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SNPS

Synopsys shares have resumed trading after a temporary halt. The reason for the halt was not specified in the article.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 1:31 pm

CCI

Crown Castle (NYSE:CCI) has seen a 27.05% decrease in short interest since its last report, with 3.33 million shares sold short, representing 0.89% of available shares. The average time to cover these short positions is 1.09 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Crown Castle's short interest is below its peer group average of 4.11%.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 1:30 pm

AEP

American Electric Power (NYSE:AEP) has seen a 16.08% increase in short interest since the last report, with 8.73 million shares sold short, representing 1.66% of available shares. It would take about 3.21 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it's not a definitive predictor of a stock's direction. AEP's short interest is below its peer group average of 2.64%.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 1:30 pm

RBLX

Roblox Corporation (NYSE: RBLX) has seen a decrease in short interest, with the short percent of float dropping 9.27% since the last report. The company has 20.02 million shares sold short, representing 4.99% of available shares for trading. The current short interest is higher than the peer group average of 3.76%. While a decline in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term price rise.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 1:30 pm

PGY

Pagaya Technologies Ltd. has announced that its full-year 2023 network volume is expected to surpass the higher end of its previously forecasted range of $8 billion to $8.2 billion.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 1:29 pm

SNPS

Trading for Synopsys, Inc. (SNPS) was halted and then resumed at 8:25 AM ET, with updated quotation resumption times following the release of news.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 1:25 pm

AAPL

AMZN

GOOGL

IWM

META

MSFT

NVDA

SPY

TSLA

Institutional investors are optimistic about the U.S. economy avoiding a recession in 2024, with a majority expecting a soft or no landing. The 'Magnificent Seven' tech giants (Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla) are seen as a crowded but promising trade, especially with anticipated rate cuts by the Federal Reserve. Investors are also favoring U.S. equities, particularly small caps, as evidenced by the Russell 2000's outperformance compared to the S&P 500. The BofA survey shows a low expectation of a hard landing, with the Federal Reserve and corporate earnings being key market drivers for 2024.

Portfolio Pulse from Neil Dennis

January 16, 2024 | 1:25 pm

PGY

Pagaya Technologies anticipates that its preliminary 2023 network volume and adjusted ABITDA will surpass the upper limits of its forecasted ranges for the fiscal year 2023. This positive outlook suggests that the company is performing better than expected in terms of both network growth and profitability.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 1:24 pm

PGY

Pagaya Technologies has announced its intention to conduct a reverse stock split of its ordinary shares, expected to occur in Q1 2024. The proposed reverse split ratio will be in the range of 1-for-10 to 1-for-15. This corporate action is typically undertaken by companies aiming to boost their stock price by reducing the number of shares outstanding, which can also help them meet minimum share price requirements for stock exchanges.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 1:23 pm

TM

Toyota Motor Corp (NYSE:TM) plans to produce a record 10.3 million vehicles in 2024, driven by high demand for its hybrid vehicles. The company is recovering from semiconductor shortages and aims to split production between 3.4 million in Japan and 6.9 million overseas. Toyota's electric vehicle production target is set at 250,000 for 2024 and 600,000 for 2025. A third of the 9.2 million vehicles sold in the first 11 months of 2023 were hybrids. TM shares saw a slight premarket drop of 0.35%.

Portfolio Pulse from Shivani Kumaresan

January 16, 2024 | 1:23 pm