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MCD

McDonald's (NYSE:MCD) has seen a 5.38% increase in short interest since its last report, with 7.06 million shares sold short, representing 0.98% of available shares. The short interest is below the peer group average of 9.44%. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop.

Portfolio Pulse from Benzinga Insights

December 11, 2023 | 2:15 pm

SO

Southern's (NYSE:SO) short interest has increased by 3.85%, with 11.72 million shares sold short, representing 1.08% of available shares. It would take 2.23 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, Southern has less short interest compared to its peer group average of 2.49%. The rise in short interest does not necessarily predict a near-term price drop.

Portfolio Pulse from Benzinga Insights

December 11, 2023 | 2:15 pm

SNOW

TD Cowen analyst J. Derrick Wood has maintained an Outperform rating on Snowflake (NYSE:SNOW) and increased the price target from $215 to $230.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 2:14 pm

SPY

UDN

UUP

The Federal Reserve's final 2023 policy meeting is anticipated to maintain current interest rates, with markets seeking signs of future rate cuts in H1 2024. Analysts expect a dovish tone, signaling a potential rate cut by May. Economic data suggests a moderation in activity and inflation, with a cooling labor market. The dollar index has fallen, while the Invesco US Dollar Index Bullish ETF (UUP) is down and its counterpart, the Dollar Index Bearish Fund (UDN), has gained. The SPDR S&P 500 ETF (SPY) has rallied on hopes of lower rates. However, some analysts believe the Fed may push back against market expectations. November consumer price inflation data will be key to the Fed's decision, with inflation expected to have slowed further.

Portfolio Pulse from Neil Dennis

December 11, 2023 | 2:14 pm

HOLI

Hollysys Automation Technologies Ltd. (HOLI) is set to be acquired by Ascendent Capital Partners for $26.50 per share in an all-cash transaction. This acquisition represents a strategic move by Ascendent to enhance its portfolio in the automation technology sector.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 2:12 pm

SMCI

Susquehanna analyst Mehdi Hosseini downgraded Super Micro Computer (NASDAQ:SMCI) from Neutral to Negative and set a price target of $160.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 2:05 pm

AZN

KTTA

PFE

Pasithea Therapeutics Corp (KTTA) reported positive preclinical results for its cancer treatment PAS-004, showing superior efficacy compared to treatments from Pfizer (PFE) and AstraZeneca (AZN). KTTA's stock soared over 150% in premarket trading. The company aims to begin Phase 1 trials in early 2024 pending FDA IND acceptance.

Portfolio Pulse from Vandana Singh

December 11, 2023 | 2:05 pm

INPX

Inpixon has received shareholder approval for the merger with XTI Aircraft Company, with completion expected around year-end. The merged entity will be named XTI Aerospace, Inc. and plans to trade on the Nasdaq under the symbol 'XTIA', pending listing approval.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 2:04 pm

BB

BlackBerry shares dropped following the announcement of its decision to separate its IoT and Cybersecurity units and to cancel the planned subsidiary IPO of its IoT business.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 2:04 pm

ALGN

Over the past 3 months, 7 Wall Street analysts have provided ratings for Align Technology, Inc. (NASDAQ:ALGN), with 2 being bullish, 3 somewhat bullish, 1 indifferent, and 1 bearish. The average price target is now $285.0, down 27.85% from the previous target of $395.00, suggesting an upside from the current price of $216.77. The ratings indicate a mixed outlook from analysts on ALGN stock.

Portfolio Pulse from Benzinga Insights

December 11, 2023 | 2:00 pm