiday sell-through and margins during a conference call.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 2:12 pm

AVGO

KKR

NVDA

Broadcom Inc (NASDAQ:AVGO) has halted the sale of its security software division, Carbon Black, after offers did not meet expectations. Despite a potential reattempt, Broadcom remains silent. This follows Broadcom's $61 billion acquisition of VMware Inc, including Carbon Black. Meanwhile, KKR & Co Inc (NYSE:KKR) agreed to buy Broadcom's end-user computer unit for about $4 billion. Nvidia Corp (NASDAQ:NVDA) is entering the custom AI chip market, challenging Broadcom's position. Broadcom CEO Hock Tan's pay surged to $161.8 million, mainly from stock awards. Broadcom stock is up 21% YTD, while Nvidia has gained over 64%.

Portfolio Pulse from Anusuya Lahiri

February 27, 2024 | 2:11 pm

DIS

Nelson Peltz ended his proxy contest with Disney in February 2023. Despite the board's efforts to maintain open dialogue and extend invitations for meetings, Peltz declined. Disney remains optimistic about Disney+ achieving profitability by the end of FY24.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 2:10 pm

Macy's Inc (NYSE:M) reported Q4 earnings with an adjusted EPS of $2.45, surpassing analyst expectations but missing revenue forecasts with $8.12 billion. Sales declined by 1.7% YoY, with digital sales down 4% and comparable sales also falling. The company announced a strategy to close 150 stores by 2026, aiming to focus on growth areas like Bloomingdale's and Bluemercury. Macy's expects FY24 adjusted EPS of $2.45-$2.85 and net sales of $22.20 billion-$22.90 billion, both below analyst estimates.

Portfolio Pulse from Nabaparna Bhattacharya

February 27, 2024 | 2:09 pm

AGBA

AGBA Group Holding Limited, a leading financial supermarket in Hong Kong, is poised for growth in 2024, leveraging Hong Kong's recovering macro environment. The company has refined its business model, implemented cost-cutting measures, and secured funds through equity private placement. Despite a significant share price decline since its Nasdaq listing in 2022, AGBA sees a disconnect between its share price and business value, indicating potential upside for shareholders. Strategic partnerships and expansion plans, including to Singapore, are expected to bolster AGBA's market position.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 2:09 pm