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MCD

McDonald's Corp (MCD) is facing a PR crisis due to its Israeli franchisees providing free meals to the Israeli Defense Forces, leading to calls for a boycott. This controversy comes as the company's stock has dropped 16% since July 2023, with 5.31% of that decline happening this month. The Q3 earnings release is scheduled for October 30, with projections at $3.00 per share.

Portfolio Pulse from Zaheer Anwari

October 17, 2023 | 1:37 pm

LHX

L3Harris Technologies's (NYSE:LHX) short percent of float has risen 29.69% since its last report, with 1.56 million shares sold short, which is 0.83% of all regular shares available for trading. An increase in short interest can indicate a bearish market sentiment towards a stock. However, L3Harris Technologies's short interest as a percentage of float is less than its peer group average of 2.56%.

Portfolio Pulse from Benzinga Insights

October 17, 2023 | 1:30 pm

MO

Altria Group's (NYSE:MO) short percent of float has risen 6.49% since its last report, with 14.48 million shares sold short, which is 0.82% of all regular shares available for trading. Short interest can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish. Altria Group's peer group average for short interest as a percentage of float is 2.30%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

October 17, 2023 | 1:30 pm

ET

Energy Transfer's (NYSE:ET) short percent of float has risen 6.63% since its last report, with 49.80 million shares sold short, which is 1.77% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a stock. However, compared to its peers, Energy Transfer has less short interest as a percentage of float, which is 3.90% on average.

Portfolio Pulse from Benzinga Insights

October 17, 2023 | 1:30 pm

AAPL

AI

NET

NFLX

NVDA

QQQ

SPOT

TLT

TSLA

UPS

The top 10 trending stocks on WallStreetBets as of October 17, 2023, include AAPL, AI, NET, NFLX, NVDA, QQQ, SPOT, TLT, TSLA, and UPS.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 1:28 pm

EIS

A senior Hamas armed commander, Ayman Nofal, has been killed in an Israeli air strike in Gaza, according to Reuters. The article may mention the iShares MSCI Israel ETF (EIS).

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 1:27 pm

FTRE

LH

Activist hedge fund Starboard Value has acquired an 8.7% stake in contract-research organization Fortrea Holdings Inc. (NASDAQ:FTRE). Starboard plans to push for changes to boost margins and share-price appreciation. Fortrea recently completed its spinoff from Laboratory Corporation Of America Holdings (NYSE:LH). Starboard believes that Fortrea did not operate optimally under Labcorp due to its smaller scale. The news led to a 3.29% increase in FTRE shares in premarket trading.

Portfolio Pulse from Nabaparna Bhattacharya

October 17, 2023 | 1:23 pm

GS

Goldman Sachs Group Inc (NYSE:GS) reported a 33% fall in Q3 profit due to the impact of a fintech sale, with trading and investment banking remaining stagnant. The bank's Q3 EPS was $5.47, down from $8.25 a year ago, but beat the consensus of $5.31. Net revenues were $11.82 billion, almost in line with Q3 FY22. The bank took a $506 million write-down on GreenSky, adding to a $1.4 billion hit linked to the business in Q2. GS shares are down 0.20% at $313.75 during the premarket session on the last check Tuesday.

Portfolio Pulse from Vandana Singh

October 17, 2023 | 1:22 pm

SPY

The Manufacturing Production for September has increased by 0.4%, surpassing the estimated 0.1%.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 1:20 pm

SPY

USA Industrial Production for September has been reported at 0.10%, lower than the prior figure of 0.25%.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 1:19 pm