Streetbeat News

Assets

STEM

Stem, Inc. (NYSE:STEM) has seen a decrease in short interest, with the short percent of float falling 6.95% to 27.3%. This indicates a reduction in bearish sentiment among traders, as it now takes them 11.13 days on average to cover their short positions. Despite this decrease, Stem's short interest remains higher than its peer group average of 12.55%, suggesting a mixed market sentiment.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 8:15 pm

CDNS

A significant bearish sentiment has been observed in the options market for Cadence Design Systems (NASDAQ:CDNS), with a notable volume of options trades indicating a price target range of $200 to $310. The analysis of volume and open interest suggests institutional or wealthy individual involvement, with a mix of bearish and bullish positions but a predominance of bearish sentiment. Cadence Design Systems, a key player in electronic design automation, is currently experiencing a stock price increase and is approaching its earnings announcement.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 8:01 pm

UFPI

UFP Industries (NASDAQ:UFPI) has significantly outperformed the market with an annualized return of 30.36% over the past 5 years, turning a $1000 investment into $3,754.46. The company now has a market capitalization of $7.07 billion.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 8:00 pm

PCAR

Over the past 5 years, PACCAR (NASDAQ:PCAR) has outperformed the market with an annualized return of 18.74%, turning a $100 investment into $237.17. The company's market capitalization stands at $53.21 billion.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 7:30 pm

AEP

American Electric Power (NYSE:AEP) has seen a decrease in short interest, with shares sold short falling to 8.49 million, representing 1.61% of available shares. This decrease suggests a more bullish sentiment among investors compared to its peers, where the average short interest as a percentage of float is 2.51%. The article highlights the importance of tracking short interest as an indicator of market sentiment.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 7:30 pm

ASND

Over the past 5 years, Ascendis Pharma (NASDAQ:ASND) has outperformed the market with an annualized return of 15.86%, turning a $100 investment into $206.62. The company now has a market capitalization of $8.02 billion.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 7:30 pm

AMZN

META

QQQ

SPY

TLT

The U.S. stock market, led by the S&P 500, recorded its fourth consecutive week of gains, driven by strong tech earnings and a robust January jobs report. Meta Platforms and Amazon.com saw significant stock increases following their earnings reports. The total market value of major tech companies surpassed the economies of Germany, Japan, and India. Bonds declined as expectations for interest rate cuts in 2024 were adjusted. Major ETFs like SPY, DIA, and QQQ also saw increases.

Portfolio Pulse from Piero Cingari

February 02, 2024 | 7:16 pm

CMC

Commercial Metals (NYSE:CMC) has seen a 10.43% decrease in short interest, now at 3.06 million shares or 3.52% of float, taking 2.39 days on average to cover. This decline in short interest could indicate a more bullish sentiment towards CMC compared to its peers, where the average short interest is 4.26%.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 7:15 pm

POOL

Pool Corporation's (NYSE:POOL) short interest has increased by 6.3% since the last report, reaching 4.30 million shares or 14.67% of the float. This is significantly higher than its peer group average of 5.44%. High short interest can indicate bearish market sentiment but can also be bullish under certain conditions.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 7:15 pm

CYTK

Over the past 5 years, Cytokinetics (NASDAQ:CYTK) has significantly outperformed the market, with an annualized return of 61.18%, turning a $100 investment into $1,105.77. The company now boasts a market capitalization of $7.93 billion.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 7:00 pm