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SPY

TSLA

The article discusses four common mistakes traders make during unexpected stock market rallies, using the recent rally of the S&P 500 Index SPDR S&P 500 ETF Trust (SPY) as an example. The mistakes include unbelief in the rally, cherry-picking tops, playing short-term options, and misunderstanding the laws of attraction on moving averages. The article also mentions Apple Inc. (AAPL), Tesla Inc. (TSLA), and Invesco QQQ Trust Series 1 (QQQ) without providing specific details on their performance.

Portfolio Pulse from John Chang

November 13, 2023 | 1:33 pm

AXS

BBDC

CCAP

GDRX

HCAT

HPQ

NMG

NOAH

PGRE

WAT

Wall Street analysts have updated their price targets and ratings for several stocks. Citigroup upgraded HP Inc. (HPQ) to Buy and raised its price target, resulting in a 2.2% rise in HP's shares. UBS upgraded Noah Holdings (NOAH) to Buy, with shares up 1.6% in pre-market trading. Piper Sandler upgraded Health Catalyst (HCAT) to Overweight despite a price target cut. AXIS Capital (AXS) was upgraded by Keefe, Bruyette & Woods to Outperform with a higher price target. HC Wainwright maintained a Buy rating on Nouveau Monde Graphite (NMG) but lowered its price target. Wells Fargo downgraded Barings BDC (BBDC) and Crescent Capital BDC (CCAP) to Equal-Weight with reduced price targets. B of A Securities downgraded Paramount Group (PGRE) to Underperform with a lower price target. Barclays downgraded Waters Corporation (WAT) to Underweight and reduced its price target. Goldman Sachs maintained a Neutral rating on GoodRx Holdings (GDRX) but cut its price target.

Portfolio Pulse from Lisa Levin

November 13, 2023 | 1:32 pm

INTS

Intensity Therapeutics reported a Q3 EPS loss of $(0.17), missing the $(0.09) estimate by 88.89%. Despite this miss, the loss improved by 67.31% from the $(0.52) per share loss in the same quarter last year. The company has approximately $15.6M in cash, cash equivalents, and marketable securities, which is expected to fund operations into the second half of 2025.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 1:32 pm

XEL

Xcel Energy (NYSE:XEL) has seen a 16.3% decrease in short interest since its last report, with 8.48 million shares sold short, representing 1.54% of its float. The average time to cover these short positions is 2.19 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Xcel Energy has a lower short interest compared to its peer group average of 2.22%.

Portfolio Pulse from Benzinga Insights

November 13, 2023 | 1:30 pm

JCI

Johnson Controls Intl (NYSE:JCI) has experienced a 34.04% increase in short interest since its last report, with 8.57 million shares sold short, representing 1.26% of its float. It would take about 1.8 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, JCI's short interest is below its peer group average of 3.92%. This information suggests investor caution but does not necessarily predict a near-term price drop.

Portfolio Pulse from Benzinga Insights

November 13, 2023 | 1:30 pm

URI

United Rentals (NYSE:URI) has seen an 11.5% increase in short interest since its last report, with 2.99 million shares sold short, representing 5.04% of available shares. The short interest is higher than the peer group average of 4.24%. While this indicates more bearish sentiment, it does not necessarily predict a near-term price drop.

Portfolio Pulse from Benzinga Insights

November 13, 2023 | 1:30 pm

KALA

Kala Bio (NASDAQ:KALA) reported Q3 earnings with an EPS of $-3.41, missing estimates by 58.6% compared to the expected $-2.15. Revenue also decreased by $420 thousand from the same period last year. Following last quarter's earnings miss, KALA's share price dropped by 1.6% the next day.

Portfolio Pulse from Benzinga Insights

November 13, 2023 | 1:30 pm

HIW

B of A Securities analyst Camille Bonnel downgraded Highwoods Properties (NYSE:HIW) from Buy to Neutral and reduced the price target from $29 to $20.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 1:29 pm

ADTN

ERIC

XRX

Three tech stocks with high dividend yields have been rated by Wall Street's most accurate analysts. Xerox Holdings Corporation (XRX) has a 7.49% yield but faces downgrades with a reduced price target. ADTRAN Holdings, Inc. (ADTN) offers a 6.63% yield, with mixed ratings and a lowered price target. Telefonaktiebolaget LM Ericsson (ERIC) provides a 5.47% yield, with a reduced price target and a downgrade to Market Perform. All three companies reported mixed financial results or a decline in sales.

Portfolio Pulse from Lisa Levin

November 13, 2023 | 1:27 pm

AHTR

EPRT

JBGS

WELL

Essential Properties Realty Trust, Inc. (EPRT) announced the retirement of Chairman Paul T. Bossidy, effective December 31, 2023, and the appointment of Scott A. Estes as the new Board Chair. Bossidy's retirement is not due to any disagreement with the company's operations or practices. The Board will be reduced from eight to seven members. CEO Mavoides praised Bossidy's contributions and expressed confidence in Estes, who has extensive REIT industry experience and has served in leadership roles at Welltower, Inc. (WELL) and is involved with JBG SMITH Properties (JBGS) and American Healthcare REIT (AHTR).

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 1:25 pm