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FDX

FedEx (NYSE:FDX) has seen a 14.19% decrease in short interest since its last report, with 3.09 million shares sold short, representing 1.33% of its float. The average time to cover these short positions is 1.73 days. Short interest is a market sentiment indicator, and FedEx's short interest is below its peer group average of 3.19%. This decline in short interest does not necessarily predict a stock price increase.

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 1:15 pm

ADP

Automatic Data Processing (NYSE:ADP) has seen a decrease in short interest, with the short percent of float dropping 4.63% since the last report. The company has 4.24 million shares sold short, representing 1.03% of available shares. The average time to cover these short positions is 2.28 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. ADP's short interest is below its peer group average of 5.81%.

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 1:15 pm

IMNN

Imunon (NASDAQ:IMNN) reported Q3 earnings with an EPS of $-0.37, beating estimates by 43.94% against an expected $-0.66. However, revenue declined by $125 thousand compared to the same period last year. Despite beating last quarter's EPS estimates, the share price fell by 4.13% the following day.

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 1:15 pm

CAE

CAE (NYSE:CAE) reported Q2 earnings with an EPS of $0.14, which was in line with estimates. Revenue increased by $49.96 million compared to the same period last year. Despite beating EPS estimates last quarter, CAE's stock price dropped by 1.93% the following day. Historical earnings performance shows fluctuation in EPS and revenue, but the company has consistently beaten EPS estimates in the past four quarters.

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 1:15 pm

TSN

Tyson Foods, Inc. (NYSE:TSN) reported Q4 earnings of 37 cents per share, surpassing estimates of 29 cents per share, but with sales of $13.35 billion missing the expected $13.73 billion. The company forecasts FY24 adjusted operating income of $1 billion to $1.5 billion. Tyson's annual dividend yield is 4.21%, equating to 49 cents per share quarterly. To earn $500 monthly from dividends, an investment of approximately $142,563 or 3,125 shares is needed. Tyson's stock price fell 2.8% to close at $45.62 on Monday.

Portfolio Pulse from Lisa Levin

November 14, 2023 | 1:14 pm

BA

EADSY

RYCEY

Emirates has deferred a deal to purchase Airbus A350-1000 jets, citing concerns over the durability of Rolls Royce engines. Emirates President Tim Clark stated the engines' maintenance interval does not meet their operational standards. Despite this, Emirates is open to ordering 35-50 jets if Rolls-Royce addresses these issues. Meanwhile, Airbus secured an order for ten A350-900 aircraft from EGYPTAIR at the Dubai Airshow. Airbus and Rolls-Royce expressed confidence in the engine's performance. Airbus (EADSY) shares closed up by 0.85%, while Boeing (BA) shares traded higher by 0.49% in premarket.

Portfolio Pulse from Nabaparna Bhattacharya

November 14, 2023 | 1:14 pm

MGTX

MeiraGTx Holdings (MGTX) reported a Q3 EPS loss of $(0.74), missing the $(0.55) estimate by 34.55%, but showed a 10.84% improvement from the $(0.83) loss per share in the same period last year. Sales of $5.10M exceeded estimates by 56.06% and grew 5.96% from last year's $4.82M.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 1:14 pm

FSR

Barclays analyst Dan Levy has maintained an Underweight rating on Fisker (NYSE:FSR) and reduced the price target from $5 to $4.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 1:14 pm

RDHL

RedHill Biopharma Ltd. (RDHL) has been approved to transfer its listing from the Nasdaq Global Market to the Nasdaq Capital Market due to non-compliance with the minimum Market Value of Publicly Held Shares requirement. The transfer will occur on November 15, 2023, without affecting trading under the ticker RDHL. The company also faces a compliance issue with the minimum bid price requirement and has until March 18, 2024, to meet this standard or potentially receive an additional compliance period.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 1:12 pm

DSS

DSS, Inc. (NYSE:DSS) successfully defended its ‘040 Patent against Nichia Corp.'s challenge in the Court of Appeals for the Federal Circuit. The court upheld a previous USPTO decision affirming the patent's validity. DSS plans to pursue Nichia for patent infringement damages related to its LED product line.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 1:11 pm