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M

Macy's has seen a significant option alert with Friday $11.5 calls sweep near the ask of 2075 at $0.237 versus 3094 open interest. The company is expected to announce its earnings on 11/16 before the market opens.

Portfolio Pulse from Charles Gross

October 24, 2023 | 1:40 pm

MARA

RIOT

Crypto mining stocks Marathon Digital Holdings Inc (NASDAQ:MARA) and Riot Platforms Inc (NASDAQ:RIOT) are trading higher as Bitcoin's price continues to rise due to optimism surrounding a potential spot ETF. BlackRock and other financial firms have made changes to their submissions for spot Bitcoin ETFs. JPMorgan anticipates the SEC will approve a spot ETF within the next few months.

Portfolio Pulse from Adam Eckert

October 24, 2023 | 1:40 pm

INM

Trading of InMed Pharmaceuticals' shares has resumed.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 1:36 pm

INM

Shares of InMed Pharmaceuticals were halted on a circuit breaker due to a significant increase in the stock price. The stock is now up by 215.5%.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 1:33 pm

KMB

Kimberly-Clark Corp (NYSE:KMB) reported a 2% Y/Y sales growth in Q3 FY23, missing analyst estimates. Organic sales increased by 5% due to a price increase and favorable product mix. The company's gross margin expanded to 35.8% and operating income rose 18% Y/Y. Adjusted EPS of $1.74 beat analyst consensus. The company also revised its FY23 outlook, raising its adjusted EPS growth outlook to 15%-17% and operating margin outlook to an expansion of 170 bps.

Portfolio Pulse from Lekha Gupta

October 24, 2023 | 1:32 pm

NOW

ServiceNow's (NYSE:NOW) short percent of float has risen 5.69% since its last report, with 2.65 million shares sold short, which is 1.3% of all regular shares available for trading. It would take traders 3.02 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, ServiceNow's peer group average for short interest as a percentage of float is 5.22%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

October 24, 2023 | 1:30 pm

GS

Goldman Sachs Gr's (NYSE:GS) short percent of float has risen 16.16% since its last report, with 3.77 million shares sold short, which is 1.15% of all regular shares available for trading. It would take traders 1.88 days to cover their short positions on average. The company's short interest is less than its peer group average of 3.68%.

Portfolio Pulse from Benzinga Insights

October 24, 2023 | 1:30 pm

ETN

Eaton Corp's (NYSE:ETN) short percent of float has fallen 3.51% since its last report, with 4.39 million shares sold short, which is 1.1% of all regular shares available for trading. It would take traders 1.56 days to cover their short positions on average. Compared to its peers, Eaton Corp has less short interest as a percentage of float, with an average of 12.11%.

Portfolio Pulse from Benzinga Insights

October 24, 2023 | 1:30 pm

ADM

BYND

Archer-Daniels-Midland's CFO, Vikram Luthar, has announced that the company is shifting its plant-based protein ingredients production to higher demand products due to a slump in demand for meat alternatives.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 1:26 pm

TRU

TransUnion reported worse-than-expected Q3 financial results and issued Q4 adjusted EPS and revenue guidance below estimates. The company also lowered its FY23 guidance.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 1:25 pm