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The EV battery metal market is facing a downturn, with significant price drops in lithium and nickel leading to paused projects and mine shutdowns. Albemarle Corp. is reevaluating a major lithium processing plant project in South Carolina due to these price declines and a slowdown in EV sales. Glencore has suspended operations at a nickel mine in New Caledonia, and BHP Group may temporarily close its Australian nickel business. The downturn has also affected related ETFs, with the Global X Lithium & Battery Tech ETF and the Sprott Nickel Miners ETF experiencing significant declines. Despite current challenges, there's potential for recovery if EV demand surges again.

Portfolio Pulse from Piero Cingari

February 19, 2024 | 8:40 pm

ORLY

O'Reilly Automotive's (NYSE:ORLY) short interest has increased by 10.7% since the last report, with 1.21 million shares sold short, representing 2.07% of its float. It would take approximately 2.98 days to cover these short positions. The rise in short interest can indicate a bearish market sentiment towards ORLY, although it has less short interest compared to its peer group average of 13.22%. This information suggests investors are showing increased bearishness but ORLY is still below the industry average for short interest.

Portfolio Pulse from Benzinga Insights

February 19, 2024 | 8:30 pm

PSTG

Pure Storage (NYSE:PSTG) has seen a decrease in short interest, now at 4.36% of its float, lower than the peer group average of 6.85%. This reduction from 11.21 million shares suggests a more bullish sentiment among traders, despite not guaranteeing a near-term price rise. The coverage period for short positions is approximately 2.95 days based on current trading volumes.

Portfolio Pulse from Benzinga Insights

February 19, 2024 | 8:30 pm

BIIB

Biogen's (NYSE:BIIB) short interest has decreased by 18.77% since the last report, with 3.06 million shares sold short, representing 2.38% of its float. This decline in short interest could indicate a more bullish sentiment towards BIIB among traders. Compared to its peers, BIIB has a lower short interest percentage of float, with the average for its peer group being 4.64%.

Portfolio Pulse from Benzinga Insights

February 19, 2024 | 8:30 pm

ODFL

XPO

Truckers supporting Donald Trump, led by a figure known as Chicago Ray, are boycotting delivery routes to New York City in response to a court ruling ordering Trump to pay over $300 million for fraud charges. The movement, gaining traction on social media under #TruckersForTrump, could potentially disrupt NYC's supply chain if it continues to grow. Large trucking companies like XPO Inc and Old Dominion Freight Line Inc could be impacted if the boycott leads to increased rates per mile and supply chain disruptions.

Portfolio Pulse from Aaron Bry

February 19, 2024 | 8:08 pm

BTCY

Biotricity (NASDAQ:BTCY) is scheduled to release its quarterly earnings report on February 20, 2024, with an expected EPS of $-0.44. Analysts and investors will be looking for the company to beat this estimate and provide positive guidance for the next quarter. Historical data shows mixed reactions in stock price to past earnings reports. Shares have declined 76.78% over the last 52 weeks, indicating potential concern among long-term shareholders.

Portfolio Pulse from Benzinga Insights

February 19, 2024 | 8:01 pm

GATO

Gatos Silver (NYSE:GATO) is scheduled to release its quarterly earnings report on February 20, 2024, with an expected EPS of $0.10. Analysts and investors are keen on whether the company will surpass this estimate and provide positive future guidance. Gatos Silver's past earnings performance shows a pattern of not meeting EPS estimates, leading to subsequent drops in share price. However, the stock has seen a 33.41% increase over the last 52 weeks, indicating a positive outlook among long-term shareholders.

Portfolio Pulse from Benzinga Insights

February 19, 2024 | 8:01 pm

AIP

Arteris (NASDAQ:AIP) is scheduled to release its quarterly earnings report on February 20, 2024, with an expected EPS of $-0.20. Analysts and investors are keen on whether the company will surpass this estimate and provide positive guidance for the next quarter. Historical data shows Arteris's stock price reacts significantly to earnings performance and guidance, with a mixed impact on its share price in past quarters. As of February 15, Arteris shares were trading at $7.8, marking a 24.71% increase over the last 52 weeks.

Portfolio Pulse from Benzinga Insights

February 19, 2024 | 8:01 pm

MFIN

Medallion Financial (MFIN) is scheduled to release its quarterly earnings report on February 20, 2024, with analysts expecting an EPS of $0.63. The company's past performance shows a trend of beating EPS estimates, leading to positive stock price movements. Shares are currently trading at $9.35, reflecting a 15.3% increase over the last 52 weeks. Investors are looking forward to not only the earnings results but also the company's guidance for future growth.

Portfolio Pulse from Benzinga Insights

February 19, 2024 | 8:01 pm

NEO

NeoGenomics (NASDAQ:NEO) is scheduled to release its quarterly earnings report on February 20, 2024, with an expected EPS of $-0.02. Analysts and investors are keen on whether the company will surpass this estimate and provide positive guidance for the next quarter. Historically, NeoGenomics has shown the ability to beat EPS estimates, leading to significant stock price movements. The company's shares have seen a 9.2% increase over the last 52 weeks, trading at $7.61 as of February 15.

Portfolio Pulse from Benzinga Insights

February 19, 2024 | 8:01 pm