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ALC

Alcon's stock (ALC) trades lower following a downgrade by Morgan Stanley from Equal-Weight to Underweight, with a new price target set at $65.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 6:41 pm

BAYRY

BAYZF

Bayer AG faces increasing legal pressure as the trial in Philadelphia concerning its Roundup weedkiller nears its conclusion. The company has experienced a series of legal defeats with plaintiffs claiming Roundup caused cancer. Despite these challenges, Bayer maintains that Roundup is safe and intends to continue defending its product in court. The litigation issues began after Bayer acquired Monsanto in 2018, and although many cases were settled in 2020, around 50,000 lawsuits remain. Bayer plans to appeal recent verdicts, attributing the losses to the courts allowing misleading evidence about glyphosate, Roundup's active ingredient.

Portfolio Pulse from Vandana Singh

December 04, 2023 | 6:39 pm

AMC

AMC Entertainment Holdings, Inc. (NYSE:AMC) stock is trading higher after the successful opening of 'Renaissance: A Film by Beyoncé', which brought in $22 million since Friday. Despite this, AMC's stock is still down over 33% for the past month and is trading below its 50-day moving average and 52-week high. The stock has also attracted significant short interest, with 11.53% of available shares sold short.

Portfolio Pulse from Erica Kollmann

December 04, 2023 | 6:31 pm

ON

ON Semiconductor's (NYSE:ON) short interest has decreased by 4.58% since the last report, with 23.74 million shares sold short, representing 8.33% of available shares. The short interest is higher than the peer group average of 3.41%. While a decline in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term price rise.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 6:30 pm

PXD

Over the past 20 years, Pioneer Natural Resources (NYSE:PXD) has produced an average annual return of 10.8%, outperforming the market. A $1000 investment in PXD 20 years ago would be worth $7,951.68 today. The company's market capitalization currently stands at $53.94 billion.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 6:30 pm

ACN

Accenture (NYSE:ACN) has delivered an average annual return of 16.34% over the past 5 years, outperforming the market by 4.74% on an annualized basis. A $1000 investment in ACN 5 years ago would be worth $2,107.06 today. The company's market capitalization stands at $210.60 billion.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 6:30 pm

HES

Hess Corporation (NYSE:HES) has experienced a 36.17% increase in short interest since its last report, with 3.87 million shares sold short, representing 1.92% of its float. The average time to cover these short positions is 1.02 days. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Hess's short interest is below its peer group average of 6.21%.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 6:30 pm

APH

Amphenol (NYSE:APH) has seen a 21.3% increase in short interest since its last report, with 6.84 million shares sold short, representing 1.31% of its float. It would take about 2.89 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, Amphenol has less short interest compared to its peers' average of 3.69%. The rise in short interest doesn't necessarily predict a stock price drop, but it suggests traders are more bearish on APH.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 6:30 pm

BLMIF

EIS

A study by NYU and Columbia University researchers found unusual trading activity in Israeli stocks and ETFs, such as iShares MSCI Israel ETF (EIS) and Bank Leumi (BLMIF), before the Oct. 7 Hamas attacks. There was a surge in short selling and a sharp increase in put options, suggesting possible foreknowledge of the attacks. The study raises ethical and legal concerns and calls for regulatory review.

Portfolio Pulse from Piero Cingari

December 04, 2023 | 6:29 pm

CPT

MAA

Wedbush analyst Richard Anderson has revised the price targets for Mid-America Apartment Communities Inc (MAA) and Camden Property Trust (CPT), citing competitive pressures and pricing challenges in the multifamily REIT sector. The price target for CPT was reduced to $98 from $105, maintaining an Outperform rating, while MAA's target was lowered to $128 from $137 with a Neutral rating. Anderson notes that concessions by private owners could affect REIT-owned community pricing. Despite supply concerns, demand from college-educated residents could provide some offset. Anderson suggests capital may flow into Sunbelt multifamily properties, viewing the supply issue as temporary. FY24 estimates for same-store NOI growth were cut to slightly negative, and FY24 AFFO estimates were also reduced for both CPT and MAA.

Portfolio Pulse from Lekha Gupta

December 04, 2023 | 6:23 pm