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NOW

ServiceNow (NYSE:NOW) has seen a 7.43% increase in short interest since its last report, with 3.24 million shares sold short, representing 1.59% of its float. The current short interest suggests a bearish sentiment among investors, though it's lower than the peer group average of 4.34%. The article highlights the importance of tracking short interest as an indicator of market sentiment.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 6:30 pm

GLBE

Global E Online (NYSE:GLBE) has seen a 27.43% increase in short interest since its last report, with 7.33 million shares sold short, representing 6.69% of its float. It would take approximately 5.59 days for traders to cover these short positions. Short interest is a key indicator of market sentiment, and an increase suggests a more bearish outlook. However, compared to its peers, GLBE has a lower short interest percentage of 6.69% versus the peer group average of 8.82%.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 6:30 pm

LITE

Lumentum Holdings (NYSE:LITE) has seen a decrease in short interest, with 10.06 million shares sold short, representing 19.03% of its float. This is a decline of 4.28% from its last report, indicating a potential shift in market sentiment towards the stock. The current short interest suggests a more bullish outlook, as it takes traders approximately 6.51 days to cover their short positions. Lumentum's short interest is significantly higher than its peer group average of 8.09%, highlighting its unique position in the market.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 6:30 pm

AAPL

AMZN

GOOG

META

MSFT

NVDA

QQQ

SPY

TSLA

The jobs report significantly exceeded expectations, indicating a strong economy and reducing the likelihood of interest rate cuts in June. Money flows were positive for several tech giants and ETFs like SPY and QQQ, while negative for GOOG and TSLA. The report suggests investors should be cautious of stock market permabulls and consider a balanced approach to investing.

Portfolio Pulse from The Arora Report

April 05, 2024 | 6:26 pm

AMD

SOXQ

SOXX

Piper Sandler analyst Harsh V. Kumar reiterated an Overweight rating on Advanced Micro Devices, Inc (NASDAQ:AMD) with a price target of $195, highlighting strong growth prospects for the MI300 chip, especially in server markets. Kumar predicts $4 billion in MI300 revenues for 2024 and $7.6 billion for 2025. He also noted improvements in server CPU inventories and advancements in chip architecture, positioning AMD well for inference applications and server share growth. AMD stock has gained 86% in the last 12 months, and exposure to AMD can also be gained through IShares Semiconductor ETF (NASDAQ:SOXX) and Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ).

Portfolio Pulse from Anusuya Lahiri

April 05, 2024 | 6:24 pm

BTCUSD

Cryptocurrency trader DonAlt predicts Bitcoin could reach $80,000+ if it maintains a longer range between $65,000 and $68,300. He suggests the current cycle is too late for new purchases unless deploying large capital. Liquidations and short-term price movements indicate volatility, while another trader labels the recent breakout a 'true bull market classic.' The upcoming Benzinga event will explore Bitcoin's institutional impact.

Portfolio Pulse from Khyathi Dalal

April 05, 2024 | 6:24 pm

BDSX

GCTS

HUBC

MDIA

STIX

ZGN

U.S. stocks saw significant gains with the S&P 500 rising over 1%. GCT Semiconductor shares surged 52% after signing an MOU with Aramco for 4G and 5G development in Saudi Arabia. MediaCo Holding shares skyrocketed 190% due to a major stake acquisition by Standard General. HUB Cyber Security also gained 35% after announcing $8 million in financing. Conversely, Semantix, Ermenegildo Zegna, and Biodesix saw notable declines in their stock prices.

Portfolio Pulse from Avi Kapoor

April 05, 2024 | 6:20 pm

TSLA

Tesla Inc. (NASDAQ:TSLA) is reportedly offering significant discounts on its Model Y SUVs to address its largest-ever stockpile, despite claims from an investor that these discounts have been in place since last year. The company produced 46,561 more vehicles than it delivered in Q1, leading to an inventory increase. Tesla's stock has been declining, with a 3.2% drop to $165.48 at the time of publication.

Portfolio Pulse from Rounak Jain

April 05, 2024 | 6:19 pm

BYDDY

RIVN

TSLA

Tesla regained its title as the world's top EV seller, surpassing BYD, despite a challenging quarter. BYD continues its aggressive expansion, planning to launch an electric pickup that could compete with Tesla's Cybertruck and Ford's F-150 Lightning. Ford faces challenges with demand for the Lightning and cut workforce at its plant. BYD also announced an ultra-cheap car and a supercar, targeting various market segments. Rivian announced reaching 100,000 EVs produced and unveiled new models, aiming to continue its growth amidst rising competition.

Portfolio Pulse from Upwallstreet

April 05, 2024 | 6:14 pm

AAPL

GOOGL