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VTRS

Viatris shares are trading lower following the announcement of Q1 sales results that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 2:50 pm

AFRM

JP Morgan analyst Reginald Smith upgraded Affirm Holdings (NASDAQ:AFRM) from Neutral to Overweight and increased the price target from $41 to $43.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 2:49 pm

CPAY

Corpay's shares dropped following the announcement of disappointing Q1 sales results and the issuance of Q2 and FY24 guidance that fell below analysts' expectations.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 2:47 pm

USFD

US Foods shares are trading higher after the company reported financial results for Q1 that exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 2:45 pm

B

Barnes Gr (NYSE:B) has seen a decrease in short interest, now at 2.58% of its float, down 19.63% from the last report, with 840 thousand shares sold short. This decline in short interest could indicate a more bullish sentiment towards the stock among investors. The current short interest is below the peer group average of 3.73%, suggesting less bearish sentiment compared to its peers. Short interest is a key indicator of market sentiment, and changes in short interest can provide insights into potential stock price movements.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 2:45 pm

MPC

Marathon Petroleum's (NYSE:MPC) short interest has increased by 3.29%, with 7.80 million shares sold short, representing 2.2% of its float. It would take 2.81 days on average to cover these short positions. This rise in short interest could indicate a bearish market sentiment towards MPC, although it has less short interest compared to its peers' average of 8.47%. The increase in short interest doesn't necessarily predict a price drop but suggests traders are betting more on its decline.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 2:45 pm

NTRA

Natera (NYSE:NTRA) has seen a decrease in short interest, with 5.76 million shares sold short, representing 4.95% of its float. This marks a 10.16% decline since the last report, indicating a potential shift in market sentiment towards more bullish views. The current short interest suggests it would take approximately 4.72 days for traders to cover their short positions. Compared to its peers, Natera has a lower short interest percentage, with the average for its peer group being 5.82%.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 2:45 pm

SPY

UUP

Unemployment claims in the U.S. surged to 231,000 for the week ending May 4, the highest in eight months, surpassing expectations and indicating a weakening labor market. This led to a drop in the U.S. Dollar, as evidenced by a 0.3% decrease in the U.S. Dollar Index (DXY), tracked by the Invesco DB USD Index Bullish Fund ETF (UUP). The market reacted by increasing bets on Federal Reserve rate cuts, with stocks, including the S&P 500 tracked by the SPDR S&P 500 ETF Trust (SPY), slightly rising in response.

Portfolio Pulse from Piero Cingari

May 09, 2024 | 2:44 pm

ABNB

ARM

NVDA

SFTBY

ARM Holdings PLC - ADR (NASDAQ:ARM) reported Q4 earnings with a significant year-over-year revenue increase but saw a stock price drop due to earnings not meeting the high whisper numbers. The article also discusses broader market trends, including jobless claims, Bank of England's interest rate decisions, and early trade money flows in major tech stocks and ETFs. It highlights the importance of protection bands for investors and mentions The Arora Report's successful AI and market trend predictions.

Portfolio Pulse from The Arora Report

May 09, 2024 | 2:41 pm

TPL

Texas Pacific Land shares surged following the announcement of Q1 financial results that exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 2:37 pm