Streetbeat News

Analyst Ratings

BX

Blackstone's (NYSE:BX) short percent of float has risen 7.01% since its last report, with 20.61 million shares sold short, which is 2.9% of all regular shares available for trading. It would take traders 4.89 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Blackstone's peer group average for short interest as a percentage of float is 3.05%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 9:10 pm

PRU

Prudential Financial's (NYSE:PRU) short percent of float has fallen 7.49% since its last report, with 6.30 million shares sold short, which is 1.73% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards the stock. However, it does not necessarily mean that the stock price will rise in the near term. Compared to its peers, Prudential Financial has less short interest as a percentage of float, with an average of 2.59%.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 9:09 pm

SLB

SLB's (NYSE:SLB) short percent of float has risen 27.64% since its last report, with 22.29 million shares sold short, which is 1.57% of all regular shares available for trading. It would take traders 1.64 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. SLB's peer group average for short interest as a percentage of float is 6.06%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 9:09 pm

HLIT

Harmonic reported Q2 earnings of $0.12 per share, missing the analyst consensus estimate of $0.13 by 7.69%. This is a 25% decrease from the same period last year. The company also reported quarterly sales of $156.00 million, missing the analyst consensus estimate of $167.27 million by 6.74%. This is a 0.92% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 9:05 pm

VNO

Vornado Realty reported Q2 earnings of $0.72 per share, a 13.25% decrease YoY. However, the company's quarterly sales of $472.36M beat the analyst consensus estimate of $441.76M by 6.93%, marking a 4.16% increase YoY.

Portfolio Pulse from sunil@benzinga.com

July 31, 2023 | 8:58 pm

CVX

Unusual options activity has been observed for Chevron (NYSE:CVX), with a bearish stance taken by a large investor. The sentiment among these big-money traders is split between 39% bullish and 60% bearish. The price range targeted by these investors for Chevron over the last 3 months is from $100.0 to $170.0. Chevron's stock price is currently up 3.02% at $163.66. Analysts from Raymond James, Mizuho, Truist Securities, UBS, and Morgan Stanley have maintained their ratings on Chevron, with price targets ranging from $165 to $205.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 8:52 pm

RRX

Regal Rexnord (NYSE:RRX) reported Q2 earnings of $2.56 per share, beating the analyst consensus estimate of $2.44 by 4.92%. However, this is a 7.25% decrease from the same period last year. The company also reported quarterly sales of $1.77 billion, beating the analyst consensus estimate of $1.62 billion by 9.06%, and marking a 31.10% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 8:36 pm

AFL

Aflac Inc.'s stock price is currently at $72.34, after a 0.07% drop. However, over the past month, the stock has risen by 3.48%, and in the past year, by 23.09%. Aflac's P/E ratio is lower than the aggregate P/E of the Insurance industry, which could indicate that the stock is undervalued or that shareholders do not expect future growth. The P/E ratio should be used in conjunction with other financial metrics and qualitative analysis for investment decisions.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 8:34 pm

HOLX

Hologic (NASDAQ:HOLX) reported Q3 earnings of $0.93 per share, beating the analyst consensus estimate of $0.88 by 5.68%. However, this is a 2.11% decrease from the same period last year. The company also reported quarterly sales of $984.40 million, surpassing the analyst consensus estimate of $957.13 million by 102.85M%, but this is a 1.85% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 8:18 pm

CPLP

Stifel analyst Benjamin Nolan maintains a 'Buy' rating on Capital Product Partners (NASDAQ:CPLP) and raises the price target from $17 to $20.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 8:17 pm