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LHX

L3Harris Technologies (NYSE:LHX) has seen a 10.98% decrease in short interest, with 1.37 million shares sold short, representing 0.73% of available shares. The average time to cover these short positions is 1.6 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. L3Harris has a lower short interest compared to its peer group average of 2.91%.

Portfolio Pulse from Benzinga Insights

December 13, 2023 | 8:15 pm

ALLY

COF

GS

MS

Financial stocks are trading higher after the Federal Reserve left interest rates unchanged, with expectations of rate cuts in the years 2024-2026. This has led to overall market strength and optimism among investors in the financial sector.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 8:13 pm

ABCB

BAC

C

PNC

USB

Bank stocks are experiencing an uptick following the Federal Reserve's decision to maintain current interest rates, with projections indicating potential rate cuts between 2024 and 2026. This news has contributed to overall market optimism, positively impacting the financial sector.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 8:12 pm

SPY

Fed Chair Powell indicates uncertainty about whether the Federal Reserve will adopt a threshold-based approach for rate cuts. He acknowledges progress in core inflation and non-housing services inflation, suggesting a cautious approach to monetary policy adjustments.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 8:05 pm

HCAT

Health Catalyst (NASDAQ:HCAT) has received 4 analyst ratings in the last quarter, with 2 somewhat bullish and 2 indifferent, and no bullish or bearish ratings. The average 12-month price target among these analysts is $10.5, with a high of $12.00 and a low of $8.00. This target is a 22.22% decrease from the previous target of $13.50. Analyst ratings are updated quarterly and are based on financial analysis and company performance.

Portfolio Pulse from Benzinga Insights

December 13, 2023 | 8:00 pm

MHK

Mohawk Industries (NYSE:MHK) received mixed analyst ratings in the last quarter with 1 bullish, 1 indifferent, and 2 somewhat bearish ratings. The average price target is $92.5, representing a slight upside from the current price of $91.08. This target is a 9.91% decrease from the previous target of $102.67. Analyst ratings are opinions on stock performance based on research and are updated quarterly.

Portfolio Pulse from Benzinga Insights

December 13, 2023 | 8:00 pm

SPY

Fed Chair Powell acknowledged that price levels remain high and this is negatively impacting consumer sentiment. He noted that an improvement in real wages could potentially boost consumer sentiment.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 7:59 pm

SPY

Fed Chair Jerome Powell emphasized the importance of market conditions aligning with monetary policy in the long run, acknowledging the ongoing fluctuations in market forecasts. He expressed approval of the progress being made on inflation control.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 7:54 pm

CVLY

Codorus Valley Bancorp (CVLY) shares are up following the announcement of a definitive merger agreement with Orrstown Financial Services.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 7:54 pm

WMT

TD Cowen has selected Walmart, Inc. (NYSE:WMT) as its 'Best Stock' pick for 2024, maintaining an Outperform rating and a price target of $188. Senior retail analyst Oliver Chen highlighted Walmart's leadership in retail technology, strategic investments in AI, e-commerce, and digital advertising. Chen emphasized the importance of AI and robotics for future profitability and sees Walmart as a defensive investment, especially in uncertain economic conditions due to its focus on value and grocery sales. Walmart shares have risen nearly 8% in 2023.

Portfolio Pulse from Erica Kollmann

December 13, 2023 | 7:53 pm