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NVDA

NVIDIA reported better-than-expected Q3 earnings and provided strong guidance, but shares are trading lower due to anticipated sales decline in China caused by export restrictions.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 3:37 pm

BURL

Burlington Stores' stock (BURL) is trading higher following Morgan Stanley's reaffirmation of an Overweight rating and an increase in the price target from $167 to $182.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 3:35 pm

PHM

Investor Business Daily's SwingTrader platform has reportedly purchased shares of PulteGroup (PHM), which could indicate a positive sentiment towards the stock from the platform's perspective.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 3:33 pm

NIO

NIO Inc (NASDAQ:NIO) shares have declined over 6% in the past week but saw a slight boost on Monday after positive management commentary at the Guangzhou auto show. Nio's president dismissed bankruptcy rumors, and the company announced its 2,100th power swap station. Nio is collaborating with Chongqing Changan Automobile Co on battery swapping technology and possibly vehicle development. The company is set to report Q3 financial results on Dec. 5, with over 55,000 vehicles delivered last quarter, a 75.4% increase YoY. NIO shares were down 1.31% at $7.41 at the time of publication.

Portfolio Pulse from Adam Eckert

November 22, 2023 | 3:31 pm

SPY

USA gasoline inventories saw an unexpected build of 0.749 million barrels compared to an estimated draw of 0.150 million barrels. This contrasts with the prior draw of 1.540 million barrels.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 3:30 pm

NVO

Over the past 10 years, Novo Nordisk (NYSE:NVO) has produced an average annual return of 19.48%, outperforming the market by 9.82% on an annualized basis. With a current market capitalization of $456.00 billion, a $1000 investment in NVO stock 10 years ago would be worth $5,920.31 today. The article highlights the impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

November 22, 2023 | 3:30 pm

SBUX

Over the past 15 years, Starbucks (NASDAQ:SBUX) has delivered an average annual return of 23.35%, outperforming the market. A $100 investment in SBUX 15 years ago would be worth $2,368.74 today. Starbucks currently has a market cap of $118.32 billion.

Portfolio Pulse from Benzinga Insights

November 22, 2023 | 3:30 pm

AWK

American Water Works (NYSE:AWK) has seen a 10.91% decrease in short interest since its last report, with 2.53 million shares sold short, representing 1.47% of its float. The average time to cover these short positions is 2.05 days. A decrease in short interest can indicate a more bullish sentiment from investors. AWK's short interest is below its peer group average of 1.64%.

Portfolio Pulse from Benzinga Insights

November 22, 2023 | 3:30 pm

SPY

USA crude oil inventories saw a significant increase with a build of 8.701 million barrels, surpassing the estimated build of 1.160 million barrels and the prior build of 3.592 million barrels. This unexpected surge in oil inventories could suggest lower demand or higher production, potentially impacting oil prices and related stocks.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 3:30 pm

NVO

Novo Nordisk's (NYSE:NVO) short interest has decreased by 25.71% since the last report, with 4.43 million shares sold short, representing 0.26% of available shares. The average time to cover these short positions is 1.18 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Novo Nordisk has a lower short interest compared to its peer group average of 3.25%.

Portfolio Pulse from Benzinga Insights

November 22, 2023 | 3:30 pm