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SNA

Snap-on (NYSE:SNA) has seen a 6.79% increase in its short percent of float, now at 4.56% of all shares available for trading. This indicates a bearish sentiment among investors, as short selling suggests expectations of a stock price decline. However, an increase in short interest can sometimes be bullish, as covering short positions can drive the stock price up. Snap-on's short interest is higher than its peer group average of 3.25%.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 6:30 pm

CLF

Cleveland-Cliffs (NYSE:CLF) has seen an 8.0% increase in its short percent of float since the last report, with 31.79 million shares sold short, representing 7.29% of its available trading shares. This indicates a bearish market sentiment, although it doesn't necessarily predict a near-term price drop. Cleveland-Cliffs has a higher short interest compared to its peers, with an average of 5.70% in its peer group.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 6:30 pm

EXPE

Expedia Group's (NYSE:EXPE) short interest has increased by 5.56% since the last report, with 6.01 million shares sold short, representing 5.32% of its float. This indicates a bearish market sentiment towards EXPE, although it has less short interest compared to its peers' average of 5.96%. The article suggests that an increase in short interest does not necessarily predict a near-term price fall.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 6:30 pm

BTCUSD

Bitcoin's recent price dip and options data indicate a potential rebound, influenced by declining market volatility expectations and upcoming U.S. unemployment data. The market's anticipation of a Federal Reserve rate cut in May has decreased, which could positively impact Bitcoin's price. Additionally, the activity of whales, or major cryptocurrency holders, particularly their accumulation of call options, suggests a bullish outlook. However, the dynamic market and evolving economic conditions make predictions challenging.

Portfolio Pulse from Murtuza Merchant

April 04, 2024 | 6:19 pm

V

A significant activity in Visa's (NYSE:V) options market has been observed, with a mix of bullish and bearish sentiments among big-money traders. The options scanner revealed 14 unusual trades, evenly split between bullish and bearish outlooks, with a notable volume in calls over puts. The trades suggest a price target range for Visa between $200 and $430. Visa, the world's largest payment processor, is currently trading at $278.85, up 0.68%, with an RSI indicating a neutral position. Market experts have issued mixed ratings for Visa, with a consensus target price of $310.4.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 6:16 pm

CAR

SQLV

XTN

Goldman Sachs analyst Lizzie Dove upgraded Avis Budget Group, Inc (NASDAQ:CAR) to Neutral from Sell, raising the target price to $130 from $118, citing a lean cost base, lower EV exposure, and a younger fleet mix as advantages. Despite a potential downside to 2025 estimates, the company's pricing strength and a benign competitive environment could provide tailwinds. Avis faces $4.1 billion in vehicle debt maturing this year and $6.7 billion in 2025, with expected interest expense pressure. Avis Budget Group stock is also accessible through SPDR S&P Transportation ETF (NYSE:XTN) and Royce Quant Small-Cap Quality Value ETF (NASDAQ:SQLV).

Portfolio Pulse from Nabaparna Bhattacharya

April 04, 2024 | 6:16 pm

MGNX

MacroGenics Inc (NASDAQ:MGNX) updated on its Phase 2 TAMARACK study for metastatic castration-resistant prostate cancer, highlighting improved safety from its candidate vobramitamab duocarmazine (vobra duo). Despite the abstract not being accepted for ASCO presentation, the company plans to share further data by May end. JMP Securities maintains a Market Outperform rating with a $22 price target, noting the enhanced safety profile and reduced treatment interruptions.

Portfolio Pulse from Vandana Singh

April 04, 2024 | 6:16 pm

SPY

Fed's Mester anticipates a potential reduction in the Fed Funds Rate later this year, despite raising her long-term neutral estimate to 3% from 2.5% in the last month's Summary of Economic Projections (SEPs).

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 6:14 pm

SPY

Fed's Kashkari expressed that there is no reason why the Federal Reserve cannot continue with its balance sheet plan even when it decides to cut the federal funds rate. This statement suggests a commitment to maintaining the current monetary policy strategy, which could influence market expectations and investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 6:12 pm

DIS

Disney (NYSE:DIS) stock has surged over 50% in the past six months, with a 32.50% increase in 2024, driven by CEO Bob Iger's turnaround plans. Key factors include strong Q1 financial performance, Disney+'s success, strategic initiatives like cost-saving measures, and a $3 billion buyback program. The stock hit a 52-week high of $123.74 and shows bullish momentum in technical analysis, trading above its 20 and 50-day SMAs.

Portfolio Pulse from Surbhi Jain

April 04, 2024 | 6:12 pm