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DASH

DoorDash's (NYSE:DASH) short percent of float has risen 5.0% since its last report, with 14.48 million shares sold short, which is 3.99% of all regular shares available for trading. It would take traders 5.46 days to cover their short positions on average. The company has less short interest than most of its peers, with an average of 9.05%.

Portfolio Pulse from Benzinga Insights

October 09, 2023 | 7:45 pm

QCOM

Qualcomm's (NYSE:QCOM) short percent of float has risen 21.43% since its last report, with 13.24 million shares sold short, which is 1.19% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, Qualcomm's peer group average for short interest as a percentage of float is 3.67%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

October 09, 2023 | 7:45 pm

CVX

EURN

TNK

XOM

The ongoing conflict in Israel is causing concerns in the energy market, particularly around the transportation of oil. Israel is not a major oil producer, but tensions with Iran, which controls the Strait of Hormuz, could impact the region's energy markets. The focus is on the price difference between Brent crude and West Texas Crude (WTI), with a narrowing spread indicating increasing demand for WTI. This could lead to record U.S. export numbers by year's end. Energy stocks like Exxon Mobil and Chevron are rallying, but also face geopolitical risks. Oil transportation companies like Teekay Tankers and Euronav NV could benefit from increased domestic production and export demand.

Portfolio Pulse from Kevin Green

October 09, 2023 | 7:37 pm

ACXP

Acurx Pharmaceuticals, Inc. (NASDAQ:ACXP) shares surged after the company announced the successful completion and early discontinuation of the Ibezapolstat Phase 2b trial for the treatment of C. difficile infection. The company will analyze the data and report topline efficacy results which will allow Acurx to advance it to Phase 3 clinical trials more quickly.

Portfolio Pulse from Ryan Gustafson

October 09, 2023 | 7:36 pm

AVGO

Broadcom Inc.'s stock price is currently at $841.06, marking a 0.50% decrease in the current market session. However, the stock has increased by 1.06% over the past month and by 97.94% over the past year. Broadcom's P/E ratio is lower than the aggregate P/E of 37.37 of the Semiconductors & Semiconductor Equipment industry, which could indicate that the stock is undervalued or that shareholders do not expect the stock to perform better in the future.

Portfolio Pulse from Benzinga Insights

October 09, 2023 | 7:30 pm

CTRYY

EGRNF

HSBC

LGFRY

NVDLY

SWRAY

Hong Kong Broadband Network (HKBN Ltd.) has issued a profit warning, expecting a loss of HK$1.3 billion ($167 million) for the year ending August 2023 due to rising interest rates. The Hong Kong Interbank Borrowing Rate (HIBOR) has surged by over four times in 2023, increasing borrowing costs. This rise in HIBOR could impact earnings of property developers like China Evergrande Group, Country Garden Holdings Company Limited, and Longfor Holdings Group Limited, and companies with high borrowing rates like Swire Pacific Ltd. and New World Development Co Limited.

Portfolio Pulse from Daniel Harrison

October 09, 2023 | 7:25 pm

BTCUSD

SPY

Bitcoin (BTC) has largely decoupled from traditional equities, as its price trajectory no longer mirrors that of major indices such as the S&P 500. This divergence is particularly noteworthy given the S&P 500's recent bounce off the 4200 points level, while Bitcoin had already reached the bottom of its current range. The correlation between Bitcoin and the S&P 500 reached its zenith on Aug. 25, with a value of 0.8. Since then, the correlation has been on a decline, with Bitcoin exhibiting slower upward movement compared to equities and more pronounced downturns throughout September. Currently, the correlation value stands at -0.5, indicating that the two are moving in opposite directions.

Portfolio Pulse from Murtuza Merchant

October 09, 2023 | 7:20 pm

AAL

American Airlines Group Inc (NASDAQ:AAL) shares are trading lower by 4.98% due to the Israel-Hamas conflict causing travel uncertainty and leading to U.S. airlines suspending flights to Israel. The conflict may lead to increased oil prices, which can raise the airline's operating expenses. Additional costs may also be incurred due to rerouting flights, accommodating affected passengers, and maintaining security measures.

Portfolio Pulse from Henry Khederian

October 09, 2023 | 7:19 pm

BABA

A significant bullish stance has been taken on Alibaba Gr Holding (NYSE:BABA) as evidenced by unusual options activity. The overall sentiment of these big-money traders is split between 59% bullish and 40% bearish. The mean open interest for Alibaba Gr Holding options trades today is 5817.43 with a total volume of 32,699.00. Whales have been targeting a price range from $50.0 to $265.0 for Alibaba over the last 3 months.

Portfolio Pulse from Benzinga Insights

October 09, 2023 | 7:16 pm

EOG

A whale investor has taken a bullish stance on EOG Resources (NYSE:EOG), with 60% of the investors opening trades with bullish expectations and 40% with bearish. The whale has been targeting a price range from $109.0 to $170.0 for EOG Resources over the last 3 months. The price of EOG is up 3.37% at $124.75. Several financial institutions including Mizuho, JP Morgan, UBS, Citigroup, and Morgan Stanley have maintained their positive ratings on EOG Resources.

Portfolio Pulse from Benzinga Insights

October 09, 2023 | 7:15 pm