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XOM

Mizuho analyst Nitin Kumar reiterated a Buy rating on Exxon Mobil Corp (NYSE:XOM) with a price target of $139. Despite concerns over weak refining and chemicals margins, Exxon's upstream earnings have been strong. The company's 3Q23 earnings considerations showed an implied upstream earnings range of $5.7 billion - $6.3 billion, beating previous estimates. However, refining and chemicals earnings are expected to be weaker due to lower margins.

Portfolio Pulse from Anusuya Lahiri

October 05, 2023 | 7:21 pm

KSS

Kohl's Corporation (NYSE:KSS) shares are trading lower, continuing a trend from September where the stock fell over 23%. The retail sector was hit by a holiday retail forecast from Deloitte estimating slower growth. Kohl's shares gained at the end of September, likely in sympathy with Nike's positive Q1 results, but have since continued to decline.

Portfolio Pulse from Ryan Gustafson

October 05, 2023 | 7:17 pm

MLM

Martin Marietta Materials's (NYSE:MLM) short percent of float has fallen 23.08% since its last report, with 542 thousand shares sold short, which is 1.0% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. However, it does not necessarily mean that the stock price will rise in the near term. Compared to its peers, MLM has less short interest.

Portfolio Pulse from Benzinga Insights

October 05, 2023 | 7:15 pm

DELL

Dell Technologies' (NYSE:DELL) short percent of float has risen 49.62% since its last report, with 9.55 million shares sold short, which is 3.89% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, Dell has less short interest as a percentage of float, with an average of 6.22%.

Portfolio Pulse from Benzinga Insights

October 05, 2023 | 7:15 pm

NSC

Norfolk Southern's (NYSE:NSC) short percent of float has risen 3.45% since its last report, with 2.73 million shares sold short, which is 1.2% of all regular shares available for trading. This indicates that traders are expecting the stock price to fall. However, an increase in short interest can sometimes be bullish for a stock.

Portfolio Pulse from Benzinga Insights

October 05, 2023 | 7:15 pm

KO

Coca-Cola Co (NYSE:KO) shares are trading lower by 4.1% due to a decrease in shopping demand indicated by Walmart, which is attributed to the use of appetite-suppressing medications. The rise in Treasury yields and the attractiveness of fixed-income investments like bonds when interest rates rise are also contributing to the fall in Coca-Cola's stock price.

Portfolio Pulse from Henry Khederian

October 05, 2023 | 7:13 pm

CLX

Raymond James analyst Olivia Tong has downgraded Clorox Co (NYSE:CLX) to Market Perform from Outperform and maintained a price target of $185.00. The downgrade is due to weaker-than-expected Q1 preliminary results and the impact of a recent cybersecurity attack. The analyst predicts a slow recovery for the company, with the impact of the attack largely subsiding by FY25.

Portfolio Pulse from Lekha Gupta

October 05, 2023 | 7:11 pm

K

RBC has lowered its price target on Kellanova shares from $70 to $60, causing the stock to trade lower.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 7:11 pm

DXCM

DexCom's stock is trading lower due to the increasing popularity of weight loss drugs. The company has been under pressure throughout the year.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 7:06 pm

ISTR

Piper Sandler analyst Graham Dick upgraded Investar Holding Corp (NASDAQ:ISTR) to Overweight from Neutral with a price target of $13.5. The upgrade is due to the analyst's view of valuation 'becoming unreasonably depressed' given the bank's modest earnings outlook. The analyst revised EPS estimates to $1.73 for FY23 and $1.14 for FY24, assuming slightly better near-term net interest margins on lower average borrowings. However, the net interest margin is expected to have less growth in FY24 amid a 'higher for longer' environment.

Portfolio Pulse from Lekha Gupta

October 05, 2023 | 7:05 pm