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NEM

Newmont's (NYSE:NEM) short interest has decreased by 5.59%, with 17.96 million shares sold short, representing 1.69% of its float. This decrease in short interest could indicate a more bullish sentiment towards NEM. Compared to its peers, NEM has a lower short interest percentage of float (1.69% vs. peer average of 3.18%).

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 1:00 pm

HLT

Hilton Worldwide Holdings (NYSE:HLT) has seen a 10.68% increase in short interest, now at 2.82 million shares or 1.14% of float. It takes traders 1.66 days to cover short positions. Despite the rise, HLT's short interest is below its peer group average of 5.71%. An increase in short interest can indicate bearish sentiment but can also be bullish under certain conditions.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 1:00 pm

HAS

LEG

T

Wall Street's most accurate analysts have provided their views on three high-dividend yielding consumer stocks: Leggett & Platt, AT&T, and Hasbro. Leggett & Platt and Hasbro reported worse-than-expected financial results, leading to price target adjustments. AT&T, however, received positive price target revisions and announced a billing credit for customers affected by a network outage.

Portfolio Pulse from Avi Kapoor

March 07, 2024 | 12:59 pm

RSI

Rush Street Interactive (NYSE:RSI) reported Q4 earnings surpassing expectations with adjusted earnings of 1 cent per share against expected losses and sales of $193.85 million beating estimates. CEO Richard Schwartz highlighted record revenues and adjusted EBITDA for 2023, with strong guidance for 2024 expecting revenues between $770 million to $830 million. Following the report, RSI shares rose 2.1%. Analysts from Needham and Wells Fargo raised their price targets on RSI to $8, maintaining positive ratings.

Portfolio Pulse from Avi Kapoor

March 07, 2024 | 12:57 pm

AGR

Avangrid's stock price increased following an announcement that Iberdrola proposed to acquire all common shares not already owned by it or its affiliates for $34.25 per share in cash. The proposal was made to the Unaffiliated Committee of Avangrid's Board of Directors and is non-binding.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 12:56 pm

CIEN

Ciena reported a decline in Q1 revenue, leading to a decrease in its stock price.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 12:52 pm

NVO

Novo Nordisk's shares surged following the announcement of positive results from a Phase 1 trial of its experimental drug Amycretin, which resulted in participants losing 13.1% of their weight after 12 weeks.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 12:50 pm

LLY

NVO

Novo Nordisk's stock reached a 52-week high after revealing promising early trial data for its obesity drug amycretin, showing higher weight loss compared to its existing treatment, Wegovy. The company announced plans for a Phase 2 trial of amycretin, with results expected in early 2026. Additionally, Novo Nordisk's semaglutide demonstrated significant benefits in a kidney outcomes trial. Eli Lilly's Zepbound, a competitor drug, was also mentioned.

Portfolio Pulse from Vandana Singh

March 07, 2024 | 12:46 pm

SSYS

Stratasys projects FY24 revenue between $630M-$645M, below the $644.09M estimate, and adjusted EPS of $0.12-$0.19, under the $0.26 estimate. The company anticipates improvements throughout the year, with a GAAP EPS loss of $(1.24)-$(1.01), worse than the $(0.59) estimate. This outlook assumes no further economic impediments from inflation, high interest rates, or supply chain costs.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 12:43 pm

WLY

John Wiley & Sons has updated its full-year 2024 financial outlook, expecting adjusted revenue to trend towards the mid-to-high end of the $1.58B-$1.63B range, against analysts' expectations of $1.691B. Additionally, the company has raised its adjusted EPS forecast from $2.05-$2.40 to $2.45-$2.65, surpassing the estimated $2.25.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 12:38 pm