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SPXL

SPXS

SPY

The SPDR S&P 500 ETF (SPY) saw a slight increase despite higher-than-expected U.S. non-farm payrolls data, which could affect Federal Reserve rate cut decisions. The SPY is maintaining its uptrend and is above the eight-day EMA. Traders can use Direxion Daily S&P 500 Bull 3X Shares (SPXL) and Direxion Daily S&P 500 Bear 3X Shares (SPXS) to play the market bullishly or bearishly. SPXL is showing a bull flag pattern with a potential move towards $126, while maintaining its uptrend. Leveraged ETFs like SPXL and SPXS are intended for short-term trading, not long-term investments.

Portfolio Pulse from Melanie Schaffer

December 08, 2023 | 7:04 pm

BLUE

Trading in shares of Bluebird Bio, Inc. (BLUE) has resumed. The news does not provide additional context regarding the reason for the trading halt or any events that might have led to the resumption of trading.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 7:02 pm

AUVI

FCX

HCP

LULU

MBI

PARA

RH

SCCO

WBD

US stocks rose on Friday due to positive economic data, with the economy adding more jobs than expected and consumer sentiment improving. The dollar rebounded and Treasury yields surged, affecting various sectors and ETFs. Paramount Global and Warner Bros Discovery saw stock increases due to takeover speculation, while Lululemon hit record highs after strong quarterly results. HashiCorp and RH stocks fell due to insider selling and poor earnings, respectively. Freeport-McMoRan and Southern Copper rose on China stimulus speculation, and Applied UV announced a reverse stock split. MBIA's stock soared after declaring a substantial cash dividend.

Portfolio Pulse from Piero Cingari

December 08, 2023 | 7:01 pm

QRVO

Qorvo (NASDAQ:QRVO) has received mixed analyst ratings in the last quarter with 2 somewhat bullish, 5 indifferent, 1 somewhat bearish, and 1 bearish. The average price target is $102.11, slightly above the current price of $101.9, but down 10.26% from the previous target of $113.78. Analysts rate stocks based on future earnings potential and company risk, typically updating their ratings quarterly or after significant company events.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 7:01 pm

LNG

Over the past 10 years, Cheniere Energy (AMEX:LNG) has produced an average annual return of 15.25%, outperforming the market by 5.32% on an annualized basis. A $100 investment in LNG a decade ago would be worth $411.47 today. Cheniere Energy currently has a market capitalization of $41.96 billion.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 7:01 pm

AMT

American Tower (NYSE:AMT) has delivered an average annual return of 16.03% over the past 20 years, outperforming the market by 8.53% annually. A $100 investment in AMT 20 years ago would be worth $1,942.48 today. The company's current market capitalization stands at $95.17 billion. The key takeaway is the significant impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 7:01 pm

ENPH

Over the past 3 months, 25 Wall Street analysts have provided ratings for Enphase Energy (NASDAQ:ENPH), with an average price target of $137.04, which is a decrease of 21.32% from the previous target of $174.17. The current price of ENPH is $102.4649, suggesting an implied upside. The ratings are as follows: 7 bullish, 6 somewhat bullish, 11 indifferent, 1 somewhat bearish, and 0 bearish.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 7:00 pm

B

Barnes Gr (NYSE:B) has seen a 52.1% increase in short interest since its last report, with 645 thousand shares sold short, representing 1.81% of its float. The short interest is below the peer group average of 5.10%. While high short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 7:00 pm

FCEL

FuelCell Energy (NYSE:FCEL) has seen a 5.52% increase in short interest since the last report, with 17.58% of its float sold short, amounting to 79.09 million shares. The average time to cover these short positions is 6.77 days. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. FuelCell Energy has a higher short interest compared to its peer group average of 11.33%.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 7:00 pm

AIG

American Intl Gr (NYSE:AIG) has seen a 5.26% increase in short interest since its last report, with 6.27 million shares sold short, representing 1.0% of available shares. The short interest ratio is 1.58 days to cover. While an increase in short interest can indicate bearish sentiment, AIG has less short interest compared to its peer group average of 1.70%. The rise in short interest does not necessarily predict a near-term price drop.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 7:00 pm