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AMZN

BOTZ

GOOG

GOOGL

META

MSFT

NVDA

SMH

Nvidia Corp dominates the data center GPU market with a 92% share, highlighting U.S. leadership in generative AI. The company's CUDA platform is widely used by developers, contributing to its market value surge to $1.73 trillion by 2024. U.S. tech giants like Meta Platforms, Amazon, Microsoft, and Alphabet lead in cloud infrastructure and AI investments. Nvidia's sales from data centers are expected to constitute over 85% of its total revenue. The stock has surged 242% in the last 12 months, with exposure available through VanEck Semiconductor ETF and Global X Robotics & Artificial Intelligence ETF.

Portfolio Pulse from Anusuya Lahiri

March 28, 2024 | 12:35 pm

LEGH

MIRM

SNOW

Insider purchases at Snowflake, Legacy Housing, Mistras Group, and Mirum Pharmaceuticals signal confidence in these companies. Snowflake's CEO bought shares worth $5M, despite a recent downgrade. Legacy Housing and Mistras Group saw insider buys after reporting disappointing financial results. Mirum Pharmaceuticals' CFO purchased shares following FDA approval of its drug, Livmarli.

Portfolio Pulse from Avi Kapoor

March 28, 2024 | 12:33 pm

BOSC

BOS Better Online Solutions (BOSC) reported a decrease in Q4 earnings to $0.07 per share from $0.09 YoY, with sales falling to $10.89M from $11.33M YoY.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 12:31 pm

Verizon Communications Inc. (VZ) shares closed higher amid stock market strength. The company is expected to report Q1 2024 earnings with a slight decrease in EPS but an increase in revenue. Analyst Steve Malcolm upgraded Verizon to Neutral with a $39 price target. Verizon's dividend yield stands at 6.40%, with calculations showing the number of shares needed to earn $500 or $100 monthly from dividends. The dividend yield fluctuates with stock price and dividend payment changes.

Portfolio Pulse from Avi Kapoor

March 28, 2024 | 12:31 pm

INZY

MESO

PNTG

SPRY

STIM

As of March 28, 2024, five health care stocks are considered overbought based on their RSI values, indicating potential short-term declines. These include The Pennant Group, Inc. (PNTG), Mesoblast Limited (MESO), ARS Pharmaceuticals, Inc. (SPRY), Neuronetics, Inc. (STIM), and Inozyme Pharma, Inc. (INZY). Each company has recently reported significant developments or financial results, contributing to rapid stock price increases and high RSI values.

Portfolio Pulse from Avi Kapoor

March 28, 2024 | 12:30 pm

ANET

KLAC

SCVL

Insiders at Arista Networks, Shoe Carnival, KLA Corporation, and Agilent Technologies have recently sold shares. These sales could indicate various sentiments about the companies' future prospects or stock valuations. Notable analysts have maintained positive outlooks on these companies despite the insider sales.

Portfolio Pulse from Avi Kapoor

March 28, 2024 | 12:21 pm

AVTX

GCTS

MLKN

RH shares surged 9.4% in pre-market trading after releasing Q4 results and an upbeat full-year 2024 forecast, despite weaker-than-expected Q4 results. Other stocks showed significant movement in pre-market trading, with notable gainers including Avalo Therapeutics and Binah Capital Group, and losers like GCT Semiconductor Holding and MillerKnoll.

Portfolio Pulse from Avi Kapoor

March 28, 2024 | 12:21 pm

BTCUSD

The upcoming Bitcoin halving in April 2024 is expected to boost ETF opportunities in the cryptocurrency sector, according to a report by Canaccord Genuity. The halving, which reduces miner rewards by 50%, along with the approval of spot exchange-traded funds (ETFs) and a growing risk appetite, contributed to a 60% increase in Bitcoin's value in Q1 2024. The SEC's approval of 11 U.S. spot Bitcoin ETFs is seen as a positive development, potentially making spot ETFs a significant factor in Bitcoin's price action. However, the traditional impact of the halving may be diminishing due to the influx of institutional demand through Bitcoin ETFs.

Portfolio Pulse from Benzinga Neuro

March 28, 2024 | 12:17 pm

NDIV

TINT

Chemours Company (NYSE:CC) shares dropped premarket after announcing the completion of an internal audit revealing delayed payments, accelerated receivables, and material weaknesses in financial reporting. Despite these issues, Q4 FY23 results exceeded expectations with net sales of $1.36 billion and adjusted EBITDA of $176 million. The company expects Q1 2024 net sales to be flat or slightly down and adjusted EBITDA to decrease by about 10%. Chemours also received court approval for a $592 million settlement of PFAS-related claims.

Portfolio Pulse from Lekha Gupta

March 28, 2024 | 12:16 pm

WKSP

Worksport Ltd. (NASDAQ:WKSP) has received the necessary custom solar panels to begin production of the SOLIS Solar Tonneau Cover in New York. This marks a significant step towards the product's market launch this summer. The solar panels, boasting high power output and flexibility, are crucial for the innovative cover designed for pickup trucks. Worksport is also preparing to introduce the COR Battery System, complementing the solar cover. CEO Steven Rossi highlights this development as a testament to the team's dedication, aiming to impact the automotive and renewable energy sectors positively.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 12:12 pm