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The US dollar index (DXY) has declined by 3.8% since early October, largely due to a rally in the equity market, as per Bank of America analysts. The S&P 500 index rose 10.5% since Oct. 27, with tech giants like Microsoft and Apple, and chip producer Intel Corporation seeing significant gains. The VIX index has dropped, indicating lower market volatility. Dollar ETFs like the Invesco DB US Dollar Index Bullish Fund and Bearish Fund have moved inversely to the dollar's trend. The dollar's movement is now more tied to risk sentiment than traditional factors like economic growth or geopolitical risk, with the Fed's potential rate cut by the end of Q1 being a key factor to watch.

Portfolio Pulse from Neil Dennis

November 28, 2023 | 5:58 pm

TWLO

Twilio Inc (NYSE:TWLO) stock is trading higher after activist investor Anson Funds acquired a stake in the company and is advocating for its sale or the divestiture of its data and applications business. Anson's stake is worth approximately $50 million. Twilio has faced challenges, including recent layoffs and restructuring into two business units. Despite these challenges and a significant drop from its 2021 peak, Twilio's stock has increased by 28% year-to-date. The company's market capitalization is around $11.8 billion, and its shares were up by 3.9% to $65.28.

Portfolio Pulse from Anusuya Lahiri

November 28, 2023 | 5:35 pm

IBIO

iBio Inc. announced a 20-to-1 reverse stock split, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 5:33 pm

BDRX

Biodexa Pharmaceuticals' stock is trading lower following the announcement of a public offering of 1,397,849 Class A units at $2.79 each.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 5:32 pm

SDRL

Seadrill's stock price is up following the announcement of its Q3 financial results and the board's authorization of an additional $250 million for share repurchases.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 5:26 pm

TLT

The Federal Reserve is expected to operate at a loss for the foreseeable future, impacting its historical practice of transferring excess earnings to the U.S. Treasury. Due to aggressive monetary policy, including rate hikes and quantitative tightening, the Fed's interest expenses on liabilities have increased, while interest income from assets adjusts more slowly. This has resulted in a 'deferred asset' or loss. The iShares 20+ Year Treasury Bond ETF (TLT) has seen a decrease in value over the past three years. The Fed may not resume profit sharing with the Treasury until around mid-2027, while the Treasury's interest expenses are set to exceed $1 trillion in 2023.

Portfolio Pulse from Piero Cingari

November 28, 2023 | 5:17 pm

CHPT

PYPL

On CNBC, Josh Brown revealed that he has purchased shares in PayPal Holdings and sold his stake in ChargePoint Holdings.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 5:16 pm

CWEN

CWEN/A

Clearway Energy's stock is trading higher following the announcement that it will be included in the S&P SmallCap 600 index.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 5:06 pm

ORLY

O'Reilly Automotive (NYSE:ORLY) has seen a 9.21% increase in short interest since its last report, with 1.46 million shares sold short, representing 2.49% of its float. It would take about 3.67 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it's not a definitive predictor of a stock's direction. Compared to its peers, ORLY has less short interest, with the peer group average at 12.97% of float.

Portfolio Pulse from Benzinga Insights

November 28, 2023 | 5:00 pm

BCS

Barclays (NYSE:BCS) has seen a 46.15% decrease in short interest since its last report, with 2.55 million shares sold short, representing 0.07% of available shares. The average time to cover these short positions is 1.0 day. Short interest is a market sentiment indicator, and Barclays's short interest is below its peer group average of 0.88%. The decline in short interest does not necessarily predict a stock price increase.

Portfolio Pulse from Benzinga Insights

November 28, 2023 | 5:00 pm