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VZ

Verizon Communications Inc. (VZ) shares are trading higher by 1.6% to $31.54, in sympathy with peer telecommunication company AT&T Inc. (T) after it reported better-than-expected Q3 financial results. AT&T's strong performance can positively affect investor sentiment towards the entire telecom sector, potentially benefiting Verizon due to similar infrastructure.

Portfolio Pulse from Henry Khederian

October 19, 2023 | 2:51 pm

BEAM

Beam Therapeutics Inc (NASDAQ:BEAM) announced a strategic restructuring and portfolio prioritization, which includes cost reductions expected to extend its operating plan into 2026. The company plans to focus on specific clinical programs and research areas for near-term value creation. This includes prioritizing the development of its sickle cell disease programs and base editor BEAM-302. Beam also plans to reduce its workforce by approximately 20% and incur one-time charges of about $6.6 million related to the headcount reduction. Following the announcement, Beam shares were down 9.38%.

Portfolio Pulse from Adam Eckert

October 19, 2023 | 2:50 pm

MDAI

Shares of Spectral AI Inc (NASDAQ:MDAI) are trading higher after the company announced that its DeepView SnapShot Wound Imaging System received Class 1 medical device classification with the FDA and was marked for use in the UK. The company now plans to seek regulatory approval for its DeepView AI - Burn software to commercialize the complete DeepView SnapShot System worldwide.

Portfolio Pulse from Adam Eckert

October 19, 2023 | 2:46 pm

AAPL

MSFT

NFLX

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo discusses trade strategies for SPY, QQQ, AAPL, MSFT, NVDA, TSLA, and NFLX. The memo provides price levels for each stock, taking into account price, volume, and options flow. The memo also mentions the potential impact of the premarket release of unemployment data and remarks from Jerome Powell at the Economic Club of New York.

Portfolio Pulse from RIPS

October 19, 2023 | 2:45 pm

ROST

Ross Stores's (NYSE:ROST) short percent of float has risen 10.19% since its last report, with 3.39 million shares sold short, which is 1.19% of all regular shares available for trading. It would take traders 1.68 days to cover their short positions on average. The company has less short interest than most of its peers, with an average of 16.09% for its peer group.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 2:45 pm

HES

Hess's (NYSE:HES) short percent of float has risen 30.52% since its last report, with 4.05 million shares sold short, which is 2.01% of all regular shares available for trading. It would take traders 2.16 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Hess's peer group average for short interest as a percentage of float is 6.76%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 2:45 pm

MCK

McKesson's (NYSE:MCK) short percent of float has risen 11.48% since its last report, with 1.83 million shares sold short, which is 1.36% of all regular shares available for trading. It would take traders 2.69 days to cover their short positions on average. The company's short interest is less than its peer group average of 7.28%.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 2:45 pm

MDAI

Spectral AI's shares are trading higher following the announcement that its DeepView SnapShot Wound Imaging System has been approved for use in the U.K. and received Class 1 medical device classification from the FDA.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 2:45 pm

LFST

LifeStance Health Group's shares are trading lower following a short report issued by The Bear Cave.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 2:43 pm

GOOS

Shares of Canada Goose Holdings are trading lower following downgrades and lowered price targets by TD Cowen and Wells Fargo.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 2:42 pm