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INGR

Ingredion's (NYSE:INGR) short interest has increased by 18.75% since the last report, with 436 thousand shares sold short, representing 0.76% of its float. This increase in short interest, which now requires 1.33 days on average to cover, indicates a more bearish market sentiment towards INGR. However, compared to its peers, Ingredion has a lower short interest percentage of float (2.09%), suggesting a relatively stronger position.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 1:30 pm

SPY

The January Nonfarm Payrolls report showed an addition of 353,000 jobs, significantly surpassing the estimated 187,000. This indicates a stronger than expected labor market.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 1:30 pm

MCD

McDonald's Corporation (NYSE:MCD) is anticipated to release its Q4 earnings on Feb. 5, 2024, with expected earnings of $2.82 per share and revenue of $6.45 billion, up from the previous year. CEO Chris Kempczinski highlighted potential headwinds in the Middle East affecting business. The article also explores how investors can earn dividends from McDonald's stock, with a current yield of 2.24%, and calculates the number of shares needed to generate specific monthly dividend incomes.

Portfolio Pulse from Avi Kapoor

February 02, 2024 | 1:28 pm

CALC

FGEN

ORMP

PEPG

Four health care stocks, PepGen Inc. (PEPG), CalciMedica, Inc. (CALC), Oramed Pharmaceuticals Inc. (ORMP), and FibroGen, Inc. (FGEN), are considered overbought as of Feb. 2, 2024, based on their RSI values. Recent developments and price actions for each company are highlighted, with PEPG and FGEN showing significant gains, while CALC and ORMP experienced declines.

Portfolio Pulse from Avi Kapoor

February 02, 2024 | 1:21 pm

AGRI

CCTG

CLX

META

SKX

Meta Platforms, Inc. (META) shares surged over 16% in pre-market trading due to strong fourth-quarter results and a new quarterly dividend. Other stocks also showed significant pre-market movements, with notable gainers including CCSC Technology International Holdings Limited (CCTG) and The Clorox Company (CLX), and losers like AgriFORCE Growing Systems Ltd. (AGRI) and Skechers U.S.A., Inc. (SKX).

Portfolio Pulse from Avi Kapoor

February 02, 2024 | 1:21 pm

GWW

Grainger has provided its financial outlook for FY24, expecting net sales to range between $17.2 billion and $17.7 billion, compared to analysts' expectations of $17.5 billion. The company also forecasts earnings per share (EPS) to be between $38.00 and $40.50, versus the estimated $38.65.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 1:17 pm

CI

Cigna Corporation (NYSE:CI) reported Q4 2023 sales of $51.15 billion, a 12% increase Y/Y, surpassing consensus estimates. The growth was driven by Evernorth Health Services and Cigna Healthcare, with the latter seeing a 17% rise in adjusted sales to $13 billion. The company's medical cost ratio improved to 82.2% from 83.8% a year ago. Total premiums and the number of medical customers also saw significant increases. Cigna's adjusted EPS of $6.79 beat Wall Street estimates, and it declared a higher quarterly dividend of $1.40 per share. The company forecasts FY 2024 revenues of at least $235 billion and an adjusted EPS of at least $28.25. CI shares rose 4.16% in premarket trading.

Portfolio Pulse from Vandana Singh

February 02, 2024 | 1:15 pm

CVX

HES

Chevron Corp (NYSE:CVX) reported mixed Q4 FY23 results with total revenues of $47.18 billion missing consensus estimates but adjusted EPS of $3.45 beating expectations. The company saw a loss in U.S. upstream operations but increased international upstream earnings and raised its dividend by 8%. Chevron also completed acquisitions, including PDC Energy, Inc. and a majority stake in ACES Delta, LLC, and announced an acquisition deal with Hess Corporation (NYSE:HES). Shares rose 1.42% in premarket trading.

Portfolio Pulse from Lekha Gupta

February 02, 2024 | 1:11 pm

CPLP

Capital Product Partners (CPLP) reported Q4 adjusted EPS of $0.61, missing the $0.63 estimate, and sales of $95.51M, slightly below the $95.71M estimate. This represents a 40.78% decrease in EPS from last year, but a 19.54% increase in sales.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 1:10 pm

CHTR

LBRDA

META

SNAP

In Friday's pre-market session, Meta Platforms (META) and Snap (SNAP) were among the top gainers in the Communication Services sector, with META up 16.3% following its Q4 earnings report. Conversely, Charter Communications (CHTR) and Liberty Broadband (LBRDA) were notable losers, with CHTR down 7.95% after its Q4 earnings. Other stocks also experienced significant movements.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 1:06 pm