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SBUX

Starbucks (NYSE:SBUX) has seen a 25.74% increase in short interest since its last report, with 14.12 million shares sold short, representing 1.27% of available shares. It would take 1.95 days to cover these short positions based on current trading volume. While an increase in short interest can indicate bearish sentiment, it doesn't necessarily predict a near-term price drop. Starbucks has less short interest compared to its peer group average of 9.24%.

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 5:30 pm

WMT

Walmart (NYSE:WMT) has seen a 24.49% decrease in short interest, with 10.45 million shares sold short, representing 0.74% of available shares. The short interest decline suggests a more bullish sentiment among investors. Compared to its peers, Walmart has a lower short interest percentage of float, with the peer group average at 4.30%. Short interest is a key indicator of market sentiment and can influence stock price movements.

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 5:30 pm

SPY

USO

The U.S. Energy Information Administration (EIA) has revised its forecast for U.S. crude oil production in 2024, now expecting an increase of 180,000 barrels per day, reaching 13.11 million barrels per day. This is a downward revision from the previously forecasted rise of 250,000 barrels per day.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 5:29 pm

BRP

BRP Group's stock is trading higher following an upgrade by Raymond James from Outperform to Strong Buy, with a new price target set at $30.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 5:29 pm

SPY

USO

The U.S. Energy Information Administration (EIA) has revised its forecast for U.S. crude oil production in 2023, now expecting an increase of 1.02 million barrels per day, reaching 12.93 million barrels per day. This is a slight uptick from the previously forecasted rise of 990,000 barrels per day.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 5:28 pm

AVAXUSD

JOE

Trader Joe, a decentralized exchange on the Avalanche blockchain, reached its second-highest fee capture of $1.23 million and revenue of $145,000 on Dec. 11. The surge in performance coincided with a 7% increase in AVAX price and a 30% rise in JOE token value over the past week. This growth reflects Trader Joe's expanding influence in the DeFi sector and the platform's popularity within the Avalanche ecosystem.

Portfolio Pulse from Murtuza Merchant

December 12, 2023 | 5:26 pm

PERI

Perion Network Ltd (NASDAQ:PERI) has completed the acquisition of Hivestack Inc for $100 million in cash and up to $25 million in performance-based payments. Hivestack is a leader in programmatic digital out-of-home (DOOH) advertising technology. The acquisition enables Perion Network to tap into the DOOH market, which is known for delivering real-time, immersive ads in public spaces. Perion Network's financials are strong, with $523.6 million in cash as of September 30 and a 17% year-on-year revenue growth in Q3 FY23, beating consensus estimates. PERI stock has risen by approximately 9% year-to-date and was up 2.31% to $27.94 in the last check on Tuesday.

Portfolio Pulse from Anusuya Lahiri

December 12, 2023 | 5:20 pm

HUBS

HubSpot's stock (HUBS) is trading higher following an upgrade from Piper Sandler, which changed its rating from Neutral to Overweight and increased the price target from $515 to $610.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 5:17 pm

ORCL

Oracle Corp (NYSE:ORCL) shares dropped after reporting Q2 sales that fell short of expectations. Analysts from Piper Sandler, Wolfe Research, BofA Securities, and William Blair provided mixed reactions, adjusting price targets and maintaining various ratings. Concerns were raised about Oracle's IaaS growth deceleration and the impact of Cerner on revenue. Despite this, Oracle's operating margin improved, and management remains optimistic about cloud growth and IaaS potential.

Portfolio Pulse from Priya Nigam

December 12, 2023 | 5:15 pm

CAVA

CAVA Group, Inc. (NYSE:CAVA) stock is experiencing a significant increase, trading higher with a 17% gain over the past month. The stock is witnessing heavy trading volume, with over 11 million shares traded, far exceeding the 100-day average volume of 1.514 million shares. Despite the expiration of the IPO lockup period, there is no apparent selling pressure. Jim Cramer of CNBC recently expressed optimism about CAVA, and analysts have generally favorable ratings for the stock, with four Overweight, three Buy, and three Hold ratings. CAVA's stock is currently trading above its 50-day moving average but below its 52-week high.

Portfolio Pulse from Erica Kollmann

December 12, 2023 | 5:15 pm