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U.S. stocks saw significant gains with the Dow Jones rising over 500 points. Home Depot (HD) reported third-quarter results that exceeded expectations, with a 3% year-on-year sales decline to $37.71 billion, surpassing analyst estimates of $35.66 billion, and an EPS of $3.81 beating the consensus of $3.58. Real estate shares led the market with a 5% surge, while energy shares had a modest increase of 0.5%. BioCardia (BCDA), INVO Bioscience (INVO), and Theseus Pharmaceuticals (THRX) experienced substantial stock price increases due to positive company developments. Conversely, The Beauty Health Company (SKIN), Kubient (KBNT), and Applied UV (AUVI) saw their shares plummet following negative financial results and company announcements.

Portfolio Pulse from Lisa Levin

November 14, 2023 | 8:10 pm

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GOOGL

At Benzinga's 'Future of Digital Assets' event, Widmann expressed his belief that smaller scale projects will be key in transforming the structures of capital markets.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 7:32 pm

VIPS

Vipshop Holdings Ltd (NYSE:VIPS) reported a 5.3% Y/Y revenue increase in Q3 FY23 to $3.1 billion, with GMV up 13.1% and active customers growing by 3.5%. Gross profit fell 13% Y/Y, but adjusted operating income rose 33% with improved margins. Adjusted EPS increased, and the company repurchased $13.4 million of its ADSs. Vipshop anticipates Q4 revenue growth between 0% to 5% Y/Y. VIPS shares rose 1.36% to $14.50.

Portfolio Pulse from Akanksha Bakshi

November 14, 2023 | 7:29 pm

Estee Lauder Cos Inc. (NYSE:EL) saw a 1.89% increase in its stock price to $115.88 in the current market session, despite a 13.53% decrease over the past month and a 44.66% drop over the past year. The company's P/E ratio of 74.33 is significantly higher than the Personal Products industry average of 30.47, which could suggest that investors expect better future performance or that the stock is overvalued.

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 7:02 pm

NOTE

FiscalNote's stock price has declined following the release of their Q3 revenue results, which fell short of expectations. Additionally, the company has filed for a $100M mixed shelf offering, potentially diluting current shareholders.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 6:41 pm

QQQ

SPY

Michael Burry, known for his successful short positions, has closed a large short position on S&P 500 and Nasdaq derivatives, as revealed by a 13F filing. The derivatives are tracked by ETFs such as SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ Trust Series 1 (QQQ). This move could indicate a bullish outlook for the US stock market, as it comes after the S&P 500 has recovered 9% from a recent correction. Global fund managers have also shifted to an overweight rating on US equities, suggesting a potential Santa rally into 2024.

Portfolio Pulse from Neil Dennis

November 14, 2023 | 6:37 pm

PRU

Prudential Financial (NYSE:PRU) has seen a 4.84% rise in short interest since the last report, with 4.70 million shares sold short, representing 1.3% of available shares. It would take about 3.3 days to cover these short positions based on current trading volume. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Prudential has less short interest compared to its peer group average of 2.50%.

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 6:15 pm

ORCL

Oracle Corporation (NYSE:ORCL) has experienced an 11.7% increase in short interest since its last report, with 16.68 million shares sold short, representing 1.05% of its float. The average time to cover these short positions is 2.13 days. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price decline. Oracle's short interest is below its peer group average of 5.03%.

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 6:15 pm

AZO

AutoZone (NYSE:AZO) has seen a 12.78% increase in short interest since its last report, with 473 thousand shares sold short, representing 3.0% of its float. It would take about 3.4 days to cover these short positions based on current trading volume. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. AutoZone's short interest is below its peer group average of 12.61%.

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 6:00 pm

PSFE

Paysafe's stock is up following the announcement of Q3 adjusted EPS that exceeded expectations, along with the initiation of a $50 million share repurchase program.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 5:50 pm