Streetbeat News

Stock Prices

TAK

Takeda Pharmaceutical's (NYSE:TAK) short interest has decreased by 7.14% since the last report, with 8.23 million shares sold short, representing 0.26% of available shares. The average time to cover these short positions is 5.12 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Takeda has a lower short interest compared to its peer group average of 3.36%.

Portfolio Pulse from Benzinga Insights

December 07, 2023 | 7:00 pm

XYL

Xylem (NYSE:XYL) has experienced a 9.35% increase in short interest since its last report, with 4.64 million shares sold short, representing 2.34% of its float. It would take about 3.12 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. Xylem's short interest is below its peer group average of 3.43%.

Portfolio Pulse from Benzinga Insights

December 07, 2023 | 7:00 pm

ETHUSD

Ethereum (CRYPTO: ETH) has seen a 3.02% increase in price over the last 24 hours, reaching $2,340.66, and a 14.0% gain over the past week. The coin's all-time high is $4,878.26. Trading volume has increased by 116.0%, while the circulating supply has decreased by 0.35%, resulting in a market cap of $282.80 billion, ranking ETH as the second-largest cryptocurrency.

Portfolio Pulse from Benzinga Insights

December 07, 2023 | 7:00 pm

Scotiabank analyst Patrick Colville has maintained a 'Sector Perform' rating on SentinelOne (NYSE:S) and increased the price target from $16.5 to $20.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 6:53 pm

Citigroup Inc (NYSE:C) CFO Mark Mason announced at the Goldman Sachs conference that the bank's major reorganization will cost approximately $1 billion in restructuring and severance charges, aiming to complete by the end of Q1 next year. The plan includes management downsizing and potential layoffs. Citigroup aims to reduce annual expenses to $51-$53 billion to meet profit targets, excluding a special FDIC assessment of $1.65 billion. The bank forecasts 2023 expenses at $54 billion and revenue at the lower end of previous guidance, around $78 billion. Post-restructuring, Citigroup targets an 11%-12% return on average tangible common shareholders equity in the medium term. Citigroup shares rose 1.67% to $48.66.

Portfolio Pulse from Lekha Gupta

December 07, 2023 | 6:42 pm

QGEN

Goldman Sachs has upgraded Qiagen NV (NYSE:QGEN) from Neutral to Buy, citing its steady income from selling sample preparation tools and diagnostics, defensive growth potential, and favorable valuation compared to the sector. Qiagen's business is considered resilient, even in times of reduced spending on big equipment, and is trading at a significant discount to the sector despite high single-digit to low double-digit core organic growth over the past year. The company's end market exposure and defensive nature are seen as advantages in the current uncertain environment, particularly in Pharma R&D and Capex spending. QGEN shares saw a 0.95% increase to $41.84.

Portfolio Pulse from Vandana Singh

December 07, 2023 | 6:39 pm

ALB

APA

BKR

CZR

FSLR

HAL

LVS

MRNA

MRO

NVDA

SLB

SPY

WYNN

Wall Street analysts have identified 27 S&P 500 stocks with over 30% upside potential. Moderna Inc. (MRNA) tops the list with a 58% potential upside. First Solar Inc. (FSLR), Albemarle Corporation (ALB), and several hotel and casino stocks like Wynn Resort Ltd. (WYNN), Las Vegas Sands Corp. (LVS), and Caesars Entertainment Inc. (CZR) are also highlighted. Notably, NVIDIA Corp. (NVDA) has already seen a 215% YTD increase but still has a 38.45% upside according to analysts. Energy sector stocks like APA Corp (APA), Halliburton Company (HAL), Schlumberger NV (SLB), Marathon Oil Corp. (MRO), and Baker Hughes Company (BKR) are also featured for their upside potential.

Portfolio Pulse from Piero Cingari

December 07, 2023 | 6:31 pm

OKE

Over the past 20 years, ONEOK (NYSE:OKE) has delivered an average annual return of 9.86%, outperforming the market. A $1000 investment in OKE 20 years ago would be worth $6,466.73 today. ONEOK currently has a market cap of $39.34 billion.

Portfolio Pulse from Benzinga Insights

December 07, 2023 | 6:30 pm

NSC

Over the past 20 years, Norfolk Southern (NYSE:NSC) has produced an average annual return of 14.3%, outperforming the market by 6.82% on an annualized basis. A $1000 investment in NSC 20 years ago would be worth $14,502.56 today. Norfolk Southern currently has a market capitalization of $51.58 billion.

Portfolio Pulse from Benzinga Insights

December 07, 2023 | 6:30 pm

DLTR

FIVE

OLLI

Dollar General Corp. (DG) and Ollie's Bargain Outlet Holdings Inc (OLLI) shares fell despite positive analyst sentiment following their earnings reports. Dollar General maintained its full-year outlook with increased sales and positive traffic, while Ollie's also beat forecasts. Analysts from Telsey Group and Goldman Sachs reacted favorably to DG's results, with Goldman Sachs maintaining a buy rating and a $138 price target. UBS raised its price target for OLLI from $92 to $95, maintaining a neutral rating. Shares of Dollar Tree Inc (DLTR) and Five Below (FIVE) also declined. The sell-off may be due to profit-taking, as these stocks had seen significant gains in recent months.

Portfolio Pulse from Neil Dennis

December 07, 2023 | 6:30 pm