Streetbeat News

Equity Actions

ELV

Elevance Health (NYSE:ELV) has seen a 15.56% decrease in short interest, now at 1.76 million shares or 0.76% of float, indicating a potential shift in market sentiment towards more bullish views. The current short interest is significantly lower than the peer group average of 4.27%, suggesting Elevance Health is performing well compared to its peers. This change in short interest could influence the stock's short-term movement.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 5:00 pm

SFM

In the past three months, Sprouts Farmers Market (NASDAQ:SFM) received mixed analyst ratings, with a recent shift towards a more neutral stance. The average 12-month price target for SFM has increased to $56.8, reflecting a 12.7% rise from the previous target. Analysts from Evercore ISI Group and Goldman Sachs have raised their price targets, indicating a positive outlook on SFM's performance. Despite its smaller market capitalization, SFM has shown impressive revenue growth, a high net margin, and strong financial metrics such as ROE and ROA, outperforming industry averages.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 5:00 pm

NYCB

On CNBC, Jim Lebenthal announced that he has sold his holdings in New York Community Bancorp (NYCB).

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 4:52 pm

NARI

Inari Medical's stock is trading higher following the announcement that it will be included in the S&P SmallCap 600 index. This inclusion is often viewed positively as it reflects the company's growth and stability, and can lead to increased demand for the stock from funds that track the index.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 4:50 pm

BMY

On CNBC, Stephanie Link announced that she has sold her position in Bristol-Myers Squibb (BMY).

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 4:35 pm

FCX

On CNBC, Stephanie Link announced her purchase of Freeport-McMoRan (FCX) shares, indicating a positive outlook on the company.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 4:31 pm

MMM

Stephanie Link announced live on CNBC that she has purchased shares of 3M Company.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 4:30 pm

CMDY

GLD

Bank of America's commodities strategist, Francisco Blanch, predicts a bright future for commodities, citing reasons like thin inventories, ample spare capacity, sticky inflation, and a shift towards clean energy. The iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY) is experiencing its strongest month since July 2023 after hitting a 2-year low in February 2024. Additionally, geopolitical tensions and a strategic shift towards gold reserves by emerging market economies are driving a resurgence in gold, with the SPDR Gold Trust (GLD) ETF seeing a rally despite conservative investor positioning.

Portfolio Pulse from Piero Cingari

March 26, 2024 | 4:29 pm

SNOW

On CNBC, Stephanie Link announced she has increased her investment in Snowflake, indicating a positive outlook on the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 4:11 pm

BTCUSD

A significant Bitcoin transaction by the fifth-largest holder, nicknamed '37X', moved $6.05 billion worth of BTC to three new addresses, marking its first major activity since 2019. This event, analyzed by Arkham Intelligence, coincides with a surge in institutional interest in Bitcoin, especially ahead of the anticipated halving event. The transaction occurred as Bitcoin's price surpassed $70,000, with the supply on Coinbase reaching a nine-year low. The launch of 10 spot Bitcoin ETFs in the U.S., amassing $58.3 billion in on-chain holdings, underscores the growing institutional engagement in cryptocurrency.

Portfolio Pulse from Murtuza Merchant

March 26, 2024 | 4:08 pm