Streetbeat News

Stock Prices

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. This is 1.19% of all regular shares available for trading. An increase in short interest can indicate a bearish market sentiment. However, Ross Stores's short interest as a percentage of float is less than its peer group average of 15.85%.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 2:45 pm

CCOI

NCMI

The article provides an overview of value stocks in the communication services sector, highlighting Weibo (NASDAQ:WB), KT (NYSE:KT), National CineMedia (NASDAQ:NCMI), Verizon Communications (NYSE:VZ), and Cogent Comms Hldgs (NASDAQ:CCOI). All these companies have low P/E multiples, indicating they may be undervalued. The companies have also reported increases in earnings per share and dividend yields in Q2 compared to Q1.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 2:45 pm

ARCT

CALC

FWBI

INVA

PNT

The article discusses value stocks in the healthcare sector, which are traditionally undervalued. The companies mentioned include First Wave BioPharma, Arcturus Therapeutics, CalciMedica, POINT Biopharma Global, and Innoviva. All these companies have seen a decrease in their earnings per share recently.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 2:43 pm

RIVN

TSLA

Rivian Automotive, Inc (NASDAQ:RIVN) is facing financial challenges due to the high cost of production for its electric vehicles, which significantly outweighs the revenue generated. Despite raising nearly $12 billion in its IPO, the company's share price has dropped due to operational and financial issues. The company is working to cut costs and streamline operations, and is also renegotiating contracts and reducing production costs. However, it faces competition from established players like Tesla Inc (NASDAQ: TSLA) and Ford Motor Company (NYSE: F). Evercore ISI Group analyst upgraded Rivian Automotive to outperform rating and announced a $35 Price Target.

Portfolio Pulse from Anusuya Lahiri

October 02, 2023 | 2:40 pm

ABR

ALX

FOR

SOHO

Benzinga Insights has identified Forestar Group, Hersha Hospitality, Sotherly Hotels, Arbor Realty Trust, and Alexander's as notable value stocks in the real estate sector. The selection is based on low P/E multiples and recent earnings per share and dividend yield reports.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 2:39 pm

MKC

McCormick & Company is expected to report lower Q3 earnings of 65 cents per share, down from 69 cents per share a year ago. However, the company's revenue might increase to $1.7 billion from $1.61 billion. The company's shares rose 1.3% to close at $75.64 on Friday. Analysts from TD Cowen, Stifel, JP Morgan, and Bernstein have given varied ratings and price targets for the company.

Portfolio Pulse from Lisa Levin

October 02, 2023 | 2:39 pm

AEHL

Antelope Enterprise Holdings reported its H1 financial results, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 2:38 pm

BRQS

Borqs Technologies has announced a 1-for-12 reverse stock split, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 2:36 pm

BRQS

Borqs Technologies, Inc. (NASDAQ:BRQS) has announced a 1-for-12 reverse stock split for its common stock, set to take effect on October 10, 2023. Post-split trading on the Nasdaq Capital Market will begin on the same day under a new CUSIP number. Shareholders holding shares in brokerage accounts or 'street name' need not take any action to effect the exchange of their shares following the reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 2:35 pm

HMC

TSLA

WKSP

Tesla continues to dominate the US EV market, but the landscape is evolving. Honda is reentering the EV market with the 2024 Honda Prologue, developed with General Motors' Ultium battery platform. However, legacy automakers like GM, Ford, and Stellantis face challenges due to an ongoing UAW strike. Meanwhile, Worksport Ltd is developing a solar-powered tonneau cover and remote battery system that could disrupt the EV market.

Portfolio Pulse from Upwallstreet

October 02, 2023 | 2:32 pm