Streetbeat News

Assets

PCAR

PACCAR (NASDAQ:PCAR) has delivered an average annual return of 20.06% over the past 5 years, outperforming the market by 8.0% annually. With a current market capitalization of $62.28 billion, an initial investment of $1000 in PCAR 5 years ago would now be worth $2,532.69.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 4:30 pm

DT

Dynatrace's (NYSE:DT) short interest has decreased by 25.23% since the last report, with 3.97 million shares sold short, representing 1.63% of its float. This decline in short interest could indicate a more bullish sentiment towards DT among traders. Compared to its peers, DT has a lower short interest percentage of float, with an average of 6.06% among its peers, suggesting a relatively positive outlook.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 4:15 pm

ODFL

Old Dominion Freight Line (ODFL) has seen a 6.93% increase in its short percent of float since the last report, with 2.10 million shares sold short, representing 1.08% of all shares available for trading. This increase in short interest indicates a more bearish market sentiment towards ODFL, although it has less short interest compared to its peer group average of 4.65%. The article suggests that while an increase in short interest can signal bearish sentiment, it can also be bullish under certain conditions.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 4:15 pm

ROBT

Elon Musk suggested AI as a solution to the U.S.'s $34.65 trillion debt problem, with a cautionary note about its risks. The national debt's growth projections and the potential of disruptive innovation, like AI, to boost GDP growth were highlighted. Cathie Wood of Ark Invest supports the idea that innovation could significantly increase GDP growth rates. Musk, a co-founder of OpenAI, emphasized the need for AI regulation despite its benefits. The First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT) was mentioned with its recent trading performance.

Portfolio Pulse from Shanthi Rexaline

April 12, 2024 | 4:13 pm

ALL

Over the past 15 years, Allstate (NYSE:ALL) has produced an average annual return of 14.81%, outperforming the market by 1.93% annually. With a current market capitalization of $44.43 billion, a $100 investment in Allstate 15 years ago would now be worth $719.21. This showcases the significant impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 4:00 pm

ELV

Elevance Health (NYSE:ELV) has delivered an average annual return of 12.93% over the past 20 years, turning a $1000 investment into $11,267.11 today. With a current market capitalization of $115.83 billion, ELV's performance highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 4:00 pm

AAL

CCL

CUK

DAL

NCLH

RCL

UAL

Shares of travel sector companies are down due to market weakness, rate cut uncertainty, Middle East tensions, and rising oil prices, potentially increasing fuel costs.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 3:57 pm

ILMN

Illumina's (NYSE:ILMN) short interest has increased by 5.16% since the last report, with 5.21 million shares sold short, representing 3.67% of its float. It would take about 3.27 days to cover all short positions. Short interest is a key indicator of market sentiment, and an increase suggests a more bearish outlook by investors. However, compared to its peers, Illumina has a lower short interest percentage of 3.67% versus the peer group average of 5.28%.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 3:45 pm

EW

Edwards Lifesciences (NYSE:EW) has seen a 24.11% increase in short interest since its last report, with 10.45 million shares sold short, representing 1.75% of its float. This indicates a bearish market sentiment, although it has less short interest compared to its peers' average of 4.05%. The rise in short interest does not necessarily predict a near-term price fall but suggests increased bearishness among traders.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 3:45 pm

SRE

Sempra's (NYSE:SRE) short interest has increased by 7.43% since the last report, with 12.34 million shares sold short, representing 2.17% of its float. It would take about 3.56 days to cover all short positions. This rise in short interest could indicate a more bearish market sentiment towards Sempra, although it has less short interest compared to its peer group average of 3.26%. The increase in short interest doesn't necessarily predict a price drop but suggests traders are shorting more shares.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 3:45 pm