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MDT

Medtronic's stock is trading higher following the announcement of their second-quarter results, which exceeded expectations. Additionally, the company has increased its guidance for the fiscal year 2024, signaling confidence in its future performance.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 3:44 pm

J

Jacobs Solutions Inc (NYSE:J) shares fell approximately 4% after reporting Q4 FY23 results. Revenue increased 10.5% Y/Y to $4.29 billion, surpassing estimates. Adjusted EPS was $1.90, beating consensus by $0.01. However, the FY24 EPS outlook of $7.70-$8.20 is below the consensus of $8.40. The company also announced a spin-off and merger of its CMS and Cyber & Intelligence units with Amentum. The stock was down 6.75% at $127.74.

Portfolio Pulse from Lekha Gupta

November 21, 2023 | 3:44 pm

AAPL

DWAC

SPY

Donald Trump's 2014 tweet about selling his Apple stock due to the iPhone's screen size proved to be poor investment advice. Since then, Apple's stock has significantly outperformed the market, with a $1,000 investment in Apple growing to $11,846.93, a 1,084.7% return, compared to a 201.6% return from the same investment in the SPDR S&P 500 ETF Trust. Trump, who now posts on Truth Social, a company merging with Digital World Acquisition Corporation, was recently unbanned from Twitter but has only posted once since 2021.

Portfolio Pulse from Chris Katje

November 21, 2023 | 3:42 pm

MVST

J Capital Research has issued a short report on Microvast Holdings (MVST), alleging that the majority of MVST's sales may be fake and that its Chinese factory shows little activity. They also claim that MVST failed to inform investors in a timely manner about the loss of a $200M DOE grant and question the company's reported backlog. J Cap admits to possibly being short MVST shares, indicating a potential conflict of interest.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 3:41 pm

ADI

Analog Devices, Inc (NASDAQ:ADI) reported a 16% year-on-year decline in Q4 FY23 revenue to $2.72 billion, slightly above consensus estimates. Adjusted EPS was $2.01, just above the $2.00 consensus. Industrial revenue fell by 20.4%, while Automotive revenue grew by 13.8%. Communications and Consumer revenues also saw declines. The company experienced a decrease in adjusted gross and operating margins. Analog Devices announced a quarterly cash dividend of $0.86 per share. The company's outlook for Q1 revenue and adjusted EPS is below consensus estimates. ADI shares saw a slight increase of 0.14% to $184.08.

Portfolio Pulse from Anusuya Lahiri

November 21, 2023 | 3:34 pm

UPH

UpHealth (UPH) resumed trading on the NYSE on November 21, 2023, after providing disclosures in filings on November 20, 2023. The resumption follows a period of halted trading due to undisclosed reasons requiring the company to make regulatory filings.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 3:33 pm

NXPI

NXP Semiconductors (NASDAQ:NXPI) has delivered an average annual return of 16.75% over the past 10 years, outperforming the market by 7.13% on an annualized basis. A $100 investment in NXPI a decade ago would be worth $494.14 today. The company's current market capitalization stands at $51.52 billion.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 3:30 pm

DIS

Walt Disney's (NYSE:DIS) short interest has decreased by 4.24% since the last report, with 20.21 million shares sold short, representing 1.13% of available shares. The average time to cover these short positions is 1.9 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Compared to its peers, Disney has a lower short interest percentage of float, with the peer group average at 7.30%.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 3:30 pm

MO

Altria Group (NYSE:MO) has experienced a 12.5% increase in short interest since its last report, with 17.56 million shares sold short, representing 0.99% of its float. It would take about 1.88 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. Altria has less short interest compared to its peer group average of 1.32%.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 3:30 pm

ADBE

Over the past 15 years, Adobe (NASDAQ:ADBE) has produced an average annual return of 24.33%, outperforming the market by 12.87% on an annualized basis. A $1000 investment in Adobe 15 years ago would be worth $27,311.33 today. Adobe's current market capitalization stands at $278.79 billion.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 3:30 pm