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OTIS

Otis Worldwide's (NYSE:OTIS) short percent of float has risen 9.9% since its last report, with 4.57 million shares sold short, which is 1.11% of all regular shares available for trading. It would take traders 2.49 days to cover their short positions on average. The company's short interest is less than its peer group average of 3.63%.

Portfolio Pulse from Benzinga Insights

October 26, 2023 | 4:45 pm

MSFT

Microsoft's shares are trading lower after gaining on Wednesday due to positive Q1 earnings. The stock may be experiencing a pullback.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 4:44 pm

LUV

Southwest Airlines Co (NYSE:LUV) reported a 4.9% YoY increase in Q3 FY23 operating revenue to $6.525 billion, missing the consensus of $6.56 billion. The revenue strength was driven by solid leisure demand and managed business performance. Adjusted EPS was $0.38, down from $0.50 in 3Q22, in line with the consensus. The company expects a record-breaking Q4 in terms of operating revenue due to a high number of passengers. However, LUV shares are trading lower by 1.08% at $23.35.

Portfolio Pulse from Akanksha Bakshi

October 26, 2023 | 4:33 pm

MBIO

Mustang Bio, Inc. (NASDAQ:MBIO) has announced a registered direct offering of 2,588,236 of its common shares at a price of $1.70 per share, priced at-the-market under Nasdaq rules. The company also plans to issue unregistered warrants to purchase up to an aggregate of 2,588,236 shares of its common stock. The offering is expected to close on October 30, 2023. The gross proceeds from the offering are expected to be approximately $4.4 million, which will be used for working capital and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 4:31 pm

ENPH

SEDG

Enphase Energy (ENPH) is set to report its Q3 earnings after market close on Thursday. The company's stock has declined by almost 62% YTD, impacted by rival SolarEdge Technology's (SEDG) stagnant European sales. Analysts expect ENPH to report $1.03 in EPS for the quarter and $566.02 million in revenue. The consensus price target stands at $180.58 a share, representing a significant upside from current price levels. ENPH's shares are down almost 20% over the past month, trading at $96.16 at the time of publication.

Portfolio Pulse from Surbhi Jain

October 26, 2023 | 4:31 pm

WDC

Western Digital Corp (NYSE:WDC) shares dropped following reports that the company ended merger talks with Japan's Kioxia Holdings due to failure in securing approval from certain Kioxia shareholders. Both companies, facing headwinds in the memory chip space, are reportedly seeking capital infusions and exploring other options to strengthen operations. Western Digital is set to report fiscal first-quarter financial results on Oct. 30, with analysts expecting an earnings loss of $1.90 per share and revenue of $2.65 billion.

Portfolio Pulse from Adam Eckert

October 26, 2023 | 4:27 pm

BSX

Boston Scientific Corp (NYSE:BSX) reported Q3 revenues of $3.53 billion, surpassing Wall Street's estimate of $3.48 billion. The company's sales increased by 11.2% on a reported basis, 11.1% operationally, and 10.2% organically, beating management's estimate of 8.5% - 10.5%. The adjusted EPS was $0.50, higher than the consensus of $0.48. The company revised its FY23 revenue growth guidance to 11% and forecasts an adjusted EPS of $1.99 - $2.02.

Portfolio Pulse from Anusuya Lahiri

October 26, 2023 | 4:26 pm

MPW

Medical Properties Trust has reported its Q3 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 4:25 pm

STX

Seagate Technology Holdings reported Q1 revenues of $1.454 billion, missing the analyst consensus of $1.530 billion, a 28.6% Y/Y slump. The company also reported an adjusted EPS loss of $(0.22), missing the analyst consensus of $(0.19) loss. Seagate's Q1 adjusted gross margin contracted to 19.8% from 24.5% in the year-ago period. The company expects Q2 revenues of $1.55 billion and an adjusted EPS loss of $(0.10).

Portfolio Pulse from Nabaparna Bhattacharya

October 26, 2023 | 4:24 pm

GWW

W.W. Grainger's shares are trading higher following the company's announcement of better-than-expected Q3 earnings per share (EPS) results. The company also issued its financial year 2023 (FY23) guidance.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 4:20 pm