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SPY

The USA ISM Non-Manufacturing Employment Index for September decreased to 48.1 from 50.2 in the previous month, indicating a contraction in employment within the non-manufacturing sector.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 2:00 pm

AI

C3.ai's short interest has decreased by 9.99%, with 25.50 million shares sold short, representing 25.87% of its float. This is higher than its peers' average short interest of 9.87%. The decrease in short interest may indicate a shift in market sentiment.

Portfolio Pulse from Benzinga Insights

October 03, 2024 | 2:00 pm

SPY

The USA Factory Orders for August decreased by 0.1%, missing the estimated increase of 0.1% and down from the 5.0% growth in the previous month. This indicates a slowdown in manufacturing activity.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 2:00 pm

CLOV

Clover Health Investments (NYSE:CLOV) has seen a 28.4% increase in short interest, with 25.80 million shares sold short, representing 6.42% of its float. This is higher than its peers' average of 3.83%. The rise in short interest suggests bearish sentiment, but it could also present a bullish opportunity if the stock price rises.

Portfolio Pulse from Benzinga Insights

October 03, 2024 | 2:00 pm

SPY

The USA ISM Non-Manufacturing Prices Index for September rose to 59.4, surpassing the estimated 56.3 and the previous month's 57.3. This indicates an increase in prices within the non-manufacturing sector.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 2:00 pm

BIIB

Biogen's short interest has increased by 9.65%, with 3.67 million shares sold short, representing 2.84% of its float. This is below the peer group average of 5.91%. The rise in short interest suggests bearish sentiment, but it doesn't guarantee a price drop.

Portfolio Pulse from Benzinga Insights

October 03, 2024 | 2:00 pm

SPY

The USA ISM Non-Manufacturing PMI for September came in at 54.9, significantly higher than the estimated 51.7 and the previous month's 51.5. This indicates a stronger-than-expected expansion in the non-manufacturing sector.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 2:00 pm

APIE

AVIV

JOBY

TM

Toyota is delaying its North American EV production to 2026 due to slowing sales and design adjustments. The company plans to launch 10 new EV models by 2026 and has reduced its EV production target. Toyota also announced a $500 million investment in Joby Aviation for electric air taxis.

Portfolio Pulse from Lekha Gupta

October 03, 2024 | 1:56 pm

BABA

BIDU

JD

LI

NIO

PDD

XPEV

Chinese stocks are cooling off after a significant rally due to stimulus optimism. Concerns over Middle East tensions are causing a pullback in U.S.-listed Chinese stocks like Alibaba, JD.com, Baidu, and others. Despite the pullback, these stocks have seen substantial gains over the past month.

Portfolio Pulse from Adam Eckert

October 03, 2024 | 1:49 pm

IEX

IDEX's short interest has decreased by 14.6%, with 778,000 shares sold short, representing 1.17% of its float. This is lower than its peers' average of 2.55%. The decrease in short interest may indicate a more bullish sentiment towards IDEX.

Portfolio Pulse from Benzinga Insights

October 03, 2024 | 1:45 pm