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HPE

Hewlett Packard (NYSE:HPE) has received mixed analyst ratings in the last quarter with 1 somewhat bullish, 2 indifferent, and 1 somewhat bearish rating. The average price target among these analysts is $16.75, which is slightly below the current price of $16.81, suggesting a marginal downside. The average price target has seen a minor increase from the previous target of $16.67.

Portfolio Pulse from Benzinga Insights

November 30, 2023 | 6:00 pm

DuPont de Nemours (NYSE:DD) has seen a 14.5% decrease in short interest since its last report, with 7.32 million shares sold short, representing 1.71% of its float. The average time to cover these short positions is 1.91 days. A decrease in short interest can indicate a more bullish sentiment among investors. DuPont has a lower short interest compared to its peer group average of 3.99%.

Portfolio Pulse from Benzinga Insights

November 30, 2023 | 6:00 pm

AMPS

Altus Power (NYSE:AMPS) has received 6 analyst ratings in the last quarter, with 1 bullish and 5 somewhat bullish, and no bearish ratings. The average 12-month price target among these analysts is $9.5, with a high of $12.00 and a low of $7.00, representing a 5.0% decrease from the previous target of $10.00. Analyst ratings are important as they provide guidance on stock performance and are updated typically once per quarter.

Portfolio Pulse from Benzinga Insights

November 30, 2023 | 6:00 pm

VEEV

Veeva Systems Inc. (NYSE:VEEV) has seen a 23.04% decrease in short interest, now at 2.50 million shares or 1.57% of float. It would take about 1.5 days to cover all short positions. A decrease in short interest may indicate a more bullish sentiment among investors. VEEV has less short interest compared to its peer group average of 6.10%.

Portfolio Pulse from Benzinga Insights

November 30, 2023 | 6:00 pm

BLK

Analysts have provided ratings for BlackRock (NYSE:BLK) with 2 bullish and 4 somewhat bullish ratings in the last quarter. The average price target is $792.33, representing an upside from the current price of $746.83. This target has decreased by 1.23% from the previous target of $802.17. Analyst ratings are opinions on stock performance and are updated quarterly.

Portfolio Pulse from Benzinga Insights

November 30, 2023 | 6:00 pm

IQV

IQVIA Hldgs (NYSE:IQV) has experienced a 32.98% increase in short interest since its last report, with 4.05 million shares sold short, representing 2.54% of its float. It would take about 2.06 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Compared to its peers, IQVIA has less short interest, with a peer group average of 5.58%.

Portfolio Pulse from Benzinga Insights

November 30, 2023 | 6:00 pm

USO

OPEC+ has announced voluntary oil output cuts totaling 2.19 million barrels per day (BPD), according to Reuters estimates. This decision could potentially affect global oil supply and prices.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 5:54 pm

SMFL

Smart for Life, Inc. (NASDAQ:SMFL) stock surged nearly 200% on heavy trading volume, with around 20 million shares traded compared to its 100-day average of less than 63 thousand shares. The significant price movement occurred despite no company-specific news. Smart for Life is a nutraceutical product manufacturer focusing on health and wellness. The stock is trading well above its 50-day moving average of $2.09.

Portfolio Pulse from Erica Kollmann

November 30, 2023 | 5:48 pm

PDD

PDD Holdings Inc. (NASDAQ:PDD) stock is experiencing an upward trend following a strong third-quarter earnings report that exceeded analyst expectations by over 25%. The company reported record net income and sales, leading to an 18% stock price increase on Tuesday and a total gain of over 23% in the last five days. PDD reached a new 52-week high of $145.94 on Thursday and is trading on above-average volume. The stock is also trading well above its 50-day moving average of $107.06.

Portfolio Pulse from Erica Kollmann

November 30, 2023 | 5:47 pm

SPY

XLB

XLC

XLE

XLF

XLI

XLK

XLP

XLRE

XLU

XLV

XLY

JPMorgan analysts project an 8% drop in the S&P 500 for 2024, forecasting the SPDR S&P 500 ETF Trust (SPY) to trade at pre-summer highs or October 2023 lows. The bearish outlook is based on high valuations, an aging business cycle, restrictive monetary policy, and geopolitical risks. The bank warns of a potential 30% fall in EPS during the next economic slowdown and advises sectoral shifts, recommending overweight positions in energy, consumer staples, healthcare, and utilities, while suggesting neutral or underweight positions for other sectors.

Portfolio Pulse from Piero Cingari

November 30, 2023 | 5:44 pm