Streetbeat News

Analyst Ratings

DOW

A 'death cross' has formed on Dow's (NYSE:DOW) chart, which could indicate a bearish trend for the stock. This occurs when the 50-day moving average moves below the 200-day average. However, seasoned investors use this as a signal to start considering possible short positions based on other factors. Dow's past and upcoming earnings expectations are also provided.

Portfolio Pulse from Benzinga Insights

July 07, 2023 | 2:47 pm

CPNG

A 'golden cross' has formed on the chart of Coupang (NYSE:CPNG), which could indicate a bullish trend for the stock. This occurs when the 50-day moving average crosses above the 200-day moving average, suggesting a change in the long-term trend. Coupang's stock is currently trading around $16.88. However, seasoned investors use this as a signal to start considering long positions based on other factors, such as price levels and company fundamentals.

Portfolio Pulse from Benzinga Insights

July 07, 2023 | 2:47 pm

ULTA

A 'death cross' has formed on Ulta Beauty's (NASDAQ:ULTA) chart, which could indicate a bearish trend for the stock. This occurs when the 50-day moving average moves below the 200-day moving average. Seasoned investors use this as a signal to start considering possible short positions. Ulta Beauty's past and upcoming earnings expectations were also discussed.

Portfolio Pulse from Benzinga Insights

July 07, 2023 | 2:47 pm

BLK

JPM

JPMorgan Chase & Co has expressed skepticism about the potential impact of the approval of a spot Bitcoin exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission (SEC). The banking giant believes that such an event is unlikely to drastically affect the crypto space. The company highlighted that Bitcoin funds, including both futures-based and physically backed funds, have not attracted significant investor interest since Q2 2021. JPMorgan also mentioned BlackRock Inc, which submitted documents last month to create a spot Bitcoin ETF.

Portfolio Pulse from Murtuza Merchant

July 07, 2023 | 2:46 pm

COP

ConocoPhillips' stock has been upgraded from Peer Perform to Outperform by Wolfe Research, leading to a rise in the company's shares.

Portfolio Pulse from Benzinga Newsdesk

July 07, 2023 | 2:41 pm

NIR

Benchmark has initiated coverage on Near Intelligence with a Speculative Buy rating and a price target of $3. This has led to an increase in the trading of Near Intelligence shares.

Portfolio Pulse from Benzinga Newsdesk

July 07, 2023 | 2:37 pm

HBM

Hudbay Minerals' stock has been upgraded from Equal-Weight to Overweight by Barclays, leading to an increase in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

July 07, 2023 | 2:28 pm

EIX

Edison Intl's (NYSE:EIX) short percent of float has fallen 5.21% since its last report, with 7.22 million shares sold short, which is 2.73% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards the stock. However, compared to its peers, Edison Intl has a higher short interest as a percentage of float (2.17%).

Portfolio Pulse from Benzinga Insights

July 07, 2023 | 2:16 pm

EFX

Equifax's (NYSE:EFX) short percent of float has risen 5.7% since its last report, with 4.82 million shares sold short, which is 4.45% of all regular shares available for trading. It would take traders 6.58 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Equifax's peer group average for short interest as a percentage of float is 3.87%, indicating the company has more short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

July 07, 2023 | 2:16 pm

ED

Consolidated Edison's (NYSE:ED) short percent of float has fallen 10.39% since its last report, with 7.10 million shares sold short, which is 2.76% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards the stock. However, compared to its peers, Consolidated Edison has a higher short interest as a percentage of float (1.78%).

Portfolio Pulse from Benzinga Insights

July 07, 2023 | 2:16 pm