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LHX

L3Harris Technologies (NYSE:LHX) has seen a decrease in short interest, with 1.63 million shares sold short, representing 0.96% of its float. This is a 9.43% decline from its last report, indicating a potential shift in market sentiment towards the stock. The average time to cover these short positions is 1.47 days. Compared to its peers, LHX has a lower short interest as a percentage of float, with the peer group average at 3.46%.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 3:15 pm

BA

ITA

PPA

Boeing Company (NYSE:BA) is experiencing a significant slowdown in the production of its 737 MAX jetliners due to increased factory inspections by U.S. regulators and a slowdown on the assembly line. This has led to a production rate well below the FAA's imposed limit of 38 jets per month, with rates dropping to single digits in late March. The slowdown is expected to impact the airline industry, causing carriers to adjust flight schedules or extend jet leases. Boeing's stock has lost over 12% in the past year, but shares were trading higher by 1.11% to $186.97 recently. Investors can also gain exposure to Boeing through the IShares U.S. Aerospace & Defense ETF (BATS:ITA) and Invesco Aerospace & Defense ETF (NYSE:PPA).

Portfolio Pulse from Nabaparna Bhattacharya

April 04, 2024 | 3:04 pm

BURU

NUBURU's stock price increased following the announcement of a $3 million investment in its common stock by investors, alongside initial purchase orders from new customers.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 3:03 pm

FETUSD

Fetch.ai's cryptocurrency (FET) has seen a 6.22% increase in price over the last 24 hours, reaching $2.87, despite a 15% decrease over the past week from $3.36. The coin's all-time high is $3.45. Trading volume has decreased by 61% over the past week, and the circulating supply has slightly decreased by 0.7% to 1.04 billion, which is 90.5% of its max supply. Fetch.ai's market cap ranking is currently #47 at $2.99 billion.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 3:02 pm

MKRUSD

Maker's cryptocurrency (MKR) has seen a 6.2% increase in price over the last 24 hours, reaching $3,971.59, and a 10% gain over the past week from $3,545.57. Despite a 9% decrease in trading volume, the circulating supply has risen by 0.32%. MKR's market cap ranks it 39th at $3.66 billion.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 3:02 pm

PVH

Over the past 20 years, PVH Corp (NYSE:PVH) has delivered an average annual return of 9.11%, outperforming the market. A $1000 investment in PVH 20 years ago would be worth $5,530.43 today, showcasing the impact of compounded returns over time. PVH's current market capitalization stands at $6.24 billion.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 3:01 pm

HES

Over the past 5 years, Hess Corporation (NYSE:HES) has outperformed the market with an annualized return of 20.33%, turning a $1000 investment into $2,500.63. Currently, Hess has a market cap of $48.45 billion.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 3:01 pm

KKR

Recent analyst ratings for KKR (NYSE:KKR) show a predominantly positive outlook, with 4 somewhat bullish and 1 indifferent rating in the last three months. The average 12-month price target for KKR has been raised to $98.00, up from $86.00, indicating a 13.95% increase. KKR's financials reveal a strong market position with significant revenue growth and exceptional ROE, despite challenges in net margin, ROA, and debt management. The company manages $552.8 billion in assets, with a focus on both private and public markets.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 3:00 pm

ON

ON Semiconductor (NASDAQ:ON) is analyzed against its peers in the Semiconductors & Semiconductor Equipment industry, showing potential undervaluation based on its P/E, P/B, and P/S ratios. Despite a higher ROE indicating profitability, concerns arise from its lower EBITDA, gross profit, and negative revenue growth compared to the industry average. The company's lower debt-to-equity ratio suggests a strong financial position.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 3:00 pm

GPS

Gap Inc. (NYSE:GPS) has seen a 15.9% increase in its short percent of float since the last report, reaching 17.86% of all shares available for trading. With 34.50 million shares sold short, it would take approximately 2.53 days for traders to cover their short positions. This rise in short interest indicates a more bearish market sentiment towards Gap, although it doesn't necessarily predict a near-term price drop. Compared to its peers, Gap has a higher short interest percentage, suggesting more bearish sentiment than average within its peer group.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 3:00 pm