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SRE

Sempra (NYSE:SRE) has seen a 99.04% increase in short interest since its last report, with 13.00 million shares sold short, representing 2.07% of its float. It would take about 3.23 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. Sempra's short interest is below its peer group average of 3.12%.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 8:30 pm

RCL

Over the past 15 years, Royal Caribbean Gr (NYSE:RCL) has produced an average annual return of 16.77%, outperforming the market by 5.35% on an annualized basis. A $1000 investment in RCL 15 years ago would be worth $10,364.96 today. The company currently has a market capitalization of $29.03 billion.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 8:30 pm

ADP

Automatic Data Processing (NYSE:ADP) has seen a 4.85% increase in short interest since the last report, with 4.44 million shares sold short, representing 1.08% of available shares. It would take about 2.56 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, ADP's short interest is below its peer group average of 6.00%. The rise in short interest does not necessarily predict a near-term price drop.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 8:30 pm

HPQ

HP Inc. (NYSE:HPQ) has seen a decrease in short interest, with the current level at 11.93 million shares or 1.38% of float, down 6.12% since the last report. The average time to cover these short positions is 1.75 days. While a decline in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term rise in stock price. HP's short interest is below its peer group average of 6.96%.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 8:30 pm

BTCUSD

Bitcoin (BTC) reached its highest level since April 2022, briefly surpassing $44,000. The surge is attributed to increased institutional interest and optimism for a potential spot ETF approval by the SEC. Additionally, expectations of Federal Reserve rate cuts in 2024, hinted by Fed Chair Jerome Powell, are contributing to the rally. Bitcoin is up over 4% in 24 hours and nearly 15% over the past week.

Portfolio Pulse from Adam Eckert

December 05, 2023 | 8:23 pm

AZO

Goldman Sachs analyst Kate McShane maintains a Buy rating on AutoZone Inc (NYSE:AZO) with a price target of $3,000. AutoZone reported Q1 FY24 sales growth of 5.1% Y/Y to $4.19 billion, slightly missing consensus estimates. EPS of $32.55 beat both consensus and Goldman Sachs estimates. Domestic same store sales growth was lower than expected. McShane is looking for further details on the earnings call regarding various aspects of the business. She notes potential downside risks and provides revenue and EPS estimates for FY24 to FY26. AZO shares are up 0.27% at $2,671.22.

Portfolio Pulse from Lekha Gupta

December 05, 2023 | 8:22 pm

GTLB

MSFT

SWI

TEAM

GitLab Inc (GTLB) reported a strong third quarter, exceeding expectations and raising guidance, leading to several analysts maintaining or upgrading their ratings and price targets. Truist Securities, Scotiabank, RBC Capital, and Cantor Fitzgerald all raised their price targets, citing solid execution, demand, and potential conservative guidance. Needham maintained a Hold rating, noting the incremental revenue from the Premium SKU price increase might be lower than some expectations. Microsoft Corp (MSFT) and Atlassian Corp (TEAM) were mentioned as competitors, while SolarWinds Corp (SWI) was referenced in relation to the importance of securing the software supply chain, a task GitLab is well-positioned for. GTLB shares rose 11.10% to $60.42.

Portfolio Pulse from Anusuya Lahiri

December 05, 2023 | 8:13 pm

JBLU

SAVE

A judge is reportedly leaning towards approving JetBlue's acquisition of Spirit Airlines for $3.8 billion, according to the NY Post. This deal, if finalized, would consolidate JetBlue's position in the airline industry by absorbing Spirit's low-cost operations.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 8:02 pm

MYNZ

Mainz Biomed reported topline results from its U.S. eAArly DETECT Study evaluating novel mRNA biomarkers, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 8:00 pm

OXM

Oxford Industries (NYSE:OXM) is scheduled to release its quarterly earnings report on Wednesday, 2023-12-06. Analysts predict an EPS of $0.95. Investors are looking for an earnings beat and positive guidance for future growth. Historically, OXM's stock price has been sensitive to earnings performance and guidance. Last quarter, OXM beat the EPS estimate by $0.05, leading to a 1.09% stock price increase the following day. Over the past year, OXM shares have declined by 17.63%.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 8:00 pm