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NTLA

Oppenheimer analyst Jay Olson has maintained an Outperform rating on Intellia Therapeutics (NASDAQ:NTLA) but has reduced the price target from $80 to $70.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 5:34 pm

QQQ

SPY

TLT

The U.S. CPI inflation rate is expected to decrease from 3.7% in September to 3.3% in October, marking the first drop since June 2023. The report, due for release by the Bureau of Labor Statistics, is being closely watched for its implications on future interest rate adjustments. Fed Chair Jerome Powell has indicated that the inflation target of 2% is still distant. Bank of America economists predict a possible increase in core inflation, which could lead to another rate hike in December. Ahead of the CPI release, ETFs like SPY and QQQ experienced minor downturns, while TLT also dipped, reflecting investor caution.

Portfolio Pulse from Piero Cingari

November 13, 2023 | 5:32 pm

CENN

EVTV

GDHG

MICS

TWOU

In Monday's intraday session, several consumer discretionary stocks experienced significant movements. Singing Machine Co (MICS), Cenntro Electric Gr (CENN), and Envirotech Vehicles (EVTV) were among the gainers, with shares rising up to 20%. On the losing side, Golden Heaven Group Hldgs (GDHG) and 2U (TWOU) saw shares drop by over 12%. Recent earnings releases appear to have influenced stock performance for companies like Cheetah Net Supply Chain (CTNT), FAT Brands (FATBB), Fossil Group (FOSL), ECARX Holdings (ECX), RealReal (REAL), and Cazoo Gr (CZOO).

Portfolio Pulse from Benzinga Insights

November 13, 2023 | 5:31 pm

ACRS

ALEC

MYNZ

TCBP

TCON

TENX

TIVC

VERV

ZVSA

During Monday's intraday session, several healthcare stocks experienced significant movements. Tenax Therapeutics (TENX) saw a massive surge of 322.1%, while Tivic Health Systems (TIVC) and ZyVersa Therapeutics (ZVSA) also posted substantial gains. On the downside, TC BioPharm (TCBP), Aclaris Therapeutics (ACRS), and Mainz Biomed (MYNZ) faced steep declines. Verve Therapeutics (VERV), TRACON Pharma (TCON), and Alector (ALEC) also dropped notably, with recent Q3 earnings reports potentially influencing their stock performance.

Portfolio Pulse from Benzinga Insights

November 13, 2023 | 5:31 pm

AIRTP

AREB

BWEN

DCFC

FREY

IPDN

KRT

NCNC

SHPW

SPPL

VINO

XOS

In Monday's intraday session, several industrial stocks experienced significant movements. Xos, FREYR Battery, Shapeways Holdings, Simpple, Professional Diversity, and Karat Packaging were among the gainers, with Xos leading at a 23.6% increase. On the losing side, noco-noco, American Rebel Holdings, Broadwind, Air T, Gaucho Group Holdings, and Tritium DCFC saw their stock prices decline, with noco-noco dropping by 19.7%. Most companies mentioned had recent Q3 earnings reports, which likely influenced their stock movements.

Portfolio Pulse from Benzinga Insights

November 13, 2023 | 5:31 pm

AIRG

APLD

ARQQ

ATGL

CCSI

CYN

GREE

INTZ

NABL

ONDS

VUZI

WETG

In Monday's intraday session, several IT stocks experienced significant movements. Cyngn, Airgain, Alpha Technology Group, Consensus Cloud Solutions, Arqit Quantum, and Ondas Holdings saw their shares rise, with reported increases ranging from 12.48% to 19.8%. On the other hand, Applied Digital, Vuzix, WeTrade Group, Intrusion, N-able, and Greenidge Generation Holdings faced declines between 10.64% and 22.1%. The movements were largely attributed to recent Q3 earnings reports.

Portfolio Pulse from Benzinga Insights

November 13, 2023 | 5:31 pm

PPG

PPG Industries (NYSE:PPG) has seen a decrease in short interest, with the short percent of float dropping 11.84% since the last report. The company has 1.59 million shares sold short, representing 0.67% of available shares. The average time to cover these short positions is 1.0 day. Short interest is a market sentiment indicator, and a decrease suggests investors may be more bullish on PPG. Compared to its peers, PPG has a lower short interest as a percentage of float, with the peer group average at 4.02%.

Portfolio Pulse from Benzinga Insights

November 13, 2023 | 5:30 pm

EPD

Enterprise Prods Partners (NYSE:EPD) has seen a decrease in short interest, with the short percent of float dropping 8.15% since the last report. The company has 18.07 million shares sold short, which is 1.24% of available shares, taking an average of 3.88 days to cover. This decline in short interest may indicate a more bullish sentiment among investors compared to the peer group average short interest of 3.72%.

Portfolio Pulse from Benzinga Insights

November 13, 2023 | 5:30 pm

Gartner (NYSE:IT) has experienced a 33.0% increase in short interest since its last report, with 1.79 million shares sold short, representing 2.66% of its float. It would take about 3.23 days to cover these short positions based on average trading volume. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price decline. Gartner's short interest is higher than its peer group average of 2.29%.

Portfolio Pulse from Benzinga Insights

November 13, 2023 | 5:30 pm

XOM

Exxon Mobil Corp (XOM) shares are trading higher after the company announced plans to become a leading lithium supplier for electric vehicles by 2030. The first phase of lithium production in Arkansas has begun, with the goal to supply the manufacturing needs of over a million EVs per year by 2030. Exxon Mobil acquired rights to the Smackover formation in southern Arkansas and expects lithium demand to quadruple by 2030.

Portfolio Pulse from Adam Eckert

November 13, 2023 | 5:29 pm