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BAC

KEY

SCHW

Banking and financial services stocks are trading higher due to a decrease in Treasury yields, which is generally positive for the sector as it can lead to wider profit margins on loans and financial products.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 8:30 pm

BDX

Becton Dickinson (NYSE:BDX) has seen a 32.05% increase in short interest since the last report, with 2.99 million shares sold short, representing 1.03% of available shares. It would take 1.6 days to cover these short positions based on current trading volume. While an increase in short interest can indicate bearish sentiment, BDX has less short interest compared to its peer group average of 3.75%. The rise in short interest does not necessarily predict a near-term price drop.

Portfolio Pulse from Benzinga Insights

November 29, 2023 | 8:30 pm

BSX

Boston Scientific (NYSE:BSX) has experienced a 28.57% increase in short interest since its last report, with 11.85 million shares sold short, representing 0.81% of its float. The current short interest suggests a bearish sentiment among investors, although it is lower than the peer group average of 3.76%. The short interest level indicates it would take 1.53 days for traders to cover their positions.

Portfolio Pulse from Benzinga Insights

November 29, 2023 | 8:30 pm

VICI

VICI Properties (NYSE:VICI) has seen a 14.47% decrease in short interest, with 11.59 million shares sold short, representing 1.3% of available shares. The average time to cover these short positions is 1.73 days. A decrease in short interest may indicate a more bullish sentiment among investors. VICI's short interest is below its peer group average of 5.30%.

Portfolio Pulse from Benzinga Insights

November 29, 2023 | 8:30 pm

LCID

RIVN

STLA

TSLA

The United Auto Workers (UAW) has initiated a significant effort to unionize employees at 13 automakers across the United States. This move could affect labor relations and potentially impact production costs and operations for companies like Ford (F), General Motors (GM), Lucid Motors (LCID), Rivian (RIVN), Stellantis (STLA), and Tesla (TSLA).

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 8:24 pm

RELX

RELX Inc. (NYSE:RELX) stock price dropped by 0.13% to $38.67 in the current market session, despite a 10.64% increase over the past month and a 35.02% rise over the past year. The article discusses the P/E ratio of RELX compared to its industry peers, noting that RELX's P/E ratio of 33.61 is lower than the Professional Services industry average of 61.56, which could indicate that the stock is undervalued or may perform worse than its peers.

Portfolio Pulse from Benzinga Insights

November 29, 2023 | 8:15 pm

AEO

DKS

LULU

NKE

SKX

URBN

Clothing, footwear, and athletic apparel stocks are up following Foot Locker's better-than-expected Q3 results. The sector may also be benefiting from positive sentiment due to holiday sales events.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 8:06 pm

PRTG

HC Wainwright & Co. analyst Robert Burns has maintained a Buy rating on Portage Biotech (NASDAQ:PRTG) but reduced the price target from $9 to $6.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 8:01 pm

MPW

Over the past 3 months, 5 Wall Street analysts have rated Medical Properties Trust (NYSE:MPW) with 1 somewhat bullish, 1 indifferent, and 3 somewhat bearish ratings. The average price target is now $5.5, down 38.89% from the previous $9.00, suggesting an upside from the current price of $4.885.

Portfolio Pulse from Benzinga Insights

November 29, 2023 | 8:00 pm

Eversource Energy (NYSE:ES) has received 12 indifferent analyst ratings in the last quarter with no bullish or bearish ratings. The average price target is $64.08, representing an implied upside from the current price of $60.12. This average price target has decreased by 11.37% from the previous target of $72.30. Analysts typically review stocks once a quarter and provide forecasts on earnings, revenue, and growth, although their predictions are not infallible.

Portfolio Pulse from Benzinga Insights

November 29, 2023 | 8:00 pm