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SPY

USA's pending home sales for August have significantly decreased by 7.1%, compared to the estimated decrease of 0.8% and the prior increase of 0.5%.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 2:00 pm

LMND

Over the past 3 months, 4 analysts have published their opinion on Lemonade (NYSE:LMND) stock. The average price target is $20.25, implying an upside from the current price of $11.56. This average has increased by 51.91% from the previous average price target of $13.33.

Portfolio Pulse from Benzinga Insights

September 28, 2023 | 2:00 pm

CCL

Carnival (NYSE:CCL) is set to release its latest quarterly earnings report on September 29, 2023. Analysts estimate an earnings per share (EPS) of $0.75. The company's past performance shows a trend of beating EPS estimates, which has often led to an increase in share price. Currently, shares are trading at $13.98, up 99.3% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

September 28, 2023 | 2:00 pm

DM

SSYS

The merger agreement between Desktop Metal, Inc. (NYSE:DM) and Stratasys Ltd. (NASDAQ:SSYS) has been terminated after Stratasys shareholders did not approve the deal. Despite this, Desktop Metal remains focused on its path to profitability, with plans to improve non-GAAP gross margins, operating expenses, adjusted EBITDA, and operating cash flow. The company entered the second half with cash of $127.6 million.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 1:55 pm

GCT

Culper Research has announced a short position on GigaCloud Technology Inc, stating that they believe the company's business is significantly smaller than claimed. This is reminiscent of the 'China Hustle' era of the early 2010s.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 1:55 pm

F

GM

SPY

STLA

Federal Reserve's Goolsbee has stated that the duration of the auto strike will significantly impact the GDP. The companies potentially affected include Ford (F), General Motors (GM), and Stellantis (STLA). The overall market, represented by SPY, may also be influenced.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 1:48 pm

CMG

Chipotle Mexican Grill's (NYSE:CMG) short percent of float has risen 10.7% since its last report, with 652 thousand shares sold short, which is 2.38% 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, Chipotle has less short interest as a percentage of float, with an average of 9.12%.

Portfolio Pulse from Benzinga Insights

September 28, 2023 | 1:45 pm

MDT

Medtronic's (NYSE:MDT) short percent of float has risen 11.76% since its last report, with 7.59 million shares sold short, which is 0.57% 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, Medtronic has less short interest as a percentage of float, which is 2.99% on average.

Portfolio Pulse from Benzinga Insights

September 28, 2023 | 1:45 pm

IBM

IBM's short percent of float has risen 4.62% since its last report, with 28.89 million shares sold short, which is 3.17% of all regular shares available for trading. This indicates that more traders are betting on the stock's price to fall. However, an increase in short interest can sometimes be bullish for a stock.

Portfolio Pulse from Benzinga Insights

September 28, 2023 | 1:45 pm

SPY

Federal Reserve's Goolsbee has expressed that inflation targets could potentially give a false sense of precision around a variable that is considered 'noisy'. This statement could impact the market's perception of the Federal Reserve's approach to inflation.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 1:43 pm