Streetbeat News

Stock Prices

RELX

RELX (NYSE:RELX) has seen a 14.29% decrease in short interest, with 1.20 million shares sold short, representing 0.06% of available shares. The average time to cover these short positions is 1.26 days. Short interest is a market sentiment indicator, with decreases suggesting a more bullish outlook. RELX's short interest is below its peer group average of 3.02%. The article suggests that changes in short interest do not directly predict stock movement but are important for traders to consider.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 3:30 pm

DEO

Diageo's (NYSE:DEO) short interest has decreased by 31.25% since the last report, with 618 thousand shares sold short, representing 0.11% of available shares. The current short interest is below the peer group average of 4.62%. Short interest is a market sentiment indicator, and the decline suggests investors may be becoming more bullish on DEO.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 3:30 pm

MTD

Mettler-Toledo Intl (NYSE:MTD) has delivered an average annual return of 20.91% over the past 15 years, outperforming the market by 8.74% annually. A $100 investment in MTD 15 years ago would be worth $1,689.91 today. The company's market capitalization stands at $25.29 billion.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 3:30 pm

VEEV

Veeva Systems Inc. (NYSE:VEEV) has seen a 6.8% increase in short interest since the last report, with 2.51 million shares sold short, representing 1.57% of available shares. It would take about 1.32 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, Veeva has less short interest compared to its peers' average of 5.63%. This rise in short interest doesn't necessarily predict a near-term price drop.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 3:30 pm

CP

Canadian Pacific Kansas (NYSE:CP) has delivered an average annual return of 14.27% over the past 20 years, outperforming the market by 6.91% annually. A $1000 investment in CP 20 years ago would be worth $14,391.27 today. The company's current market capitalization stands at $73.53 billion.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 3:30 pm

BLK

BTCUSD

BlackRock Inc (BLK) and VanEck have updated their SEC filings for spot Bitcoin ETFs, addressing SEC feedback to reduce shareholder risks and prevent conflicts of interest. VanEck's CEO expects their Bitcoin ETF to start trading on January 11. Ark21Shares Bitcoin ETF and Grayscale Bitcoin Trust also updated their filings. Analysts and investors comment on Bitcoin's price movements and potential impact of the ETFs, with Bitcoin currently holding above $46,000.

Portfolio Pulse from Khyathi Dalal

January 09, 2024 | 3:29 pm

AMZN

Amazon.com's stock is trading higher following BMO's initiation of coverage with an Outperform rating and a price target of $200.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 3:28 pm

CAH

Cardinal Health Inc (NYSE:CAH) shares dropped approximately 4% following an update on its FY24 outlook and ongoing portfolio review. The company expects FY24 adjusted EPS to be at the high end of the $6.75-$7.00 range, aligning with consensus estimates of $6.95. This expectation is due to favorable FY24 interest and shares outstanding from strong cash flow, allowing for an additional $250 million share repurchase in Q2. Cardinal Health reiterated its long-term adjusted EPS growth target of 12%-14% and confirmed a Medical Improvement Plan aiming for at least $650 million in segment profit by FY26. The company has completed a review of growth businesses within the Medical Segment and continues to review its Global Medical Products and Distribution business. Starting January 1, 2024, CAH will have a new enterprise operating and segment reporting structure, which will be included in financial reporting from Q3 FY24. Further updates will be provided on February 1, 2024.

Portfolio Pulse from Lekha Gupta

January 09, 2024 | 3:26 pm

CRWD

CrowdStrike's stock (CRWD) has seen an uptick after Morgan Stanley upgraded the stock from Equal-Weight to Overweight and increased the price target from $203 to $304.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 3:23 pm

RVTY

Revvity shares are trading higher following the announcement of their preliminary Q4 revenue guidance, indicating a positive outlook for the company's financial performance.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 3:22 pm