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EL

Estee Lauder Cos (NYSE:EL) has seen a 19.37% decrease in short interest since its last report, with 4.15 million shares sold short, representing 1.79% of its float. The average time to cover these short positions is 1.78 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Compared to its peers, Estee Lauder has a lower short interest as a percentage of float, with the peer group average at 6.87%.

Portfolio Pulse from Benzinga Insights

December 14, 2023 | 2:45 pm

BGH

Barings Global Short (NYSE:BGH) announced a monthly dividend of 10.56 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning the stock by the end of Monday's session will be eligible for the dividend, which will be paid on January 02, 2024. The stock is expected to open 10.56 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

December 14, 2023 | 2:45 pm

WU

Western Union (NYSE:WU) announced a quarterly dividend of 23.5 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning WU stock by the end of Monday are eligible for the dividend, which will be paid on December 29, 2023. The stock is expected to open 23.5 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

December 14, 2023 | 2:45 pm

NFLX

Netflix Inc. (NASDAQ:NFLX) has experienced significant volatility in 2023, with a 51% year-to-date surge and a 6% recent decline. The stock struggled to break the $500 mark, facing a 28% drop after approaching $485 in July. A rebound occurred in October, but another setback in November prevented it from surpassing the July high. Support is currently at $453, with potential to either consolidate and rise or fall towards the 200 SMA at $393. The stock closed at $463.00, up 0.67% after the last trading session.

Portfolio Pulse from Zaheer Anwari

December 14, 2023 | 2:43 pm

RIVN

T

Rivian's stock price has increased following the announcement of a pilot program agreement with AT&T for the purchase of Rivian electric vehicles.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 2:42 pm

CHK

CPE

FANG

GLP

SND

Benzinga Insights has identified five value stocks in the energy sector based on low P/E ratios, indicating potential undervaluation. Callon Petroleum (CPE), Smart Sand (SND), Chesapeake Energy (CHK), Diamondback Energy (FANG), and Global Partners (GLP) are highlighted for their notable P/E multiples. The article provides recent earnings per share (EPS) data and dividend yield changes for these companies, suggesting varied performance within the sector.

Portfolio Pulse from Benzinga Insights

December 14, 2023 | 2:39 pm

GOOG

GOOGL

MSFT

Alphabet Inc (GOOG, GOOGL) saw its market value increase by $87 billion after showcasing its Gemini AI, comparable to OpenAI's ChatGPT. This event underscores the importance of AI in investor confidence and Alphabet's need to leverage AI for sales growth. Despite lagging behind Microsoft Corp (MSFT) in AI integration, Alphabet's Gemini Pro for businesses has reassured investors of its AI capabilities. Alphabet trades at a lower earnings multiple than Microsoft, suggesting growth potential, but Microsoft is seen as having an edge in communication and product execution. GOOG shares dipped slightly by 0.11% recently.

Portfolio Pulse from Anusuya Lahiri

December 14, 2023 | 2:38 pm

APLS

Apellis Pharmaceuticals Inc (NASDAQ:APLS) is trading lower after being informed of a negative trend vote by the CHMP of the EMA on its marketing application for pegcetacoplan for geographic atrophy. The CHMP is expected to adopt a negative opinion at its January 2024 meeting. Apellis plans to appeal if a negative opinion is adopted. The application was based on Phase 3 studies published in The Lancet, showing reduced lesion growth and a good safety profile. Apellis disclosed safety events related to Syfovre in July. APLS shares are down 17.3% at $52.

Portfolio Pulse from Vandana Singh

December 14, 2023 | 2:35 pm

KTB

Stifel analyst Jim Duffy has reaffirmed a Buy rating on Kontoor Brands (NYSE:KTB) and increased the price target from $60 to $70.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 2:33 pm

RMD

Over the past 20 years, ResMed (NYSE:RMD) has delivered an average annual return of 15.05%, outperforming the market. A $1000 investment in RMD 20 years ago would be worth $16,731.52 today. ResMed currently has a market cap of $25.31 billion.

Portfolio Pulse from Benzinga Insights

December 14, 2023 | 2:31 pm