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Stock Prices

SPY

Billionaire hedge fund manager Paul Tudor Jones warns that the markets could plunge 12% due to rising geopolitical tensions and the threat of nuclear war. He also predicts a recession in the first quarter of 2024. Defense stocks were leading the way on Monday as broader markets fell in response to the attacks over the weekend. The SPDR S&P 500 (NYSE:SPY) is bouncing back Tuesday and was last up 1.11% at $437.05.

Portfolio Pulse from Adam Eckert

October 10, 2023 | 4:56 pm

TEVA

Teva Pharmaceutical Industries has reportedly stated that the ongoing Israel-Hamas conflict will not significantly affect its business and financial performance. As a result, the company's shares are trading higher.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 4:55 pm

CMBM

JP Morgan analyst Samik Chatterjee maintains an Underweight rating on Cambium Networks (NASDAQ:CMBM) and has lowered the price target from $12 to $6.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 4:53 pm

AAGIY

BABA

BEKE

ESRGF

HSBC

TCEHY

XIACY

Despite a quiet trading week in Hong Kong due to a 7-day national holiday in China, several companies repurchased their own shares. The top 5 repurchasers were Tencent Holdings Limited (TCEHY), HSBC plc (HSBC), AIA Group Limited (AAGIY), Xiaomi Corporation (XIACY), and ESR GROUP Limited (ESRGF). On US exchanges, KE Holdings Inc (BEKE) and Alibaba Group Holding Limited (BABA) also made large purchases of their own ADRs.

Portfolio Pulse from Daniel Harrison

October 10, 2023 | 4:51 pm

APTV

Aptiv's (NYSE:APTV) short percent of float has risen 5.15% since its last report, with 2.56 million shares sold short, which is 1.02% of all regular shares available for trading. It would take traders 1.23 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Aptiv's peer group average for short interest as a percentage of float is 5.98%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 4:45 pm

F

Ford Motor's (NYSE:F) short percent of float has fallen 4.33% since its last report, with 144.01 million shares sold short, which is 3.98% of all regular shares available for trading. It would take traders 3.17 days to cover their short positions on average. Compared to its peers, Ford has less short interest as a percentage of float, with an average of 11.08% for its peer group.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 4:45 pm

EOG

EOG Resources's short percent of float has risen 11.02% since its last report, with 7.63 million shares sold short, which is 1.31% of all regular shares available for trading. It would take traders 2.86 days to cover their short positions on average. The increase in short interest can signal that investors have become more bearish. However, EOG Resources's peer group average for short interest as a percentage of float is 6.79%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 4:45 pm

ABNB

CCL

Travel, cruise and airline stocks are trading higher, rebounding after a fall on Monday. The sector has been volatile due to the Israel-Hamas conflict causing geopolitical uncertainty.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 4:44 pm

INTZ

Intrusion Inc (NASDAQ:INTZ) shares surged by 40% after the company was awarded a $5 million multi-year shield agreement with a telecommunications provider. The deal involves a phased rollout of Intrusion Shield starting in Q4 2023, following a successful pilot initiated in Q1 2023. The five-year agreement allows for potential expansion and additional revenue opportunities beyond the initial projects. During Q3 2023, Intrusion also signed four other contracts expected to grow over time.

Portfolio Pulse from Henry Khederian

October 10, 2023 | 4:44 pm

FPI

Farmland Partners Inc. (FPI) has made significant changes to its portfolio in 3Q23, selling over 13,500 acres across six states and acquiring a large farm in Louisiana. The sales generated over $70 million, a 17% gain, while the acquisition cost an estimated $11 million. FPI has sold farmland valued at over $120 million as of September 2023, expecting total asset sales for the year to reach $170 million. The strategic move aims to optimize asset value for shareholders, with proceeds used for stock repurchases, debt repayment, and acquisitions in more viable locations.

Portfolio Pulse from Akanksha Bakshi

October 10, 2023 | 4:43 pm