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MP

MP Materials (NYSE:MP) has seen a 12.0% increase in short interest since its last report, with 17.62 million shares sold short, representing 19.7% of its available trading shares. This indicates a bearish market sentiment towards MP Materials, as the short interest is significantly higher than its peer group average of 4.75%. The article suggests that while increased short interest can signal bearish sentiment, it can also present bullish opportunities under certain conditions.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 6:15 pm

ADSK

Autodesk's (NYSE:ADSK) short interest has decreased by 22.29% since the last report, with 2.76 million shares sold short, representing 1.29% of its float. This decline in short interest could indicate a more bullish sentiment towards ADSK among investors. Autodesk's short interest is below its peer group average of 3.74%, suggesting it is performing well compared to its peers.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 6:15 pm

KNSL

Kinsale Capital Group's (NYSE:KNSL) short interest has increased by 9.34% since the last report, with 1.18 million shares sold short, representing 6.09% of its float. This indicates a bearish market sentiment compared to its peers, where the average short interest as a percentage of float is 1.63%. However, an increase in short interest can sometimes be bullish for a stock.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 6:15 pm

MDB

MongoDB Inc (NASDAQ:MDB) shares fell after reporting strong Q4 results but weak fiscal 2025 guidance, missing consensus estimates for growth and operating margins. Analysts from DA Davidson, Truist Securities, KeyBanc Capital Markets, Goldman Sachs, Mizuho Securities, Needham, and JMP Securities provided mixed reactions, adjusting their price targets and ratings based on the guidance and the company's performance. The guidance reflects challenges including a $80M headwind from non-recurring revenues and increased hiring impacting operating margins.

Portfolio Pulse from Priya Nigam

March 08, 2024 | 6:14 pm

LCID

TSLA

RBC Capital Markets analyst Tom Narayan has halved Lucid Group's price forecast from $6 to $3 despite its technology being 12%-23% more efficient than Tesla's. The downgrade is due to reactive discussions with OEMs, lower expected licensing penetration, and demand concerns for its sedans. Lucid's Gravity and Mid-size offerings aim to reverse these woes, and its tech could benefit PHEVs amidst the EV slowdown in the U.S. Lucid also adjusted the price of its Lucid Air Pure model to compete with luxury sedans from Mercedes and BMW.

Portfolio Pulse from Nabaparna Bhattacharya

March 08, 2024 | 6:08 pm

DIS

MAT

D.A. Davidson analyst Linda Bolton Weiser maintains a Buy rating on Mattel Inc (NASDAQ:MAT) with a $26.00 price target, highlighting the company's expansion into the wood toy segment and upcoming product launches. Mattel's entry into the $800 million wood toy market with Fisher-Price Wood is expected to be margin-accretive. The company also plans to launch Mini Barbie and has seen success with Hot Wheels. Mattel Television Studios is working on multiple series and specials, with toy sales expected to be boosted by Disney's (NYSE:DIS) Moana 2 and Frozen 3.

Portfolio Pulse from Shivani Kumaresan

March 08, 2024 | 6:04 pm

KRE

TFC

USB

Federal Reserve Chairman Jerome Powell warned of more bank failures, particularly among regional banks with significant exposure to commercial real estate loans. Powell highlighted the issue is more pronounced in smaller and medium-sized banks, with some holding CRE loans worth nearly 35% of their total assets. The shift to remote work during the COVID-19 pandemic has left 19% of U.S. offices empty, exacerbating the problem. Truist Financial Corp. (TFC), U.S. Bancorp (USB), and New York Community Bancorp are among the banks with the largest exposures. Despite the concerns, the SPDR S&P Regional Banking ETF (KRE) and shares of TFC and USB have remained relatively stable, while NYCB's shares have dropped significantly.

Portfolio Pulse from Neil Dennis

March 08, 2024 | 6:04 pm

PRTS

CarParts.com reported its Q4 financial results and announced a reduction of 150 global roles, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 6:03 pm

MNMD

MindMed (NASDAQ:MNMD) announced an underwritten offering and private placement expected to raise $175M, following positive 12-week clinical data on its LSD therapy for generalized anxiety. The offering involves 16,666,667 common shares at $6.00 each, with participation from new investors including Deep Track Capital and Commodore Capital. Oppenheimer Equity Research has given the stock an outperform rating, with a 12-18 month price target of $29.00, highlighting the company's systematic approach and promising data in the psychedelic field.

Portfolio Pulse from Lara Goldstein

March 08, 2024 | 6:01 pm

MAT

Analysts have mixed views on Mattel (NASDAQ:MAT), with recent ratings ranging from bullish to indifferent. The average 12-month price target is now $21.71, down from $23.33. Analyst actions include both upgrades and downgrades, reflecting varying perspectives on the company's market position and financial health. Mattel's revenue declined by -15.54% as of December 31, 2023, but it maintains a strong net margin of 9.09% and an exceptional ROE of 7.04%. The company faces challenges with a high debt-to-equity ratio of 1.2.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 6:01 pm